Albany - NY, Oct. 20, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research has announced the publication of a new market study on the global personal care packaging market, estimating it to attain a value of US$25.77 billion by 2019 at a CAGR of 4.3% between 2013 and 2019. The report also signifies the historical value of the market, determining it to be valued at US$19.26 billion in 2012.The report, titled "Personal Care Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019", determines that the rising demand for personal care products is driving the worldwide personal care packaging market.
Other than this, the market is also stimulated by innovation in designs of the packaging items.On the other hand, the rising number of regulations imposed by several governments for the manufacturing and packaging of personal care products are limiting the growth of this market. However, the increasing consumer base for personal care products in BRIC nations is presenting novel opportunities for the participants of the global personal care packaging market.
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The report evaluates the global market for personal care packaging on the basis of products, applications, and the regional segments of the global market. The markets for flexible packaging, paper, rigid plastics, metal, glass, and others such as nonwoven fabrics and cardboards are the key product segments of the personal care packaging market. By application, the markets for hair care, skin care, cosmetics, bath and shower, and others such as oral care, wipes, and cotton pads are the main components of this market.Among the product-based segments, flexible packaging and rigid plastics collectively accounted for more than 80% of the overall market in 2012. In current times, flexible packaging is highly demanded from both manufacturers and consumers of personal care products, due to which the flexible packaging market is expected to register the fastest growth over the forecast period.
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Among the application segments, the skin care packaging market acquired the leading position in 2012 owing to the soaring need for better preservation of skin care products. The market for hair care packaging stood second that year. Currently, awareness pertaining to hair care is rising among consumers and is in turn fueling the hair care packaging market. On account of this, this market segment is estimated to report the most rapid development, at a CAGR of 4.3%, during the forecast period.Regionally, the personal care packaging market in Asia Pacific topped the global market in 2012. The market is expected to retain its dominance and reach a value of US$14.30 billion by the end of the forecast period. The steady improvement in economic conditions in Russia, South Africa, Brazil, and other developing nation of the Asia Pacific region is likely to trigger the demand for personal care products, in turn stimulating the demand for personal care packaging, over the forecast period.The report also provides an analysis of the competitive landscape of the global care packaging market, profiling the major companies operating in this industry. Albea, Ardagh, Amcor Ltd., Bemis Co. Inc., Gerresheimer, Bormioli Rocco, and Hindustan National Glass & Industries Ltd. are some of the major players in the global personal care packaging market.
The major segments of the global personal care packaging market are:
- Flexible packaging
- Rigid plastics
Others (Includes nonwoven fabrics, cardboards, etc.)
- Skin care
- Hair care
- Bath & shower
Others (Includes oral care, cotton pads, wipes, etc.)
- North America
- Asia Pacific
- Rest of the World
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Source:Transparency Market Research