Home Care Packaging Market Report with CAGR of 5.47% till 2032

According to Fortune Business Insights, In 2023, the global home care packaging market was valued at USD 32.55 billion and is expected to grow to USD 34.11 billion in 2024, eventually reaching USD 52.22 billion by 2032, at a CAGR of 5.47% over the forecast period. North America led the market with a 33.49% share in 2023. The U.S. home care packaging market is anticipated to experience steady growth, projected to reach USD 14.52 billion by 2032. This growth is primarily driven by increasing consumer demand for eco-friendly and convenient packaging solutions for household cleaning and personal care products.

Home care packaging plays a vital role in protecting contents from microbial contamination while ensuring optimal safety and efficiency during storage and transportation. Growing health awareness has led consumers to spend more time at home, fueling demand for cleaning and disinfectant products and driving global market growth. Additionally, the increasing adoption of flexible packaging and a heightened focus on consumer-centric packaging solutions are further contributing to the expansion of the global market.

Fortune Business Insights presents this information in their report titled "Homecare Packaging Market, 2024-2032."

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Major Players Profiled in the Report:

• Amcor PLC (Australia)

• Sonoco Products Company (U.S.)

• Ball Corporation (U.S.)

• Berry Global (U.S.)

• AptarGroup Inc. (U.S.)

• Silgan Holdings (U.S.)

• Constantia Flexibles (Austria)

• DS Smith PLC (U.K.)

• ProAmpac LLC (U.S.)

• Mondi Group (U.K.)

Segments:

By material, the market is divided into metal, glass, plastic, and paper & paperboard.

By packaging type, the market is segregated into jars & containers, bags & pouches, bottles, boxes, cans, and others.

By type, the market is classified into laundry, dishwashing, aifresheners, surface cleaners, toiletries, and others.

From the regional ground, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Report Coverage

The comprehensive market research report delves into crucial elements, including the competitive landscape, distribution channels, and notable product categories. The document provides valuable insights into prevailing market trends and significant industry advancements. It also encompasses various variables that have contributed to the recent market expansion. With a thorough examination of these factors, the report offers a holistic view of the market's current and future potential. Stakeholders can leverage this information to make informed decisions and formulate effective strategies for success.

Drivers and Restraints

Rapid Adoption of Flexible Packaging for Smooth Product Handling to Propel Market Expansion

People are more aware of hygiene and sanitation in developed countries. Infrastructural development is attributed to the rapid urbanization and rising disposable income. An increase in retail stores is boosting the demand for eye-catching packaging of products to entice consumers. Producers are also opting for innovative designs to enhance the aesthetics of homecare packaging and improve brand identity. There is an increased adoption of eco-friendly products and packaging, and governments are also encouraging the usage of such products and imposing limitations on non-recyclable and non-biodegradable products. The growing usage of paper and paperboard as raw materials for packaging and the rapid adoption of flexible packaging for the smooth handling and shipping of products are key factors boosting the homecare packaging market share.

On the other hand, chemicals used to make homecare products can harm the environment,  damage the skin, and cause irritation and other health-related difficulties. All these factors are impeding market growth.

Regional Insights

Asia Pacific Commands the Market Due to Rising Disposable Income

Asia Pacific takes center stage in the global market. An increase in population and rising disposable income drive the demand for homecare products, bolstering market expansion in the region.

The market in North America is expanding rapidly owing to increasing consumer inclination toward a clean and better lifestyle.

Competitive Landscape

Top Companies Focus on Partnerships to Introduce Sustainable Homecare Packaging Solutions

Leading companies emphasize partnerships to increase their product offerings. They are investing in R&D programs to launch sustainable packaging solutions to reduce the environmental impact. Top homecare packaging solution providers are focusing on product improvements and acquisitions to hold dominance in the global market.

Information Source: https://www.fortunebusinessinsights.com/homecare-packaging-market-108080

Key Industry Developments

• February 2024 –  Mondi, a global leader in sustainable packaging and paper, announced the expansion of its innovative range of paper-based EcoWicketBags. The new range comes in response to the rising demand for sustainable packaging in the home & personal care (HPC) sector, especially for products such as diapers and feminine hygiene products.

• January 2024 – M&S partnered with Reposit and declared the expansion of its Refilled scheme for own-brand cleaning & laundry products with an intent to cut down plastic packaging and offer its consumers sustainability-minded alternatives. The consumers can choose from ten pre-filled, own-brand homecare products such as washing liquids, laundry detergents, cleaning sprays, and fabric conditioners.