The global personal care packaging market size was US$ 28.1 billion in 2021. The global personal care packaging market is forecast to grow to US$ 42.7 billion by 2030 by growing at a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2022 to 2030.
Factors Influencing the Market
The rising awareness about personal care products, such as skin care lotions, creams, hair care serum, etc., is driving the growth of the personal care packaging market. In addition, the availability of a wide range of products, such as plastic, paperboard, metals, and glass, will propel the personal care packaging market forward.
The growing demand for novel packaging types, such as pen type, pumps, sprays, sticks, and rollers balls, will fuel the growth of the market. In addition, the rising demand for lightweight materials will offer ample growth opportunities for the market.
Growing concerns over facial aesthetics will augment the growth of the personal care packaging market. Moreover, a growing number of product offerings will boost the growth of the personal care packaging market.
The growth of the e-commerce segment and the rising number of offers will surge the market growth during the study period. In addition, fluctuating raw material prices may restrict the growth of the personal care packaging market.
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic has had a detrimental impact on the personal care packaging market's growth. Due to the "work from home" policy, the demand for personal care products declined steeply. As a result, it also reduced the demand for product packaging. In addition, the demand for color cosmetics and other personal care items has significantly reduced because of the cancellation of weddings and other social gatherings. Thus, all of this hampered the growth of the global personal care packaging market during the forecast period.
Regional Analysis
Asia-Pacific is forecast to hold the highest share in the global personal care packaging market. The growth of the market is attributed to the rising demand for personal care products and the increasing urban population. In addition, the increasing awareness about face and hair care treatments will propel the overall personal care packaging market forward.
Competitors in the Market
Market Segmentation
The global personal care packaging market segmentation focuses on Product, Packaging, Product Type, and Region.
Based on product, the personal care packaging market is segmented into –
Based on packaging type, the personal care packaging market is segmented into-
Based on product type, the personal care packaging market is segmented into-
Based on region, the personal care packaging market is segmented into-