Published Date : May 04, 2016
Personal care packaging products refer to a variety of materials that are used to package and market personal care products. Thus, the progression of the global personal care packaging market is completely dependent on the personal care products market for growth.
In the last few years, the global market for personal care products has grown leaps and bounds, with skin care products and hair care products displaying sizeable demand. The consistent demand for personal care products from developed countries has considerably helped growth of the personal care packaging market, however, the increasing demand from developing regions such as the Middle East, Asia Pacific, and Latin America is expected to account for a larger role in the development of the personal care packaging market in the coming years.
In countries such as India and China in the Asia Pacific, rapid urbanization and industrialization have been reasons for the expeditious growth of this market. With increasing disposable incomes in this region, aided by rising GDP of dynamic countries, this regional market will exhibit remarkable growth.
In this region, improving living standards of the population has helped progression of the personal care packaging market, increasing awareness about the adverse effects of pollution and strong sunlight is leading to the higher utilization of personal care products to combat them. High pollution levels in large cities in Asia Pacific have thus benefitted growth of the APAC market for personal care packaging. In particular, skin care products and hair care products are expected to display rising demand.
The market for personal care packaging products is highly fragmented due to a high degree of competition in this market. While companies such as Amcor Ltd., Bemic Company Inc., Saint Gobain, and Mondi have a strong foothold in this market, demand for local products will extend lucrative growth opportunities for small players.