PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235885
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235885
According to Stratistics MRC, the Global Baby Care Packaging Market is accounted for $2.6 billion in 2022 and is expected to reach $4.1 billion by 2028 growing at a CAGR of 7.8% during the forecast period. The packaging component of items connected to infant care is referred to as the "baby care packaging". These goods cover a wide range of categories and include everything geared at infants, such as food, cosmetics, clothing, etc. Here, packaging is crucial since appealing packaging attracts more customers because it is enticing. Plastic is the material most frequently used in packaging because of its low weight. The goods should be protected from damage by the packaging, which should also appear nice and draw buyers. Glass, metal, and paper are other materials utilized in the packaging of infant care goods.
According to the US Census, birth rates dropped by 7.6% in the US in December 2020 year-on-year.
Parents now a days are willing to spend more money on infant care supplies. Due to the surge in discretionary money and the widespread accessibility of prominent brands, they are more likely than ever to buy high-end infant care goods. The market for luxury infant care packaging is expected to propel as a result of paperboard and flexible packaging outlooks.
Parents are more focused on baby safety and wellness. They are looking for clean, moisture-based solutions like wipes and creams. Major Key players are demanding huge costs and the low quality baby products are causing skin allergies, discomfort, rashes and other similar skin-related issues. All these aspects are hampering the market growth.
Newborn's have delicate skin. As a result, people are spending a lot on natural and organic goods. To sustain the shelf life of infant items, producers are concentrating more on raw materials free of hazardous chemicals for packaging. There is a distinct line of infant care products on the market, including soft tissues, towels, and napkins. These factors are anticipating to a lucrative growth in the market.
One of the main obstacles is the increase of plastic packaging. Due to its low weight and ease of handling, plastic is the most often utilized material. Due of their inability to degrade, they contaminate the soil and therefore affects the environment. All these aspects are hindering the growth of the market.
Due to the suspension of important industrial operations and markets, the pandemic contributed to a drop in worldwide economic activity. The birth rate fell during the pandemic due to rising infection rates and enforced social isolation laws. The market is reportedly rebounding, nevertheless, as a result of loosened COVID-19 guidelines. In addition, it is anticipated that the market demand would be driven by the restoration of former birth rates throughout the anticipated timeframe.
The skin care segment is estimated to have a lucrative growth, due to wide range of products. Numerous varieties of moisturisers, face creams, powders, and massage oils are included in the skin care category. Many parents who are well-informed want to choose products with anti-inflammatory, antibacterial, and antifungal ingredients that are good for sensitive skin and therefore they are fuelling the segments growth.
The online market segment is anticipated to witness the fastest CAGR growth during the forecast period, due to wide range of products. Infant care goods are readily available in online in a variety of package styles. Additionally, owing to their hectic schedules, millennial parents prefer internet shopping for their children without sacrificing the quality of the products. These factors drive the segment growth.
Asia Pacific is projected to hold the largest market share during the forecast period owing to the elevated birth rates. Parents in this region are eager to provide their children the finest possible upbringing. A variety of infant care products are available because of the presence of major key players in the market. E-commerce segment is offering numerous varieties to customers with ease and thus driving the market share in this region.
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the disposable income of the consumers. The rising trend of organic infant care products with eye-catching product packaging are attracting customers at large pace. Government measures emphasizing the need of infant cleanliness, together with a rise in the number of newborns in this region, are propelling market expansion.
Some of the key players profiled in the Baby Care Packaging Market include: Sonoco Products Company, Smurfit Kappa Group, WestRock Company, Berry Global Group, Inc, DS Smith Plc, Amcor plc, Johnson and Johnson, Constantia Flexibles Group GmbH, Uflex Ltd, ProAmpac LLC, Ameri-Pac Inc (Wilbur-Ellis Holdings Inc.), Glenroy, Inc, Winpak Ltd, CHEMCO Group, Mondi Group, American Packaging Corporation, Tetra Laval Pvt Ltd, Huhtamaki Oyj, Bo International and Benison & Co., Ltd
In November 2022, Sonoco, a global leader in diversified packaging, plans to further expand Sonopost® cornerpost manufacturing in Europe. A new protective packaging production facility is set to open in Bursa, Turkey in November, one year after Sonoco established the first Sonopost® operation in Sochaczew, Poland.
In July 2022, Johnson & Johnson has launched a new skin and hair care brand for babies and toddlers named Vivvi & Bloom with three initial products, a 2-In-1 Wash & Shampoo Cleansing Gel, a 2-in-1 Face & Body Whip Lotion and a 2-In-1 Scalp & Body Massage Oil.
In December 2020, Mondi, a global leader in packaging and paper, has launched a new paper EcoWicketBag for Drylock Technologies' baby diaper ranges, bringing sustainable paper-based packaging to the hygiene market globally.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.