Global Personal Care Packaging Market to Benefit From Rising Demands From Asia Pacific, to Reach US$25.77 Billion by 2019: Transparency Market Research
By Business Wire News
By Business Wire News
The global personal care packaging market is studied in depth in a research report published by Transparency Market Research. The report states that the market will observe a modest growth from US$19.26 billion in 2012 to US$25.77 billion by 2019, registering a CAGR of 4.3% between 2013 and 2019. Volume-wise, the global demand for personal care packaging was 130.03 billion units in 2012, adds the report.
The report is titled “Personal Care Packaging Market for Skin Care, Hair Care, Bath & Shower, Cosmetics and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019”.
The report states that the flourishing market for personal care products such as shampoos, perfumes, cosmetics, and conditioners, especially in the BRIC countries, is the key factor driving the global personal care packaging market. Other factors such as rising innovations in product design and mounting demand for sophisticated packaging material capable of preserving materialization of the finest form of skin care and hair care products have also propelled the personal care packaging market over the past few years.
However, the personal care packaging market’s growth is projected to be restricted by tightening regulations regarding the manufacturing and packaging of personal care products, and an array of overhead costs that may lead to increased prices of finished products.
The report states that the segment of hair care products accounted for the highest demand in 2012. The segments of rigid and flexible packaging collectively accounted for over 80% shares of the personal care packaging market. Asia Pacific, currently the leading regional market, is expected to reach US$14.30 billion by 2019.
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About Transparency Market Research
Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.