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.
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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.
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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.
For more info visit @ https://www.grandviewresearch.com
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