Beauty and Personal Care Packaging Beauty and Personal Care Packaging | Page 3

Tubes Pouches Others By Application Skin care Cosmetics Fragrances Hair care Others By Region North America Asia Pacific Europe Rest of the World Regional Analysis Geography-wise, the global beauty and personal care packaging market encompasses North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). The APAC region is predicted to dominate the global market till 2023 due to rapid economic growth and changing lifestyles of consumers. The growth of the cosmetic industry, improved standards of living, and changing beauty standards are other drivers of the regional market. Moreover, the use of social media influencers for spreading the word on latest products can play a pivotal role in transforming the fortunes of the beauty and personal care packaging market. Investments in research and development for natural ingredients and sustainable packaging materials can augur favorably for the market. North America is the region with high growth potential due to product innovations, pollution, and aging populace. Focus on living healthy lifestyles in tandem with awareness of natural and organic ingredients can lead to the development of such products as well as its subsequent packaging. The U.S. is likely to be the biggest revenue generator due to use of infomercials, use of media and social for promotion of products, and celebrity endorsements. Differentiation of products according to price and expansion of offerings by manufacturers to cater to several demographics can drive the regional market growth. TABLE OF CONTENT 1 Executive Summary