Mylan Nguyen05.22.17
Beauty and personal care packaging showed good volume growth over 2011-2016, rising at a 3% CAGR to exceed 146 billion units in 2016. While developed regions slowed down global growth during this period, stronger expansion remains in developing regions, particularly in Asia Pacific, where larger gains in absolute growth terms are found in oral care, hair care and skin care packaging.
Within beauty and personal care, toiletries remains the largest generator of packaging volumes, led by bath and shower, hair care and oral care. While the main pack types for these applications, rigid plastic and flexible packaging, largely dominate beauty packaging, baby and child-specific as well as premium beauty products also offer strong prospects for growth. See the chart above.
Trend 1: Opportunities in Developing Regions
In developing countries, demographic factors such as rising disposable income or urbanization as well as change in legislation are impacting product consumption and therefore packaging, with consumers slowly moving away from single-use flexible plastic and increasingly adopting HDPE bott
Within beauty and personal care, toiletries remains the largest generator of packaging volumes, led by bath and shower, hair care and oral care. While the main pack types for these applications, rigid plastic and flexible packaging, largely dominate beauty packaging, baby and child-specific as well as premium beauty products also offer strong prospects for growth. See the chart above.
Trend 1: Opportunities in Developing Regions
In developing countries, demographic factors such as rising disposable income or urbanization as well as change in legislation are impacting product consumption and therefore packaging, with consumers slowly moving away from single-use flexible plastic and increasingly adopting HDPE bott
Continue reading this story and get 24/7 access to Beauty Packaging for FREE
FREE SUBSCRIPTION
