Beauty and Personal Care Packaging Market Value Projected to Expand Industry Trends and Forecast to 2030
Sep 22, 2022
The Beauty and Personal Care Packaging Market will obtain a value of USD 35.47 billion and a CAGR of 4.66% between 2020-2030.
Beauty and personal care items are among the fastest-growing consumer commodities globally. These items enhance beauty and aid in improving and safeguarding people’s health. With people becoming more concerned about their cleanliness and looks, there is a greater need for cosmetics and toiletries. Hair care, lip care, baby care, deodorants, colour cosmetics, oral hygiene, perfumes and scents, skincare, depilatories, sun care, bath & shower products, tissue papers, toilet rolls, and sanitary napkins are examples of these.
Air pollution has emerged as a key factor contributing to skin damage, premature skin ageing, and the rising occurrence of skin-related disorders. This has increased consumer spending on numerous beauty items to maintain a regular personal care regimen.
Cosmetic and beauty product packaging is designed for protection, customer utility, and brand positioning. Developing new and diverse package types and packaging innovation is important in fueling market expansion. Furthermore, developing nations are giving huge development potential for cosmetic items due to increased disposable money, increased awareness of personal care, changing living standards, and creative designs such as sprays and sticks.
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The expanding elderly population factors are expected to boost the growth of the worldwide Cosmetic Packaging Market. Factors such as regulatory prohibitions on using specific substances and the rise of medical help in beauty therapy restrict the market growth. Furthermore, concentrated supplier base and raw materials are supplied at higher rates, providing problems for the firm to package the product at a reasonable cost while maintaining overall profitability are possible barriers hindering the worldwide Cosmetic Packaging Market’s growth.
The Beauty and Personal Care Packaging Market are divided into different segments.
The market is divided into Bottles, Jars & Containers, Pen Types, Roller Balls, Sticks, Tubes, and Others. During the projection period, the bottles segment has the biggest market share. Personal care and hair care producers are driving demand for bottles, which can be ascribed to increased demand.
The market is segmented into Glass, Metal, Paper, Plastic, and Others. During the projection period, the plastic category has the biggest market share. The advantages of being lightweight and a cost-effective packaging option for cosmetic items are driving up demand for this market.
The market is segmented into Hair Care, Skin Care, Nail Care, Make-Up, and Others. During the projection period, the skincare category has the biggest market share. Factors such as the increased need for new and novel skincare products such as face creams, anti-ageing creams, and sunscreens are boosting demand for this segment.
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Based on the worldwide market audience distribution, resources and raw materials accessible for manufacturing are operational in five key regions: APAC, North America, Europe, the Middle East, and Africa. During the forecast period, which ends in 2030, the North American market is predicted to dominate worldwide market growth. The cosmetics and personal care products market is led by the United States, followed by the fragrances industry.
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. )
Estée Lauder Companies collaborated with French moulding specialist Roctool and packaging manufacturer Pinard Beauty Pack to produce a zero-waste premium skincare container in September 2021.
The Estée Lauder Companies intends to introduce the revised bottle under its Clinique brand, beginning with a European rollout of its Clarifying Lotion 200ml SKU. The business stated that using Roctool’s “unique” and heat and cool moulding process, scrap and total waste during manufacturing were reduced by 10-15%.
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