Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 45.27 Billion | USD 94.33 Billion | 8.50% | 2023 |
The global personal care packaging market size was worth around USD 45.27 billion in 2023 and is predicted to grow to around USD 94.33 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.50% between 2024 and 2032.
The report covers forecast and analysis for the personal care packaging market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based revenue (USD Billion).
Personal care packaging is a rapidly growing industry with increased demand from various regions across the world. It refers to the packaging of products such as creams, oils, lotions, gel, and toiletries, among others. The packaging aids in attracting customers the brand through its visual appeal and providing relevant information about the product. The rising awareness among the manufacturers and marketing experts regarding the importance of packaging to attract customers is driving the market forward. The growing awareness among the population regarding healthy skin has increased the demand for personal care products which has consequently increased the demand for the packaging.
The products available to the customers in the personal care industry are generally very similar. Hence, packaging acts as the prime differentiator for the customers to opt for one brand over the other. Various government regulations on packaging could hamper the growth of this industry. To comply with these regulations, the product has to undergo various stringent tests before its launch in the market. This increases the cost and the time involved, escalating the price of the product for the customer. On the other hand, the rising awareness among the people of the BRIC (Brazil, Russia, India, and China) countries regarding skin care, high disposable income, and urbanization are expected to unwrap new opportunities for the personal care packaging market.
The study includes drivers and restraints for the personal care packaging market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the personal care packaging market on a global level.
In order to give the users of this report a comprehensive view of the personal care packaging market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product segment and application segment are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new application launch, agreements, partnerships, collaborations & joint ventures, research & development, application, and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to the region.
The study provides a decisive view of the personal care packaging market by segmenting the market based on product, application, and regions. All the segments have been analyzed based on present and the future trends and the market is estimated from 2024 to 2032.
Based on product, the market is segmented into flexible packaging, rigid plastics, paper, glass, metal, and others. Rigid plastics is expected to contribute more than 35% revenue share of the global personal care packaging market and it is predicted to continue its supremacy with significant gain over the forecast period as they are cheap, non-corrosive, and light; its superior properties of high impact strength, high rigidity, and high barrier properties will also aid to the market growth. Environmental awareness among the customers and high disposable income could persuade the customers to purchase products that are paper packed as opposed to plastic.
On the basis of application, the market is segmented into skin care, hair care, bath & shower, cosmetics, and others.
Report Attributes | Report Details |
---|---|
Report Name | Personal Care Packaging Market Research Report |
Market Size in 2023 | USD 45.27 Billion |
Market Forecast in 2032 | USD 94.33 Billion |
Growth Rate | CAGR of 8.50% |
Number of Pages | 110 |
Key Companies Covered | Amcor, Ardagh Group, Colgate-Palmolive Company, Gerresheimer, ITC, Mondi Plc, Procter & Gamble, Saint-Gobain, and Sonoco Products Company, among others. |
Segments Covered | By Product, By Application, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further classification into major countries including the U.S., the UK, Germany, France, China, Japan, India, and Brazil. This segmentation includes demand for personal care packaging market based on product and application in all the regions and countries.
North America accounted for more than 20% of the global market share and is expected to grow in the coming future due to the robust manufacturing of cosmetic products by Unilever, Johnson & Johnson and Procter & Gamble in the U.S. Moreover, rising demand for bio-based flexible packaging and paper on account of stringent government regulations for metal cans and glass packaging and the easy availability of the raw materials will further drive the personal care packaging market growth over the forecast period.
Latin American personal care packaging market is predicted to witness lucrative growth over the forecast period due to increasing demand for personal care products in Brazil. Furthermore, effective marketing strategies by companies including advertising campaigns and the increasing disposable income of people will further drive the personal care packaging growth over the forecast period.
The report also includes detailed profiles of end players such as:
By Product
By Application
By Region
FrequentlyAsked Questions
personal care packaging is a rapidly growing industry with increased demand from various regions across the world. It refers to the packaging of products such as creams, oils, lotions, gel, and toiletries, among others.
According to study, the global personal care packaging market size was worth around USD 45.27 billion in 2023 and is predicted to grow to around USD 94.33 billion by 2032.
The CAGR value of personal care packaging market is expected to be around 8.50% during 2024-2032.
North America has been leading the global personal care packaging market and is anticipated to continue on the dominant position in the years to come.
The global personal care packaging market is led by players like Amcor, Ardagh Group, Colgate-Palmolive Company, Gerresheimer, ITC, Mondi Plc, Procter & Gamble, Saint-Gobain, and Sonoco Products Company, among others.
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