what is cpg
DEFINITION of 'Consumer Packaged Goods-CPG'. A type of good that is consumed every day by the average consumer. The goods that comprise this category are ones that need to be replaced frequently, compared to those that are usable for extended periods of time.REAKING DOWN 'Consumer Packaged Goods-CPG'. The consumer packaged goods industry is one of the largest in North America, valued at approximately US$2 trillion.