Personal Care Packaging Market

Global Personal Care Packaging Market is valued at USD 32.26 Billion in 2022 and it is expected to reach USD 47.99 Billion by 2029 with a CAGR of 5.84% over the forecast period.

Scope of Market Report:

Personal care packaging refers to the materials used for packaging and delivering personal care products like cosmetics, skincare, and hygiene products. Personal care packaging plays an essential role in protecting the quality and safety of these products during transportation, storage, and use. Personal care packaging has been used for decades, but the packaging materials and design have evolved over time. In the early days, personal care products were packaged in simple glass bottles, jars, and tin containers. However, with advances in technology and changes in consumer preferences, packaging has become more complex, diverse, and innovative.

Personal care packaging is used to package a wide range of products, including cosmetics, skincare, haircare, fragrance, oral care, and hygiene products. It includes different types of materials like plastic, glass, metal, and paper, and can be in the form of bottles, jars, tubes, pumps, and sprays. The end-users of personal care packaging are the manufacturers of personal care products who use these packaging materials to package their products. The end-users are typically companies in the personal care industry, including large multinational corporations and small and medium-sized enterprises.

COVID-19 Impact on the Personal Care Packaging market:

The COVID-19 pandemic has had both positive and negative impacts on the personal care packaging industry. On the positive side, the increased focus on hygiene and cleanliness has led to higher demand for personal care products, resulting in increased demand for personal care packaging. However, the pandemic has also disrupted supply chains, resulting in shortages of raw materials and increased transportation costs, which have impacted the cost and availability of personal care packaging.

Key Market Players :

Some major key players for the global Personal Care Packaging market report cover prominent players like

• Amcor plc
• Berry Global Group Inc.
• AptarGroup Inc.
• Gerresheimer AG
• RPC Group plc
• Albea S.A.
• Silgan Holdings Inc.
• Ardagh Group S.A.
• Sealed Air Corporation
• Smurfit Kappa Group plc
• Crown Holdings Inc.
• Huhtamaki Oyj
• DS Smith plc
• Essel Propack Ltd.
• Nampak Ltd.
• Mondi Group
• Tetra Laval International S.A.
• Bemis Company Inc.
• Coveris Holdings S.A.
• WestRock Company
• Sonoco Products Company
• Winpak Ltd.
• CCL Industries Inc.
• Glenroy Inc.
• Flex Ltd.
• TricorBraun Inc.
• ProAmpac Holdings Inc.
• Berlin Packaging LLC
• Berk Company LLC
• Guala Closures Group
• CKS Packaging Inc.
• IPL Pl.

Segmentation:

By Material:

• Glass
• Plastic
• Polyethylene Terephthalate (PET)
• Polyethylene
• Polypropylene
• Paper
• Metal

By Product:

• Skincare
• Hair Care
• Baby Care
• Oral Care
• Fragrances
• Bath And Shower
• Deodrants
• Sun Care
• Others

By Packaging:

• Plastic Bottles And Containers
• Glass Bottles And Containers
• Metal Containers
• Folding Cartons
• Corrugated Boxes
• Tube And Stick
• Caps And Closures
• Pump And Dispenser
• Flexible Plastic Packaging
• Other Packaging Types

By Regional & Country Level:

• North America

  • S.
  • Canada

• Europe

  • K.
  • France
  • Germany
  • Italy

• Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia

• Latin America

  • Brazil
  • Mexico

• Middle East and Africa

  • GCC
  • Africa
  • Rest of Middle East and Africa

North America:

North America is a major market for personal care packaging, with the United States and Canada being the key countries in the region. The market in North America is driven by the growing demand for sustainable and eco-friendly packaging solutions, the increasing adoption of e-commerce platforms, and the presence of leading personal care product manufacturers in the region. For example, the Sustainable Packaging Coalition has set a target for 100% of packaging in North America to be reusable, recyclable, or compostable by 2025.

Europe:

Europe is a significant market for personal care packaging owing to the presence of a large number of personal care product manufacturers, and growing demand for sustainable and eco-friendly packaging solutions, personal care packaging manufacturers in Europe are investing in the development of new materials and technologies.

The use of recycled materials in packaging is becoming more common in Europe. According to the European Federation of Bottled Waters, 60% of all PET bottles in Europe are now collected for recycling, and the recycled PET content in new bottles has increased from 6% in 2005 to 28% in 2019.

Market Revenue generation model:

The revenue generation model for personal care packaging is based on the sale of packaging materials to manufacturers of personal care products. The revenue generated depends on the volume and type of packaging materials sold, the pricing strategy adopted by the manufacturer, and the market demand.

