Global Personal Care Packaging Industry Worth .2 Billion By 2024

Posted by Marsh William on February 13th, 2018

The Worldwide Personal Care Packaging Market is likely to surpass USD 37.2 billion by 2024. ‘Packaging technology’ innovations coupled with increasing consumption of beauty & cosmetic products should propel the market during the forecast period (2015 to 2024). Escalating demand for skin & hair products (due to awareness towards healthy living) will also fuel market growth.

In addition, greater consumption of nail paints, perfumes, and aftershaves could boost market demand. On the basis of applications, ‘skin care’ led the market in 2014. This segment contributed over USD 7 billion the same year. It is predicted to experience significant gains owing to awareness regarding cosmetics. Concerns regarding global warming and pollution may also drive this application.

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‘Bath & shower’ accounted for over 20% shares in 2014. This application will undergo expansion till 2024. The same would be attributed to awareness about hygiene & health, especially in Asia Pacific and the Middle East. Also, inclination towards shower gels, body washes, and liquid soaps & bars can boost segment sales.

In view of products, ‘flexibles’ dominated the personal care packaging market in 2014. This segment is estimated to experience considerable expansion during the forecast period. It should notice over 6% CAGR in the same period. Demand for the ‘metals’ segment will decrease in the coming seven years. The same would be credited to this product’s negative environmental effects, high storage expenses, and heavyweight