Asia and Latin America aiding personal care packaging growth

By Andrew McDougall

- Last updated on GMT

Related tags United states North america

Asia and Latin America aiding personal care packaging growth
The personal care packaging market will reach a value of $40.99bn in 2012 thanks to the growing potential of the Asian and Latin American markets, according to a new market report.

The Personal Care Packaging Market 2012-2022 report was published by independent media company Visiongain and highlights that innovation and sustainability will also play a key part in the expected growth.

The company says that many companies and organizations across the world continue to exploit the potential of the burgeoning Asian and Latin American markets and this will drive growth.

Innovation and sustainability

The personal care packaging market is forecast by Visiongain to record strong and sustained growth over the next decade as the economy continues to recover, supported by frequent innovation and sustainability.

"The European and North American markets are now very mature and saturated and the main way in which suppliers will seek to increase their sales and market share is through innovation,”​ comments the report’s author.

“Sustainability will also play a large part due to government legislation and the cost benefits derived from conforming to these environmental standards."

Report in-depth

In the report Visiongain further explains these developing trends within personal care packaging provides, and also forecasts for the period 2012-2022 in terms of value (US$) for the global personal care packaging market.

It also analyses the five material submarkets (rigid plastic, flexible plastic, metal, paperboard, and glass) and 4 end use applications (hair care, bath & shower, oral care, and skin care) of personal care packaging.

The report provides profiles of 20 leading companies operating within the market, and includes 3 interviews with leading personal care packaging companies, providing insight alongside Visiongain analysis.

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