Global Personal Care Packaging Market, 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), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Personal Care Packaging Market
Global Personal Care Packaging market is expected to grow from its initial estimated value of USD 23.30 billion in 2018 to an estimated value of USD 33.78 by 2026, registering a CAGR of 4.75% in the forecast period of 2019-2026. This rise in market value can be attributed to the growth in consumption of beauty products and cosmetics.
Market Definition: Global Personal Care Packaging Market
Personal care packaging is utilized for the protection and packaging of personal and beauty care products, resulting in protection of the contents of the package from various external factors and it is also used for printing of various information pertaining to the contents of the package so that the consumer can be informed properly. This packaging is undergoing rapid demand due to the rise in levels of disposable income that have resulted in increased demand and consumption of beauty products as well as the rise in levels of urbanization globally.
- Rise in levels of disposable income resulting in changes in lifestyle of consumers and increased consumption of beauty & personal care products is expected to act as a driver for the market growth
- Innovations in technology and innovative launches of products resulting in enhanced protection of the contents of the product as well as enhancement of shelf-life of the products is expected to act as a driver for the market growth
- Concerns regarding the recycling of the products in relation to the materials used in the packaging method is expected to act as a restraint to the market growth
- Rapid fluctuations and vulnerability in prices of raw materials required for the production of personal care packaging is also expected to act as a restraint to the market growth
Segmentation: Global Personal Care Packaging Market
- By Material
- Paper & Paperboard
- Nonwoven Fabrics
- By Product Type
- By Application
- Baby Care
- Hair Care
- Skin Care
- Bath & Shower
- Oral Care
- Cotton Pads & Wipes
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
Key Developments in the Market:
- In February 2018, Amcor Limited announced that they had commercialized their LiquiForm technology with the launch of “Nature’s PromiseTM brand of hand soap” in collaboration with Greenblendz. With the help of this technology, the consistency in packaging is enhanced and there is significant reduction in the levels of carbon footprint.
- In July 2017, Sonoco Products Company announced that they had completed the acquisition of Clear Lam Packaging Inc. for a transaction of USD 170 million. With the completion of this acquisition Sonoco enhances its product offerings for the consumer packaging methods due to the expertise of Clear Lam’s protective film offerings for consumer packaged goods.
Competitive Analysis: Global Personal Care Packaging Market
Global personal care packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of personal care packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Personal Care Packaging Market
Few of the major competitors currently working in the personal care packaging 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.
Research Methodology: Global Personal Care Packaging Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request An Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete market analysis and forecasting
- Market definition, understanding the concept of personal care packaging
- Market drivers and restraints of the industry
- Market segmentations and market share divided amongst them
- Key players in the market and their analysis