Market Size of US Personal Care Packaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.30 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Personal Care Packaging Market Analysis
The United States Personal Care Packaging Market will register a CAGR of 3.3% during the forecast period. Personal care packaging is materials used to protect unique care products from contamination and other damages. These materials include plastic, flexible packaging, paperboard, glass, and metals.
- Additionally, people use e-commerce channels more frequently to buy personal care items in the United States. Despite the low share of online sales, growth is anticipated during the predicted period. To expand into selling items through online platforms, Unilever has also been making new acquisitions.
- People turn to organic products and natural remedies with increased awareness about the harmful effects of preservatives and chemicals in items like skincare products. Nowadays, a wide range of beauty and skincare products are available that claim to be free of chemicals and offer natural remedies, increasing the use of folding cartons as packaging.
- The region's rapidly expanding market for nail care products is a significant factor in the rise of glass bottles in the cosmetics sector. The growth is fueled by the popularity of artistic manicures and gel formulas, with liquid nail paints still on the rise.
- According to the Operational Excellency Society, product packaging accounts for a sizeable portion of the cost. In some markets, it can account for up to 15% of the product's price in the package and may even increase if not controlled. The fluid growth of the market under study in the United States can be hampered by the prohibitively high cost of developing new packaging designs.
- The widespread shutdown of outlet sales caused by the global COVID-19 pandemic has resulted in a supply crisis, which has caused an unprecedented, if brief, decrease in the market. Although some categories, such as the need for soaps and hand sanitizers, are seeing a significant increase in demand due to the pandemic, cosmetics vendors are increasingly marketing their goods with inner well-being tags, contributing to the market's growth during the epidemic.
