Home Care Packaging Market
The global home care packaging market size was valued at USD 32.55 billion in 2023. The market is expected to expand from USD 34.11 billion in 2024 to USD 52.22 billion by 2032, exhibiting a CAGR of 5.47% over the study period.
Home care packaging is utilized for the protection and safeguarding the contents from contamination caused by microbes. The growing usage of flexible packaging coupled with rising emphasis on consumer-centric packaging production boosts the market expansion.
Fortune Business Insights™ provides this information in its research report, titled “Home Care Packaging Market Size, Share, 2025-2032”.
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List of Key Players Mentioned in the Report:
- Amcor Plc (Switzerland)
- AptarGroup Inc. (U.S.)
- Ball Corporation (U.S.)
- DS Smith (U.K.)
- Mondi (U.K.)
- ProAmpac (U.S.)
- Huhtamaki (Finland)
- Silgan Holdings (U.S.)
- Sonoco Products Company(U.S.)
- Constantia Flexibles (Austria)
- WestRock (U.S.)
- ALPLA (Austria)
- Graham Packaging Company (U.S.)
- Greiner Packaging (Austria)
- EPL (India)
Segmentation:
Flexible Nature of Plastic to Foster Segment Growth
On the basis of material, the market is divided into paper & paperboard, metal, plastic, and others. The plastic segment grabs the largest home care packaging market share on account of its attributes, including flexibility, durability, and strength. This factor makes it suitable for packaging several home care liquids, powder products, and creams.
Bottles Segment to Lead Driven by Ability to Remove Spoilage
In terms of product type, the market is classified into films & wraps, bags & pouches, cans & jars, bottles, and others. The bottles segment is poised to capture the largest share during the study period, which can be attributed to their ability to effectively remove spoilage and contamination and ensure secure and safe packaging. They also possess the ability to adapt as per the requirements in any shape, color, and size.
Increasing Awareness of the Importance of Hygiene to Spur Laundry Segment Expansion
With respect to application, the market is categorized into surface cleaners, toiletries, dishwashing, air fresheners, laundry, and others. The laundry segment observes the largest share, fueled by growing awareness of significance of hygiene. This, along with the varying patterns in cleaning and laundry accelerate segment growth.
On the regional front, the market is segmented into Asia Pacific, Europe, the Middle East & Africa, North America, and Latin America.
Report Coverage:
The report provides a comprehensive coverage of the key driving and restraining factors affecting the market growth. It further offers a detailed analysis of the top trends, major segments, and COVID-19 pandemic impact of the market growth. In addition, the report highlights the strategic moves deployed by prominent companies to keep ahead of their competition.
Drivers and Restraints:
Surging Consumer Demand for Sustainable Packaging to Aid Market Expansion
With the quick evolution of consumer preferences, there is an increasing focus on convenience, sustainability, and health & wellness. The key homecare products companies are bringing innovations to offer their customers products that are in line with these varying preferences, including organic and personalized and eco-friendly packaging solutions.
However, the highly fluctuating prices of raw materials may hamper home care packaging market growth.
Regional Insights:
North America Dominates Propelled by Strong Presence of Major Packaging Companies
North America home care packaging market secures the largest share on account of enhanced living standards, strong presence of prominent packaging companies, and high disposable income. In addition, regional consumers want to pay more for premium cleaning products.
Asia Pacific is witnessing fastest-growth, driven by well-developed consumer goods sector. This, along with quick expansion of the e-commerce sector bolsters the market growth in the region.
Information Source: https://www.fortunebusinessinsights.com/homecare-packaging-market-108080
Competitive Landscape:
Market Leaders Focus on Product Innovations to Boost Their Position
The home care packaging market has a highly competitive and fragmented structure. Some of the key companies are DS Smith, AptarGroup Inc., ProAmpac, Mondi, Amcor Plc, Ball Corporation, and others. These companies are adopting different strategic moves such as joint ventures, capacity expansions, and partnerships to outshine the competition. A wide range of companies are also focusing on product innovations to strengthen their position.
Key Industry Development:
April 2023 – Huhtamaki announced the release of a sustainable flexible packaging innovation. These mono-material flexible packaging solutions offer a high level of protection to food & household essentials.
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