Personal Care Packaging Market Trends and Forecasts, 2024

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Personal Care Packaging Market Share, Size, Analysis, Growth,
Trends and Forecasts to 2024 | Hexa Research
The worldwide personal care packaging market is likely to surpass USD 37.2 billion by
2024. ‘Packaging technology’ innovations coupled with increasing consumption of beauty
& cosmetic products should propel the market during the forecast period (2015 to 2024).
Escalating demand for skin & hair products (due to awareness towards healthy living) will
also fuel market growth.
In addition, greater consumption of nail paints, perfumes, and aftershaves could boost
market demand. On the basis of applications, ‘skin care’ led the market in 20 14. This
segment contributed over USD 7 billion the same year. It is predicted to experience
significant gains owing to awareness regarding cosmetics. Concerns regarding global
warming and pollution may also drive this application.
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‘Bath & shower’ accounted for over 20% shares in 2014. This application will undergo
expansion till 2024. The same would be attributed to awareness about hygiene & health,
especially in Asia Pacific and the Middle East. Also, inclination towards shower gels, body
washes, and liquid soaps & bars can boost segment sales.
In view of products, ‘flexibles’ dominated the personal care packaging market in 2014. This
segment is estimated to experience considerable expansion during the forecast period. It
should notice over 6% CAGR in the same period. Demand for the ‘metals’ segment will
decrease in the coming seven years. The same would be credited to this product’s negative
environmental effects, high storage expenses, and heavyweight.
With respect to packagings, bottles were the leading segment in 2014. Bottles generated
over 28% of the total incomes that year. They are projected to dominate the market in the
near future. This should result from their wide adoption across skin & hair care and shower
& bath products. In terms of regions, ‘Asia Pacific’ dominated the market in 2014. It stood
over USD 8.1 billion the same year.
‘MEA’ is anticipated to expand significantly (at over 7%) in the seven years ahead.
Augmenting demand for perfumes in Kuwait, Saudi Arabia, and U.A.E. could fuel this
region. MEA would also be propelled by its higher purchasing pow er and active & young
populace. Leading participants in the global personal care packaging market are Albea
Group, Amcor, Sonoco, Mondi plc, and Bemis Company.
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Rising demand for products such as skin care and hair care due to rising consumer awareness towards healthy lifestyle habits is projected to fuel the personal care packaging market growth.