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Global Personal Care Packaging Market To Reach $47.1 Billion by 2027

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By: Jamie Matusow

Editor-in-Chief

According to a recent report—Personal Care Packaging: Global Market Trajectory & Analytics—from global research analysts Research and Markets, during the Covid-19 crisis, the worldwide market for Personal Care Packaging, estimated at $31.8 billion for 2020, is projected to reach $47.1 billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027.

Flexible packaging, according to the report, is projected to record a 5.9% CAGR and reach $19.6 billion by the end of the analysis period. Rigid plastics is estimated to reach 6.3% CAGR for the next 7-year period.

The Personal Care Packaging market in the U.S. is estimated at $8.6 billion for the year 2020. China is forecast to reach a market size of $10.3 billion by 2027 trailing a CAGR of 9.4% over the analysis period 2020 to 2027.

The report notes that Japan and Canada are countries to watch as they are forecast to grow at 3.1% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

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