Personal care packaging market is expected to witness significant growth owing to increase in demand for cosmetic & beauty products along with innovations in packaging technology. In addition, growing consumer inclination towards aesthetic designs of cosmetic product is further expected to fuel demand growth over the next six years. Moreover, rising consumer preference towards compact and sustainable product packaging is expected to augment market growth. Surging demand for hair & skin care products owing to healthy lifestyle habits of consumers is expected to drive market growth.
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Asia Pacific is expected to propel market growth on account of substantial growth in cosmetic industry coupled with rising disposable income mainly in China, and India. Increasing research and development activities by various companies to develop bio-based or biodegradable materials along with improved shelf life and durability of packaging materials is expected to create enormous growth opportunities for the personal care packaging market over the next six years.
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The market is expected to witness growth on account of increase in consumption of glass in perfumes, aftershaves and nail paints packaging. Stringent government regulations regarding the usage of plastics owing to its harmful environmental effects are expected to act as a potential restraint for market growth. FDA and EU Commission have levied regulations on adulterated or misbranded cosmetic packaging. Key market players include DuPont, Nova Chemicals, Albea Group, Eastman Company, Amcor and Gerresheimer. DuPont manufactures luxury packaging for caps and tubes which delivers aesthetic effects with high durability. Amcor is engaged in providing flexible pouches which offer versatility and customer convenience. With an innovative glass range for fragrance and skincare packaging, Gerresheimer offers optimum protection and convenience for the product.
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