Home Care Packaging Market| COVID-19 Analysis

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The global home care products market has garnered a lot of growth and interest owing to the ameliorating per capita income of individuals in developing nations. Also, the individual preferences of leading a healthier lifestyle with improved living standards also acts as another key factor driving the overall growth of the market.

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.

Segmentation

By material, the market comprises metal, plastic, glass, and paper. The plastic segment dominated the market back in 2016 and is expected to lead the market category in the near future. The vast pool of applications of plastics for varying packaging types is creating a market of opportunity and growth for the segment.

By packaging type, the market divides into cartons, bottles, jars, cans, pouches, and others. The bottles segment holds the dominant position and leads with the highest share percentage. The segment is further projected to be the fastest-growing packaging type due to the convenience it offers in terms of flexibility, storage, and transporting to handle different home care products.