Home Care Packaging Market Trends Expected to Garner a CAGR of 8.5% in the Coming Years
Home Care Packaging Market Trends Overview
The global home care products market has garnered a lot of growth and interest owing to the ameliorating per capita income of individuals in developing nations. Also, the individual preferences of leading a healthier lifestyle with improved living standards also acts as another key factor driving the overall growth of the market. In recent years, the demand for home care products have been on a constant upward trend. This is particularly so because consumers are more health conscious and try to avoid expensive medical care costs. In order to keep up with the demand of the global market, the home care packaging industry has ramped up its offerings to differentiate between various packaging solutions by conveying important information and not negotiating on the safety standards. Needless to say the global Home Care Packaging Market Trends is expected to garner considerable growth in the near future.
Market Research Future (MRFR) has gone on to predict that the global Home Care Packaging Market Trends will garner a projected CAGR of 8.5% during the forecast period of 2017 to 2023.
Research Analysis
Toiletries by product, plastic by material and bottles by packaging type are expected to grow at the highest CAGR
Global Home Care Packaging Market Trends has been segmented based on product, material, packaging type and region. Based on product the market has been segmented as dishwashing, insecticides, laundry care, toiletries, polishes, air care and others. Among these, the toiletries products, is projected to dominate the Home Care Packaging Market Trends through 2023. The dominant position of this segment can be attributed to the rising hygiene concern among all classes of people across the globe. Based on the material, the market is segmented as plastic, paper, metal and glass. Plastic dominated the market in 2016 and is projected to be the fastest-growing material type. The wide application of plastic across all major packaging type is creating fruitful market for plastic as a material for global Home Care Packaging Market Trends. Based on the packaging type, the market is segmented into bottles, cans, cartons, jars, pouches and others. Bottles dominated the market in 2016 and is projected to be the fastest-growing packaging type over the next five years. This is due to their convenience in storage, transporting and flexibility to handle all kinds of home care products.
Key Players
The key players of global Home Care Packaging Market are Amcor Limited (Australia), Mondi (South Africa), Bemis Company, Inc. (U.S.), Rexam plc (U.K), RPC Group (U.K.), Winpak Ltd. (Canada), AptarGroup, Inc. (U.S.), Sonoco Products Company (U.S.), Silgan Holdings (U.S.), and Tetra Laval (Switzerland).
Scope of the Report
This study provides an overview of the global Home Care Packaging Market Trends, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Home Care Packaging Market Trends by its product, by material, by packaging type and by region.
By Product
- Dishwashing
- Insecticides
- Laundry Care
- Toiletries
- Polishes
- Air Care
- Others
By Material
- Plastic
- Paper
- Metal
- Glass
By Packaging Type
- Bottles
- Cans
- Cartons
- Jars
- Pouches
- Others
By Regions
- North America
- Asia Pacific
- Europe
- Rest of the World
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