Supply chain model:

The supply chain for personal care packaging includes raw material suppliers, packaging manufacturers, personal care product manufacturers, distributors, and retailers. The supply chain is complex and involves multiple intermediaries, making it challenging to manage and optimize.

Value chain model:

The value chain for personal care packaging includes activities such as research and development, design, manufacturing, marketing, and distribution. Each activity adds value to the final product and contributes to the success of the industry.

Market Drivers:

Increasing demand for personal care products:

The growing demand for personal care products, such as cosmetics, skincare, and hygiene products, is driving the demand for personal care packaging. However, According to a report by the Confederation of Indian Industry (CII), the Indian personal care market is expected to reach USD 20 billion by 2025. For example, according to a survey by McKinsey & Company, 75% of consumers have changed their personal care routines since the start of the COVID-19 pandemic, with 25% reporting using more personal care products.

Innovation and development of new packaging materials:

The development of new and innovative packaging materials, such as bioplastics and sustainable packaging, is driving the growth of the personal care packaging market. Consumers are increasingly demanding eco-friendly and sustainable packaging, which is driving manufacturers to invest in new materials and technologies.

For example, according to the Sustainable Packaging Coalition, the use of sustainable packaging can reduce greenhouse gas emissions by up to 43%, water usage by up to 58%, and energy usage by up to 60%. The Sustainable Packaging Coalition also notes that 68% of consumers prefer to buy products in packaging made from sustainable materials.

Market Restraints:

Fluctuating raw material prices:

The prices of raw materials used in personal care packagings, such as plastics and metals, can be volatile and subject to fluctuations in the global commodities market. This can impact the cost of manufacturing and the profitability of personal care packaging companies.

For example, the price of crude oil, a key raw material used in the production of plastics, has been subject to significant fluctuations in recent years. For example, the average price of Brent crude oil was around USD 64 per barrel in 2019, but dropped to around USD 42 per barrel in 2020 due to the COVID-19 pandemic, before rising to around USD 65 per barrel in 2021, according to data from the World Bank.

Stringent regulations:

Governments around the world are imposing stringent regulations on the use of certain packaging materials, such as plastic, in an effort to reduce waste and pollution. This is driving up the cost of compliance for manufacturers and limiting their ability to use certain materials.

Opportunity Factors:

Growing demand for eco-friendly and sustainable packaging:

Consumers are becoming increasingly environmentally conscious, and are seeking products that are packaged in eco-friendly and sustainable materials. This has created an opportunity for personal care packaging manufacturers to develop and market products that use recycled and biodegradable materials.

Increasing demand for personalized and customizable packaging:

Consumers are looking for products that are tailored to their specific needs and preferences. This has created an opportunity for personal care packaging manufacturers to offer customizable packaging solutions, such as packaging with unique shapes, sizes, and designs.

Growing adoption of e-commerce platforms:

The rise of e-commerce platforms has created an opportunity for personal care packaging manufacturers to develop packaging solutions that are optimized for online sales, such as lightweight and easy-to-ship packages.

Market Trends:

Product and technology development:

Personal care packaging manufacturers are investing in product and technology development to offer innovative packaging solutions that meet the evolving needs of consumers. For example, manufacturers are developing packaging solutions that incorporate smart technology, such as sensors that can detect product usage and provide real-time feedback to consumers.

Customer trends:

Personal care packaging manufacturers are responding to changing customer trends by offering packaging solutions that meet the unique needs of different consumer groups. For example, manufacturers are developing packaging solutions that are designed specifically for the needs of the aging population, such as packaging with larger font sizes and easy-to-open lids.

Market Competition Nature:

The personal care packaging market is highly competitive, with a large number of manufacturers competing for market share. Key players in the market are investing in marketing and branding efforts to differentiate their products and stand out in a crowded market.

Past/Future strategies of key market players: Key market players in the personal care packaging market have implemented a range of strategies to stay competitive and grow their market share.

• Acquisitions and mergers to expand their product portfolio and enter new markets
• Investing in product and technology development to offer innovative packaging solutions
• Collaborating with other companies to develop new packaging materials and solutions
• Expanding their distribution networks to reach new customers and markets.

Key Benefits of Global Personal Care Packaging Market Report–

• Global Personal Care Packaging Market report covers in-depth historical and forecast analysis.
• Global Personal Care Packaging Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and Country Level.
• Global Personal Care Packaging Market report helps to identify opportunities in the marketplace.
• Global Personal Care Packaging Market report covers an extensive analysis of emerging trends and the competitive landscape.