Global Personal Care Packaging Market is projected to be valued $44 Billion by 2024; with a CAGR of 5.3% from 2017 to 2025. The term ‘personal care’ is often referred to an assortment of items that are mainly found in the health and beauty departments of drug and department stores. Personal care packaging requires high chemical resistance to ensure the integrity of the beauty product and visual aesthetics of the packaging.Personal care packaging include packaging of various personal care products such as shampoos, conditioners, hair conditioners, cosmetics, moisturizers, creams, deodorants, perfumes, toiletriesand others. The vendors of personal care packaging mostly prefer to promote sustainable packaging, eco-friendly and recyclable packaging products.
Rising consumption of cosmetics and beauty products, changing consumer lifestyle along with rapid urbanization, and advancement in packaging technology are the factors propelling the growth of personal care packaging market. Moreover, increasing awareness among brand owners and marketing experts about importance of packaging to attract maximum consumer attention, and growing awareness among consumers about healthy skin also boosts the growth of the personal care packaging market. However, increasing regulations about safety of personal care products may hinder the growth of the market. Growing demand for flexible packaging due to its lightweight property as well as high durability might provide with several growth opportunities in the forecasted year.
The global personal care packaging market is segmented on the basis of product type, application, and geography. By product type, the market is segmented as flexible packaging, rigid plastic, glass, paper, metal, and others (nonwoven fabric, cardboard). Further the personal care packaging market is segmented by application as skin care, hair care, cosmetics, bath & shower, and others (oral care, wipes, and cotton pads).
Based on geography, personal care packaging market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and others. Asia-Pacific is segmented into India, China, Japan, and others while RoW is bifurcated into South America, Middle East, and Africa.
Major companies operating in the global Personal Care Packaging market are Bormioli Rocco SpA, Bemis Company Inc., Mondi Plc, Amcor Ltd., Sonoco Products Company, Albea S.A., Gerresheimer AG, ITC Ltd., Crown Holdings, Inc., and Colgate-Palmolive Company, among others.
The key takeaways from the report
Scope of Personal Care Packaging Market