Global Personal Care Packaging Market Size Expected to Reach a Valuation of USD 35.20 Billion by 2023

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Segmentation

The global Personal Care Packaging Market Size has been segmented in terms of material, application, and product.

Regional Analysis

The global Personal Care Packaging Market Size is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and Rest-of-the-World (RoW).

The Asia Pacific region leads the global Personal Care Packaging Market Size. The regional market is expected to remain in the lead over the forecast period as well. The expanding range of product in personal care based on e-retailing and affordability are majorly pushing the need for packaging in the industry. Due to the increasing disposable incomes of consumers, they have increased their spending on premium quality personal care products. Add to this, the increasing percentage of manufacturing facilities for personal care goods and items in the Asia Pacific region is also pushing the growth of the market.

Elsewhere, the European regional market is projected to grow during the forecast period with the highest CAGR. In Europe, the personal care products industry is witnessing heavy investments on R&D activities. Increasing R&D activities is making companies lay focus on manufacturing products in accordance to the gender, age, ethnicity, geography and climate, health, wellbeing, and lifestyle of individuals. This is stimulating a positive growth in the European Personal Care Packaging Market Size.

Competitive Landscape

The global Personal Care Packaging Market Size comprises a host of key players. This includes names like Saint-Gobain S.A.(France), Amcor Limited (Australia), Ampac Holdings, LLC (U.S.), Bemis Company, Inc. (U.S.), Ardagh Group (Luxembourg), WestRock Company (U.S.), Sonoco Products Company (U.S.), Mondi Group (Austria), AptarGroup (U.S.), Albéa Services S.A.S.(France), Gerresheimer AG (Germany), HCT Packaging Inc.( U.S.), and others.

It was reported in the global Personal Care Packaging Market Size report that there is an ongoing trend, wherein preference is rapidly shifting towards more eco-friendly packaging solutions. Non-biodegradable materials like glass and paper are increasingly gaining massive popularity. The players in the market are seen experimenting with a number of other innovative packaging materials like silicone and melamine.

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