(MENAFN- IMARC Group)
IMARC Group's report titled “Personal Care Packaging market Report by Material Type (Plastic, Glass, Metal, Paper), Packaging Type (Bottles, Jars, Pouches, Tubes, Cans, and Others), Application (Skin Care, Hair Care, Bath and Shower, Cosmetics, and Others), and Region 2024-2032” . The global personal care packaging market size reached US$ 34.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 49.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/personal-care-packaging-market/requestsample
Factors Affecting the Growth of the Personal Care Packaging Industry:
Advancements in packaging materials are contributing to the growth of the market. In addition, the growing concerns among individuals about environmental sustainability are offering a positive market outlook. Furthermore, the rising use of eco-friendly materials, such as bioplastics, recycled plastics, and compostable packaging options, is propelling the growth of the market. Apart from this, brands are investing in research and development (R&D) activities to discover new materials that offer both sustainability benefits and functional properties, such as durability, barrier protection, and shelf stability.
Stringent Regulatory Requirements:
Governing agencies of several countries are implementing stringent regulations for safety standards and labeling requirements, which are impelling the market growth. In addition, compliance with regulations is essential for ensuring product safety and enhancing trust among individuals. Regulatory changes, including bans on certain packaging materials or ingredients, are driving companies to reformulate products and redesign packaging to meet evolving standards. Apart from this, regulations related to product claims, such as organic or natural, influence packaging design and labeling strategies, which are supporting the market growth.
Changing Preferences of Individuals:
The rising demand for personal care packaging due to changing preferences of individuals is contributing to the market growth. In addition, the increasing focus on sustainability, convenience, and aesthetics are bolstering the market growth. Furthermore, people are preferring packaging solutions that align with their values and lifestyles. Besides this, brands are introducing eco-friendly materials, user-friendly designs, and visually appealing packaging options, which is impelling the market growth. The rising demand for customization and personalization in packaging is also supporting the market growth.
Leading Companies Operating in the Global Personal Care Packaging Industry:
Albea Group Amcor plc (Bemis Co) AptarGroup Inc Ardagh Group S.A. Crown Holdings Inc. Gerresheimer AG ITC Limited Mondi plc ProAmpac Holdings Inc. Silgan Holdings Inc Sonoco Products Company WestRock Company Winpak Ltd
Personal Care Packaging Market Report Segmentation:
By Material Type:
Plastic Glass Metal Paper
Plastic represents the largest segment on account of its versatility, cost-effectiveness, and durability.
By Packaging Type:
Bottles Jars Pouches Tubes Cans Others
Bottles hold the biggest market share as they are highly functional for storing and dispensing various personal care products, such as shampoos, conditioners, body washes, and lotions.
By Application:
Skin Care Hair Care Bath and Shower Cosmetics Others
Skin care accounts for the largest market share due to the rising awareness among individuals about the importance of maintaining healthy skin.
Regional Insights:
North America (United States, Canada) Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others) Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa
Asia Pacific enjoys a leading position in the personal care packaging market, which can be attributed to the presence of several manufacturing hubs.
Global Personal Care Packaging Market Trends:
Product differentiation through packaging design and functionality is essential for personal care brands to stand out and grab the attention of individuals. Innovative packaging solutions that offer unique features, such as dispensing mechanisms, multi-functional designs, or interactive elements, help differentiate products from competitors and create memorable brand experiences. Besides this, companies can enhance brand perception and build loyalty among individuals.
Apart from this, the rising demand for packaging solutions that are durable, secure, and cost-effective for shipping and handling due to the thriving e-commerce industry is propelling the market growth. Personal care brands are adapting their packaging designs to meet the specific requirements of online retail platforms.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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