According to the latest report published by Variant Market Research, the global personal care packaging market size is projected to reach $44.2 Billion by 2024 from $29.1 Billion in 2016. In this report, personal care packaging market forecast says that the global market is growing at 5.4% CAGR from 2016 to 2024. Geographically, Asia-Pacific and North America are expected to grow at a CAGR of 5.7% and 5.5%, respectively, over the forecast period.

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Changing consumer lifestyle to boost the global market
The global personal care packaging market trend comprises rapid urbanization, rising demand for cosmetics and beauty products, mounting importance of packaging to attract maximum consumers, changing consumer lifestyle, as well as advancements in packaging technology. However, strict guidelines on safety of personal care products might limit the personal care packaging market growth. Furthermore, high durability, light weight, and green packaging would offer an opportunity for players of market.

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Market Segmentations

The global personal care packaging market is classified into product type, application and geography. Product type segment includes flexible packaging, rigid plastic, glass, paper, metal, and others (nonwoven fabric, cardboard). Further, the market is classified on basis of application into skin care, hair care, cosmetics, bath & shower, and others (oral care, wipes, and cotton pads). North America (U.S., Mexico, and Canada), Europe (France, Italy, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

Flexible packaging, by product type dominated the global market in 2016
In 2016, flexible packaging in the product type dominated the global market with maximum market share and expected to continue its dominance over the forecast period, 2016– 2024. The growth of this segment is driven by its high durability, high aesthetic value, as well as lightweight property, so making it perfect for personal care packaging.

Skin care of application segment, accounted for the largest share of the personal care packaging market in 2016

In the application segment, skin care held the major market shares in 2016, and likely to be predominant during the forecast period 2016– 2024. Factors such as growing consumer concerns about the adverse effects of pollution as well as global warming and increasing responsiveness about beauty are driving the growth of this segment. Additionally, growing fondness among male consumers for skin care products coupled with huge necessities of anti-aging creams will boost growth of this segment over coming years.

Asia-Pacific dominated the global market in 2016
Asia-Pacific held major market share of 54.4% in 2016 and anticipated to continue its dominance over the forecast period, 2016– 2024. Rapid growth in disposable income, rising brand loyalties, and rapid increase in men’s grooming and baby care products in the region (including Australia) are the factors responsible for the growth of the Asia-Pacific personal care packaging market. Europe (including countries such as Moldova and Romania) accounted for the second largest market share position with 18.7%.

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Competitive Landscape

Key players are offering innovative products and services to increase their personal care packaging market share. Major players of the market are Albea S.A., Amcor Ltd., Bemis Company Inc., Mondi Plc, Sonoco Products Company, Gerresheimer AG, ITC Ltd., Colgate-Palmolive Company, Bormioli Rocco SpA, and Crown Holdings, Inc., among others.

Scope of Personal Care Packaging Market

Product Segments
• Flexible Packaging
• Rigid Plastic
• Glass
• Paper
• Metal

• Other Products (Nonwoven Fabric, Cardboard)
Application Segments
• Skin Care
• Hair Care
• Cosmetics
• Bath & Shower
• Other Applications (Oral Care, Wipes, Cotton Pads)

Geographical Segments
• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Others

• Asia Pacific
o India
o China
o Japan
o Others

• RoW
o South America
o Middle East
o Africa

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3. Global Beauty Devices Market is Estimated to Reach $113 Billion by 2024, Says Variant Market Research
4. Global Lingerie Market is Estimated to Reach $62 Billion by 2024, Says Variant Market Research
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