The personal care packaging Industry increasing demand for skin care products in various countries including India, China, Indonesia, U.S., Mexico, Vietnam, Brazil, UAE, and Saudi Arabia. Increasing focus on improving the aesthetic design of personal care products to attract consumers is expected to drive demand. Increasing consumer awareness towards sustainable and compact durable product packing solutions is expected to have a positive impact on market growth.
Surging demand for hair care and skin care products on account of increasing consumer awareness toward healthy lifestyle habits is expected to fuel industry expansion. Rising consumption of perfumes, aftershaves, and nail paints is expected to fuel demand. Rapid industrialization leading to the establishment of numerous cosmetic manufacturing units particularly in India and China is expected to stimulate industry growth over the next seven years.
Technological innovations aimed at improving the manufacturing process of flexible packaging to minimize raw material consumption and lower energy costs are expected to promote industry expansion over the forecast period. However, volatile raw material prices of HDPE and PP is expected to hinder growth over the next seven years.
Increasing R&D investments, growing utilization of bioplastics along with ongoing product development to improve packaging performance is expected to open new avenues over the forecast period.
Asia Pacific personal care packaging market was valued over USD 25.10 billion in 2021, dominating the global industry. This trend is expected to continue account of growing demand for personal care products with lightweight packing, thus, driving flexible packaging market in countries including India, Indonesia, Sri Lanka, and Vietnam. Also, rising grooming awareness particularly among men, increasing income level along with rising consumption of gels, hair serums, skin cream, perfumes, tanning lotions, and sun block will propel industry development.
MEA is expected to witness a significant rise at a CAGR exceeding 14.0% from 2015 to 2030 on account of increasing demand for perfumes in UAE, Kuwait, and Saudi Arabia. In addition, increasing young and dynamic population along with high purchasing power is expected to fuel growth in the region over the forecast period.
The key players in the global 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.)
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