Hand Care Packaging Market Trends and Forecast
The future of the global hand care packaging market looks promising with opportunities in the hand cleanser and hand cream markets. The global hand care packaging market is expected to grow with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are increased focus on hand hygiene and personal care and growing demand for sustainable and eco-friendly packaging solutions.
• Lucintel forecasts that plastic is expected to witness higher growth over the forecast period.
• Within this market, hand cleanser is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Hand Care Packaging Market
• United States: In the United States, there has been a notable trend towards sustainable and recyclable packaging solutions in the hand care sector. Companies like Procter & Gamble and Johnson & Johnson have announced initiatives to reduce plastic waste in packaging by using more recycled materials and exploring biodegradable options. The U.S. government has also introduced incentives and regulations to encourage eco-friendly packaging practices among manufacturers.
• India: IndiaÄX%$%Xs hand care packaging market is experiencing growth due to increasing urbanization and hygiene awareness. Companies such as Hindustan Unilever and Dabur have set targets to expand their market share by introducing premium packaging designs and focusing on natural ingredients. The Indian governmentÄX%$%Xs initiatives to promote local manufacturing under the "Make in India" campaign are supporting these efforts, with subsidies and tax incentives offered to boost production.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Hand Care Packaging Market by Segment
The study includes a forecast for the global hand care packaging market by type, application, and region.
Hand Care Packaging Market by Type [Value from 2018 to 2030]:
• Plastic
• Glass
• Others
Hand Care Packaging Market by Application [Value from 2018 to 2030]:
• Hand Cleanser
• Hand Cream
• Others
Hand Care Packaging Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Hand Care Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hand care packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hand care packaging companies profiled in this report include-
• Silgan Holding
• Heinz
• HCP
• Vitro Packaging
• Heinz-Glas
• Gerresheimer
• Piramal Glass
Recent Development in the Hand Care Packaging Market
• Procter & Gamble: Procter & Gamble (P&G) has launched several initiatives to enhance sustainability in hand care packaging. They have committed to using 100% recyclable or reusable packaging for all their products by 2030. P&G is focusing on reducing plastic waste by incorporating more recycled materials in their packaging and exploring alternative biodegradable materials.
• Johnson & Johnson: Johnson & Johnson has introduced eco-friendly initiatives in hand care packaging, aiming to achieve 100% recyclable or reusable packaging by 2025. They are investing in innovative packaging designs that minimize environmental impact while maintaining product efficacy and consumer appeal.
• Unilever: Unilever has set ambitious goals for sustainable packaging across all its product lines, including hand care. They are focusing on reducing plastic waste through initiatives like refillable packaging options and using recycled materials in their packaging. Unilever aims to make all its plastic packaging reusable, recyclable, or compostable by 2025.
• LÄX%$%XOréal: LÄX%$%XOréal has adopted a circular economy approach to hand care packaging, emphasizing the reduction of virgin plastic use and increasing the use of recycled materials. They have launched initiatives to encourage consumers to return empty containers for recycling and are investing in research to develop more sustainable packaging solutions.
Features of the Global Hand Care Packaging Market
Market Size Estimates: Hand care packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Hand care packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Hand care packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the hand care packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hand care packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for hand care packaging market?
Answer: The global hand care packaging market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the hand care packaging market?
Answer: The major drivers for this market are increased focus on hand hygiene and personal care and growing demand for sustainable and eco-friendly packaging solutions.
Q3. What are the major segments for hand care packaging market?
Answer: The future of the hand care packaging market looks promising with opportunities in the hand cleanser and hand cream markets.
Q4. Who are the key hand care packaging market companies?
Answer: Some of the key hand care packaging companies are as follows:
• Silgan Holding
• Heinz
• HCP
• Vitro Packaging
• Heinz-Glas
• Gerresheimer
• Piramal Glass
Q5. Which hand care packaging market segment will be the largest in future?
Answer: Lucintel forecasts that plastic is expected to witness higher growth over the forecast period.
Q6. In hand care packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the hand care packaging market by type (plastic, glass, and others), application (hand cleanser, hand cream, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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