According to Future Market Insights research, during the projected period, the global hair care packaging market is set to enjoy a valuation of US$ 8.4 Billion in 2022, and further expand at a CAGR of 4.5% to reach US$ 13.1 Billion by the year 2032. The sales of the bottles by Packaging Format are anticipated to bolster with the top 3 countries estimated to hold around 43% of the market by the end of 2022.
Based on the material, the plastic segment is projected to remain the leading segment among the other material used for hair care packaging. The reason behind the same is the easy availability of the material, and good product protection at a cheaper rate. The segment is estimated to create an incremental opportunity of US$ 5.0 Bn during 2022-2032.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 8.4 Billion |
| Market Size 2032 | US$ 13.1 Billion |
| Value CAGR (2022 to 2032) | 4.5% |
| Collective Value Share: Top 3 Countries (2022E) | 43% |
The global hair care packaging market forms around 29% of the global cosmetic packaging market worth US$ 28 Billion in 2021.
According to the FMI analysis, the hair care packaging market revenue totaled US$ 8.1 Billion in 2021. With the propelling demand from the various end-users, the global hair care packaging market is projected to reach US$ 13.1 Billion by 2032, accelerating at a CAGR of 4.5% during the forecast period.
The hair care packaging market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that hair care packaging sales will rise during 2022-2032 and is projected to create an absolute incremental growth opportunity of US$ 5.0 Billion.
The cosmetic industry which is changed significantly amid the pandemic has increased the demand for reusable hair care packaging. The hair care packaging market is anticipated to expand 1.55 times the current market value during the forecast period.
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The global hair care packaging market witnessed a CAGR of 4.2% during the historic period with a market value of US$ 8.1 Bn in 2021 from US$ 6.6 Bn in 2015.
The hair care packaging is designed according to the temperature, form, quantity, and composition of the hair care product. Innovative packaging styles of these cosmetics are attracting individuals towards the product. Hair care packaging is in huge demand since youth is becoming more aware of skin care. Irrespective of age people are now buying skincare products, especially after the pandemic. All these positive trends from the customers are pushing the hair care packaging market.
The continuously growing cosmetics industry is projected to drive the demand for hair care packaging. The changes in the personal care and lifestyle of people have increased the usage of cosmetic products which creates a growth opportunity for the hair care packaging market. Overall, the global hair care packaging market is anticipated to bolster at a faster pace during the forecast period.
People are becoming more conscious of skin and personal care. The pandemic made people get out of their slumber for personal care, and a sudden rise in the demand for skincare products has been noticed. People are becoming more aware of their health and skincare. This has driven the market of skin care. The surge in demand for personal care products also boosted the demand for the packaging industry for the same. Different skincare and personal care markets started growing to their fullest potential. Along with these markets, the haircare packaging market as a sub-segment of cosmetic packaging has also grown.
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Based on the material segment, the plastic segment holds the major portion of the global hair care packaging market. Shampoos are the leading product type for hair care. Shampoo bottles are generally made of High-Density Polyethylene (HDPE). HDPE is preferable for hair care packaging and especially in shampoo packaging because, the material is resistant to most chemicals, has good quality, and has amazing durability. All these qualities of the material is making it the first choice for the hair care packaging market. Plastic’s share in the hair care packaging market is the highest as compared to all other materials. Due to such characteristics, plastic is the leading material for hair care packaging.
Hair care products are popular nowadays. Nevertheless of age people are focusing on hair care. The hair care market is expanding through different hair solutions. The Feminine segment is having highest demand for hair solutions. Different hair solutions are offering various benefits to hair, but shampoo is the leading hair solution. The hair care product is having chemical aspects attached to it. Due to such characteristics, shampoo requires packaging according to its chemical states. Bottles are the leading product type for shampoo packaging. Bottles made from plastic are completely suitable for shampoo packaging. Shampoo manufacturers have a huge demand for such bottles. The innovative packaging and attractive shapes of the bottle are what manufacturers are demanding. Due to such substantial demand from hair shampoo manufacturers, the hair care packaging market has been boosted.
Germany is the leading manufacturer of cosmetics in the world. The country is dominating the cosmetics market in terms of innovation and affordability. Germany is providing opportunities to the cosmetics packaging market. Germany as a developed country has more potential for growth than any other developing country.
As per the data collected from Cosmetic Europe, Germany’s cosmetics market is valued at US$ 16.50 Bn in 2021. The European cosmetics market is totally dominated by Germany. The research and development expenditure for the industry is also US$ 2.84 Bn in 2021. The incremental market opportunities for the personal care market are providing new paths to the hair care market as a sub-segment, and as a consequence, the hair care packaging market also gets opportunities parallel to the market.
The Indian economy is one of the largest developing economies in the world. The emerging Indian market has substantial growth opportunities for the personal care market. The hair care market as a fragment of the personal care market is having incremental trends in the Indian market.
As per the data received from the Ministry of Economy and Industry, the market size of the Indian BPC (Beauty and Personal Care) market was US$ 10.5 Bn In 2021. The data suggest that Indians are spending US$ 6.3 individually. The data is leading towards the conclusion that, the Indian personal care market is in boost and cosmetics packaging along with hair care packaging will be in focus.
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The main players in the hair care packaging market are focusing on innovative packaging techniques. Through new designs in the product, companies are trying to get the attention of customers. Key players are acquiring other companies to expand their production capabilities and also they are producing innovative packaging products. Some of those are as under-
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.3% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Units and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Material, Packaging Format, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Albea S.A.; Berry Global Inc; Aptar Group, Inc.; Amcor Plc; Libo Cosmetics Company, Ltd.; Quadpack Industries; HCP Packaging; Gerresheimer AG; Fusion Packaging; Smurfit Kappa Group Plc; Essel Propack Ltd.; World Wide Packaging Inc.; Alovey Cosmetic Packaging Co.,Ltd; Coverpla S.A.; HCT Group |
| Customization & Pricing | Available upon Request |
In 2021, the value of the global hair care packaging market was US$ 8.1 Bn.
During the forecast period, the global hair care packaging market is anticipated to expand at a CAGR of 4.5%.
The global hair care packaging market is expected to reach US$ 13.1 Bn by the end of 2032.
During the forecast period, plastic is likely to be the fastest-growing material segment in the global hair care packaging market.
The growing awareness towards personal care and skincare of people is driving the hair care packaging market.
Albea S.A., Berry Global Inc, Aptar Group, Inc., Amcor Plc, Libo Cosmetics Company, Ltd., Quadpack Industries, HCP Packaging, Gerresheimer AG, Fusion Packaging, Smurfit Kappa Group Plc, Essel Propack Ltd., World Wide Packaging Inc., Alovey Cosmetic Packaging Co.,Ltd, Coverpla S.A., HCT Group
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Hair Care Packaging Market
