Title: Personal Care Packaging Market
1Coherent Market Insights
- Market Research and Business Consulting Services
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- COVID-19 Impact Tracker
2 PERSONAL CARE PACKAGING MARKET ANALYSIS
- Personal Care Packaging Market, By Product Type
(Flexible packaging, Rigid plastics, Paper,
Glass, Metal, Others), By Application (Skin care,
Hair care, Bath shower, Cosmetics, Others), and
By Region (North America, Europe, Asia Pacific,
Latin America, Middle East Africa) - Size,
Share, Outlook, and Opportunity Analysis, 2020
2027
3Personal care packaging is materials used for the
packaging of personal care products in order to
protect it from contamination and other damages.
These materials include plastic, flexible
packaging, paperboard, glass, and metals. Some of
the advanced packagings comprise of pen type,
pumps, sprays, sticks, and rollers balls. In
terms of aesthetic value and lightweight property
flexible packaging is gaining huge demand across
the personal care packaging industry. Also, small
packaged products are gaining huge demand across
consumers due to their ease of use and handling
during traveling.The global personal care
packaging market is projected to reach around US
36,088.0 million by the end of 2027, in terms of
revenue, growing at CAGR of 4.3 during the
forecast period (2020-2027).
- Drivers
- Continuous product design and innovation are
expected to propel the market growth of the
personal care packaging. Various producers are
focusing on product innovation and design in
order to differentiate their product offerings.
Moreover, rising need to innovate packaging
design to match up the ongoing trend in the
market and to increase the consumer base is
expected to augment the market growth of the
personal care packaging. - Increasing investment by the government on R D
in order to develop advanced technologies for
manufacturing efficient packaging systems is
expected to propel the market growth. Growing
demand for eco-friendly packaging products
coupled with the rising preferences of
intelligent packaging systems such as stand-up
pouches is also projected to propel the market
growth of the personal care packaging over the
forecast period.
4Figure 1. Global Personal Care Packaging Market
Share () in terms of Value, By Region, in 2019
5Asia Pacific region dominated the global personal
care packaging market in 2019, accounting
for 55.5 share in terms of value, followed by
Europe and North America, respectively.
Market
Restraints
- The volatile price of raw materials used in the
manufacturing of packaging products is expected
to restrict the market growth of personal care
packaging. Plastic packaging products are
produced from crude oil and the gap in the demand
and supply of crude due to economic factors
affect the overall price of the raw materials.
Thus, the fluctuating price of raw materials is
expected to restrict market growth over the
forecast period.
6 Market Opportunities
- The growing popularity of male grooming products
due to a rising sense of fashion is expected to
offer potential growth opportunities to the
market of personal care packaging. Rising demand
for anti-aging cosmetic products coupled with the
growing awareness regarding beauty among
consumers is also expected to augment the market
growth. - Shifting preferences of consumers towards health
and hygiene is encouraging them to use shower
gels, body washes, and liquid soap is expected to
propel the market growth of personal care
packaging. Growing demand for deodorants and hair
sprays among consumers across the developing
region is expected to augment demand for aerosol
can. This is further projected to fuel the market
growth of the personal care packaging over the
forecast period.
7 Figure 2. Global Personal Care
Packaging Market
Opportunity Analysis
8 Market Trends
- Growing oral hygiene among consumers is creating
demand for oral care products which is expected
to augment the market growth of personal care
packaging. Rising demand for small-sized
packaging due to ease of use and convenience at
handling is also expected to foster the market
growth of personal care packaging. Moreover,
growth in the packaging industry due to economic
development is further anticipated to augment
market growth.
9Figure 3. Global Personal Care Packaging Market
Share () in terms of
Value, By Application, in 2019
10- On the basis of application in 2019, the skin
care segment has accounted the largest market
share of 38.3 in terms of value, followed by on
hair care and bath shower respectively. Rising
prevalence of skin diseases results in increasing
demand for skin care products globally, owing to
its benefits such as nutrition provided by the
products to the skin and skin protection provided
by sunscreen lotions from harmful UV-radiations,
thus helping in the prevention of skin diseases
and skin cancer
11Personal Care Packaging Market - Impact of
Coronavirus (Covid-19) Pandemic
- The coronavirus outbreak is expected to have
impact on employment and consumer spending.
Customers are expected to spend less on premium
luxury cosmetic products which will lead
decreasing demand for these products. This is
expected to decrease the demand for packaging
from personal care industry. However, demand for
essential products such as hand sanitizers,
liquid hand soaps, shampoos, deodorants is
expected to increase owing increasing awareness
regarding personal hygiene. This is expected to
drive demand for packaging from these sectors.
Companies operating in personal care industry are
focusing on launching essential products such as
hand sanitizers owing to increasing demand for
such products. For instance, in May 2020, Maison
21G (Singapore based perfume company) launched
four alcohol based hand sanitizers designed to
protect and comfort, in response to coronavirus
outbreak. This is expected to drive demand for
packaging product from these companies.
12Competitive SectionCompany Names
- Albea Group
- Amcor Ltd
- Ardagh Group
- Bemis Company, Inc
- Bormioli Rocco Spa
- Gerresheimer
- Heinz- Glas GmbH
13- Koa Glass Co. Ltd
- MeadWestvaco Corp
- Mondi plc
- Saint-Gobain
- Sonoco Products Company
- Few Recent Developments
- Albea Group
- In October 2019, LOréal announced the launch of
the first paper-based cosmetic tube in
collaboration with Albéa, a cosmetic packaging
company.
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market-insight/personal-care-packaging-market-3880
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