Know How Personal Care Packaging Market Is Thriving Continuously By Top Key Players

The global personal care packaging market is projected to reach around US$ 36,088.0 million by the end of 2027, in terms of revenue, growing at CAGR of 4.3% during the forecast period (2020-2027).

Personal care packaging is materials used for the packaging of personal care products in order to protect it from contamination and other damages. These materials include plastic, flexible packaging, paperboard, glass, and metals. Some of the advanced packaging’s comprise of pen type, pumps, sprays, sticks, and rollers balls. In terms of aesthetic value and lightweight property flexible packaging is gaining huge demand across the personal care packaging industry.

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Increasing investment by the government on R &D in order to develop advanced technologies for manufacturing efficient packaging systems is expected to propel the market growth. Growing demand for eco-friendly packaging products coupled with the rising preferences of intelligent packaging systems such as stand-up pouches is also projected to propel the market growth of the personal care packaging over the forecast period.

Market Restraints

The volatile price of raw materials used in the manufacturing of packaging products is expected to restrict the market growth of personal care packaging. Plastic packaging products are produced from crude oil and the gap in the demand and supply of crude due to economic factors affect the overall price of the raw materials. Thus, the fluctuating price of raw materials is expected to restrict market growth over the forecast period.

The growing popularity of male grooming products due to a rising sense of fashion is expected to offer potential growth opportunities to the market of personal care packaging. Rising demand for anti-aging cosmetic products coupled with the growing awareness regarding beauty among consumers is also expected to augment the market growth.

Growing oral hygiene among consumers is creating demand for oral care products which is expected to augment the market growth of personal care packaging. Rising demand for small-sized packaging due to ease of use and convenience at handling is also expected to foster the market growth of personal care packaging. Moreover, growth in the packaging industry due to economic development is further anticipated to augment market growth.

Competitive Section:

Company Names

Albea Group
Amcor Ltd
Ardagh Group
Bemis Company, Inc
Bormioli Rocco Spa
Gerresheimer
Heinz- Glas GmbH
Hindustan National Glass & Industries Ltd.
ITC
Koa Glass Co. Ltd
MeadWestvaco Corp
Mondi plc
Saint-Gobain
Sonoco Products Company

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