A recent report published by Infinium Global Research on homecare packaging market provides in-depth analysis of segments and sub-segments in the global as well as regional homecare packaging market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional homecare packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global homecare packaging market. According to the report, the global homecare packaging market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Homecare packaging encloses and protects homecare products such as dishwashing liquids, insecticides, laundry care, toiletries, polishes, and air care products for distribution, storage, sale, and use. Homecare packaging include high-quality embossing, easy openings or advanced package re-closure systems. They are used to give the products a unique tactile feel, an improved visual appearance, and an enhanced customer experience. These packagings provide physical and barrier protection, branding and other features that add convenience in distribution, handling, stacking, display, sale, opening, reclosing, using, dispensing, reusing, recycling, and ease of disposal.
The growing demand for homecare products owing to changing lifestyles rising awareness about health and hygiene, as well as a considerable increase in per capita income, is driving the growth of the homecare packaging market. In addition, the increasing promotional activities by well-known brands such as Tide, Aerial and several others favor the growth of the homecare packaging market. Furthermore, the homecare packaging manufacturers are increasing their product innovations to differentiate between multiple packaging solutions that convey usefully information, without compromising on the safety standards, in turn promoting the growth of the homecare packaging market. However, growing environmental regulations hamper the growth of plastic and synthetic products used in homecare packaging. Moreover, the rising investments by several companies to provide environment-friendly and well-designed packaging to attract customers is anticipated to provide beneficial growth opportunities for the homecare packaging market over the forecast period.
Among the regions, Asia Pacific dominates the global homecare packaging market and is anticipated to grow with the highest CAGR over the forecast period. The high population, growing usage of homecare products in Asian countries such as China, Japan and India contribute to the growth of the Asia Pacific homecare packaging market. The growth of the Asia Pacific homecare packaging market is also due to the increasing emphasis on hygiene and cleanliness to reduce healthcare cost. The presence of several homecare product manufacturers, as well as the expansion of the packaging industry in the Asia Pacific countries, favors the growth of the homecare packaging market in this region. North America holds the second largest share in the global homecare packaging market owing to the high disposable income, increased spending on homecare products and better lifestyles of the people in this region.
The report on global homecare packaging market covers segments such as material, product type, and homecare products. On the basis of material, the sub-markets include plastic, paper, metal, and glass. On the basis of product type, the sub-markets include bottles, cans, cartons, jars, pouches, and other product types. On the basis of homecare products, the sub-markets include dishwashing, insecticides, laundry care, toiletries, polishes, air care, and other homecare products.
The report provides profiles of the companies in the market such as Amcor Limited, Mondi Group, Bemis Company, Inc., Rexam plc, RPC Group plc, Winpak Ltd., Sonoco Products Company, Silgan Holdings, AptarGroup, Inc., DS Smith Plc, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of homecare packaging market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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