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Summary
Beauty & Personal Care Packaging Market Size, Share, Growth, Trends, Analysis, Future Scope, By Materials (Plastics, Glass, Metal and other), Product (Bottles, Cans, Tubes, Pouches, Others), Application (Skincare, Cosmetics, Fragrances, Hair care and others) and Region - Forecast To 2023
Beauty and Personal Care Packaging Market Scenario
Beauty and personal care products have been the need of the hour by consumers globally due to the need to feel attractive. The plethora of products ranging from skin care to fragrances & deodorants and the attractive packaging accompanying it have stopped many shoppers online and offline. Market Research Future (MRFR) has compiled the global beauty and personal care packaging market report containing latest trends, consumer demographics, and opportunities.
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Competitive Outlook
Sonoco Products Company
Ardagh Group
Gerresheimer AG
Saint-Gobain S.A.
Mondi Group
AptarGroup
HCT Packaging Inc.
Albéa Services S.A.S.
Amcor Limited
Ampac Holdings
LLC
WestRock Company
Bemis Company, Inc.
are some of the notable names in the beauty and personal care packaging market.
The market is highly competitive in nature with all players vying for the top position. Expansion plans, mergers, and acquisitions are some of the strategies incorporated by these players.
Industry News
In 2019, the Toly Group has introduced a three-piece airtight refillable jar derived with the help of monomaterials which works in favor of its sustainable practices.
Market Outlook
The global beauty and personal care packaging market size can swell to USD 9.45 billion by 2023. It can experience a significant CAGR from 2017 to 2023 (forecast period). Innovation in beauty products on the categorization of skin color and demographics is likely to bode well for the market. Packaging in terms of shape, size, material, and shade can boost innovation and lower production costs.
The demand for personal care products in tandem with droolworthy packaging can entice customers and boost product sales. Moreover, emergence of exclusive stores coupled with first look at novel products can bolster the market demand during the forecast period. Rising demand for sustainable materials for packaging purposes coupled with consumer awareness can augment the market size till 2023.
Segmentation Analysis
The global beauty and personal care packaging market is segmented on the basis of material, product, and application.
By material, the market is segmented into plastics, glass, metal, and others.
By product, the market is segmented into bottles, cans, pouches, tubes, and others.
By application, the market is segmented into hair care, skincare, fragrances, cosmetics, and others. The skincare application is expected to accrue high revenues for the market due to immense demand for anti-acne products, body lotions, and anti-aging products. Moreover, use of 3D printing for creating customized packages and creating attractive designs for cosmetic brands can drive the segment revenue.
Regional Analysis
Geography-wise, the global beauty and personal care packaging market encompasses North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
The APAC region is predicted to dominate the global market till 2023 due to rapid economic growth and changing lifestyles of consumers. The growth of the cosmetic industry, improved standards of living, and changing beauty standards are other drivers of the regional market. Moreover, the use of social media influencers for spreading the word on latest products can play a pivotal role in transforming the fortunes of the beauty and personal care packaging market. Investments in research and development for natural ingredients and sustainable packaging materials can augur favorably for the market.
North America is the region with high growth potential due to product innovations, pollution, and aging populace. Focus on living healthy lifestyles in tandem with awareness of natural and organic ingredients can lead to the development of such products as well as its subsequent packaging. The U.S. is likely to be the biggest revenue generator due to use of infomercials, use of media and social for promotion of products, and celebrity endorsements. Differentiation of products according to price and expansion of offerings by manufacturers to cater to several demographics can drive the regional market growth.
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…..
List Of Figures
FIGURE 1 RESEARCH PROCESS OF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
Continues…..
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Phone: +1646 845 9312
Website: https://www.marketresearchfuture.com/reports/beauty-personal-care-packaging-market-5528
Release ID: 88909406
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