Personal Care Contract Manufacturing Market Opportunities To Reach $29.2 Billion By 2027

Personal Care Contract Manufacturing Market Report Highlights

• The demand for fragrances and deodorants in the manufacturing service segment is estimated to reach USD 3.6 billion by 2027, owing to increasing demand for premium products and rising consumer preference for spray-on antiperspirants
• The packaging service segment accounted for 8.4% of the global revenue in 2019, on account of its ability to increase aesthetic value of the product, thereby influencing customer’s purchasing decision significantly
• Germany is estimated to register a CAGR of 6.0% in terms of revenue from 2020 to 2027, on account of increasing demand for products such as lip-gloss and nail paints
• Asia Pacific is expected to reach USD 8.7 billion by 2027, owing to the presence of low-price high-quality packaging coupled with logistics, distribution, and sales provided by contract manufacturers
• Market players focusing on regional expansion and contracts in the high demand countries of Asia Pacific and North America to obtain a competitive edge over its competitors
• 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.

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Personal Care Contract Manufacturing Market Segmentation

Grand View Research has segmented the global personal care contract manufacturing market on the basis of service and region:

Personal Care Contract Manufacturing Service Outlook (Revenue, USD Million, 2016–2027)

• Manufacturing
• Make up & Color Cosmetics
• Custom Formulation and R&D
• Packaging

Personal Care Contract Manufacturing Regional Outlook (Revenue, USD Million, 2016–2027)

• North America
• Europe
• Asia Pacific
• Rest of World