Market Size of Home Care Packaging Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 35.37 Billion |
Market Size (2029) | USD 46.05 Billion |
CAGR (2024 - 2029) | 5.42 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Home Care Packaging Market Analysis
The Home Care Packaging Market size is estimated at USD 35.37 billion in 2024, and is expected to reach USD 46.05 billion by 2029, growing at a CAGR of 5.42% during the forecast period (2024-2029).
- Packaging trends, such as low cost, ease of use, and easy storage, have remained the major consumer trends in the review period. Small pack sizes, offering affordability to the entire consumer base at large, have emerged as more favorable alternatives among the brand owners to gain a competitive edge in the market. In the face of the continuing pandemic, consumers are prioritizing essentials. Several home care products and cleaners are no longer considered commodities, and the industry was among the best performing in 2020. And, prior to 2020, the home care category was on a downward trend in most markets. Now however, health concerns and months spent at home have had an impact on shopping behavior, and several home care products are now seen as essential in the face of COVID-19.
- Increasing health awareness, improving living standards, and rise in per capita income of people, especially in the developing countries, such as India and Thailand, are some of the factors driving the growth of the home care industry.
- Moreover, a continued focus on health and wellbeing has been observed across the FMCG industry from packaged food and personal hygiene to home cleaning entails a wider lifestyle shift and evolving attitudes towards home care.
- Home care brands are focusing to win over consumers by demonstrating their strengths, such as using naturally derived formulas that do not compromise on efficacy, while keeping on-pack sustainability messages clear and easy to understand.
- Fluctuation in raw material prices nhas challenged the packaging manufacturers in terms of costs and supply. When considering the glass-based applications, in December 2020, Saertex implemented a price increase of 5% for its glass fiber material. The price of glass has been steady with volatility at regular intervals due to stock keeping habit by the packagers globally. And Smurfit Kappa in February 2021 issued a warning over the rising cost of raw materials (waste-paper and paper). As per the company, input prices have also shot up as people have recycled less during the pandemic led threats.
- With the world facing an infectious pandemic, continuous sanitization has become the new normal. From hands to houses, sanitization and hygiene maintenance with utmost care is growing. Despite being a necessary measure, it has been adding to the plastic waste problem. Demand for categories such as cleaning agents, sanitizers, disposable gloves, and masks is growing. And likewise, a heightened volume of these products is also being disposed of daily.
Home Care Packaging Industry Segmentation
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.
Material | |
Plastic | |
Paper | |
Metal | |
Glass |
Type | |
Bottles & Containers | |
Metal Cans | |
Cartons & Corrugated Box | |
Pouches & Bags | |
Other Types |
Products | |
Dishwashing | |
Insecticides | |
Laundry Care | |
Toiletries | |
Polishes | |
Air Care | |
Other Products |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East & Africa |
Home Care Packaging Market Size Summary
The home care packaging market is experiencing significant growth, driven by evolving consumer preferences and increased health awareness. The demand for packaging solutions that offer cost-effectiveness, ease of use, and convenient storage is on the rise, with small pack sizes becoming a popular choice among brand owners. The COVID-19 pandemic has shifted consumer perceptions, elevating home care products from mere commodities to essentials, thereby boosting the industry's performance. Factors such as rising living standards, increased per capita income, and a focus on health and wellbeing, particularly in developing regions like India and Thailand, are propelling market expansion. The industry is also witnessing a shift towards sustainable practices, with brands emphasizing naturally derived formulas and clear sustainability messages to attract consumers.
The Asia-Pacific region is poised to lead the home care packaging market, driven by a growing population, changing lifestyles, and increased demand for home care products. The region's developing markets, such as India and China, are experiencing high retail sales growth, further fueling the industry's expansion. The market is characterized by a competitive landscape with major players focusing on expanding their global presence through strategic collaborations. Innovations in packaging, such as tamper-evidence caps and flexible plastic materials, are gaining traction, offering added value to brand owners. Additionally, the industry is exploring bioplastics and recycling initiatives to enhance sustainability. Despite challenges like raw material price fluctuations, the market continues to evolve, with companies developing packaging solutions that incorporate post-consumer and post-industrial recycling to reduce environmental impact.
Home Care Packaging Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Impact of COVID-19 on the Market
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1.3 Market Drivers
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1.3.1 Product Innovation, Differentiation, and Branding
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1.3.2 Rising Per Capita Income Positively Impacting Purchase Power
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1.4 Market Restraints
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1.4.1 Fluctuations in Raw Material Prices
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1.5 Porters Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Material
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2.1.1 Plastic
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2.1.2 Paper
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2.1.3 Metal
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2.1.4 Glass
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2.2 Type
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2.2.1 Bottles & Containers
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2.2.2 Metal Cans
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2.2.3 Cartons & Corrugated Box
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2.2.4 Pouches & Bags
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2.2.5 Other Types
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2.3 Products
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2.3.1 Dishwashing
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2.3.2 Insecticides
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2.3.3 Laundry Care
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2.3.4 Toiletries
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2.3.5 Polishes
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2.3.6 Air Care
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2.3.7 Other Products
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia-Pacific
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2.4.4 Latin America
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2.4.5 Middle East & Africa
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Home Care Packaging Market Size FAQs
How big is the Home Care Packaging Market?
The Home Care Packaging Market size is expected to reach USD 35.37 billion in 2024 and grow at a CAGR of 5.42% to reach USD 46.05 billion by 2029.
What is the current Home Care Packaging Market size?
In 2024, the Home Care Packaging Market size is expected to reach USD 35.37 billion.