BROWSE THROUGH OUR TRADE FAIRS FOR CONSUMER GOODS INDUSTRY

Consumer Goods

Overview of the consumer goods industry

The consumer goods industry is a comprehensive, innovative and beneficial economic sector. It is also one of the most vital because of its diverse wares. It encompasses any commodity produced and purchased to meet the needs of consumers. These are distributed within three divisions: durable, nondurable and services. Examples of durable wares include vehicles, household appliances and furnishings. Nondurable goods are food, tobacco, and apparel. Consumer services encompass landscaping, beauty procedures, and travel packages. This results in an industry that spans between 2.2 million and over 3.7 million enterprises. It also employs 11 million specialists.

Is the industry extensive and highly valued?

The industry has one of the most extensive inter-sector networks. For instance, it has links to the food, electronics, health, sports, beauty, and apparel industries. Likewise, it is connected to the tobacco, toys, games, and pharmaceutical sectors. Likewise, this applies to the automotive, furniture, retail, advertising, and franchising industries. It is also linked to the chemistry, lifestyle, packaging, oil and gas sectors. As a result, the consumer goods industry is one of the most high-revenue segments. For instance, it has recently reached a market value of $16.07 trillion.

How does the sector maintain its position?

The sector maintains its position and stability through several means. It includes its prime focus on innovation and trend studies. It enables the industry to be up-to-date on the latest consumer tendencies. Often, such topics are presented during trade expositions. These occur in diverse countries. Examples include the Netherlands and Italy. They also take place in the Swiss Confederation and the UAE. Such events attract hundreds of thousands of participants. They occur every six months to one year. Some exceptions take place every two years.