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Personal Care Packaging Market Expected to Reach $39,585 Million, Globally, by 2022

Read more: https://www.alliedmarketresearch.com/personal-care-packaging-market<br>Increased demand for flexible and lightweight packaging systems, owing to its superior properties including chemical resistance and high barrier ability, is expected to drive the growth of the personal care packaging market.

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Personal Care Packaging Market Expected to Reach $39,585 Million, Globally, by 2022

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  1. Personal Care Packaging Market Opportunities and Forecasts, 2014- 2022 Personal Care Packaging Market by Product (Rigid Plastic, Glass, Paper, Flexible Packagingand Metals) and by Application (Skin Care, Hair Care, Bath & Shower and Cosmetic)

  2. Introduction • Personal care packaging materials are often used in the packaging of health and beauty products to protect them from damage or contamination. • Rapid economic growth and increase in disposable income has resulted in changing lifestyle patterns in emerging countries such as China, India, and Brazil. • This in turn has resulted in an increased consumption of personal care products, which has fueled the growth of the personal care packaging market. Advancement in packaging technologies and availability of personal care products in innovative designs such as pumps, sprays, sticks, pen type, and rollers balls also boost the growth of personal care packaging market. Personal Care Packaging Market

  3. Current and Future Market Scenario • In 2015, the global market was valued at $27,895 million. • In 2015, the flexible packaging product segment accounted for two-fifths of the total share in terms of revenue. • Personal Care Packaging Marketis expected to reach $39,585 million by 2022, states Allied Market Research. • Skin care is the fastest growing application segment in the personal care packaging market, registering a CAGR of 5.44% from 2016 to 2022. • Global Personal Care Packaging Market will grow at a prominent CAGR of 5.25% from 2016 to 2022. Personal Care Packaging Market

  4. Market Segmentation Personal Care Packaging Market

  5. Factors Contributing to Market Growth • Technological innovations in packaging designs, such as pumps, sprays, sticks, pen type, and rollers balls boost the growth of the personal care packaging market. • Other factors that contribute to market growth are: • Changing Lifestyle Patterns in Emerging Countries Due to Rapid Urbanization. • Increase In Consumption Of Beauty Products And Cosmetics With Packaging Advancement Technology. • Increasing Demand Of Flexible, And Lightweight Packaging Systems. Personal Care Packaging Market

  6. Top Winning Strategies Partnerships & agreements and geographical expansion are other prominent strategies adopted by the companies to remain competitive in the market. About 36% of the top strategies is merger & acquisition, whereas product launch is the second most adopted strategy, which accounts for 34% share of the overall strategies adopted from 2013 to October 2016. Personal Care Packaging Market

  7. Region Overview • Asia-Pacific is expected to continue to lead the market during the forecast period, followed by Europe. • The North American personal care packaging market is anticipated to grow at a CAGR of 5.51% from 2016 to 2022. • Asia-Pacific and Europe collectively contributed approximately three-fourths share of the global personal care packaging market by revenue in 2015. • LAMEA accounted for approximately one-fifth share of the personal care packaging market in 2015. Personal Care Packaging Market

  8. Leading Players • The key players operating in the global personal care packaging market are Mondi, Amcor Limited, Bemis Company, Inc., Ardagh Group, Colgate-Palmolive Company, Gerresheimer, ITC, Saint-Gobain, Sonoco Products Company, Bormioli Rocco Group, and Hindustan National Glass & Industries Ltd. Personal Care Packaging Market

  9. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/personal-care-packaging-market Follow Us On

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