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.
The Global Personal Care Packaging Market is expected to reach USD 37.25 billion by 2022, according to a new report by Grand View Research, Inc.
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.
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.
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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.
Top Players of Personal Care Packaging Market:
The market is dominated by major participants including Amcor, Bemis Company, Mondi plc, Sonoco, and Albea Group. Other players include Ardagh Group, Ampac Holding and Crown Holdings, Inc., ITC, and WestRock Company.
Market Segmentation of Personal Care Packaging Market:
The Global Personal Care Packaging Market segmented on the basis of Product, Packaging Type and Application.
By Product:
Flexible
Rigid plastics
Paper
Metal
Glass
By Packaging Type:
Bottles
Jars
Cans
Cartons
Tubes
Pouches
By Application:
Skin care
Hair care
Bath & shower
Fragrances
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