San Francisco,15 October 2018: 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. 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.
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.
Access
Research Report of Personal Care Packaging
Market @ www.grandviewresearch.com/industry-analysis/personal-care-packaging-market
Further key findings
from the report suggest:
· 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. 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, .
· North
America accounted for 23.4% of the global market share and is expected to grow
in light of robust manufacturing of cosmetic manufactures such as Unilever,
Johnson & Johnson and Procter & Gamble in the U.S. In addition, demand
for paper and bio-based flexible packaging will rise on account of raw material
availability along with strict government regulations on metal cans and glass
packaging.
· Latin
America personal care product market was valued at USD 1.29 billion and is
expected to witness lucrative growth over the forecast period as a result of
increasing expenditure on beauty products and cosmetics in Brazil. In addition,
effective marketing strategies by companies including advertising campaigns,
rising disposable income levels along with high demand for perfumes will spur
packaging sector.
· Pouches
will witness significant rise over the next seven years on account of ease of
use and superior properties including chemical resistance and high barrier
ability. Growing demand for stand-up pouches, owing to their lightweight
property, excellent barrier properties, ease of decoration, and flexibility of
size. The segment is anticipated to generate revenues exceeding USD 1.60
billion by 2022.
· Personal
care packaging market is fragmented in nature with major key participants
including Amcor, Mondi plc, Bemis Company, Sonoco and Ardagh Group accounting
for over 30% of the global share in 2014. Introduction of bioplastic packaging
for cosmetics in order to reduce pollution is expected to spur industry. In addition,
advancements in glass packaging to reduce glass bottles weight by 50%, thereby
reducing energy required to produce and transport them will promote growth.
Browse more
reports of this category by Grand View Research at: www.grandviewresearch.com/industry/personal-care-and-cosmetics
Grand
View Research has segmented the global personal care packaging market on the
basis of product, packaging type, application, and region:
Global Personal Care Packaging Product
Outlook (Revenue, USD Million, 2012 - 2022)
·
Flexible
·
Rigid
plastics
·
Paper
·
Metal
·
Glass
Global Personal Care Packaging Type Outlook
(Revenue, USD Million, 2012 - 2022)
·
Bottles
·
Jars
·
Cans
·
Cartons
·
Tubes
·
Pouches
·
Others
Global Personal Care Packaging Application
Outlook (Revenue, USD Million, 2012 - 2022)
·
Skin
care
·
Hair
care
·
Bath
& shower
·
Fragrances
·
Others
Global Personal Care Packaging Regional
Outlook (Revenue, USD Million, 2012 - 2022)
·
North
America
·
Europe
·
Asia
Pacific
·
Latin
America
·
MEA
Access Press Release of Personal Care Packaging
Market@ www.grandviewresearch.com/press-release/global-personal-care-packaging-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business decisions, we
offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
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