Consumer Packaged Goods (CPG) Market size was valued at USD 5483.4 Billion in 2023 and is projected to reach USD 6615.5 Billion by 2030, growing at a CAGR of 2.8% during the forecast period 2024-2030.

Global Consumer Packaged Goods (CPG) Market Drivers

The market drivers for the Consumer Packaged Goods (CPG) Market can be influenced by various factors. These may include:

Changing Customer Preferences: A variety of factors, including changes in lifestyle, demographics, urbanization, and culture, constantly influence consumer preferences and behaviors. CPG companies need to offer products that fit the needs, tastes, and values of their customers in order to adjust to these shifting preferences.
Product development and innovation: In the CPG industry, innovation is a major force. Businesses spend money on R&D to produce cutting-edge goods that satisfy changing consumer demands, outperform competitors, improve convenience, and add value. The introduction of new products and strategies for product differentiation propel market expansion and rivalry.
Trends in Health and Wellness: Consumers are searching for CPG products that support health, nutrition, and overall well-being as they become more conscious of these issues. Organic, natural, non-GMO, and functional products are becoming more and more in demand as consumers prioritize leading healthier lives. In response, CPG companies provide healthier substitutes and restructure current products to align with consumer inclinations.
E-commerce and Digital Transformation: The CPG industry is undergoing a revolution thanks to the spread of digital technologies and e-commerce channels. Because online shopping platforms offer convenience, variety, and personalized experiences, more and more consumers are choosing them. CPG businesses use omnichannel distribution, digital marketing, e-commerce tactics, and data analytics to increase market share, engage customers, and boost revenue.
Easy Living and Always-On Lifestyles: The demand for easy-to-consume, portable, portion-controlled CPG products that are portable is driven by time constraints and busy lifestyles. Snacking bars, grab-and-go options, single-serve packaging, and ready-to-eat meals all appeal to customers looking for quick and convenient meal solutions.
Sustainability and Environmental Concerns: In the CPG business, consumers’ decisions to buy are influenced by their growing awareness of environmental issues and concerns about sustainability. Sustainable sourcing methods, recyclable packaging, and environmentally friendly goods are top priorities for consumers. To meet consumer expectations and improve brand reputation, CPG companies implement sustainable initiatives, minimize waste, lower their carbon footprint, and embrace the principles of the circular economy.
Demographic Trends: The dynamics of the CPG market are shaped by demographic variables such as population growth, urbanization, aging populations, and household composition. Businesses customize their product lines, package designs, and advertising tactics to appeal to particular consumer demographics, including millennials, Gen Z, baby boomers, families, and multiculturals.
Globalization and Emerging Markets: Globalization gives CPG companies more market opportunities to enter emerging markets and new geographic areas. Consumer spending on CPG products is driven by growing middle-class populations, urbanization, and rising disposable incomes in developing nations. To prosper in a variety of international markets, businesses must modify their marketing tactics, localize their product offerings, and handle regulatory environments.
The COVID-19 pandemic has brought to light the significance of resilient and agile supply chains in the consumer packaged goods (CPG) sector. In order to increase flexibility, responsiveness, and continuity during disruptions and volatile market conditions, businesses concentrate on supply chain optimization, inventory management, risk mitigation, and digitalization.

Global consumer packaged goods (CPG) market size was valued $160.75 B in 2022 and is expected to rise to $244.92 B by 2030 at a CAGR of 5.40%.

This statistic depicts the sales of consumer packaged goods (CPG) in the United States in 2015 and provides a forecast for 2020. In 2015, U.S. CPG sales amounted to about 635.8 billion U.S. dollars.

Consumer packaged goods

The consumer packaged goods (CPG) industry is one of the largest and most successful industries in North America. During the last several decades, this industry experienced remarkable growth in both revenue and shareholder returns, fueled by the expansion of emerging-market economies and the subsequent increase in global consumption. The last few years, however, saw a decline in people’s disposable incomes, as well as a general change in consumer attitudes. Nevertheless, CPG sales in the United States constantly grew over the past five years. Sales figures were estimated to exceed 760 billion U.S. dollars by 2016. Consumer packaged goods include commodities such as food and drinks, clothing and footwear, tobacco and cleaning products. CPGs are consumable items which need frequent replacing, unlike automobiles or furniture.

