Market Size of Asia Pacific Personal Care Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Personal Care Packaging Market Analysis
The Asia Pacific Personal Care Packaging Market is expected to register a CAGR of 7% during the forecast period (2021 - 2026).
The spread of COVID-19 negatively impacted the market due to disruptions in the supply chain resulting from extended factory closures globally. Logistically, it has been difficult for bottle, carton, and pump makers to provide to personal care companies. In most countries, the governments put the personal care industry under the essential commodity category, allowing them to function. Still, there is no clarity on the operation of ancillary units that make the foil, packaging material, printers, and utility consumables, like briquettes/gases (required to run boilers). Thus, in the absence of clear guidance, the local administration often does not recognize ancillary units as essential commodities and services, which hampers their operations.
- Personal care packaging is essential for the beauty and cosmetic industry since it adds to the visual appeal and increases its aesthetic value. Thus, many players continually invest in visually attractive packaging for hair care, skin care, deodorants, etc.
- Cosmetic packaging is a significant part of the personal care packaging market. The packaging in the cosmetic industry has grown significantly in recent years. The cosmetic industry has the most varied packaging requirements of all the other sectors. The materials used vary, from different metals, glass, paper, and plastics, and these materials are used to make containers with different shapes and sizes and dispensing mechanisms.
- Moreover, in Asia, the rise in disposable incomes and the growing popularity of skincare products from natural and organic ingredients will remain the primary factors driving the growth. Socio-demographic changes in the region are affecting the demand for natural ingredients for cosmetics and related products. The region's aging populations (in Korea, China, Japan, and India) increase the demand for natural ingredients with active properties, such as anti-aging.
- Furthermore, haircare brands also use packaging to their advantage, both in salons and homes. Haircare for the retail segment is highly competitive, and hair care brands rely on packaging differentiation to forge a connection with consumers.
- Further, the region is also witnessing an increase in demand for baby-care packaging. Furthermore, the government's initiatives in increasing awareness among new parents regarding child hygiene also help grow the baby personal care industry. For instance, the Maharashtrian Government in India had started distributing baby care kits to curb infant deaths. Such initiatives create awareness about infant health among the new parents and, thus, positively impact baby care products, positively impacting the market's growth.
APAC Personal Care Packaging Industry Segmentation
The report focuses on significant packaging types utilizing the packaging innovations across industries, such as oral care, hair care, skin care, fragrances, among others Asia-Pacific region. It further discusses various packaging products, such as plastic, glass, metal, paper, and the adoption trends. In addition, the market study also focuses on different packaging types, including Plastic Bottles and Containers, Glass Bottles and Containers, Metal Containers, Folding Cartons, Corrugated Boxes, Tube and Stick, and Caps and Closures. Further, the study also covers the impact of COVID-19 on the market.
Asia Pacific Personal Care Packaging Market Size Summary
The Asia Pacific Personal Care Packaging Market is experiencing significant growth, driven by the increasing demand for visually appealing and functional packaging in the beauty and cosmetic industry. The market is characterized by a diverse range of packaging materials, including metals, glass, paper, and plastics, which cater to the varied needs of cosmetic products. The rise in disposable incomes and the growing popularity of skincare products, particularly those with natural and organic ingredients, are key factors propelling market expansion. Socio-demographic changes, such as aging populations in countries like Korea, China, Japan, and India, are further influencing the demand for personal care products with active properties, such as anti-aging solutions. The market is also witnessing a surge in demand for baby-care packaging, supported by government initiatives aimed at promoting child hygiene.
The competitive landscape of the Asia Pacific Personal Care Packaging Market is fragmented, with numerous players engaging in strategies like product innovation, partnerships, mergers, and acquisitions to capture market share. The COVID-19 pandemic initially disrupted supply chains, but the market has shown resilience with companies adapting by sourcing materials and enhancing manufacturing capabilities. Notable developments include the launch of sustainable packaging solutions, such as recyclable toothpaste tubes and bio-based barriers, which align with the growing consumer preference for eco-friendly products. The market's growth is further supported by investments in production capacity and research and development activities, particularly in countries like Japan and China, where the demand for skincare and cosmetic products continues to rise.
Asia Pacific Personal Care Packaging Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION - BY MATERIAL TYPE
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2.1 Plastic
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2.2 Glass
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2.3 Metal
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2.4 Paper
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3. MARKET SEGMENTATION - BY PRODUCT TYPE
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3.1 Oral Care
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3.2 Hair Care
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3.3 Skin Care
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3.4 Fragrances
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3.5 Other Products (Depilatories, Baby and Child Care, and Sun Care)
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Asia Pacific Personal Care Packaging Market Size FAQs
What is the current Asia Pacific Personal Care Packaging Market size?
The Asia Pacific Personal Care Packaging Market is projected to register a CAGR of 7% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Personal Care Packaging Market?
Albea SA, HCP Packaging Co. Ltd, RPC Group Plc (Berry Global Group), Silgan Holdings Inc. and Bemis Company Inc. are the major companies operating in the Asia Pacific Personal Care Packaging Market.