Home Care Packaging Market Overview
In the recent years, home care products market has witnessed a lot of growth due to the increasing per capita income of individuals in the developing countries, and their preference to lead a healthier lifestyle. Improving standards of living, also act as a key factor for the growth of the market. Demand for home care products has been on an upward trend, especially, as the consumers, with growing health awareness, tend to avoid expensive medical care costs. To keep up with this demand, home care packaging industry has ramped up their offerings to differentiate between multiple packaging solutions, conveying useful information, without compromising on the safety standards. The packaging market for home care products is set to record high growth during the forecast period.
Market Research Future (MRFR) has gone on to predict that the global home care packaging market will garner a projected CAGR of 8.5% during the forecast period of 2017 to 2023.
The global market for home care products is growing significantly due to increasing adoption of home care packages in developed economies. However, it is expected to witness an increase in demand in developing countries in near future due to the growing awareness about home care services. Growing health awareness, improving standards of living, and increase in per capita income of people are some of the reasons driving the growth of home care industry. Currently, there are number of players engaged in the business of home care product manufacturing. Wide range of product availability and variation in prices, also fuel the market growth. Packaging innovation, and technological developments for better results, are some other factors driving the market growth.
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Key Players
The global home care packaging market includes a vast pool of prominent companies, including names like
- Winpak Ltd. (Canada)
- Bemis Company, Inc. (U.S.)
- Amcor Limited (Australia)
- Tetra Laval (Switzerland)
- Mondi (South Africa)
- Sonoco Products Company (U.S.)
- AptarGroup, Inc. (U.S.)
- Rexam plc (U.K)
- RPC Group (U.K.)
- Silgan Holdings (U.S.) and others.
Industry News
May 21st, 2019, Colgate-Palmolive announced its plans of stretching its commitment towards the environment by joining the TerraCycle’s Loop initiative for refillable, reusable packaging.
Scope of the Report
This study provides an overview of the global home care packaging market, 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 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
Regional Analysis
The geographical segmentation of the global home care packaging market covers the following regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW).
The global home care packaging market is expected to grow at a striking pace over the forecast period as was mentioned earlier. A major part of this growth can be owed to the dominance of Asia Pacific. The region accounted for the largest share in the home care packaging market back in 2016 and made significant contributions to the global landscape. The rising population base herein coupled with the booming economic growth have led to the booming demand for home care products. This has subsequently resulted in the proliferating growth of the home care packaging market in this region. The region is duly aided by the presence of countries like China and India, which other than being two of the major developing economies are also two of the most populated nations across the globe. The presence of these countries significantly aid in the overall growth of the regional market.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continues……
LIST OF FIGURES
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 MARKET DYNAMICS
FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS
FIGURE 6 PORTER’S FIVE FORCES ANALYSIS
Continues……
LIST OF TABLES
TABLE 1 GLOBAL HOME CARE PACKAGING MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA HOME CARE PACKAGING MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE HOME CARE PACKAGING MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC HOME CARE PACKAGING MARKET: BY COUNTRY, 2017-2023
TABLE 5 ROW HOME CARE PACKAGING MARKET: BY COUNTRY, 2017-2023
TABLE 6 GLOBAL HOME CARE PACKAGING MARKET, BY PRODUCT, BY REGIONS, 2017-2023
Continues…..
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