In 2014, U.S. consumers spent approximately 398 billion U.S. dollars on consumer packaged goods, with Baby Boomers and Senior citizens accounting for more than half of the country’s CPG expenditure. Grocery stores were the most popular CPG distribution channel, followed by drugstores and mass merchandisers and/or supermarkets. That year, 99 percent of U.S. households had bought consumer packaged goods from grocery stores.

CPG companies employ different marketing strategies to boost revenues. For instance, some 23 billion CPG coupons were redeemed in the United States from 2007 to 2014. As a result, American consumers were able to save some three billion U.S. dollars on consumer packaged goods annually.

This statistic shows the revenue of the top-performing consumer packaged goods (CPG) companies worldwide in 2013. In that year, Procter & Gamble was the largest CPG companies in the world, with revenue amounting to about 83.7 billion U.S. dollars.

Consumer packaged goods

Consumer packaged goods (CPG) are defined as products which are intended for everyday use. They have to be replaced quite frequently in contrast to products that are usable for an extended period of time such as cars. CPG are further classified into fast moving consumer goods (FMCG) and slow moving consumer goods (SMCG). The classification is based on how fast products are sold from the supermarket shelf to the customer, a determining factor in the rotation of goods. FMCG comprise goods with a useful life shorter than a year including food and beverages, personal care products, household products, cleaning products, and tobacco. They are affordable at relatively low cost and literally just fly off the supermarket shelves. SMCG have a much lower purchasing frequency and are therefore more costly regarding storage space. This category comprises items such as household appliances, furniture and home improvement products, which usually have a useful life longer than a year. The fast-paced CPG business is quite competitive, highly dynamic and innovative in order to meet consumers’ needs. Some of the industry’s key players include Procter & Gamble, Unilever and L’Oréal.

Consumer Packaged Goods (CPG) Software Market was valued at USD 20.1 Billion in 2024 and is projected to reach USD 29.9 Billion by 2031, growing at a CAGR of 5.09% during the forecast period 2024-2031.

Global Consumer Packaged Goods (CPG) Software Market Drivers

The market drivers for the Consumer Packaged Goods (CPG) Software Market can be influenced by various factors. These may include:

Demand for Efficiency and Cost Reduction: CPG businesses are utilizing software more and more to improve efficiency, save expenses, and simplify operations in a number of areas, including production planning, inventory control, and supply chain management.
Growth of E-Commerce and Omnichannel Retailing: CPG companies need software solutions that can interface with various sales channels, efficiently manage inventory, and give real-time insight into customer preferences and demand as e-commerce and omnichannel retailing continue to grow.
Data analytics and insights are becoming more and more necessary in the CPG sector as a result of the requirement to analyze massive amounts of data pertaining to sales performance, market trends, and customer behavior. There is a great demand for software solutions that provide actionable insights and predictive analytics.
Regulatory Compliance and Quality Assurance: Because CPG businesses operate in a highly regulated sector, they need reliable software solutions for supply chain traceability, compliance management, and quality assurance. This entails making certain that laws pertaining to food safety, labeling specifications, and sustainability guidelines are followed.
Concentrate on Product Innovation and Customization: CPG firms are concentrating on product innovation and customization to satisfy changing consumer demands in order to remain competitive. Innovation must be fueled by IT solutions that facilitate quick prototyping, recipe management, and agile product development.
Growing Customer Expectations for Personalization: Customers are coming to expect more individualized service and products that are catered to their specific tastes. In order to improve customer engagement and loyalty, CPG companies are utilizing software solutions for marketing automation, customer relationship management (CRM), and targeted promotions.
The COVID-19 pandemic brought to light the significance of supply chain resilience and risk management for consumer packaged goods (CPG) companies. For business continuity and interruption mitigation, IT solutions that enable demand forecasting, provide real-time supply chain information, and streamline supplier and distributor engagement are essential.
Adoption of Cloud-Based Solutions: Because cloud-based software solutions are scalable, flexible, and affordable, CPG companies are embracing them more and more. Cloud-based platforms offer easy interaction with third-party systems, support collaboration across distributed teams, and give CPG organizations virtual access to data and applications.
Emphasis on Environmental Responsibility and Sustainability: CPG firms are prioritizing sustainability initiatives and looking for software solutions that enable sustainable sourcing, production methods, and packaging materials in response to the increasing awareness of environmental challenges. Software solutions that facilitate waste reduction, environmental reporting, and measuring carbon footprints are becoming more and more popular.
Emergence of AI and Machine Learning technology: To automate repetitive jobs, enhance operational efficiency, and improve decision-making processes, CPG software solutions are progressively integrating AI and ML technology. Demand forecasting, predictive maintenance, and personalized recommendations are all made possible by AI-powered algorithms, which stimulate industry innovation.

