The global baby care packaging market size is predicted to grow at a robust CAGR from 2024 to 2032.
The increasing demand for the product can be attributed to the rising birth rates, especially in developing countries in the Asia Pacific such as India and China. Attractive packaging and wide variety of options are expected to boost the market growth during the forecast period.
Fortune Business Insights presents this information in its report titled “Baby Care Packaging Market, 2024-2032.”
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Segmentation:
On the basis of segment type, the market is divided into a material such as plastic, paper, metal, and glass.
Based on product type, the market is segmented into bottle, can, tube and pouches.
According to the application, the market is fragmented into food, apparel, health, and personal care.
Region-wise, the market is segregated into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into the regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Recent industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers and Restraints:
Increasing Usage of the Product to Bolster Market Growth
The key factors driving the market for baby care packaging include the surging demand for baby care products, and eco-friendly and attractive packaging. The different types of products include hair care, skin care, and baby food, among others. The worldwide demand for the products is increasing because of their fine quality products and attractive and eco-friendly packaging.
Increase in the awareness of hygiene and sanitation, the demand for the product is increasing due to the rise in demand in the market. One of the key drivers of the market is the gain in demand for the product due to the increasing birth rates, especially in India and China.
Metal fabric and glass are expected to gain impetus and are anticipated to occupy less market share. Plastics are the most used material for product packaging and are said to show the dominant growth because of their superior properties such as versatility, non-reactive nature, and being lightweight. This enables the safe and secure delivery of baby products. The aforementioned factors will have a positive impact on the market growth over the projected timeframe.
Regional Insights:
Asia Pacific to Hold the Largest Share of the Market
Asia Pacific is expected to be the leading market that would show significant growth and dominance from 2024 to 2032. Parents in this region are found to be more eager to provide their babies with the best. Innovative baby care products and different types of products will drive the market in the forecast period.
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Competitive Landscape:
Market Players Focus on New Product Launches to Strengthen Market Position
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launching new, technologically-advanced products in the market. Some companies also adopt partnerships, mergers, and acquisitions to strengthen their market position.
Key Industry Development:
- March 2024: NUK launched NUK for Nature which consisted of cups, plates, baby utensils, and so on. All the products used by Nature Collection are recycled and recyclable packaging with instructions on how to dispose of them sustainably from How2recycle.
List of Key Players Mentioned in the Report:
- Mondi Group (U.K.)
- Johnson and Johnson (U.S.)
- Amcor plc (Australia)
- WestRock Company (U.S.)
- Tetra Laval Pvt Ltd. (Switzerland)
- Sonoco Products Company (U.S.)
- Bo International
- Smurfit Kappa Group (Ireland)
- ProAmpac LLC., (U.S.)
- American Packaging Corporation (U.S.)