Global Detergent Packaging Market Overview
The global fabric care market is estimated to reach around US$ 90 Bn in 2018 and further maintain a steady growth rate for the next few years. Detergent is one of the leading segment in fabric care products which is not ever expected to witness downfall in demand in the future, just like other fast moving consumer goods. Thus, the detergent packaging has a large market globally. With the changing trend in the type of detergent, detergent packaging solutions are also updated and propel the detergent packaging market. Water-soluble pods are one of the rapidly rising detergent packaging solutions, specifically in developed nations of North America and Western Europe. In the present market scenario, the detergent powder is leading in the detergent industry with pouches as the highly preferred detergent packaging solution. Also, liquid detergent is rising at a significant pace globally, leading to a large incremental revenue opportunity to be created for plastic bottles and cans detergent packaging solution during the forecast period.
Global Detergent Packaging Market Dynamics
Initially, detergent bars had a large market share in the detergent industry, and thus stick packs were most widely preferred for detergent packaging. Gradually, detergent powder came into dominance in the detergent industry and various formats of pouches, such as flat pouches and sachets, gusseted bags, cartons, and stand-up pouches were highly preferred as detergent packaging. In the present market scenario, the liquid detergent is gaining high attention among consumers who are preferred to be packaged into plastic bottles and cans. Thus, the detergent packaging market had witnessed ever-changing trends owing to changing consumer preferences, which are highly impacted by the innovations introduced in the detergent industry. Furthermore, innovations introduced in the detergent packaging have also played a crucial role in driving the global detergent packaging market. This includes water-soluble detergent pods. The water-soluble pods as a detergent packaging solution are gaining consumer attention owing to the consumer convince added by various advantages of the detergent packaging solution such as single dose detergent packaging. On the other hand, the limited availability and relatively high price for a unit volume detergent packaging have restrained the demand in developing and underdeveloped nations. Furthermore, the detergent packaging supports the branding of the detergent company by aesthetic graphics printed in the packaging, which is made possible by developing printing techniques.
Global Detergent Packaging Market Segmentation
The global detergent packaging market can be segmented in the basis of packaging type as
- Stand-up pouches
- With Spout
- Without spout
- Gusseted bags
- Flat pouches & sachets
The global detergent packaging market can be segmented on the basis of material as
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Polyethylene (PE)
- Poly Vinyl Chloride (PVC)
- Poly Vinyl Alcohol (PVA)
- Paper & Paperboard
The global detergent packaging market can be segmented on the basis of the detergent type as
- Liquid detergent
- Powder detergent
- Detergent bar
Global Detergent Packaging Market Regional Outlook
The type of detergent packaging demand is highly dependent on the demand for the type of detergent. For instance, the demand for detergent bars is significantly high in the Asia Pacific region. Thus the demand of stick packs as a detergent packaging solution is considerably high in the region. The developed nations of Western Europe and North America have shown a high adoption rate towards innovative detergent packaging solutions. The demand for liquid detergent is significantly high in Asia Pacific, North America, and Western Europe, leading to a high demand for plastic bottles and cans as a detergent packaging solution.
Global Detergent Packaging Market Key Players
Some of the key players in the global detergent packaging are
- Amcor Ltd.
- Smurfit Kappa Group
- DS Smith LLC
- Huhtamaki Group
- Sonoco Products Company
- Stora Enso Oyj
- Mondi Group Plc
- MJS Packaging
- Sunflex Laminations
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.