Web Analytics Market in Retail and CPG Report is Segmented by Offering (Solution, Services), Organization Size (SMEs, Large Enterprises), Application (Search Engine Optimization and Ranking, Online Marketing & Marketing Automation, Customer Profiling and Feedback, Application Performance Management, Social Media Management, and Others), and Geography. The Market Sizes and Predictions are Provided in Terms of Value in USD for all the Above Segments.

The global Consumer Packaged Goods (CPG) IT services market size was valued at USD 45.2 billion in 2022 and is projected to grow from USD 48.4 billion in 2023 to reach USD 82.9 billion by 2030, exhibiting a CAGR of 7.1% during the forecast period (2023-2030). The growth of the market is primarily attributed to the increasing adoption of digital technologies by CPG companies to enhance their operational efficiency, customer experience, and supply chain management. Key drivers of the market include the rising demand for personalized products and services, increasing competition in the CPG industry, and the need for efficient supply chain management. Moreover, the growing adoption of cloud computing, analytics, and artificial intelligence (AI) is expected to further fuel the market growth. However, concerns about data privacy and security may restrain the market growth to some extent. North America is expected to hold a significant market share due to the presence of a large number of CPG companies. Europe is also expected to contribute significantly to the market growth, followed by Asia Pacific.

The Vietnam Consumer Packaged Goods (CPG) Market has experienced significant growth, this is reflected by the Vietnam Consumer Goods Market reaching a valuation of USD 52 billion in 2023.

The global consumer packaged goods market is valued at USD 161 billion, covering key players, industry trends, growth drivers, and future forecasts. Stay ahead with insights.

Report of Consumer Packaged Goods (CPG) is currently supplying a comprehensive analysis of many things which are liable for economy growth and factors which could play an important part in the increase of the marketplace in the prediction period. The record of Consumer Packaged Goods (CPG) Industry is providing the thorough study on the grounds of market revenue discuss production and price happened. The report also provides the overview of the segmentation on the basis of area, contemplating the particulars of earnings and sales pertaining to marketplace.

The Consumer Packaged Goods (CPG) Software & Solutions market serves as the backbone of the dynamic and fast-paced CPG industry, providing essential tools for manufacturers, retailers, and distributors to streamline operations, enhance customer engagement, and improve supply chain efficiency. As brands compete to me

The Testing, Inspection, and Certification Market in the Consumer Goods and Retail Industry is Segmented by Service Type (Testing and Inspection Service, Certification Service), by Sourcing Type (Outsourced, In-house), and by Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

In 2023, the market value of food and beverages in the business-to-consumer (B2C) e-commerce market in Japan exceeded 2.9 trillion Japanese yen, making it the leading category in the Japanese consumer goods sector. Overall, the B2C e-commerce market for physical merchandise reached a market size of almost 15 trillion yen in 2023.

