Beauty and Personal Care Packaging Market Size to Hit USD 35.47 Billion by 2030 at 6.8% CAGR – Report by Market Research Future (MRFR)

Advertisement

New York, USA, Jan. 02, 2023 (GLOBE NEWSWIRE) — Beauty and Personal Care Packaging Market Overview:

According to a Comprehensive Research Report by Market Research Future (MRFR), “Beauty and Personal Care Packaging Market Information By Materials, Product, Application and Region – Forecast till 2030”, the market is estimated to grow at a 6.8% CAGR to reach USD 35.47 Billion by 2030.

Market Scope:

For the purpose of preventing contamination and other forms of damage, personal care packaging refers to the materials used to encase such products. Materials including plastic, flexible packaging, paperboard, glass, and metals fall into this category. Pens, pumps, sprays, sticks, and roller balls are all examples of modern packaging. The demand for cosmetics and other beauty aids has skyrocketed in recent years, and this, combined with developments in packaging technology, has increased interest in more portable and flexible packaging options.

Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/5528

Report Scope:

Report Attribute Details
Market Size in 2030 USD 35.47 Billion
CAGR 6.8% (2022–2030)
Base Year 2021
Forecast Period 2022–2030
Historical Data 2020
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Materials, Product, Application and Region
Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers There has been an increase in the level of disposable income of people that are acting as a major driving force.
There has been an increase in innovations in technology and innovative product and service launches.

Competitive Dynamics:

Increased rivalry amongst market participants is expected to boost their ability to meet consumer needs throughout the forecast period. The market players are as follows:

  • 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)
  • HCT Packaging Inc.(U.S )

Market USP:

Market Drivers

During the forecast period ending in 2028, the market for beauty and personal care packaging is expected to grow at a compound annual rate (CAGR) of 4.3%. There has been a surge in technological advances and the introduction of ground-breaking new products and services, both of which will aid in safeguarding product contents and extending their useful life. Because of this, the cosmetics industry has expanded, our need to reduce our carbon footprint has grown, and our consumption habits and habits generally are in a constant state of flux.

During the forecast period ending in 2028, the market is expected to grow at a good rate thanks to the increasing urbanization of developing nations and the rising demand for products that promise good outcomes. In addition, the industry is poised to expand into previously untouched regions throughout the world, with eco-friendly packaging that incorporates natural components and recycling techniques expected to lead the way in the future years.

Market Restraints

However, the price of raw materials, a necessary part of the packaging process, is becoming increasingly volatile and unpredictable, posing a threat to the global beauty and personal care packaging market. There has also been a notable increase in the growth of serious worries about the recycling of products in relation to the raw materials that are being utilized for packaging methods. These are projected to be the most significant market limitations, posing the greatest threat to market expansion throughout the forecast period ending in 2030.

Browse In-depth Market Research Report (111 Pages) on Beauty and Personal Care Packaging: https://www.marketresearchfuture.com/reports/beauty-personal-care-packaging-market-5528

COVID-19 Analysis:

The most upsetting aspect of this pandemic has been the sporadic wavelike patterns in which new cases have started appearing. As the pandemic spreads to other parts of the world, the beauty and personal care packaging market will need to make plans based on the various possible outcomes and assume a greater level of risk. Since essential resources and raw materials are in short supply, it has been difficult for the market to achieve and sustain a state of balance between the forces of demand and supply. There is a shortage of skilled workers, and this limits production levels and the efficiency with which market resources may be utilized. A combination of falling demand and a shortage of key inputs has had a disproportionately negative impact on manufacturing and production facilities over the course of the predicted period ending in 2030.

Market Segmentation:

Based on the material type

The plastics industry is predicted to expand rapidly throughout the assessment time frame.

Based on the product type

For the duration of the study, the pouch category is predicted to account for the largest share of the personal care packaging market based on product type.

Based on application type

All of these end-uses are vital to the continued development of the personal care packaging industry, but the skincare sector in particular is projected to grow at a particularly impressive CAGR over the next years.

Buy Now: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=5528

Regional Analysis:

For the forecast period ending in 2030, the North American market is anticipated to be the fastest growing regional market. The United States ranks first in sales of perfumes and then cosmetics and personal care items.

As the standard of living in the Asia-Pacific area improves, so does the need for natural and organic skincare products. This is one of the main drivers that will increase the global growth potential of the market in the next years. The need for natural components in cosmetics and similar items is shifting as a result of demographic shifts. The rising demand for grooming and personal care products, as well as the increased interest in new pack sizes, pack formats, and functionalities, are fueling the expansion of the personal care packaging market over the review period. The demand for skin care and other styling aids has been on the rise in this area as individuals become more aware of their advancing years and seek out anti-aging and UV protection goods.

Share your Queries @ https://www.marketresearchfuture.com/enquiry/5528

Discover more research Reports on Packaging & Transport Industry, by Market Research Future:

Blister Packaging Market Information by types (Carded Blister Packaging, Consumer Goods Blister Packaging, Clamshell Blister Packaging), by applications (pharmaceuticals, food & beverages, consumer goods & others), by production methods (Thermoforming & Cold forming), by materials (PVC, PVDC, COC, Cold Form Foil and others) – Forecast to 2030

Form Fill Seal Machine Market Report information: by Product (Bags, Cartons, and others), by Type (Horizontal, and Vertical), End-Users (Food & Beverages, Personal Care, Pharmaceuticals, and Others), and Region – Global Forecast to 2030

Packaging Machinery Market Information By Machine-Type (Filling, Labeling, Form-Fill-Seal, Cartoning, Wrapping, Palletizing, Bottling Line, and Others), By End-Use (Beverages, Food, Chemicals, Personal Care, Pharmaceuticals, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2028

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter


Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.