Market Size of India Personal Care Packaging Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.20 % |
Market Concentration | Medium |
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?
India Personal Care Packaging Market Analysis
The India Personal Care Packaging Market is estimated to record a CAGR of about 6.2% over the forecast period (2022-2027).
- Rapid Indian economic growth and a rise in disposable income resulted in changing lifestyle patterns in India. It led to an increase in the consumption of personal care products, which has driven the growth of the Indian market for personal care packaging. The development in packaging technologies and the availability of personal care products in innovative designs, such as sprays, pumps, sticks, rollers, balls, and pen type, also boost the market growth.
- The increasing focus on personal health and hygiene represents one of the significant factors influencing the demand for beauty and personal care products in India. Moreover, the Government of India and private organizations are undertaking several initiatives to spread awareness about the importance of feminine and personal hygiene. It also increased demand for personal care products, enhancing the packaging market.
- These major market players apply polypropylene films for the most refined cosmetic packaging wherever BOPP (biaxially-oriented polypropylene) is favored as customary cosmetics packaging material. Since its inception, 3D printing technology has been accepted by cosmetic packaging companies internationally as it provides aesthetic feasibility to the product and is usually employed in fragrances, shampoos, and package cosmetics.
- Moreover, Indian consumers are focusing on sustainability to drive Eco-Friendly packaging. Indian consumers are becoming more aware of their surroundings and environment. As per Euromonitor Lifestyles Survey data, 28% of consumers strongly agree to impact the environment over their everyday actions positively.