The global consumer packaged goods (CPG) software market is anticipated to reach a valuation of USD 20,760 million by 2033, expanding at a CAGR of 4.5% during the forecast period (2023-2033). The increasing adoption of digital technologies and the need for efficient supply chain management in the CPG industry are major growth drivers. The COVID-19 pandemic further accelerated the demand for CPG software as companies sought to optimize their operations and cope with disruptions in global supply chains. The market is segmented based on application into small and medium enterprises (SMEs) and large enterprises, and by type into cloud-based and on-premises solutions. Cloud-based CPG software is gaining popularity due to its cost-effectiveness, scalability, and ease of implementation. Key market players include Fishbowl, NetSuite, Systum Inc., Deskera, and Agiliron, among others. The market is geographically segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific, with North America holding a significant market share.

The Electronics & Consumer Goods Plastics Market Share size and share are expected to exceed USD 483.29 billion by 2034, with a compound annual growth rate (CAGR) of 38.3% during the forecast period.

PLM In Consumer Goods Market size was valued at USD 2.44 Billion in 2023 and is projected to reach USD 3.58 Billion by 2030, growing at a CAGR of 10% during the forecast period 2024-2030.

Global PLM In Consumer Goods Market Drivers

The market drivers for the PLM In Consumer Goods Market can be influenced by various factors. These may include:

Market Competition: Businesses in the consumer goods sector are driven to find methods to set their products apart from the competition, accelerate time to market, and improve product quality. PLM systems assist businesses in managing product data effectively, streamlining the product development process, and fostering productive departmental and external partner collaboration.

Demand for Innovation: As consumer tastes change over time, there is an increasing need for items that are new and that provide special features, improved functionality, and sustainability. PLM systems help businesses develop more quickly by streamlining communication, organizing concepts, and successfully launching new goods.

Globalization and the Complexity of the Supply Chain: Companies that manufacture consumer goods compete on a worldwide scale, which presents challenges for supply chain managers, legal compliance, and quality assurance. PLM solutions give businesses access and control across the whole product lifecycle, from design and sourcing to production and distribution, assisting them in more skillfully navigating the challenges of a global supply chain.

Regulatory Compliance: A number of laws pertaining to environmental sustainability, product safety, and labeling apply to the consumer goods sector. Through the provision of tools for tracking and managing product information, certifications, and documentation throughout the product lifecycle, PLM solutions assist businesses in ensuring compliance with regulatory standards.

Cost Reduction and Efficiency Improvement: Consumer products companies face pressure to cut costs and boost operational efficiency in an increasingly competitive market. PLM systems contribute to process optimization, shorter time-to-market, reduced errors, and waste elimination, all of which save costs and increase profitability.

Digital Transformation: As businesses look to use technology to improve collaboration, streamline processes, and extract insights from data, PLM solutions are becoming more and more popular in the consumer products industry. In order to further enhance the processes involved in product development and innovation, PLM platforms are growing to include cutting-edge technology like artificial intelligence, machine learning, and the Internet of Things.

Corporate Social Responsibility (CSR) and Sustainability: The consumer goods industry is seeing an increase in the focus on sustainability and corporate social responsibility (CSR) due to consumer demand for eco-friendly products and moral company conduct. PLM systems may assist businesses in meeting sustainability targets and improving their brand image by assisting them in incorporating sustainability concerns into product design, sourcing choices, and supply chain management procedures.

Global CPG Software market size 2025 was XX Million. CPG Software Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

This statistic shows the turnover of technical consumer goods in Saudi Arabia in 2018, broken down by sector. In 2018, the turnover of the telecommunications sector amounted to 14.2 billion Saudi riyal (SAR), compared to 149 million SAR in the photography sector.

North America Cpg Oligodeoxynucleotide comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

The above statistic shows the average revenue growth of the 250 largest consumer goods retailers in 2017, broken down by region. The average revenue growth of European consumer goods retailers was 7.1 percent that year.