According to Data Bridge Market Research new Market report, global personal care packaging market will account to an estimated USD 23.30 billion in 2018 growing at a CAGR of 4.75% during the forecast period of 2019 to 2026.
Global Personal Care Packaging Market
Personal care packaging can be defined as the individual protective layer of packaging for cosmetics, beauty and personal care products. Due to the expensive and delicate nature of the contents of these products, there is an enhanced need to protect them from external factors to maintain their originality. This packaging also helps in promoting the product and results in printing of vital information regarding the contents and ingredients used in its production.
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Global personal care packaging market is segmented on the basis of material, product type, application and geography.
By Material (Metal, Plastics, Paper & Paperboard, Glass, Others), Product Type (Bottles, Tubes, Pouches, Cans, Jars, Cartons, Others), Application (Baby Care, Hair Care, Skin Care, Fragrance, Cosmetics, Bath & Shower, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN PERSONAL CARE PACKAGING MARKET
Increased demand of cosmetics from the Asia-Pacific region
According to International Trade Administration – Department of Commerce of United States of America, there has been a significant rise in the demand of cosmetics from the Asia-Pacific region. According to their exports, 80% share of the total exports has been from the Asia-Pacific region. This significant demand of cosmetics which is growing and is expected to grow in the coming years as well is expected to be a major driver for the growth of personal care packaging market.
Few of the major competitors currently working in the personal care packaging market are Amcor Limited, Mondi, Sonoco Products Company, Gerresheimer AG, Ardagh Group S.A., ITC Limited, HEINZ-GLAS GmbH & Co. KGaA, WestRock Company, ALBEA, Koa Glass Co. Ltd., ProAmpac, Huhtamaki, Crown, BALL CORPORATION, COVERIS, AptarGroup Inc., American Packaging Corporation, HCP Packaging, HCT Group, RPC Group Plc., Winpak Ltd., Silgan Holdings Inc., Tetra Pak International S.A., DS Smith and Can Corporation of America Inc.
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Global Personal Care Packaging Market – Industry Trends and Forecast to 2026