Personal Care Packaging Market Overview:
The Global Personal Care Packaging Market is expected to reach $39,585 million from $27,895 million and register a CAGR of 5.25% during the forecast period, 2016-2022. The personal care packaging materials are used in packaging of the health and beauty products to protect them from damage or contamination.
Rapid economic growth and increase in disposable income resulted in changing lifestyle patterns in emerging countries, such as China, India, and Brazil. This led to rise in consumption of personal care products, which has fueled the growth of the personal care packaging market. The advancement in packaging technologies and availability of personal care products in innovative designs, such as pumps, sprays, sticks, pen type, and rollers balls also boost the market growth.
The flexible packaging is highly durable high aesthetic value, and lightweight, making it ideal for personal care packaging. Based on product type, it is anticipated to gain the highest share in the personal care packaging market during the forecast period.
The Asia-Pacific region dominates the global personal care packaging market and is anticipated to grow at a CAGR of 5.54%, for the forecast period. Emerging economies, such as China and India offer lucrative opportunities to the market players due to the advent of new technological innovations, increase in disposable income, and significantly large population base.
Segment Review
The global personal care packaging market is segmented based on product type, application, and geography. By product type, the industry is classified into paper, flexible packaging, glass, rigid plastics, metal, and others (nonwoven fabrics and cardboards). By application, the industry is further categorized into skin care, hair care, bath care & shower, cosmetics, and others (oral care, cotton pads, & wipes). Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Top Winning Strategies
Leading players in the global personal care packaging market adopted various strategies. The report consists of data gathered from various press releases, annual reports, and primary calls made to industry experts to gain additional market share. The market players profiled in the research are packaging manufacturers and distributors. The key strategies adopted by them include merger & acquisition, product launch partnership & agreement, and geographical expansion.
Mergers & acquisitions and product launch are the leading strategies adopted by the key market players. Partnerships & agreements and geographical expansion are other prominent strategies incorporated by the companies to remain competitive in the industry. About 36% of the top strategies applied is merger & acquisition, followed by product launch accounting for 34% from 2013 to October 2016.
LAMEA Regional Review:
In LAMEA, customers are inclined towards personal care products to enhance their beauty, which increased the consumption of cosmetics products in the region. The LAMEA personal care packaging market is projected to grow at a CAGR of 3.92% during the forecast period.
Some of the major players operating in the global personal care packaging market are Colgate-Palmolive Company, Bemis Company, Inc., Amcor Limited, Ardagh Group, Gerresheimer, Saint-Gobain, Sonoco Products Company, ITC, Bormioli Rocco Group, and Hindustan National Glass & Industries Ltd.
The other key market players of the personal care packaging market (not profiled in the report) in the value chain include Mondi plc., Ampac Holding, Crown Holdings, Inc., WestRock Company, Albea Group, Aptar Group, Inc., Fusion Packaging, HCP Packaging, HCT Packaging Inc., and RPC Group.
Key Benefits of the Personal Care Packaging Market Report:
- The report provides an in-depth analysis of the forecast along with the current and future market trends.
- This report highlights the key drivers, opportunities, and restraints of the Personal Care Packaging Market along with the impact analyses during the forecast period.
- A comprehensive analysis of the factors that drive and restrain the Personal Care Packaging Market growth is provided.
- The qualitative data in this report aims on market dynamics, Personal Care Packaging Market trends, and developments.
- The Personal Care Packaging Market size is provided in terms of volume and revenue.
Personal Care Packaging Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Application |
|
 By Geography |
|
 Key Market Players | AMCOR LIMITED, GERRESHEIMER, ITC, SONOCO PRODUCTS COMPANY, BORMIOLI ROCCO GROUP, SAINT-GOBAIN, BEMIS COMPANY, INC., COLGATE-PALMOLIVE COMPANY, HINDUSTAN NATIONAL GLASS & INDUSTRIES LTD., ARDAGH GROUP |
Analyst Review
Technological innovations in packaging designs, such as pumps, sprays, sticks, pen type, and rollers balls embedded with high efficiency and user friendly packaging of the products, enable them to reach a wider segment of audience. Rising awareness about hair and skin care among customers has spurred the growth of the market. In addition, owing to urbanization, modern lifestyle, and increase in disposable income in emerging countries such as China, India and Brazil, the demand for personal care products had increased over the last decade and is expected to increase during the forecast period.
Increased demand for flexible and lightweight packaging due to its superior properties such as improved durability & shelf life and high resistance to moisture & sunlight is expected to foster the growth of the personal care packaging market over the forecast period. Growing utilization of bioplastics and paper boards along with ongoing product development to improve packaging performance is expected to open new avenues for the personal care packaging market.
Rapid industrialization leading to the establishment of numerous cosmetic manufacturing units, particularly in India and China, has a positive impact on the personal care product market. This trend is expected to lead to growth opportunities for the personal care packaging market during the forecast period.
Loading Table Of Content...
