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 provides maximum security and efficiency during transportation and storage. The growing time spent by consumers at home owing to health concerns is boosting the demand for disinfectant and cleaning products, impelling market growth.
Source: https://www.fortunebusinessinsights.com/homecare-packaging-market-108080
There was no impact of the COVID-19 pandemic on the home care packaging industry on account of a rise in demand for sanitization requirements. Moreover, there was heightened demand for maintenance of sanitization and hygiene on account of embracement of cleaning agents, sanitizers, masks, and disposable gloves by consumers.
Fortune Business Insights™ provides this information in its research report, titled “Home Care Packaging Market”.
Segmentation:
Exceptional Printing Properties of Plastic to Augment Segment Expansion
In terms of material, the market is classified into metal, plastic, paper & paperboard, and others. The plastic segment holds the leading position, impelled by its superior printing properties, which allow for printing graphics and information on packaging. In addition, it has higher flexibility as compared to any other packaging counterparts.
Report Coverage:
The market research report provides an in-depth analysis of the competitive strategies deployed by leading companies to reinforce their industry position. In addition, it comprehensively discusses the major factors impacting the market growth. Additional aspects of the report include key segments, the latest trends, COVID-19 pandemic impact, and significant industry developments.
Drivers and Restraints:
Substantial Expansion of the E-commerce Industry to Drive Market Growth
There has been a significant transition of the homecare industry toward e-commerce with the growing popularity of online shopping. The market is witnessing the growing adoption of the convenience of buying homecare products online by consumers. This factor is encouraging homecare companies to optimize & adapt their digital strategies to cater to the surging customer expectations.
Regional Insights:
North America Leads Fostered by Partnership Strategies by Top Companies
North America captures the largest share of the home care packaging market, which can be credited to the partnership strategies adopted by leading companies in the U.S. to attain globalization. This, along with consumers’ wish to pay more for premium cleaning products and robust presence of key packaging companies is augmenting regional growth.
Comments
0 comment