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.
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 For Stakeholders:
- It provides quantitative analysis of the current market and estimations to assists in identifying the prevailing market opportunities throughout the period, 2014-2022.
- It offers an extensive analysis of the current and emerging market trends and dynamics in the market.
- It provides an in-depth assessment of the current research and development to help in understanding the behavior of the market.
- It consists of extensive evaluation of segment by product type to assist in comprehending the current packaging materials used along with the variants that would gain prominence in the future.
- It offers comprehensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
Personal Care Packaging Market Key Segments
- Rigid Plastic
- Flexible Packaging
- Others (Nonwoven Fabrics and Cardboards)
- Skin Care
- Hair Care
- Bath and Shower
- Others (Oral Care, Cotton Pads, and Wipes)
- North America