Personal Care Packaging Market is expected to reach $39,585 million by 2022 | Top 5 players are Colgate-Palmolive Company, Bemis Company, Amcor Limited, Ardagh Group, Gerresheimer

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.

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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.

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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.

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 the 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

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