Global Home Care Packaging market trends 2024, Forecast To 2033
1 Feb, 2024
The home care packaging market has exhibited rapid growth, surging from $112.25 billion in 2023 to $123.64 billion in 2024, with a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period is attributed to increased demand for convenience packaging, heightened emphasis on sustainability, enhanced branding and shelf appeal, a surge in the demand for child-resistant packaging, and an aging population. Envisioning rapid growth in the next few years, the market is projected to reach $181.27 billion in 2028, with a CAGR of 10.0%. This growth is attributed to increasing health and safety concerns, the expansion of e-commerce, the aging-in-place trend, a surge in demand for personalization, and evolving regulatory changes. Key trends in the forecast period include the adoption of smart packaging, a focus on convenience and portability, tamper-evident seals, customization and personalization, and enhanced visual appeal and branding.
Global Home Care Packaging Market Key Driver
The home care packaging market is witnessing growth due to increasing health awareness. The COVID-19 pandemic has heightened health awareness globally, leading to a surge in demand for home care packaging products. Amazon reported a 30% year-over-year sales growth in household cleaning products. Therefore, increasing health awareness is expected to drive the growth of the home care packaging market, indicating growth by 2023, 2024, and 2028.
Get A Free Sample Of The Global Home Care Packaging Market ReportGlobal Home Care Packaging Market Segments
The global 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
By Geography: The regions covered in the Home Care Packaging market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas 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.
Major Home Care Packaging Industry Players
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.
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Home Care Packaging Market Overview
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.
Home Care Packaging Global Market Report 2023 provides data on the global home care packaging market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The home care packaging market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.