Personal care contract manufacturing refers to the process of outsourcing the production and manufacturing of personal care products to a third-party manufacturer. This arrangement allows companies to focus on other aspects of their business, such as product development, marketing, and sales, while leaving the manufacturing and production processes to experts in the field.
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Data Bridge Market Research analyses that the Europe Personal Care Contract Manufacturing Market is expected to grow at a CAGR of 4.7% in the forecast period of 2023 to 2030 and is expected to reach USD 27,078.27 million by 2030. Growing demand for sustainable coating is creating a new opportunity for the biostimulants market to grow in the upcoming years.
Key Findings of the Study
Increasing demand for customized personal care products is expected to drive the growth of the Europe personal care contract manufacturing market
The rising demand for customized personal care products in Europe has created a thriving market for personal care contract manufacturing. Consumers' increasing desire for personalized formulations, coupled with advancements in technology, has fueled the growth of this sector. Contract manufacturers offer flexibility, scalability, cost-efficiency, and regulatory compliance, making them ideal partners for personal care brands seeking to meet the evolving demands of consumers. As the demand for customization continues to grow, the market is expected to expand further, driving innovation and bringing tailored products to the hands of consumers.
- In the upcoming years, the market will face significant restraints in the form of complexity and disruptions in the supply chain. The complexity of the supply chain and its susceptibility to disruptions are expected to restrain market growth. Personal care products often contain a diverse range of ingredients sourced globally. Contract manufacturers in Europe rely on a complex network of suppliers and distributors to procure these ingredients. Managing a global supply chain introduces complexities such as variations in quality standards, different regulatory requirements, and potential logistical challenges. The complexity of coordinating and ensuring the timely availability of raw materials and components can create bottlenecks and impact the efficiency of the contract manufacturing process.
Furthermore, the market is susceptible to external factors that can disrupt the supply chain. These include natural disasters, political instability, trade disputes, and pandemics, as exemplified by the COVID-19 pandemic. Disruptions caused by these events can result in production delays, shortages of raw materials, and transportation challenges. Such disruptions influence the reliability and stability of the supply chain, making it difficult for contract manufacturers to meet customer demands consistently. Hence, the complexity and disruptions in the supply chain are expected to restrain market growth.
To overcome such challenges, the personal care industry is experiencing significant growth in R&D activities, leading to the emergence of new opportunities for the market. R&D efforts in this industry are aimed at developing innovative products, improving existing formulations, and addressing consumer demands for personalized and sustainable solutions. The personal care industry is driven by consumer preferences for high-quality products that offer enhanced efficacy, safety, and sustainability. This demand is pushing manufacturers to invest in R&D to develop innovative and differentiated personal care formulations.
Thus, the rising demand for natural and sustainable personal care products in Europe has fuelled market growth. Consumers' increasing preference for environmentally friendly and ethical products has created a strong market for contract manufacturers specializing in natural and sustainable formulations. With their expertise in formulation, ingredient sourcing, sustainable packaging, and scalable production capabilities, contract manufacturers play a pivotal role in meeting the demands of European consumers, which is expected to drive market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Service (Packaging, Manufacturing, Custom Formulation and R&D, and Others), Formulations (Lotions, Powders, Creams/Emulsions, Perfumes and Deodorants, Solutions, Ointments/Pastes, Suspensions, Aerosols, Gels, Sticks, Tablets & Capsules, and Others), Category (Mass Product, Professional Products, and Premium Product)
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Countries Covered
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Germany, France, Italy, U.K., Spain, Netherlands, Belgium, Switzerland, Russia, Turkey, and rest of Europe
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Market Players Covered
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Unette (England), Skinlys (France), FAREVA (France), McBride (U.K.), Apollo Health Care Corporation Inc. (Canada), RCP Ranstadt GmbH (Germany), fancystage (Portugal), Beautech INDUSTRIES (Hong Kong), H.S.A. Hair Styling Applications S.p.a. (Italy), Laleham (England), Albéa UK Limited (England), and HCP Packaging (China) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis
The Europe personal care contract manufacturing market is segmented into three notable segments based on service, formulations, and category.
- On the basis of service, the market is segmented into packaging, manufacturing, custom formulation and R&D, and others
In 2023, the packaging segment is expected to dominate the Europe personal care contract manufacturing market
In 2023, the packaging segment is expected to dominate the market with a market share of 54.02% due to the rising trend of innovative and attractive packaging and sustainable and green packaging among consumers.
- On the basis of formulations, the market is segmented into lotions, powders, creams/emulsions, perfumes and deodorants, solutions, ointments/pastes, suspensions, aerosols, gels, sticks, tablets & capsules, and others
In 2023, the lotions segment is expected to dominate the Europe personal care contract manufacturing market
In 2023, the lotions segment is expected to dominate the market with a market share of 24.94% due to higher demand for various lotions among consumers with customizations.
- On the basis category, the market is segmented into mass product, professional products, and premium product. In 2023, the mass product segment is expected to dominate the market with a market share of 63.31%, growing with a CAGR of 5.0% in the forecast period of 2023 to 2030
Major Players
Data Bridge Market Research recognizes the following companies as the major market players in the Europe personal care contract manufacturing market that include Unette (England), Skinlys (France), FAREVA (France), McBride (U.K.), Apollo Health Care Corporation Inc. (Canada), RCP Ranstadt GmbH (Germany), fancystage (Portugal), Beautech INDUSTRIES (Hong Kong), H.S.A. Hair Styling Applications S.p.a. (Italy), Laleham (England), Albéa UK Limited (England), and HCP Packaging (China) among others.
Recent Developments
- In May 2023, Albéa UK Limited announced that its product EcoFusion Top had gained eight awards. This announcement and awards have made the company more competitive in the market
- In December 2022, Unette launched the new Tear n Tuck re-closable sachet as a direct competitor to the traditional screw cap tube. The launch will help the company to generate higher revenue through reusable packaging
- In May 2023, the company announced that its product EcoFusion Top had gained eight awards. This announcement and awards have made the company more competitive in the market.
- In August 2021, McBride launched a new laundry brand Clenzd with the Manchester agency. The Manchester agency carried out a customer-insight-driven project to come up with the brand name, identity, and packaging. The new brand will enable the company to generate higher revenues
- In April 2021, FAREVA made a major investment within its newly formed GTP Biologics division a year after entering the biologics CDMO sector. The investment will help the company to enter the biologics center
Country Analysis
Geographically, the countries covered in this market report are Germany, France, Italy, U.K., Spain, Netherlands, Belgium, Switzerland, Russia, Turkey, and rest of Europe.
As per Data Bridge Market Research analysis:
Germany is the dominant and fastest-growing country in the Europe personal care contract manufacturing market during the forecast period 2023-2030
In 2023, Germany is expected to dominate the market due to the presence of many major players operating in the country and the increase in initiatives such as acquisitions, collaborations, and product launches by manufacturers to distribute their products efficiently to the consumer.
For more detailed information about the Europe personal care contract manufacturing market report, click here – https://www.databridgemarketresearch.com/reports/europe-personal-care-contract-manufacturing-market
