Personal Care Packaging Market – Overview
Personal care packaging is expected to experience an increase in the use of small packaging sizes, which facilitate greater convenience for consumers such as portability, and facilitates a wide range of consumers to access premium brands which offer high-end products in small packaging formats. Companies in personal care arena continue to push for recycling, moving towards greener positioning as consumers become more demanding in terms of sustainability.
The amplified demand for toiletries such as shampoos, soaps, cosmetics, body creams, and oil and toiletries are anticipated to boost the personal care packaging market. Reports that investigate the packaging and transport industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market shows the capability to gain income worth USD 35.20 billion by the end of 2023.
The rapid urbanization of various has raised the demand for personal care products, thus boosting the personal care packaging market. The availability of advanced packaging technology and the increasing importance of packaging are enticing the customers to use packaged products, which is anticipated to further increase growth opportunities in the forecast period.
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Key Players
The ideal companies featuring in the personal care packaging market report are
- WestRock Company (U.S.)
- Saint-Gobain S.A.(France)
- Ardagh Group (Luxembourg)
- Amcor Limited (Australia)
- Bemis Company, Inc. (U.S.)
- Gerresheimer AG (Germany)
- Albéa Services S.A.S.(France)
- Mondi Group (Austria)
- Sonoco Products Company (U.S.)
- Ampac Holdings, LLC (U.S.)
- AptarGroup (U.S.), and HCT Packaging Inc.( U.S.).
Segmental Analysis
The segmentation of the personal care packaging market is carried out on the basis of materials, products, applications, and regions. Based on the material, the market for personal care packaging comprises glass, plastic, metal, and others. The plastic segment is responsible for the major market share due to its suitability and hygienic qualities. Based on the product, the market for personal care packaging is segmented into pouches, jars, cans, bottles, tubes, and others. By the application, the personal care packaging market is segmented into cosmetics, skincare, fragrances, bath & shower, and others. Based on geography, the personal care packaging market consists of Europe, the Americas, Asia Pacific, and the Middle East & Africa.
Detailed Regional Analysis
The regional assessment of the personal care packaging market includes regions such as Europe, the Americas, Asia Pacific, and the Middle East & Africa. The Asia Pacific region’s personal care packaging market is anticipated to improve at an elevated pace throughout the forecast period. Advanced pack sizes, formats, and functionality, growing consumers of both grooming and personal care products is pushing the market development. Skin products and other styling products that offer UV protection is increasing consciousness about anti-aging products further. A clear trend in the global market is the transfer towards more eco-friendly packaging solutions. With plastic’s, non-biodegradable nature, other materials such as glass and paper are gaining admiration. Players are also seen investigating with other ground-breaking packaging materials such as silicone and melamine. The Asia Pacific region is anticipated to lift the demand for personal care packaging owing to the growing demand for good and luxurious products, concerned about the packaging and its regulations in regions that are expected to push the market in the coming period further.
Competitive Analysis
The establishment of constructive trade policies by quite a few nations is expected to transform the market’s growth potential. The optimistic synchronization achieved in the factors that encourage market growth has increased substantially. The upgrades seen in the raw materials utilized by the market are expected to motivate market progress in the coming years. The market is presently undergoing a phase of meteoric developments. The recalibration of the supply chains to incorporate leanness and efficiency is expected to intensify consumer satisfaction, further adding to the future expansion in the market. The availability of better production facilities in a strategic location is helping the competitors to offer better product experiences. The revitalization of capital venture inflow is expected to add strength to the market’s boom in the forecast period. The transformation in the economies of various developing nations around the world is estimated to reinforce the market progress outlook in the forecast period.
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TABLE OF CONTENT
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continues……
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