Packaging for Beauty Products Market Competitive Dynamics, Size and Global Outlook till forecast 2023
Summary
Packaging for Beauty Products Market Challenges, Size, Share, Growth, Trends, Analysis, Future Scope, By Materials (Plastics, Glass, Metal and other), Product (Bottles, Cans, Tubes, Pouches, Others), Application (Skincare, Cosmetics, Fragrances, Hair care and others) and Region - Forecast To 2023
Packaging for Beauty Products Market Scenario
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.
Beauty and personal care products have been the need of the hour by consumers globally due to the need to feel attractive. The plethora of products ranging from skin care to fragrances & deodorants and the attractive packaging accompanying it have stopped many shoppers online and offline. Market Research Future (MRFR) has compiled the global Packaging for Beauty Products Market report containing latest trends, consumer demographics, and opportunities.
The global Beauty and Personal Care Packaging Market estimated to grow at USD 9.45 billion during forecast 2023 at 4 % CAGR.
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Competitive Outlook
- Sonoco Products Company
- Ardagh Group
- Gerresheimer AG
- Saint-Gobain S.A.
- Mondi Group
- AptarGroup
- HCT Packaging Inc.
- Albéa Services S.A.S.
- Amcor Limited
- Ampac Holdings
- LLC
- WestRock Company
- Bemis Company, Inc.
Market Outlook
The global Packaging for Beauty Products Market size can swell to USD 9.45 billion by 2023. It can experience a significant CAGR from 2017 to 2023 (forecast period). Innovation in beauty products on the categorization of skin color and demographics is likely to bode well for the market. Packaging in terms of shape, size, material, and shade can boost innovation and lower production costs.
The demand for personal care products in tandem with droolworthy packaging can entice customers and boost product sales. Moreover, emergence of exclusive stores coupled with first look at novel products can bolster the market demand during the forecast period. Rising demand for sustainable materials for packaging purposes coupled with consumer awareness can augment the market size till 2023.
Scope of the Report
This study provides an overview of the global Packaging for Beauty Products 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 Packaging for Beauty Products Market by its material, product, application, and region.
By Material
Plastics
Glass
Metal
other
By Product
Bottles
Cans
Tubes
Pouches
Others
By Application
Skin care
Cosmetics
Fragrances
Hair care
Others
By Region
North America
Asia Pacific
Europe
Rest of the World
Regional Analysis
Geography-wise, the global Packaging for Beauty Products Market encompasses North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
The APAC region is predicted to dominate the global market till 2023 due to rapid economic growth and changing lifestyles of consumers. The growth of the cosmetic industry, improved standards of living, and changing beauty standards are other drivers of the regional market. Moreover, the use of social media influencers for spreading the word on latest products can play a pivotal role in transforming the fortunes of the Packaging for Beauty Products Market. Investments in research and development for natural ingredients and sustainable packaging materials can augur favorably for the market.
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North America is the region with high growth potential due to product innovations, pollution, and aging populace. Focus on living healthy lifestyles in tandem with awareness of natural and organic ingredients can lead to the development of such products as well as its subsequent packaging. The U.S. is likely to be the biggest revenue generator due to use of infomercials, use of media and social for promotion of products, and celebrity endorsements. Differentiation of products according to price and expansion of offerings by manufacturers to cater to several demographics can drive the regional market growth.
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