Home Care Packaging Market Share 2021 Strategies to Boost Growth, Development, Manufacturers, Industry Size, Trends with Covid-19 Impact till 2026 | Amcor PLC, Ball Corporation, RPC Group, Winpak Ltd

The "Home Care Packaging Market" provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the Market’s growth. The rise in the aviation sector is escalating the growth of the Home Care Packaging Market. Increased adoption of superior technology consisting of synthetic intelligence and system learning, a developing quantity of records and growing utility of records answers through an extensive variety of ends person verticals consisting of banking, economic services, and insurance, authorities and public sector, telecommunications and IT, energy, healthcare and others are the foremost elements as a consequence of the increase of the market.

Key players in the global Home Care Packaging Market covered:

Amcor PLC, Ball Corporation, RPC Group, Winpak Ltd, AptarGroup Inc., Sonoco Products Company, Silgan Holdings, Tetra Laval International SA, DS Smith PLC, Can-Pack SA, ProAmpac

Recent Development:

- April 2019 - RPC Promens introduced its Varibox IBC in the United Kingdom and Ireland, offering the ideal solution for the safe and cost-effective handling of hazardous chemicals. Roto-molded in polyethene, the Varibox features an inner container enclosed within a strong outer cover and incorporates a special discharge valve for easy dispensing of the product with no need to remove a cap. To meet the specific needs of the UK and Irish markets, the standard 2-way secured entry pallet has been augmented with the availability of a 4-way secured entry version, allowing even greater flexibility in the movement of the container by a forklift or pallet jack without compromising on safety.
- December 2017 - Winpak Ltd announced that American Biaxis Inc. (ABI) started work on an expansion to add an annual production capacity of 11,000 to 14,000 metric tons of biaxially oriented polyamide (BOPA) films for sale in North America. The subsidiary plans to invest over USD 40 million USD on the project including the facility and equipment. The additional BOPA film production is expected to be available to customers in the second half of 2019.

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Market Overview:

The home care packaging market was valued at USD 94.45 billion in 2020 and is expected to reach USD 160.96 billion by 2026, and grow at a CAGR of 8.5% over the forecast period (2021 - 2026).

-Packaging trends, such as low cost, ease of use, and easy storage, have remained the major consumer trends in the review period. Small pack sizes, offering affordability to the entire consumer base at large, have emerged as more favourable alternatives among the brand owners to gain a competitive edge in the market.
- Increasing health awareness, improving living standards, and rise in per capita income of people, especially in the developing countries, such as India and Thailand, are some of the factors driving the growth of the home care industry.

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Key Market Trends

Flexibility, Strength, and Durability of Plastic Make it Ideal for Packaging

The wide usage of plastic through all major packaging types is creating a market for plastic as a material. The flexibility, strength, and durability of the material make it ideal for the packaging of many liquids, cream, and powder products in the industry. Compared to other materials available in the market, plastic remains highly flexible and can be mould into any shape. Growth in demand from the retail industry, increasing dual-income households, and rising demand for PET bottles are the major drivers for plastic products.

Key questions answered in this report:

What are the current market trends and dynamics in the circulating Home Care Packaging market and valuable opportunities for emerging players?
Estimated forecast and market projections up to 2026
Which segment accounts for the fastest CAGR during the forecast period?
Which is the largest regional market for circulating the Home Care Packaging market?
What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
The worldwide market value of the circulating Home Care Packaging market in 2021 and 2026
Which are the key trends driving the global circulating Home Care Packaging market growth?
Who are the leading service providers in the circulating Home Care Packaging market worldwide?

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Asia-Pacific is Leading the Demand in Homecare Packaging Market

The Asia-Pacific home care product industry is forecast to lead the industry due to the increasing population, new demand for home care products, and changing lifestyles. Growth in this region is expected mainly in the developing markets, such as India and China, due to high retail sales growth. Higher sales growth percentage of consumer goods and rising consumer expenditures are the key factors boosting the home care products industry. The FMCG industry in India has significantly contributed to the growth of home care products in the country. According to IBEF, the FMCG market in India is expected to witness a CAGR of 20.6% and is expected to reach USD 103.7 billion by 2020 from USD 49 billion in 2016.

Effect of COVID-19:

Home Care Packaging Market report investigates the effect of Coronavirus (COVID-19) on the industry. Since December 2019, the COVID-19 infection has spread to practically 180+ nations around the world with the World Health Organization pronouncing it a general wellbeing crisis. The worldwide effects of the Covid infection 2019 (COVID-19) are now beginning to be felt, and will essentially influence the market in 2020

Report Customization:

The Global Home Care Packaging Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide 25% customization for any of our MID reports at no additional cost to all of our clients.

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This release was published on openPR.