Personal Care Packaging Market Size is expected to
value at USD 37.25 billion by 2022
The global Personal Care Packaging Market size is expected to value at USD 37.25 billion by 2022. The market
is subject to witness a substantial growth due to the soaring need for environment friendly and sustainable
packaging solutions for cosmetics and personal care products. Robust growth in the personal care & cosmetic
industry is attributed to growing awareness about individual health and safety, increasing personal disposable
income and improved lifestyle mainly in developed economies.
Shift in customer preference towards organic cosmetics alongside large-scale consummation of sustainable
products are expanding the market reach of the personal care packaging in near future. Globally, the personal
care packaging industry is predicted to grow at higher CAGR in the forecast period, providing numerous
opportunities for market players to invest for research and development in the packaging industry.
The recent technological advancement in the personal care & cosmetics industry coupled with development of
advanced packaging solution are anticipated to boost market growth over the forecast period. In addition,
growing manufacturing sector in South East Asian economies such as Singapore, South Korea, Taiwan and
Malaysia is projected to escalate the growth of personal care packaging market in upcoming years. Rigid plastic
packaging currently holds a higher market share in the personal care packaging.
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Increasing adoption of the rigid plastic packaging materials is credited to their lightweight and eco-friendly
nature, thus rocketing the demand of rigid plastic packaging in personal care packaging industry, in the recent
years. Additionally, metal, glass and paper can be easily recycled for multiple use due to their flexibility. These
factors are responsible for en