The Global Home Care Packaging market was valued at USD 42.63 billion in 2021 and is expected to reach USD 70.63 billion by the year 2028, at a CAGR of 7.48%
Home care packaging market trend like low cost, the ease at the use and the easy availability of the market has always been the major factors to drive the growth of the Home Care Packaging market. Small pack sizes and the affordability to the manufacturers and the consumers, has arisen as the new edge for the competitors for the market trend. The home Care Packaging market is expected to show high demand and growth in CAGR because of the factors like development in industries like wholesale and retail markets and all the manufacturers driving the market due to the large demand from the consumers.
Major market players especially from the chemical industry are raising a high demand for the packaging segment, especially the bottles and cans which is driving the growth of the Home Care Packaging market and is expected to have a high CAGR in the forecast period. The major market growth for the Home Care Packaging market is due to the growing need in the paint and coatings industry from the manufacturers and major key players of the market.
Leading Key Players Covered in Home Care Packaging market:
- Amcor PLC
- Ball Corporation
- RPC Group
- Winpak Ltd
- Aptar Group Inc
- Sonoco Products Company
- Silgan Holdings
- Tetra Laval International SA
- DS Smith PLC
- 10 Can-Pack SA
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These companies are devising key strategies such as acquisitions, merges, collaborations, partnerships, new product launches, regional expansions, and targeting untapped markets to gain competitive advantage over other players working in the market.
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Segmentation of Home Care Packaging market:
By Material:
- Plastic
- Paper
- Metal
- Glass
- Others
By Packaging Type:
- Bottles
- Cans
- Cartons
- Jars
- Pouches
- Others
Geographic Segment Covered in the Report
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Reasons to Purchase this Market Report:
- Market forecast analysis through recent trends and SWOT analysis
- Home Care Packaging Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
- Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
- Home Care Packaging Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
- Competitive environment related to the Home Care Packaging market share for key players, along with new projects and strategies that players have adopted over the past five years
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