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Personal Care Packaging Market Report Competition by Manufacturers, Type and Application, Growth and Opportunities 2022

03-15-2019 03:17 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Personal Care Packaging Market Report Competition

Rapid economic growth and increase in disposable income resulted in changing lifestyle patterns in emerging countries, such as China, India, and Brazil. This led to a rise in the consumption of personal care products, which has fueled the growth of the personal care packaging market. The advancement in packaging technologies and availability of personal care products in innovative designs, such as pumps, sprays, sticks, pen type, and rollers balls also boost the market growth.

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Personal Care Packaging Market Report, published by Allied Market Research, forecast that the global market was valued at $27,895 million in 2015, growing at a CAGR of 5.25% during the forecast period to reach $39,585 million by 2022. In 2015, the flexible packaging product segment accounted for two-fifths of the total share in terms of revenue.

Changing lifestyle patterns in emerging countries, such as China, India, and Brazil, owing to the rapid economic development and increase in disposable income fueled the growth of the personal care packaging market. Technological innovations in packaging designs, such as pumps, sprays, sticks, pen type, and rollers balls boost the growth of the personal care packaging market.

However, volatility in the prices of raw material such as polypropylene (PP) and high-density polyethylene (HDPE) is expected to hamper the growth of the market. Growing utilization of bioplastics and paper boards along with ongoing product development to improve packaging performance is expected to open new avenues during the forecast period.

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Personal Care Packaging Market Key Findings:

- Asia-Pacific is expected to continue to lead the market during the forecast period, followed by Europe.

- The flexible packaging product segment generated the highest revenue and is projected to grow at a CAGR of 5.63% during the forecast period.

- Skin care is the fastest growing application segment in the personal care packaging market, registering a CAGR of 5.44% during the forecast period.

- LAMEA accounted for the approximately one-fifth share of the personal care packaging market in 2015.

- The North American personal care packaging market is anticipated to grow at a CAGR of 5.51% from 2016 to 2022.

Asia-Pacific and Europe collectively contributed an approximately three-fourths share of the global personal care packaging market by revenue in 2015.

The key players operating in the world personal care packaging market are Mondi, Amcor Limited, Bemis Company, Inc., Ardagh Group, Colgate-Palmolive Company, Gerresheimer, ITC, Saint-Gobain, Sonoco Products Company, Bormioli Rocco Group, and Hindustan National Glass & Industries Ltd.

3: MARKET OVERVIEW

3.1 MARKET DEFINITION AND SCOPE

3.2 KEY FINDINGS
3.2.1 Top Impacting Factor
3.2.2 Top Winning Strategies
3.2.3 Top Investment Pockets
3.2.4 Market share Analysis, 2015

3.3 PORTERS FIVE FORCES ANALYSIS
3.3.1 Low Bargaining Power Of Suppliers Due To Large Number Of Suppliers And Low Switching Cost
3.3.2 High Bargaining Power Of Buyers Due To High Purchase Quantity And Low Switching Costs
3.3.3 Low Availability Of Substitutes Decreases Threat Of Substitutes
3.3.4 Low Threat Of New Entrants Due To Presence Of Dominant Players And Strict Government Regulations
3.3.5 Presence Of Numerous Players And Low Switching Cost Increases The Competition Among Rivalries

3.4 DRIVERS
3.4.1 Changing Lifestyle Patterns In Emerging Countries Due To Rapid Urbanization
3.4.2 Increase In Consumption Of Beauty Products And Cosmetics With Packaging Advancement Technology
3.4.3 Increasing Demand Of Flexible, And Lightweight Packaging Systems

3.5 RESTRAINTS
3.5.1 Unstable Price Of Raw Material

3.6 OPPORTUNITIES
3.6.1 Making Environmental Friendly Packaging With The Use Of Natural Ingredients And Recycling Process
3.6.2 Untapped Geographical Regions Offer Enormous Opportunities To The Personal Care Packaging Market

About Us:-

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Web: https://www.alliedmarketresearch.com

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