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Personal Care Packaging Market Share, Size, Key Players, Research and Forecasts to 2024 | Hexa Research
“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”
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. Rising demand for products such as skin care and hair care due to rising consumer awareness towards healthy lifestyle habits is projected to fuel growth. High consumption of aftershaves, perfumes, and nail paints are expected to further bolster market growth. Rapid industrialization has led to set up of numerous cosmetic manufacturing units especially in countries such as China and India. This is projected to further stimulate industry growth over the forecast period.
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