Market Research Report
Personal Care Contract Manufacturing Market Size, Share & Trends Analysis Report By Service (Manufacturing, Packaging), By Region (APAC, North America, Europe, RoW), And Segment Forecasts, 2020 - 2027
|Personal Care Contract Manufacturing Market Size, Share & Trends Analysis Report By Service (Manufacturing, Packaging), By Region (APAC, North America, Europe, RoW), And Segment Forecasts, 2020 - 2027|
Published: February 12, 2020
Grand View Research, Inc.
Content info: 122 Pages
Delivery time: 2-10 business days
The global personal care contract manufacturing market size is expected to reach USD 29.2 billion by 2027, registering a CAGR of 6.1% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for organic products due to increased awareness of harmful effects of chemical-based products is likely to boost the market growth.
Increasing disposable income coupled with rising consumer awareness on personal hygiene, is expected to drive the market. Furthermore, increasing demand for natural and organic products on account of rising concerns regarding the long-term impact of chemicals on human health is expected to augment the product demand over the projected period.
The skincare products are manufactured for several skin conditions and skin types owing to which, manufacturers tend to provide a wider product portfolio based on consumer's personal preference. Thus, increasing demand for skincare products, especially from the millennials, is likely to drive the market.
Major players in the market are continuously investing in R&D projects to enhance the formulation capabilities to gain a competitive edge over other players. Widespread distribution channels benefit these significant players in catering to the global market and provide optimum quality services to its customers.
Some of the key players in the personal care contract manufacturing market are McBride PLC; Albea Beauty Holdings S.A.; Colep Portugal, S.A.; Vi-Jon, Inc.; and Formula Corp.