Home Care Packaging - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Home Care Packaging Market is accounted for $85.27 billion in 2018 and is expected to reach $193.00 billion by 2027 growing at a CAGR of 9.5%. Improving standards of living and increasing per capita income of individuals in the developing countries is likely to boost the growth of the market. However, Packaging can be bulky, expensive are likely to hamper the profit boundaries.
Homecare Packaging refers providing packages to the household products. As the demand for household products is reaching sky high day by day owing to a rapid increase in the people opting for home care services than medical care services from hospitals, the world Homecare packaging market in return is vitally establishing its growth. Rise in per capita income, preference in leading a healthier lifestyle are seen as the boosting factors that are accelerating the market globally. As the technology is dynamically changing day-by-day, it is even one or the other way is a responsible factor for the world homecare packaging market.
Based on the product, Home care packaging innovations have been numerous, particularly in laundry care, in spite of the industry’s modest growth. While sales are stagnating in developed countries, developing markets are driving volume sales through small pack sizes that make laundry detergent affordable to all. Furthermore, offering more functional packaging remains key, globally, while consumers are demanding more eco-friendly packaging and brand owners are working toward a more circular economy. By geography, Asia-Pacific region is dominating the market 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.
Some of the key players in the Home Care Packaging Market include Winpak Ltd, Tetra Laval International SA, Sonoco Products Company, Silgan Holdings, RPC Group, ProAmpac, DS Smith PLC, Can-Pack SA, Bemis Company, Ball Corporation, AptarGroup Inc and Amcor Limited
• Laundry Care
• Air Care
• Other Products
• Metal Cans
• Other Types
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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