The Global Personal Care Packaging Market size is forecast to reach around $45 billion by 2025, after growing at a CAGR of 5% during 2020-2025. The rise in environment protection awareness, growing fashion trends among youngsters, growing public awareness of health and hygiene, and growing demand for biodegradable packaging materials from developed and developing regions drives the growth of Personal Care Packaging market share during the forecast period. Whereas, rise in health concerns about recent outbreaks of COVID-19 and increases the use of sanitation applications that also contribute to the growth of global Personal Care Packaging market size over the study period.
Product Type – Segment Analysis
The paper packaging segment is projected to witness a highest CAGR of 7.5% during the forecast period due to growing demand for environmentally sustainable products. Furthermore, the properties of paper packaging like wide availability, low weight, printability, high mechanical strength, reuse, and recycling after use makes it suitable for the use of various personal care products. Whereas, the growing awareness about environment safety, various personal care product manufacturers have inclined their focus towards the eco-friendly packaging products, which in turn drives the demand for paper type packaging. For instance, in March 2020, L’Oréal has developed a paper-based cosmetic tubes along with the global packaging firm Albea. The developed cosmetic tubes use a bio-based paper.
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Packaging Type – Segment Analysis
The bottle segment holds the highest share of more than 30% in the global Personal Care Packaging market in 2019 and is projected to grow at a significant rate during the forecast period. This growth is attributed to growing uses for the packaging of cosmetic products. The use of bottle packaging offers various benefits such as package integrity, non-reactive with content, Impermeable, Versatile, and having high tensile strength. Furthermore, the growing demand for flexible plastic bottles for packaging of sun care products such as creams, gels, and lotions and cosmetic bottles propels the growth of this segment during the forecast period.
Application – Segment Analysis
The skin care segment is projected to grow at the fastest CAGR of 7% in the global Personal Care Packaging market during the forecast period due to its technological advancement s in the packaging types and growing demand for skincare containers from fashion industry. Besides, the growth of the e-commerce sector in the developed and developing regions is driving the growth of this segment during the forecast period. Furthermore, the growing the awareness of the skin care products such as anti-ageing creams and facial marks removal cream among consumers is also contributing for the market growth.
Geography – Segment Analysis
Among the regions, the APAC region holds the largest share of more than 35% in 2019 and is projected to witness a highest CAGR of around 13% in the global Personal Care Packaging market followed by North America and Europe during the forecast period. The growing economies of South East Asian countries, changing lifestyle like “selfie lifestyle” increasingly indulge in high-end personal care products, growing disposable income, and rise in population propels the growth of this market in APAC region.
Drivers – Personal Care Packaging Market
Increasing demand for flexible packaging
Since the origin of the flexo-offset printing and sample packaging, the flexible packaging sector has been disrupted towards acquiring astonishing potential. Additionally, the flexible packaging industry is also growing owing to its individualities such as lightweight, flexibility, easy to dispose, ease of mobility, and minimal space requirement. Owing to such developments and economical traits, the flexible packaging market has found a tremendous scope of application in personal care applications. Ecological concerns related to the application of plastic is a major challenge faced by the flexible packaging market. But some of the companies have been capitalizing over this and assisting to the trend of applying bio-degradable plastics in their packaging operations. Whereas, the growing E-commerce sector is also driving the growth of flexible packaging market. Faster delivery of products is a major trend in the virtual retailing sector, thus flexible packaging is being highly employed by this blooming arcade for ease and efficiency during logistic operations. Furthermore, during shipment the rigid plastic and glass containers have a higher rate of breakage, hence flexible packing products like pouches are becoming more popular because they are less likely to burst.
Growing Personal Care Industry
The growing inclination towards organic personal care products is one of the promising trends to have emerged in the developed and developing regions that is driving the growth of personal care industry. Furthermore, the arrival of the fashion industry in the Western European countries particularly in France and Italy has provided various lucrative opportunities for the growth of the packaging materials in the personal care industry during the forecast period. Besides, the growing trend of fashion weeks globally is also contributing for the growth of personal care products, which in turn drives the growth of this market during the forecast period. For instance, according to Cosmetic Europe, the personal care and cosmetics industry has witnessed a growth of 1.3% in 2018 as compared to 2017.
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Challenges – Personal Care Packaging Market
Environmental concern regarding single use packaging products
The stringent regulations of European Union pressurized manufacturers to submit data regarding the long-term health impact of personal care packaging products, particularly hormonal effects and contributions to antibiotic-resistant bacteria in order to ascertain the safety of these packaging products. This combined with increasing stringency worldwide regarding the over the counter single use packaging products will hinder the market growth. Mostly personal care products are coming with plastic and glass packaging. The low recycling rate of single use personal care bottles is a major concern for the increasingly environmentally aware consumers. This will impact the personal care packaging market as well and could lead to a slow phasing out of these single use products from market.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Personal Care Packaging market report. Major players in the Personal Care Packaging Market industry outlook are Amcor Plc., RPC Group PLC, AptarGroup Inc., Cosmopak Ltd, Procter & Gamble, Rieke Packaging Systems Ltd., Albea SA, DS Smith PLC, and Gerresheimer AG, Raepak Ltd., among others.
In March 2019, Gerresheimer presented its glass creations for the international cosmetics market at Beautyworld Middle East in Dubai on the Persian Gulf. The glass innovation is on the basis of colors, shapes, and effects properties. The development of new products and its introduction at Beaytuworld will give products their unmistakable brand image internationally.