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The global home care packaging market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.1% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Home care packaging is manufactured using durable materials to safeguard and protect the contents from microbial contamination and maintain their overall quality. It also ensures effective usage and maximum efficiency and provides convenience and security during the storage and transportation of products. It is available in different sizes, colors, ranges and material types depending on the product type. At present, home care packaging is widely utilized to build brand image.
Rapid urbanization, improving living standards and the increasing awareness about the overall health and wellbeing are among the key factors escalating the demand for home care products across the globe. Moreover, the rising adoption of compact packages on account of their affordability and ease of usage and storage is impelling the growth of the market. Apart from this, a significant shift in consumer preferences towards flexible packaging, along with the increasing focus on consumer-oriented packaging production, is bolstering the market growth. Furthermore, with the growing environmental concerns, governing agencies of several countries are providing tax exemptions to companies adopting innovative and sustainable ways of manufacturing products. This is encouraging these companies to use recycled plastics and offer refill pouches to reduce the ecological footprint. Besides this, they are utilizing advanced technologies, such as artificial intelligence (AI), near field communication (NFC) and radio frequency identification (RFID), to improve smart packaging services such as preventing counterfeit, providing accurate information about inventory tracking and allowing consumers to track goods using smartphones.
IMARC Group provides an analysis of the key trends in each sub-segment of the global home care packaging market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, material type and packaging type.
Breakup by Product:
Breakup by Material Type:
Breakup by Packaging Type:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles 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).
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