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.
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Research Report of
Personal Care Packaging Market :
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.
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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.
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Release of Personal
Care Packaging Market :
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.
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Transparency Market
Research is a global market intelligence company, providing global
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insight for thousands of decision makers. We are privileged with
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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.
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