Overview and Scope
Home care packaging refers to a package delivered to someone in need that includes food, clothing, or other basics, usually employed for the protection of all household goods and materials. They are produced with stable materials to preserve and safeguard the contents from microbial contamination while maintaining their quality.
Sizing and Forecast
The home care packaging market size has grown rapidly in recent years. It will grow from <b>$112.25 billion in 2023 to $123.64 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. </b> The growth in the historic period can be attributed to increased convenience packaging, increased importance of sustainability, increased branding and shelf appeal, demand for child-resistant packaging, increased aging population.
The home care packaging market size is expected to see rapid growth in the next few years. It will grow to <b>$181.27 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. </b> The growth in the forecast period can be attributed to increasing health and safety concerns, e-commerce expansion, aging-in-place trend, increasing demand for personalization, increasing regulatory changes. Major trends in the forecast period include smart packaging, convenience and portability, tamper-evident seals, customization and personalization, visual appeal and branding.
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Segmentation & Regional Insights
The home care packaging market covered in this report is segmented –
1) By Packaging Type: Bottles And Containers, Metal Cans, Cartons And Corrugated Box, Pouches And Bags, Other Packaging Types
2) By Material: Plastic, Paper, Metal, Glass
3) By Product: Dishwashing, Insecticides, Laundry Care, Toiletries, Polishes, Air Care, Other Products
<b>Asia-Pacific</b> was the largest region in the home care packaging market in 2023. The regions covered in the home care packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Increasing health awareness is contributing to the growth of the home care packaging market. People's health awareness has improved due to the COVID-19 epidemic, which has led to greater usage of disinfectants globally in public buildings, transportation, hospitals, nursing homes, wastewater treatment facilities, and even common families to reduce the virus load. As a result, there has been a surge in demand for home care packaging products such as detergents, surface cleaners, air fresheners, and other such items. For instance, Amazon has experienced 30% year-over-year sales growth in the household cleaning products market. Therefore, increasing health awareness is expected to propel the growth of the home care packaging market going forward.
Key Industry Players
Major companies operating in the home care packaging market include <b> Amcor plc, Sonoco Products Company, Ball Corporation, Resources Planning Consultants Group, Winpak Ltd., AptarGroup Inc., Silgan Holdings Inc., DS Smith plc, Canpack SA, ProAmpac LLC, Mondi plc, Tetra Laval International SA, Constantia Flexibles Group GmbH, Essel Propack Ltd., International Paper Company, WestRock Company, Smurfit Kappa Group plc, Oji Holdings Corporation, Packaging Corporation of America, Huhtamaki Oyj, Gerresheimer AG, Berry Global Group Inc., Libo Cosmetics Co. Ltd., Alpenplastik Lehner Alwin GmbH, Chinese cosmetic packaging company, Sealed Air Corporation, Coveris Holdings SA, Graphic Packaging International LLC, Tekni-Plex Inc., Uflex Ltd. </b>
The home care packaging market report table of contents includes:
1. Executive Summary
2.Home Care Packaging Market Characteristics
3.Home Care Packaging Market Trends And Strategies
4.Home Care Packaging Market analysis
5.Home Care Packaging Market Size And Growth
6.Home Care Packaging Segmentation
7.Home Care Packaging Regional And Country Analysis
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27.Home Care Packaging Competitive Landscape And Company Profiles
28.Home Care Packaging Key Mergers And Acquisitions
29.Home Care Packaging Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Amcor plc
- Sonoco Products Company
- Ball Corporation
- Resources Planning Consultants Group
- Winpak Ltd.
- AptarGroup Inc.
- Silgan Holdings Inc
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