Hygiene Packaging Market Trends

Growth Drivers

• Exponential Growth in the Inclination Toward Sanitization - A report by the World Health Organization demonstrated that 54% of the people across the globe, summing up to 4.2 billion, utilized safely managed sanitation services in 2020. Sanitization is important since it is associated with the safe disposal of human waste. It can be further described as the process that makes places free from infection, diseases, dirt, and others. In recent years, as of the break out of COVID-19, the process of sanitization became very popular. Hence, the higher demand for products necessary for sanitization is estimated to flourish the growth of the market over the forecast period.

• Growing Prevalence of Infectious Disease - As per the report published by the Centers for Disease Control and Prevention, in 2019, the count of tuberculosis cases reached 8,916 in the United States. Whereas, salmonella cases touched off at 58,371.

• Increasing Awareness of Food Safety - The World Health Organization states that in every 10 people, 1 of them dies as of the consumption of contaminated food, while the annual rate of such deaths is projected by about 420,000 across the globe.

• Higher Export and Import Volume of Medicines - For instance, the total sales generated from the globally exported drugs were anticipated to be nearly USD 370 billion in 2018. Additionally, pharmaceutical products were recognized as the world’s 6th highly traded products.

• Significant Increment in E-Commerce Sales - As of 2021, the worldwide E-commerce sales volume was valued at about USD 5 trillion. Furthermore, more than 20 million E-commerce sites were noticed to be functioning in 2022 throughout the world.

Challenges

• Negative Impact on the Environment - Several hygiene packaging materials consist of plastic polymer. Increasing usage of hygiene products may negatively influence the environment by generating a large amount of packaging waste. Such packaging waste may contain some specific kinds of toxicological and eco-toxicological properties, that can negatively affect the environment. Hence, this factor is anticipated to hinder the growth of the market during the projected time frame.
• Presence of Alternative Products
• Disrupted Supply Chain as of COVID-19