Market Synopsis
Market Research Future (MRFR), in its latest Personal Care Packaging Market 2020 report reveals different factors that can boost the growth of the market. The personal packaging market can value at above USD 35.20 billion by 2023, revealed MRFR findings. The evolution of packaging technology, plus the rise in the consumption of beauty products are reshaping the personal care packaging market. The high demand for better hair and skin products due to rise in inclination towards better aesthetic appeal can prompt the expansion of the personal care packaging market in the evaluation period. The rise in adoption of healthy living standards can fuel the risen of the personal care packaging market. In addition, the high durability, along with light weight of personal care packaging solutions can boost the expansion of the market. On the contrary, strict regulations regarding safety rules for packaging can hamper the rise of the personal care packaging market growth. However, certain factors can counter the market limitations. The rise in consumer count that prefer eco-friendly products can increase in disposable incomes can boost the expansion of the market. In addition, the surge in demand for small size packaging can drive the personal care packaging market in the years to come.
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Key Players
MRFR registered some well-established names in the world personal care packaging market. They are; WestRock Company (U.S.), Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Saint-Gobain S.A.(France)., Sonoco Products Company (U.S.), Mondi Group (Austria), Gerresheimer AG (Germany), Albéa Services S.A.S.(France), AptarGroup (U.S.), Ampac Holdings, LLC (U.S.), HCT Packaging Inc.( U.S.), and Ardagh Group (Luxembourg) among others.
Segment Study
The segment study of the personal care packaging global market is based on material, application, and product. The material based segments of the personal care market are metal, glass, plastic, and others. The high utility of plastic as personal care packaging can prompt the expansion of the market. It is due to hygienic qualities and greater convenience the plastic segment can gain considerable revenue. The product based segments of the market are pouches, jars, bottles, tubes, cans, and others. The application based segments of the market are cosmetics, skin care, bath & shower, fragrances, and others. The expansion of the cosmetic industry can drive the world beauty and cosmetic packaging market in the years to come.
Regional Analysis
In Asia Pacific, the personal care packaging market can thrive at a high pace in the evaluation period. Innovative pack sizes, formats, and functionality, along with the increase in consumers’ inclination for both grooming and personal care products can push the expansion of the world personal care packaging market in the years to come. The high utility of skin products and styling products which at the same time provide protection against UV protection can boost the expansion of APAC personal care packaging market. The increase in consciousness about anti-aging products can further push the expansion of the market. The highly noticeable ongoing trend across the global market can prompt the expansion of the market. The growing focus of people towards more eco-friendly packaging options can support the expansion of the world personal care packaging market. Biodegradable options, such as paper and glass are rapidly replacing plastic. Reputed market players are experimenting with melamine, and silicone for greater sustainability. This can prompt the personal care packaging market in the Asia Pacific region. The rise in the demand for personal care packaging as need for luxurious products rise can improve the expansion of the world personal care packaging market across the assessment period.
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