The global personal care packaging market size is expected to
reach USD 37.25 billion by 2022, according to a new report by Grand View
Research, Inc. Rising consumption of cosmetic and beauty products along with
advancements in packaging technology is expected to drive the global over the
next seven years. In addition, changing lifestyle along with rapid urbanization
is expected to stimulate industry growth. Growing demand for flexible packaging
owing to its lightweight property as well as high durability in China, India
and Brazil is expected to propel growth over the forecast period.
Rigid plastics accounted for over
35.0% of the global revenue and are expected to witness significant gains over
the next seven years as they are non-corrosive, light, and cheap. Increasing
demand for rigid plastics in hair care and skin care applications owing to its
superior properties of high impact strength, high stiffness, and high barrier
properties will drive industry.
Browse full research report on Personal Care Packaging Market: https://www.grandviewresearch.com/industry-analysis/personal-care-packaging-market
Further key findings from the report suggest:
- Fragrances
are expected to witness growth at a CAGR of 6.3% from 2015 to 2022 on
account of its growing demand in perfumes, deodorants, soaps, body washes
and moisturizers. Large manufacturing base of perfume industry coupled
with growing domestic demand in U.S., Germany, India, Saudi Arabia, China,
Mexico, France and UK is expected to drive market growth. Rising
disposable income coupled with increasing penetration of players such as
P&G and RB through new product launches in China and India is expected
to promote fragrances industry growth, thereby, .
- North
America accounted for 23.4% of the global market share and is expected to
grow in light of robust manufacturing of cosmetic manufactures such as
Unilever, Johnson & Johnson and Procter & Gamble in the U.S. In
addition, demand for paper and bio-based flexible packaging will rise on
account of raw material availability along with strict government
regulations on metal cans and glass packaging.
- Latin
America personal care product market was valued at USD 1.29 billion and is
expected to witness lucrative growth over the forecast period as a result
of increasing expenditure on beauty products and cosmetics in Brazil. In
addition, effective marketing strategies by companies including
advertising campaigns, rising disposable income levels along with high
demand for perfumes will spur packaging sector.
- Pouches
will witness significant rise over the next seven years on account of ease
of use and superior properties including chemical resistance and high
barrier ability. Growing demand for stand-up pouches, owing to their
lightweight property, excellent barrier properties, ease of decoration,
and flexibility of size. The segment is anticipated to generate revenues
exceeding USD 1.60 billion by 2022.
- Personal
care packaging market is fragmented in nature with major key participants
including Amcor, Mondi plc, Bemis Company, Sonoco and Ardagh Group
accounting for over 30% of the global share in 2014. Introduction of
bioplastic packaging for cosmetics in order to reduce pollution is
expected to spur industry. In addition, advancements in glass packaging to
reduce glass bottles weight by 50%, thereby reducing energy required to
produce and transport them will promote growth.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/personal-care-packaging-market/request/rs1
Grand View Research has segmented the global personal care
packaging market on the basis of product, packaging type, application, and
region:
Personal Care Packaging Product Outlook (Revenue, USD Million,
2012 - 2022)
- Flexible
- Rigid
plastics
- Paper
- Metal
- Glass
Personal Care Packaging Type Outlook (Revenue, USD Million, 2012 -
2022)
- Bottles
- Jars
- Cans
- Cartons
- Tubes
- Pouches
- Others
Personal Care Packaging Application Outlook (Revenue, USD Million,
2012 - 2022)
- Skin
care
- Hair
care
- Bath
& shower
- Fragrances
- Others
Personal Care Packaging Regional Outlook (Revenue, USD Million,
2012 - 2022)
- North
America
- U.S.
- Europe
- Germany
- Asia
Pacific
- China
- India
- Latin
America
- Brazil
- MEA
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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