North America Home Care Packaging Market: Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation by Grade, Product, End User Industry, and Region.
North America Home Care Packaging Market was valued at US$ 5.25 Bn. in 2020. Global North America Home Care Packaging Market size is estimated to grow at a CAGR of 7.45%.
Format : PDF | Report ID : SMR_206
North America Home Care Packaging Market Overview:
Home care packaging is a durable material of packaging, which is used to safeguard and protect the contents from microbial contamination. It also ensures effective usage and maximum efficiency and offer security during the storage and transportation.
In the North America Home Care Packaging Market, adoption of home care products, shift in consumer behaviour where households used to hoard the supplies, online penetration and emphasis on self-care and health care by consumers are expected to drive demand for home care packaging. With the demand for home care products, the home care packaging market operating key players have ramped up its offerings to differentiate between multiple packaging solutions, conveying useful information without compromising on the safety standards.
North America Home Care Packaging Market Dynamics:
An increase in health and hygiene accessibility, rise in penetration of white goods, high literacy rate, growing per capita spending, penetration of e-commerce are some of the driving factors behind the North America home care packaging market growth.
High Per Capita Income Positively Impacting the Purchase Power for Household Cleaning Products
The USA is expected to contribute more than 40% share in the North America home care packaging market. The maximum share in the market is attributed to the rise in use of e-commerce channels to procure home care products by consumers. High per capita income positively impacting the purchase power for household cleaning products in North America. According to the Organisation for Economic Co-operation and Development, the United States has reported more than 13 trillion expenditures towards the household spending. The region has a high presence of Disposable personal income population, which is expected to drive the market growth. United States annual household expenditure per capita has reached US $ 14.5 Mn in 2020,
North America Home Care Packaging Market Segment Analysis:
Plastic packaging: Hold the Dominant Position
Many consumers are making big investment in their home and property. Thousands of products are available in the North America home care packaging market. Home and industrial cleaners require packaging that matches the product's function. Plastic packaging material for spray, soap and other light cleaners, jugs or buckets make it easy to use products directly from the package. It is available in a variety of styles, capacities and colors for protection of home care bottles and other products. PET plastic has excellent clarity, and good resistance to breakage, which make it a good choice for cleaning products. For a more durable and impact-resistant container, HDPE and LDPE bottles are good options, which will protect the materials inside from moisture and varying temperatures. PP plastic bottles are also shatterproof and heat resistant.
North America Home Care Packaging Market Regional Insights:
United States: Major Contributor in North America Home Care Packaging Market
United States country has a high consumer base for Home Care Products. An increase in preference of home care products among individuals for healthier lifestyle drives the adoption of home care packaging solution. Household products like dish wash liquids, toilet cleaners, and floor cleaning acids are commonly packed in PET bottles. A demand for home healthcare products is driven by benefits like durability, cost benefits, and versatility.
North America Home Care Packaging Market Competitive Landscape:
In North America, a demand for reusable packaging solutions for home care products are increasing. Key players operating in the market are focusing to deploy suitable solution for home care products packaging. For instance, Blueland, which is a start-up based in the USA delivers detergent as tablets, which need to be mixed with water to make the final product.
In 2020, Borealis and Menshen GmbH has launched new packaging closures made of post-consumer recycled resin to transform polyolefin-based waste streams into value-adding versatile solutions.
In 2020, Gualapack has launched the 100% mono-material recyclable pouches, which offers a sustainable packaging solution for drinks and juices, beauty and personal care products.
The objective of the report is to present a comprehensive analysis of the North America Home Care Packaging Market to the stakeholders in the industry. The report provides trends that are most dominant in the North America Home Care Packaging Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the North America market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the North America Home Care Packaging Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the North America Home Care Packaging Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the North America market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the North America Home Care Packaging Market. The report also analyses if the North America Home Care Packaging Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the North America Home Care Packaging Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the North America Home Care Packaging Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the North America market is aided by legal factors.
North America Home Care Packaging Market Scope:
North America Home Care Packaging Market
Market Size in 2020:
US $ 5.55 Bn.
Market size in 2027:
US $ 9.15 Bn.
North America Home Care Packaging Market Key Players:
- Mondi Group
- RPC Group
- Silgan Holdings
- Tetra Laval
- DS Smith Plc
- CAN-PACK S.A.
- Prolamina Packaging.
Frequently Asked Questions
The segments covered in the North America Home Care Packaging Market report are based on Grade, Products, and End user industry.
The USA is expected to hold the highest share in the North America Home Care Packaging Market.
The market size of the North America Home Care Packaging Market by 2027 is US$ 9.15 Bn.
The forecast period for the North America Home Care Packaging Market is 2020-2027.
The market size of the North America Home Care Packaging Market in 2020 was US$ 5.55 Bn.
Chapter 1 Scope of the Report
Chapter 2 Research Methodology
2.1. Research Process
2.2. North America Home Care Packaging Market: Target Audience
2.3. North America Home Care Packaging Market: Primary Research (As per Client Requirement)
2.4. North America Home Care Packaging Market: Secondary Research
Chapter 3 Executive Summary
Chapter 4 Competitive Landscape
4.1. Market Share Analysis, By Region, 2021-2027(In %)
126.96.36.199. North America Market Share Analysis, By Value, 2021-2027 (In %)
4.2. Market Dynamics
4.2.6.PORTERS Five Force Analysis
4.2.7.Value Chain Analysis
4.3. North America Home Care Packaging Market Segmentation Analysis, 2021-2027 (Value US$ MN)
188.8.131.52.North America Market Share Analysis, By Material, 2021-2027 (Value US$ MN)
184.108.40.206. North America Market Share Analysis, By Type, 2021-2027 (Value US$ MN)
220.127.116.11.1.Bottles & Containers
18.104.22.168.3.Cartons & Corrugated Box
22.214.171.124.4.Pouches & Bags
126.96.36.199. North America Market Share Analysis, By Products, 2021-2027 (Value US$ MN)
188.8.131.52. North America Market Share Analysis, By Country, 2021-2027 (Value US$ MN)
Chapter 5 Stellar Competition Matrix
5.1.1.North America Stellar Competition Matrix
5.2.Key Players Benchmarking
5.2.1.Key Players Benchmarking By Material, Pricing, Market Share, Investments, Expansion Plans, Physical Presence and Presence in the Market.
5.3.Mergers and Acquisitions in Products
5.3.1.M&A by Region, Value and Strategic Intent
Chapter 6 Company Profiles
6.1. Key Players
6.1.11.DS SMITH PLC