Beauty and Personal Care Packaging Market, 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
The global beauty and personal care packaging market estimated to grow at USD 9.45 billion in the consumer products market. The market has seen a growth of 4% and will grow over the forecasted period. Innovation in packagings such as vibrant shades and a wide range of shapes, sizes, and materials acting as a major driving factor for the growth of the market. Recent trend shows that companies spend more on packaging innovation rather than on production cost. High demand for packaging solutions and volatile raw material prices directly impact the packaging cost and profit margin of the vendors. Moreover, the packaging industry is fast changing coupling with consumer demand helps the vendors to become flexible with future requirements. Moreover, development of packaging styles and growth potential in emerging economies providing enormous opportunities for beauty and personal care products.
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