The global personal care packaging market size is expected to reach USD 79.14 billion by 2030, registering a CAGR of 10.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising consumption of cosmetic and beauty products along with advancements in packaging technology is expected to drive the global over the next seven years. In addition, changing lifestyle along with rapid urbanization is expected to stimulate industry growth. Growing demand for flexible packaging owing to its lightweight property as well as high durability in China, India and Brazil is expected to propel growth over the forecast period.
Rigid plastics accounted for over 35.0% of the global revenue and are expected to witness significant gains over the next seven years as they are non-corrosive, light, and cheap. Increasing demand for rigid plastics in hair care and skin care applications owing to its superior properties of high impact strength, high stiffness, and high barrier properties will drive industry.
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The skin care segment accounted for the largest revenue share of 33.1% in 2022 and is expected to grow at the fastest CAGR of 11.3% during the forecast period. On account of growing awareness regarding beauty, increasing consumer concerns regarding the harmful effects of pollution and global warming.
The bottles segment accounted for the largest revenue share of 30.2% in 2022. The segment is expected to continue to lead the market on account of high usage in hair care, skincare, and bath & shower products.
The flexible segment accounted for the largest revenue share of 42.3% in 2022 and is expected to grow at the fastest CAGR of 11.2% during the forecast period, on account of various advantages including container variety, less raw material requirement, easy disposal, and lightweight.
The pouches segment is expected to grow at the fastest CAGR of 11.7% during the forecast period.
Asia Pacific dominated the personal care packaging market and accounted for the largest revenue share of 40.7% in 2022 and is expected to grow at the fastest CAGR of 12.6% during the forecast period.
Grand View Research has segmented the global personal care packaging market based on application, product, packaging type, and region:
Personal Care Packaging Application Outlook (Revenue, USD Million, 2018 - 2030)
Bath & Shower
Personal Care Packaging Product Outlook (Revenue, USD Million, 2018 - 2030)
Personal Care Packaging Packaging Type Outlook (Revenue, USD Million, 2018 - 2030)
Personal Care Packaging Regional Outlook (Revenue, USD Million, 2018 - 2030)
Central &South America
Middle East & Africa
List of Key Players of Personal Care Packaging Market
Sonoco Products Company
Ardagh Group S.A.
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