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.
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.
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.
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.
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.
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