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Home Care Packaging Market Size, Technological Advancement Industry Growth, Scope and Forecast 2033
Home Care Packaging Global Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Home Care Packaging industry. This report on Home Care Packaging market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The home care packaging market size has grown rapidly in recent years. It will grow from $112.25 billion in 2023 to $123.64 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to increased convenience packaging, increased importance of sustainability, increased branding and shelf appeal, demand for child-resistant packaging, increased aging population.
The home care packaging market size is expected to see rapid growth in the next few years. It will grow to $181.27 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to increasing health and safety concerns, e-commerce expansion, aging-in-place trend, increasing demand for personalization, increasing regulatory changes. Major trends in the forecast period include smart packaging, convenience and portability, tamper-evident seals, customization and personalization, visual appeal and branding.
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Key Market Players:
Amcor PLC, Sonoco Products Company, Ball Corporation, Resources Planning Consultants Group, Winpak Ltd., AptarGroup Inc., Silgan Holdings Inc., DS Smith PLC, Canpack SA, ProAmpac LLC, Mondi PLC are prominent players in the Home Care Packaging industry.
Market Drivers:
According to the Home Care Packaging Market Report 2023 by The Business Research Company, the key factors driving the growth of the Home Care Packaging market, includes Collaborations and partnerships have emerged as a key trend in the home care packaging market. Major companies operating in the home care packaging sector are focused on strategic collaborations and partnerships to expand their reach and meet consumer demand.
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Market segments for Home Care Packaging include:
1) By Packaging Type: Bottles And Containers, Metal Cans, Cartons And Corrugated Box, Pouches And Bags, Other Packaging Types
2) By Material: Plastic, Paper, Metal, Glass
3) By Product: Dishwashing, Insecticides, Laundry Care, Toiletries, Polishes, Air Care, Other Products
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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