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Before the pandemic period, the home care category was on a downward trend across developing markets. Currently, health concerns and months spent at home have impacted on shopping behaviour of consumers for home care products, which is expected to drive the need for packaging. The sales for home care products are stagnating in developed countries. In the developing market, the volume sales of home care products are expected to grow through small pack sizes that make product affordable. consumers are demanding more eco-friendly packaging and brand owners are working toward a circular economy. According to the SMR analysis, some of the market projections are as follow:
Home Care Packaging Market Report Scope and Research Methodology:
The research provides an in-depth analysis of the market, including key stakeholders in the Home Care Packaging industry. The volume, income, production, and sales of the market are all detailed in the Home Care Packaging market research. It clearly illustrates the market’s historical and current state, as well as anticipated trends and Home Care Packaging market size. The report used different research approaches, such as interviews, surveys, and so on, to fully understand customer behaviour.
The SMR report is the outcome of multiple approaches utilised in the study, including PORTER, PESTLE, and SWOT analysis, as well as a bottom-up approach to estimating the Home Care Packaging market size. These methodologies were utilised in the study to provide light on the important financial aspects on which key firms must concentrate when identifying competitio and formulating market strategies.
Home Care Packaging Market Overview:
Stellar Market Research has released a research titled Home Care Packaging Market, which includes Manufacturers, Regions, Types, Applications, Segments, and Forecast to 2029. The study analyses insights in light of the Home Care Packaging market, as well as its ever-changing patterns, industry environment, and other leading market elements.
Home Care Packaging Market Size was valued at US$ 29.56 Bn. in 2020. Global Home Care Packaging Market size is estimated to grow at a CAGR of 4.69 %.
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Home Care Packaging Market Segmentation:
The plastic is widely preferred for packaging because of its features like flexibility, strength, and durability. It’s ideal usages through all major packaging types creates demand for plastic. With compare with the other packaging material, plastic remains highly flexible and can be mold into any shape. High demand from the retail industry, increase in-income households and demand for PET bottles are some of the factors, which drives the plastic packaging adoption. In the home care packaging market, a gradual shift in customer preference toward adopting flexible plastic packaging over its rigid counterpart has witnessed. Flexible plastic packaging materials are 80% lighter in weight over rigid plastic materials. Key players are developing packaging solution, which contains less virgin material and high rate of post-consumer recycling.
Home Care Packaging Market Key Players:
Amcor Limited (Australia)
Ball Corporation (USA)
RPC Group (UK)
Winpak Ltd. (Canada)
AptarGroup Inc (USA)
Mondi (South Africa)
Bemis Company Inc. (U.S.)
Rexam plc (U.K)
Sonoco Products Company (U.S.)
Silgan Holdings (U.S.A)
RPC Group (U.K.)
Constantia Flexibles Group GmbH (Austria)
DS Smith PLC (U.K)
Can-Pack SA (Poland)
Winpak Ltd. (Canada)
Sonoco Products Company (U.S.)
Silgan Holdings (U.S.)
ProAmpac LLC
Tetra Laval (Switzerland)
Home Care Packaging Market Regional Insights:
The Home Care Packaging The market report includes a detailed analysis of market size, dynamics and market share in regions: North America, Europe, Asia Pacific, South America and Middle East and Africa.
Key Questions answered in the Home Care Packaging Market Report are:
Key Offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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