Beauty and Personal Care Packaging Market Global Industry Analysis, Development, Opportunities, Future Growth and Business Prospects by Forecast To 2027
Market Highlights:
Packaging plays an important role in branding products. The look of
any product is a criucial factor of its market appeal, besides its quality.
According to the recent studies, global packaging industry is likely to rise
till 2020. The packaging industry is fronting a transformation due to various
factors such as new demographic conditions, new customer demands, and growing
purchasing power. These factors are initiating to rethink on the use of the
packaging materials and manufacturing processes. Emerging economies are
creating new opportunities and satisfying the expectations of populations. According
to the Joint Committee of German Packaging Manufacturers (GADV), the German
packaging market remain unchanged between 2014 and 2015 and in upcoming period,
Germany is expected to see a boom in the packaging industry, triggered by
innovative packaging methods. The increasing adoption of lightweight rigid
plastics is one of the key drivers likely to continue propelling the growth of
this market over the forecasted period. The latest trend shows that
lightweight packaging is becoming popular among the consumers because it helps
to reduce transportation and carriage costs significantly leading to increased
profits.
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Beauty
And Personal Care Packaging include packaging of a variety of products
from shampoos, conditioners, perfumes, lipsticks, deodorants, and makeup for
skin care products. However, volatile raw material prices are expected to act
as a challenge to market growth.
Key Market Players:
Some of the key players in global beauty and personal care
packaging market includes Amcor Limited (Australia), WestRock Company (U.S.),
Saint-Gobain S.A.(France)., Bemis Company, Inc. (U.S.)., Mondi Group
(Austria), Sonoco Products Company (U.S.), Albéa Services S.A.S.(France),
Gerresheimer AG (Germany), Ampac Holdings, LLC (U.S.), AptarGroup (U.S.), Ardagh
Group (Luxembourg), and HCT Packaging Inc.( U.S. )
Market Research Analysis:
The global beauty and personal care packaging market is dynamic and expected to
witness a high growth over the forecast period. Packaging is of key importance
for cosmetic products and its changing trend over a period of time become more
simple and natural. Beauty and personal care packaging have added importance as
it is one of the factors influencing consumer buying decision for a cosmetic
product.
The packaged products are designed to protect the goods from different types of
damages such as atmospheric, magnetic, electrostatic, vibration or shock. The
products include different types of boxes or storage container and others. The
demand for packaged goods is increasing because they are widely used by online
shopping industry. Furthermore, the e-commerce industry is fueling the demand
for the packaged products. The growing trend of internet shopping worldwide
signifies the need for protective packaging that can prevent the products from
damaging while transporting or storing.
By 2023, the global beauty and personal care packaging industry are projected
to grow by 15.5% due to the high demand for flexible packaging, bottles, spray
cans, and others. Increasing prominence towards looks and appearance and usage
of makeup on a regular basis are the some of the drivers helping the market
growth.
Scope of the Report
This study provides an overview of the global beauty and personal care
packaging market, tracking one market segment across four geographic regions.
The report studies key players, providing a five-year annual trend analysis
that highlights market size, volume, and share for North America, Europe, Asia
Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast,
focusing on the market opportunities for the next five years for each region.
The scope of the study segments the global Beauty and Personal Care Packaging
market by its material, product, application, and region.
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