Hygiene Packaging Market Size

Hygiene Packaging Market size was over USD 214.4 Billion in 2023 and is set to cross USD 529.37 Billion by the end of 2036, witnessing more than 7.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of hygiene packaging is estimated at USD 229.84 Billion. The growth of the market can be attributed to the growing prevalence of infectious diseases, followed by the rising inclination toward personal hygiene among people throughout the world. For instance, it was estimated that in the United States, around 3.5 million people visited the emergency department with parasitic and infectious diseases in 2018. Further, the growing consumption of packaged products where hygiene packaging is being used to protect the product from any kind of damage or contamination is another significant factor that is estimated to accelerate the growth of the market over the forecast period.

In addition to these, factors that are believed to fuel the market growth of hygiene packaging include the rise in the demand for antibacterial hygiene packaging products to meet better life expectancy, along with the soaring growth in the packaging sector. For instance, packaging is one of India's fastest-growing industries, with around a 28% annual rate of expansion. Besides this, the surge in the collaboration between major key players to discover more sustainable alternatives in the array of packaging is also anticipated to present positive opportunities for the growth of the global hygiene packaging market in the coming years.  Additionally, escalating demand and sales of sanitizer, napkins, diapers and other personal hygiene products are further expected to hike the growth of the market over the forecast period. As of 2020, around 270 million Americans were observed to be using soap and the number is estimated to reach nearly 280 million by 2024. Hence, all these factors are estimated to boost the growth of the market over the forecast period.