Leading market
intelligence company Transparency Market Research has
announced the release of a new market report, detailing the global
personal care packaging market. The report, titled ‘Personal
Care Packaging Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2013 - 2019,’ presents a
comprehensive overview of the market, providing reliable market
projections based on accurate historical data.
Personal care
packaging consists of various packaging options used to store
personal care products such as soap, shampoo, oils, body lotions, and
other cosmetics. While these items can be packaged in relatively
simple materials such as paper or plastic, many personal care
products require the packaging to be designed in such a way that not
only is the product kept safe from damage, but it is also easy to
remove and use. This necessitates the usage of bottles, pumps, or
sprays for personal care packaging.
The global market
for personal care packaging is expected to be driven by the rising
demand for personal care products. Skin care and hair care products
are particularly in demand in developed as well as developing
economies. The rising disposable income of consumers in developing
countries has benefitted the personal care packaging market
massively, as it has allowed consumers to splurge on luxuries such as
personal care products.
Rising awareness
about the high levels of pollution in many developing countries and
their adverse effect on skin and hair health is also a major factor
propelling the global personal care products market, indirectly
driving the market for personal care packaging.
Accordingly, Asia
Pacific held a dominant share in the global personal care packaging
market in 2012. The rising urbanization in Asia Pacific is expected
to keep the share of the region high in the coming years. North
America and Europe followed Asia Pacific in the regional hierarchy of
the global personal care packaging market. The Asia Pacific market
for personal care packaging is expected to be valued at US$14.3 bn by
2020.
Skin care and hair
care were the largest application segments of the personal care
packaging market in 2012, with the former emerging as the dominant
segment. Since the skin and hair are left exposed to the elements as
the first line of defense of the human body, the effects of
pollution, UV rays, and other contaminants on them are the most
conspicuous. Hair care products are expected to be the fastest
growing application segment of the global personal care packaging
market in the coming years due to the rising attention paid by almost
all demographics to the health and appearance of hair.
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By product type, the
report projects the flexible packaging and rigid plastics segments to
continue their dominance in the global personal care packaging market
in the coming years. The two segments collectively accounted for
around 80% of the global personal care packaging market in 2012, a
level of dominance expected to remain largely unchanged in the
forecast period. Paper, glass, and metal are the other major types of
personal care packaging products in the global market.
On the competitive
front, the report profiles and describes the operations of major
players in the global personal care packaging market, such as Amcor
Ltd., Saint Gobain, Bemic Company, Inc., and Mondi. According to TMR
analysts, the high scale of fragmentation of the global personal care
packaging market is expected to remain unchanged in the coming years.
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Transparency Market
Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive
blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use
proprietary data sources and various tools and techniques to gather
and analyze information.
TMR’s data
repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
