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 |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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).
The home care packaging market comprises products designed for cleaning and hygiene purposes. Packaging is vital, as safety, functionality, and ease of use are key factors. The need for home care products is increasing globally due to rapid urbanization, rising living standards, and growing awareness about overall health and well-being.
- The market is growing due to the rising adoption of compact packages that are affordable and easy to use and store. There is a significant shift in consumer preferences toward flexible packaging, and the focus is increasingly on consumer-oriented packaging production, boosting the market's growth.
- Packaging trends, such as low cost and ease of use and storage, have stayed the major consumer trends in the market. Small pack sizes, offering affordability to the entire consumer base, emerged as more favorable alternatives among the brand owners to gain a competitive edge in the market.
- The market for homecare packaging solutions is expanding rapidly due to improved awareness of health and hygiene, further accelerated by the global pandemic. Consumers prioritize their well-being and safety, so the need for innovative and efficient homecare packaging solutions is growing.
- Increasing health awareness, improving living standards, and raising the per capita income, especially in emerging countries such as India. For instance, India’s per capita net national income (at current prices) for 2022-23 stands at INR 172,000, according to the National Statistical Office (NSO). This marks an almost 100% increase from the per capita income in 2014-15. Such factors drive the growth of the home care industry.
- Moreover, home care brands focus on winning over consumers by demonstrating their strengths, such as using naturally derived formulas that do not compromise efficacy while keeping on-pack sustainability messages clear and easy to understand.
- Fluctuation in raw material prices has challenged the packaging manufacturers regarding costs and supply. The plastic packaging industry has been witnessing a surge in the prices of all plastic materials, which has been attributed to several factors. Cost inflation was significant and broad-based, affecting raw materials, labor, distribution, and energy.​
Home Care Packaging Industry Segmentation
Packaging of the products that are used regularly in household chores/activities is called home care packaging. The home care packaging market tracks the service revenue accrued by the packaging industry of home care/ household care products using various materials, types, and products mentioned in the scope. The revenue from the packaging of non-consumables, like cleaning tools, is not considered part of the scope. B2b/heavy-duty/bulk products are also not part of the scope.
The home care packaging market is Segmented by material (plastic, paper, metal, glass), type (bottles and containers, metal cans, cartons and corrugated boards, pouches and bags, and other types), product (dishwashing, insecticides, laundry care, toiletries, polishes, air care, and other products), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Material | |
Plastic | |
Paper | |
Metal | |
Glass |
By Type | |
Bottles and Containers | |
Metal Cans | |
Cartons and Corrugated Box | |
Pouches and Bags | |
Other Types |
By Products | |
Dishwashing | |
Insecticides | |
Laundry Care | |
Toiletries | |
Polishes | |
Air Care | |
Other Products |
By Geography* | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East and 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 INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 By 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 By Type
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2.2.1 Bottles and Containers
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2.2.2 Metal Cans
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2.2.3 Cartons and Corrugated Box
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2.2.4 Pouches and Bags
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2.2.5 Other Types
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2.3 By 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 By 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 and 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.