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Global Baby Care Packaging Market Insight2022-01-04 Comments
The baby care packaging is forecast to crazy increase over the next four years. According to the World Knowledge Information (WKI) “Global Baby Care Packaging Professional Survey Report 2021, Forecast to 2026”, With the rapid improvement of people’s health awareness and the impact of the COVID-19, the baby care packaging industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 5.8% base on WKI regression analysis model.
“In the current scenario, the baby care packaging market is booming, as increasing number of brands are taking significant efforts to improve their designs and packaging quality. ” said Jimmy Joy, Senior analyst, Consumer Goods Market Research Center in WKI. “Industry participants of hand sanitizer must consider safety and eco-friendly to adapt to the rapid development of the market.”
According to the World Bank, the percentage of women in the workforce grew more than 4% in the last decade. As many working mothers return to their jobs shortly after giving birth, prepared baby foods and formulas provide an appealing alternative for working mothers, bridging their desires for healthy, nutritious food with their need for convenience. This creates huge market opportunities for the baby food packaging industry. Nowadays, even mothers are feeding their babies food from squeezable pouches that eliminate the need for spoons, bowls and even bibs. There are still some factors that market participants must consider. With environmental concerns impacting the packaging industry, eco-friendly will be one of the focuses of future hand sanitizer development.
In May 2019 – Sonoco signed a definitive agreement to acquire Corenso Holdings America, a leading U.S. manufacturer of uncoated recycled paperboard (URB) and high-performance cores used in the paper, packaging films, tape, and specialty industries for approximately USD 110 million. And in May 2018 – Johnson & Johnson decided to relaunch its baby- care products. The new products had more natural products and avoided chemicals like sulfates, parabens, phthalates, artificial fragrances which is harmful to the children. Some established companies in the baby care packaging market are working to improve their designs and use attractive colors to attract customers’ attention. More and more market participants will participate. Some of the leading players will include in our report: Amcor Limited, Silgan Holdings, Ball Corporation, Bennison, Can-Pack, DS Smith, Flipflop Design, RPC Group, Amcor, Mondi Group and others.
Segmentation of Baby Care Packaging Market:
According to the type, the market for hand sanitizers is divided into plastic, paper, metal and other types. Gel-based hand sanitizers are cost-effective and easy to use. In material, plastic is one of the most used packaging materials due to its lightweight nature which helps in carrying the products very easily. The baby food industry covers a major part of the baby care packaging industry. Moreover, stand up pouches with sprouts is also popular because it offers the ease to squeeze the baby food and also avoiding wastage. The Flexible Packaging Association (FPA) survey of 2,120 consumers, consumers placed a high value on the packaging that is “easy to store,” “easy to reseal,” and “easy to open.” Consumers in the survey also said they are willing to pay more for benefits like “ability to reseal,” “ability to extend product life,” “easy to store” and “easy to open.”
Baby Care Packaging Market: Regional Analysis
In terms of geography, the global hand sanitizer market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. With the growth of baby food sales in developing nations like India, it can be inferred that the globally the baby food industry will flourish. The increasing population and rising birth rate are aiding the growth of the baby food market which in return will help in flourishing the baby food packaging industry. Asia Pacific region is expected to witness high growth during the forecast period owing to the increased use of packaged baby food products by the urban population. With the rising disposable income of people in the emerging economies and their busy lifestyles are also boosting the growth of the baby food packaging market in the Asia Pacific region. Moreover, in China, the two-child policy which was effective from 2016, created a huge opportunity for child care products. With increasing purchasing power and rise in the number of working women in China, it is expected that child care product market will flourish which in return will create a market for baby care packaging market.
Largest share area：Asia Pacific
Largest share country：China