PUBLISHER: Grand View Research | PRODUCT CODE: 1404989
PUBLISHER: Grand View Research | PRODUCT CODE: 1404989
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.