Beauty and Personal Care Packaging Market Research Report - Forecast To 2023
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. Report Sample @ https://www.marketresearchfuture.com/sample_request/5528
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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<strong>Beauty</strong> <strong>and</strong> <strong>Personal</strong> <strong>Care</strong> <strong>Packaging</strong> <strong>Market</strong> <strong>Research</strong><br />
<strong>Report</strong> - Global <strong>Forecast</strong> to <strong>2023</strong><br />
Industry Survey, Growth, Competitive L<strong>and</strong>scape<br />
<strong>and</strong> <strong>Forecast</strong>s to <strong>2023</strong><br />
PREPARED BY<br />
<strong>Market</strong> <strong>Research</strong> Future<br />
(Part of Wantstats <strong>Research</strong> & Media Pvt. Ltd.)
<strong>Beauty</strong> <strong>and</strong> <strong>Personal</strong> <strong>Care</strong> <strong>Packaging</strong> <strong>Market</strong><br />
<strong>Beauty</strong> <strong>and</strong> <strong>Personal</strong> <strong>Care</strong> <strong>Packaging</strong> <strong>Market</strong>, By Materials (Plastics, Glass, Metal <strong>and</strong> other), Product (Bottles, Cans, Tubes,<br />
Pouches, Others), Application (Skincare, Cosmetics, Fragrances, Hair care <strong>and</strong> others) <strong>and</strong> Region - <strong>Forecast</strong> <strong>To</strong> <strong>2023</strong><br />
The global beauty <strong>and</strong> personal care packaging market estimated to grow at USD 9.45 billion in the consumer products market. The market has seen a<br />
growth of 4% <strong>and</strong> will grow over the forecasted period. Innovation in packagings such as vibrant shades <strong>and</strong> a wide range of shapes, sizes, <strong>and</strong><br />
materials acting as a major driving factor for the growth of the market. Recent trend shows that companies spend more on packaging innovation rather<br />
than on production cost. High dem<strong>and</strong> for packaging solutions <strong>and</strong> volatile raw material prices directly impact the packaging cost <strong>and</strong> profit margin of<br />
the vendors. Moreover, the packaging industry is fast changing coupling with consumer dem<strong>and</strong> helps the vendors to become flexible with future<br />
requirements. Moreover, development of packaging styles <strong>and</strong> growth potential in emerging economies providing enormous opportunities for beauty <strong>and</strong><br />
personal care products.<br />
<strong>Beauty</strong> <strong>and</strong> personal care packaging market are expected to experience rapid growth during the forecast period due to the major driving factors such as<br />
dem<strong>and</strong> for creative <strong>and</strong> innovative cosmetic packaging, dem<strong>and</strong> for luxury <strong>and</strong> natural cosmetic products, <strong>and</strong> increased daily use of personal care<br />
products. Additionally, advancement in packaging technologies <strong>and</strong> availability of personal care products in innovative designs, such as pumps, sprays,<br />
sticks, pen type, <strong>and</strong> rollers balls also pushing the market towards growth.<br />
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<strong>Beauty</strong> <strong>and</strong> <strong>Personal</strong> <strong>Care</strong> <strong>Packaging</strong> <strong>Market</strong><br />
The dem<strong>and</strong> for cosmetic products depends on the packaging of the product <strong>and</strong> the quality. Most of the responsible factor for the growth of the<br />
packaged products are creative packaging <strong>and</strong> increasing the shelf life of the product. Moreover, increasing dem<strong>and</strong> for the advanced packaging<br />
materials is driving the growth of the cosmetic industry, which is expected to increase the growth of the packaged products during the forecast period.<br />
According to L’Oreal/FBIC Global Retail & Technology, the global beauty product market was ~USD 371 billion in 2011 <strong>and</strong> USD 399 billion in 2014.<br />
<strong>Beauty</strong> <strong>and</strong> <strong>Personal</strong> <strong>Care</strong> <strong>Packaging</strong> <strong>Market</strong>, by segment<br />
The beauty <strong>and</strong> personal care packaging market is experiencing various changes <strong>and</strong> evolving customer expectations such as availability of small sizes<br />
<strong>and</strong> speedy technological innovation. On the basis of the materials, it includes plastics, glass, metal <strong>and</strong> other, by product includes bottles, jars, <strong>and</strong><br />
cans, tubes, pouches, <strong>and</strong> others. It shows huge opportunities to plastic packaging manufacturers <strong>and</strong> focusing on launching innovative pack formats,<br />
sizes, <strong>and</strong> functionality with leading pack types in response to consumer dem<strong>and</strong> for convenience. On the basis of the application, the market is<br />
segmented into skincare, cosmetics, fragrances, hair care, <strong>and</strong> others. In terms of the region, the global market is segmented into four major regions<br />
including North America, Europe, Asia Pacific, <strong>and</strong> RoW. In terms of the geography, Asia Pacific accounted for the majority market share, <strong>and</strong> is likely<br />
to dominate the market over the forecast period.<br />
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<strong>Beauty</strong> <strong>and</strong> <strong>Personal</strong> <strong>Care</strong> <strong>Packaging</strong> <strong>Market</strong><br />
Segmentation<br />
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<strong>Beauty</strong> <strong>and</strong> <strong>Personal</strong> <strong>Care</strong> <strong>Packaging</strong> <strong>Market</strong><br />
Regional Analysis<br />
Rapid economic growth <strong>and</strong> increase in disposable income are projected to change the lifestyle pattern. China is predicted to open new growth<br />
opportunities in the beauty <strong>and</strong> personal care packaging market over the coming years. Rapidly growing cosmetic industry, changing packaging <strong>and</strong><br />
improving the st<strong>and</strong>ard of living have amplified the dem<strong>and</strong> for beauty <strong>and</strong> personal care packaging market, positively. A new trend in research <strong>and</strong><br />
development carried out by the packaging manufacturers with a focus on advantageous locations for production <strong>and</strong> short-distance supply to reduce<br />
costs acts as a major factor for the growth of the Asia Pacific region.<br />
Extensive research in this market has brought to light that expansion is the key strategy adopted by the major players in the global beauty <strong>and</strong> personal<br />
care packaging market. This strategy is widely adopted to spread their geographical presence <strong>and</strong> achieve operational efficiencies.<br />
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<strong>Beauty</strong> <strong>and</strong> <strong>Personal</strong> <strong>Care</strong> <strong>Packaging</strong> <strong>Market</strong><br />
Key Players<br />
Some of the key players operating the global beauty <strong>and</strong> personal care packaging market includes Amcor Limited (Australia), WestRock Company<br />
(U.S.), Saint-Gobain S.A.(France)., Bemis Company, Inc. (U.S.)., Mondi Group (Austria), Sonoco Products Company (U.S.), Albéa Services<br />
S.A.S.(France), Gerresheimer AG (Germany), Ampac Holdings, LLC (U.S.), AptarGroup (U.S.), Ardagh Group (Luxembourg), <strong>and</strong> HCT <strong>Packaging</strong><br />
Inc.( U.S. )<br />
Press Release Available @ https://www.marketresearchfuture.com/press-release/beauty-<strong>and</strong>-personal-care-packaging-market<br />
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