Personal Care Packaging Market Overview:
The global personal care packaging market size is expected to reach $39,585 million by 2022 from $27,895 million in 2015 at a CAGR of 5.25% from 2016 to 2022. Personal care packaging materials are often used in the packaging of health and beauty products to protect them from damage or contamination.
Rapid economic growth and increase in disposable income has resulted in changing lifestyle patterns in emerging countries such as China, India, and Brazil. This in turn has resulted in an increased consumption of personal care products, which has fueled the growth of the personal care packaging market. 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 growth of personal care packaging market.
Flexible packaging is highly durable, has high aesthetic value, and is lightweight, which makes it ideal for personal care packaging. Based on product type, flexible packaging is anticipated to gain the highest share in personal care packaging market during the forecast period.
The Asia-Pacific dominates the global personal care packaging market and is anticipated to grow at a CAGR of 5.54% from 2016 to 2022. Emerging economies, such as China and India offer lucrative opportunities to 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 market is bifurcated into paper, flexible, glass, packaging, rigid plastics, metal, and others (nonwoven fabrics and cardboards). By application, the market is further categorized into skin care, hair care, bath care, shower, cosmetics, and others (oral care, cotton pads and 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 have adopted various strategies gathered from press releases, annual reports, and primary calls made to industry experts to gain additional market share. The market players profiled in this report are packaging manufacturers and distributors. The key strategies adopted by these players 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 adopted by the companies to remain competitive in the market. About 36% of the top strategies is merger & acquisition, whereas product launch is the second most adopted strategy, which accounts for 34% share of the overall strategies adopted from 2013 to October 2016.
LAMEA Regional Review:
In LAMEA, customers are inclined towards personal care products to enhance their beauty, which has 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% from 2016 to 2022.
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 (not profiled in this 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 FOR STAKEHOLDERS
This report provides the quantitative analysis of the current market and estimations through 2014-2022, which assists in identifying the prevailing market opportunities.
This report provides an extensive analysis of the current and emerging market trends and dynamics in the global personal care packaging market.
Geographically, the global personal care packaging market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA.
An in-depth analysis of current research and clinical developments within the global personal care packaging market is provided with key market dynamic factors that help in understanding the behavior of the market.
Extensive analysis of segment by product type helps in understanding the current packaging materials being used along with the variants that would gain prominence in the future.
Extensive analysis of the market 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