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Personal Care Packaging Market | Coherent Market Insights

Read here the latest updates on the u201cPersonal Care Packaging Market u201d published by CMI team.

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Personal Care Packaging Market | Coherent Market Insights

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  1. Coherent Market Insights Market Research And Business Consulting Services https://www.coherentmarketinsights.com/ 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 • 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).

  3. 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. 

  4. Figure 1. Global Personal Care Packaging Market Share (%) in terms of Value, By Region,in 2019

  5. 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. • 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

  9. Figure 3. Global Personal Care Packaging Market Share (%) in terms of Value, By Application, in 2019

  10. Personal 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.

  11. Competitive Section: Company Names  • Albea Group • Amcor Ltd • Ardagh Group • Bemis Company, Inc • Bormioli Rocco Spa • Gerresheimer • Heinz- Glas GmbH • Hindustan National Glass & Industries Ltd. • ITC • Koa Glass Co. Ltd • MeadWestvaco Corp • Mondi plc • Saint-Gobain • Sonoco Products Company

  12. Few Recent Developments • Albea Group • In October 2019, L’Oréal announced the launch of the first paper-based cosmetic tube in collaboration with Albéa, a cosmetic packaging company.

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  14. About Us: • Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  15. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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