Personal Care Packaging Market is Expected to Reach USD 25.77 Billion in 2019

2024-11-08 05:35:45 News & Society

641

Transparency Market Research based on Personal Care Packaging (Flexible Packaging, Rigid Plastics, Paper, Glass, Metal and Others) for Skin Care, Hair Care, Bath & Shower, Cosmetics and Other Applications ? Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 ? 2019, ? the global demand for personal care packaging was valued at USD 19.26 billion in 2012 and is expected to reach USD 25.77 billion by 2019, growing at a CAGR of 4.3% from 2013 to 2019. Calculating in terms of volume, the demand for the personal care packaging was 130.03 billion units in 2012.

The company reported that the rise in demand and choice for personal care products such as conditioners, shampoos, perfumes, and cosmetics among many others are responsible factors driving the market. The personal care industry, which also includes health, industrial fashion, and environmental legislation, is spreading across many geographic regions in terms of values, revenues, and products.

Browse The Market Research Report of Personal Care Packaging Market :
http://www.transparencymarketresearch.com/personal-care-packaging-market.html

The personal care packaging industry refers to packaging of a wide gamut of personal care products such as cosmetics, shampoos, shower gels, conditioners, body lotions, oils, body creams, toiletries, and many more. All these kinds of products are packaged in a variety of industrial materials, for instance metals, paper, plastics, and cloth that are also available in varying shapes and containers such as bottles, boxes, sprays, pumps, and other enclosures.

In 2012, flexible packaging and rigid plastics were considered to be the largest product segments of the global market that together accounted for over 80% of the market share. Between the two markets, the flexible packaging market segment is expected to be the fastest growing sector due to its high demand by consumers, as well as manufacturers. Over the next few years, it will be high in demand because of aspects like light weight, lower costs, high durability, reduced consumption and superior aesthetic appeal. These are vital factors that are likely to contribute to the increasing demand for flexible packaging in the personal care packaging market.

Get Free Sample Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=614

Some additional factors such as increasing innovation in product design and increasing demand for personal care products in BRIC are also expected to boost the demand for personal care packaging in the near future. The need for packaging the finest forms of skin care products in order to preserve its materialization was observed to be the highest in 2012, which was later followed by the hair care market in the same year. However, the demand for hair care products on account of growing consumer awareness regarding healthy hair is expected to be the fastest growing application sector of the personal care packaging market in the forecast period 2013 to 2019, growing at a CAGR of 4.3 percent.

Nevertheless, the rising number of regulations pertaining to the manufacturing and packaging personal care products is expected to hamper the growth of the global market. The market is anticipated to face certain overhead costs that may further result in high prices of the finished products.

By geography, Asia-Pacific was the largest personal care packaging market in 2012, and is expected to reach USD 14.30 billion by 2019. Also, improving economic conditions in developing nations such as South Africa, Russia, and Brazil is expected to drive the demand for personal care products, thereby propelling the demand for packaging in these countries over the next few years.

Browse Press Release of Personal Care Packaging Market :
http://www.transparencymarketresearch.com/pressrelease/personal-care-packaging-market.htm

In the effort to provide the users with a holistic view on the overall personal care packaging market, transparency market research includes the forecast based on volumes (million units), analysis, and revenue (USD million) on a regional, as well as a global level. This study report also includes various restraints and drivers along with the impact they have on the demand of the personal care packaging over the defined forecast period.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.