Global Home Care Packaging Market to Reach US$ 146.3 Billion by 2032, Impelled by Rising Adoption of Compact Packages

April 10, 2023 | Packaging

IMARC Group's latest report, titled "Home Care Packaging Market Report by Product (Dishwashing Products, Insecticides, Laundry Care Products, Toiletries, Polishes, Air Care Products, and Others), Material Type (Plastic, Paper, Metal, Glass, and Others), Packaging Type (Bottles, Metal Cans, Cartons, Pouches, and Others), and Region 2024-2032," finds that the global home care packaging market size reached US$ 100.7 Billion in 2023. Home care packaging is designed to ensure the safety and preservation of the contents using strong and durable materials that protect against microbial contamination and maintain the quality of the products. It also provides improved convenience, security, and efficiency during the storage and transportation of numerous home care goods. It is widely available in various sizes, colors, and materials to suit the needs of different product types. At present, home care packaging finds extensive applications in creating a brand image and identity across the globe. 

Global Home Care Packaging Market Trends:

The rising adoption of compact packages due to their affordability, ease of usage, and storage represents the primary factor driving the market growth. Moreover, the increasing focus on consumer-oriented packaging production and shifting consumer preferences toward flexible packaging are positively influencing market growth. Apart from this, governments of numerous countries are offering lucrative tax exemptions to companies that adopt sustainable manufacturing practices. As a result, the rising use of recycled plastics and refill pouches to reduce the environmental impact has catalyzed market growth. Additionally, the integration of advanced technologies, such as artificial intelligence (AI), near field communication (NFC), and radio frequency identification (RFID), that help in improving smart packaging services, including preventing counterfeits, offering accurate information about inventory tracking, and enabling consumers to track goods using smartphones represents another major growth-inducing factor. Besides this, continual technological advancements in packaging and the ability to offer a high aesthetic value to products are propelling the market growth. Furthermore, the rising availability of affordable smaller pack sizes that help consumers in stocking a wide range of products is contributing to market growth. In line with this, the escalating need for cleaning agents, sanitizers, disposable gloves, and masks, especially amid the sudden coronavirus (COVID-19) disease outbreak, has augmented product demand. Other factors, including increasing consumer awareness about health and wellness, improving living standards, and rapid urbanization, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach US$ 146.3 Billion by 2032, expanding at a CAGR of 4.1% during 2024-2032. 

Market Summary:

  • Based on the product, the market has been divided into dishwashing products, insecticides, laundry care products, toiletries, polishes, air care products, and others. 
  • On the basis of the material type, the market has been categorized into plastic, paper, metal, glass, and others. 
  • The market has been segmented based on the packaging type into bottles, metal cans, cartons, pouches, and others, 
  • Region-wise, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa. 
  • The competitive landscape of the market has also been examined, with some of the key players being Amcor Plc, AptarGroup Inc., Ball Corporation, DS Smith Plc, Mondi Group, ProAmpac, Silgan Holdings, Sonoco Products Company, Tetra Laval International SA, and Winpak Ltd. (Wihuri Packaging Oy).

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Material Type, Packaging Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amcor Plc, AptarGroup Inc., Ball Corporation, DS Smith Plc, Mondi Group, ProAmpac, Silgan Holdings, Sonoco Products Company, Tetra Laval International SA and Winpak Ltd. (Wihuri Packaging Oy)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Home Care Packaging Market to Reach US$ 146.3 Billion by 2032, Impelled by Rising Adoption of Compact Packages
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