Home Care Packaging Global Market Report 2024 by The Business Research Company | Amcor plc, Sonoco Products Company, Ball Corporation, Resources Planning Consultants Group, Winpak Ltd., AptarGroup Inc., Silgan Holdings Inc., DS Smith plc, Canpack SA, ProA

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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Home Care Packaging Market Major Segments
The home care packaging market covered in this report is segmented -

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

Key Driver - Rising Health Awareness Drives Home Care Packaging Market Growth

Increasing health awareness is contributing to the growth of the home care packaging market. People's health awareness has improved due to the COVID-19 epidemic, which has led to greater usage of disinfectants globally in public buildings, transportation, hospitals, nursing homes, wastewater treatment facilities, and even common families to reduce the virus load. As a result, there has been a surge in demand for home care packaging products such as detergents, surface cleaners, air fresheners, and other such items. For instance, Amazon has experienced 30% year-over-year sales growth in the household cleaning products market. Therefore, increasing health awareness is expected to propel the growth of the home care packaging market going forward.

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Prominent Trend - Collaborations And Partnerships Drive Expansion And Innovation In The Home Care Packaging Market

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. For instance, in December 2021, Sonoco, a US-based packaging company acquired Ball Metalpack, a US-based company that produces aerosol cans, closures, and other packaging components for $1.35 billion in cash. This acquisition will boost Sonoco's consumer packaging division. Additionally, in August 2023, Amcor plc, an Australia-based packaging company, acquired Phoenix Flexibles Pvt. Ltd. for an undisclosed amount. The acquisition is expected to help Amcor plc expand its capacity in the high-growth Indian market, particularly in the food, home care, and personal care applications. Phoenix Flexibles Pvt. Ltd. is an India-based packaging company that offers flexible packaging solutions with a focus on sustainable packaging.

Home Care Packaging Market Players
Major companies operating in the home care packaging market include 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, Tetra Laval International SA, Constantia Flexibles Group GmbH, Essel Propack Ltd., International Paper Company, WestRock Company, Smurfit Kappa Group plc, Oji Holdings Corporation, Packaging Corporation of America, Huhtamaki Oyj, Gerresheimer AG, Berry Global Group Inc., Libo Cosmetics Co. Ltd., Alpenplastik Lehner Alwin GmbH, Chinese cosmetic packaging company, Sealed Air Corporation, Coveris Holdings SA, Graphic Packaging International LLC, Tekni-Plex Inc., Uflex Ltd.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the home care packaging market in 2023. The regions covered in the home care packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Home Care Packaging Market Report Structure
3. Home Care Packaging Market Trends And Strategies
4. Home Care Packaging Market - Macro Economic Scenario
5. Home Care Packaging Market Size And Growth
…..
27. Home Care Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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