Personal Care Packaging Market by Product and Geography - Forecast and Analysis 2020-2024

The personal care packaging market is projected to grow by USD 3.91 billion with a CAGR of 2%, during the forecast period 2019 to 2024.

This personal care packaging market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the personal care packaging market segmentation by product (plastic, metal, and others) and geography (APAC, North America, Europe, South America, and MEA). The personal care packaging market report also offers information on several market vendors, including Albéa Services SAS, Amcor Plc, AptarGroup Inc., Berry Global Group Inc., DS Smith Plc, Gerresheimer AG, HCP Packaging UK Ltd., Mondi Group, Reynolds Group Holdings Ltd., and Silgan Holdings Inc. among others.

What will the Personal Care Packaging Market Size be During the Forecast Period?

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Personal Care Packaging Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2019 as the base year, and 2020 as the estimated year.

Key Personal Care Packaging Market Driver

 

One of the key factors driving growth in the personal care packaging market is the rising global personal care spending. The rising personal care spending is the key reason for the growth of the market. The sales of beauty and personal care products are expected to grow by 60% between 2018 and 2023. The demand for organic and natural beauty products is poised to witness substantial growth in demand during the forecast period. In personal care products, North America and Western Europe are mature markets, Eastern Europe is a developing market, and APAC and South America are emerging markets. Retail shops, original manufacturers' showrooms, and e-commerce are the three-different distribution channels for personal care products. Augmented reality is one of the tools followed by cosmetic providers to increase their market presence. These tools allow end-users to try the products virtually through mobile apps such as Makeup Genius by L'Oréal. All the above-mentioned factors are driving the growth of the global personal care market and the demand for personal care packaging. 

Key Personal Care Packaging Market Trend

Key Personal Care Packaging Market Challenge

 

The environmental concerns related to the use of plastic packaging will be a major challenge for the personal care packaging market during the forecast period. Most personal care product manufacturers prefer plastic packaging as it is cheaper, offers more flexibility in designing the packaging of the product, and retains the quality of the end product for a longer period. However, there are several concerns over the disposal of various polymers used in plastic products, which is affecting the adoption of plastic packaging. Many countries are introducing norms for reducing plastic waste. In January 2018, the UK government announced its plan to eliminate all avoidable plastic waste, including food packaging, by 2042. Many retailers are demanding more efficient and less wasteful packaging, mainly to address secondary packaging waste generated at retail sites. Many of the major brands, such as Aldi Stores Ltd., The Coca-Cola Co., Nestle SA, Unilever Group, Tesco Plc (Tesco), and The Procter & Gamble Co., are undertaking measures to reduce plastic usage. Such initiatives may reduce the use of plastic packaging in personal care products. 

This personal care packaging market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the personal care packaging market during the forecast period.

Who are the Major Personal Care Packaging Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Albéa Services SAS
• Amcor Plc
• AptarGroup Inc.
• Berry Global Group Inc.
• DS Smith Plc
• Gerresheimer AG
• HCP Packaging UK Ltd.
• Mondi Group
• Reynolds Group Holdings Ltd.
• Silgan Holdings Inc.

 

This statistical study of the personal care packaging market encompasses successful business strategies deployed by the key vendors. The personal care packaging market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• 3M Co. - This company offers a wide range of industrial and residential water filtration products and solutions.

• 3M Co. - Through the safety and industrial segment, the company offer a variety of products, including personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarkets, and roofing granules.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Personal Care Packaging Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain, and parent market of the personal care packaging market which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Personal Care Packaging Market?

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43% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for personal care packaging in APAC. Market growth in this region will be faster than the growth of the market in the European regions.

The growing e-commerce sales of personal care products and the rising demand for toiletries will facilitate the personal care packaging market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Personal Care Packaging Market?

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The personal care packaging market share growth by the plastic segment will be significant during the forecast period. A major share of the demand for plastic bottles comes from manufacturers of skin care products such as moisturizers and talcum powders. The growing demand for these products is expected to increase the demand for plastic packaging products such as ordinary plastic bottles and pump-dispenser plastic bottles. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the personal care packaging market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Personal Care Packaging Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of 2%
Market growth 2020-2024	$ 3.91 billion
Market structure	Fragmented
YoY growth (%)	1.71
Regional analysis	APAC, North America, Europe, South America, and MEA
Performing market contribution	APAC at 43%
Key consumer countries	US, China, UK, Germany, and Japan
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Albéa Services SAS, Amcor Plc, AptarGroup Inc., Berry Global Group Inc., DS Smith Plc, Gerresheimer AG, HCP Packaging UK Ltd., Mondi Group, Reynolds Group Holdings Ltd., and Silgan Holdings Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Personal Care Packaging Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive personal care packaging market growth during the next five years
• Precise estimation of the personal care packaging market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the personal care packaging industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of personal care packaging market vendors

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