In a recent published report, Kenneth Research has updated the market report for Personal Care Packaging Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Personal Care Packaging Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Personal Care Packaging Market is estimated to reach $44.2 Billion by 2024; growing at a CAGR of 5.4% from 2016 to 2024. Personal care packaging includes primary packaging of toiletries, make-up, skin and body care, and others. Packaging are used to communicate the trends and brand values with consumers. It also provides detailed information about the ingredients, and creates a positive impact about the brand on consumers. Moreover, manufacturers are now focusing on minimal packaging with high chemical resistance, as consumers are demanding for more convenient and portable packages. Hygiene rituals among consumers are becoming more advanced and reusable and recyclable packaging are also setting a major trend among the consumers.
The global personal care packaging market is driven by factors such as high penetration of cosmetics and beauty products, rapid urbanization and shifting consumer’s lifestyle, rising awareness among brand owners, and rising significance of packaging to attract maximum consumers. Though, changes in legislation on safety of personal care products could hamper the progress of the market. Furthermore, light weight packaging with high durability and green packaging could provide numerous future scope in the coming years.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The global personal care packaging market is segmented on the basis of product type, application, and geography. By product type, the market is segmented as rigid plastic, flexible packaging, paper, glass, metal, and others (nonwoven fabric, cardboard etc.). Further the personal care packaging market is segmented by application as hair care, skin care, bath and shower, cosmetics, and others (oral care, wipes, and cotton pads).
Based on geography, personal care packaging market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and others. Asia-Pacific is segmented into India, China, Japan, and others while RoW is bifurcated into South America, Middle East, and Africa.
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The key market players include Colgate-Palmolive Company, Amcor Ltd., Bemis Company Inc., Sonoco Products Company, Gerresheimer AG, ITC Ltd., Mondi Plc, Albea S.A., Crown Holdings, Inc., and Bormioli Rocco SpA, among others.
The key takeaways from the report
The report will provide detailed analysis of Global Personal Care Packaging Market with respect to major segments such as product type, and application. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Global Personal Care Packaging Market has been included in the report. Profile of the key players in the Global Personal Care Packaging Market will be provided, which include key financials, product & services, new developments and business strategies.
Scope of Personal Care Packaging Market:
Product Segments
Rigid Plastic
Flexible Packaging
Paper
Glass
Metal
Other Products (Nonwoven Fabric, Cardboard)
Application Segments
Hair Care
Skin Care
Bath & Shower
Cosmetics
Other Applications (Oral Care, Wipes, Cotton Pads)
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Others
Asia Pacific
India
China
Japan
Others
RoW
South America
Middle East
Africa
Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
Chapter 4 Personal Care Packaging Market by Product: Market Size and Forecast, 2015 – 2024
4.1 Overview
4.2 Flexible Packaging
4.2.1 Current Trend and Analysis
4.2.2 Market Size and Forecast
4.3 Rigid Plastic
4.3.1 Current Trend and Analysis
4.3.2 Market Size and Forecast
4.4 Glass
4.4.1 Current Trend and Analysis
4.4.2 Market Size and Forecast
4.5 Paper
4.5.1 Current Trend and Analysis
4.5.2 Market Size and Forecast
4.6 Metal
4.6.1 Current Trend and Analysis
4.6.2 Market Size and Forecast
4.7 Other Products (Nonwoven Fabric, Cardboard)
4.7.1 Current Trend and Analysis
4.7.2 Market Size and Forecast
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