- The key vendors in the global household care packaging market 2015-2019 are Amcor Ltd., APCO Packaging Inc., Bemis Co. Inc., Coveris and Rexam plc
London, 13 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global household care packaging market 2015-2019. The increase in urbanization and the higher levels of disposable income are key trends being witnessed in this market propelling market growth. The rise in demand for household care products is driving the adoption of packaging material such as glass containers and bottles, rigid plastic containers, stand-up pouches, and flexible packaging. The global household care packaging market 2015-2019 is expected to grow at a CAGR of 2.89% during the forecast period of 2014-2019.
The growing population, increasing number of working women, increase in urbanization, increased disposable income, and growing demand for household care products are boosting the market growth. The market is expected to propagate because of new product innovations, the increase in imports, and active media participation to promote the products.
“The rising number of single person households has led to an increase in demand for small packs of various household products, as these creates opportunities for brand switching because consumers buy products regularly and are not committed to consuming large volumes,” says Faisal Ghaus, Vice President of Technavio Research.
“Retailers prefer small packs because this is a marketing strategy that entices consumers to try new products or new varieties of branded products in small quantities.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
