Personal Care Packaging Market | Coherent Market Insights

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Coherent Market Insights

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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).

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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. 

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

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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. 

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Figure 2. Global Personal Care Packaging Market
Opportunity Analysis
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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

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

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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

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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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