PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1530790
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1530790
According to Stratistics MRC, the Global Beauty and Personal Care Packaging Market is accounted for $26.9 billion in 2024 and is expected to reach $38.1 billion by 2030 growing at a CAGR of 6.0% during the forecast period. Beauty and personal care packaging are the design and materials used to contain, protect, and present products related to personal grooming, hygiene, and cosmetic applications. This includes containers for skincare, haircare, cosmetics, and other personal hygiene products. Packaging in this sector serves multiple functions like it preserves product integrity, ensures safety, and extends shelf life while also contributing to the product's aesthetic appeal and brand identity. Effective packaging not only protects the contents from environmental factors and contamination but also enhances user experience through ease of use and convenience.
According to the British Beauty Council, 95% of cosmetic packaging is thrown away every year, and 14% of the packaging goes to recycling plants. Out of this, only 9% is recycled, and the rest is dumped in landfills.
Consumer demand for sustainability
Consumers increasingly prefer products with sustainable packaging, such as those made from recyclable, biodegradable, or compostable materials. This shift compels brands to invest in innovative packaging solutions that minimize environmental impact while maintaining product quality and aesthetics. In addition companies are focusing on reducing plastic use, incorporating recycled content, and exploring alternative materials boost the market growth.
Limited availability of innovative materials
Limited availability of innovative materials restricts brands' ability to implement advanced, sustainable packaging solutions that meet evolving consumer expectations for eco-friendly options. Without access to cutting-edge materials, companies may struggle to differentiate their products in a competitive market, potentially leading to missed opportunities for brand enhancement and market share growth. This limitation can also stifle innovation within the industry, preventing the development of new, more efficient and functional packaging solutions.
Rising consumer interest in personal grooming and beauty products
Consumers seek a wider range of products, from skincare to hair care and cosmetics, packaging needs become more varied and complex, prompting innovation in design and materials. This trend encourages brands to invest in premium, attractive, and functional packaging that enhances user experience and aligns with brand identity and the growing market creates opportunities for packaging companies to develop tailored solutions for different product categories, such as travel-sized containers or multifunctional designs encouraging the growth of the market.
Environmental impact of production processes
Regardless of using sustainable materials, the production processes themselves may still generate significant greenhouse gas emissions, waste, and pollution, undermining overall environmental benefits. This can lead to increased scrutiny from consumers and regulatory bodies, potentially resulting in stricter regulations and compliance costs for companies. hese issues can also contribute to higher costs and operational challenges, as companies must invest in cleaner technologies and waste management solutions.
The COVID-19 pandemic impacted the Beauty and Personal Care Packaging market by increasing demand for hygiene and personal care products, leading to a surge in packaging needs. However, it also disrupted supply chains, causing delays and shortages of materials. The markets focus shifted towards health and safety with emphasis on single-use and tamper-evident packaging. Additionally, the pandemic accelerated e-commerce growth, prompting innovations in packaging to ensure product protection during shipping.
The bottles segment is expected to be the largest during the forecast period
The bottles is expected to be the largest during the forecast period because their design and functionality are crucial for preserving product quality, ease of use, and overall appeal. Various types of bottles, such as pumps, droppers, and squeezable tubes, cater to different product needs and enhance user convenience. Innovative bottle designs, including ergonomic shapes and user-friendly features, can differentiate brands in a competitive market.
The paperboard segment is expected to have the highest CAGR during the forecast period
The paperboard segment is expected to have the highest CAGR during the forecast period as its use aligns with growing consumer demand for eco-friendly solutions, as paperboard is recyclable, biodegradable, and often made from renewable resources. This can enhance a brand's environmental credentials and appeal to eco-conscious consumers and is also adaptable, allowing for various designs, textures, and finishes that can enhance product presentation and brand differentiation.
North America is projected to hold the largest market share during the forecast period driven by a high demand for diverse and premium products. The market has experienced steady growth, with increasing consumer spending on personal grooming and skincare. There is a strong emphasis on sustainability, with consumer's increasingly seeking eco-friendly and recyclable packaging options propelling the market growth in this region.
Asia Pacific is projected to hold the highest CAGR over the forecast period because the Asia Pacific region exhibits robust growth in the beauty and personal care sector due to rising disposable incomes, urbanization, and an increasing middle-class population. This growth translates into higher demand for diverse and innovative packaging solutions. Further the region is seeing advancements in packaging technology, such as smart packaging and improved materials that enhance product preservation and user experience.
Key players in the market
Some of the key players in Beauty and Personal Care Packaging market include Amcor plc, Berry Global, Inc., AptarGroup, Inc., Gerresheimer AG, Silgan Holdings Inc., Albea Group, WestRock Company, Sonoco Products Company, DS Smith Plc, Graham Packaging Company, HCT Group, Quadpack Group, MeadWestvaco Corporation, Libo Cosmetics Company, Ltd., Sealed Air Corporation and Rieke Packaging Systems
In June 2024, Sonoco to acquired Eviosys, creating the world's leading metal food can and aerosol packaging platform. The transaction accelerates Sonoco's strategy to focus on and scale its core businesses and invest in high return opportunities, both organically and inorganically.
In May 2024, Amcor and AVON launched AmPrima(TM) Plus refill pouch in China. The recycle-ready packaging will result in an 83% reduction in carbon footprint, and 88% and 79% reduction in water consumption and renewable energy respectively when it's recycled.
In April 2024, Amcor launched 30%-recycled content packaging for Huggies Eco Protect diapers. The bags contain post-consumer recycled content and provide a more sustainable packaging solution for the hypoallergenic diapers made with certified, plant-based fibers.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.