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Personal Care Contract Manufacturing Market To Show Marvelous Growth Worth $29.2 Billion By 2027 | Grand View Research, Inc.

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Personal Care Contract Manufacturing Market To Show Marvelous Growth Worth $29.2 Billion By 2027 | Grand View Research, Inc.

May 06
01:57 2021
Personal Care Contract Manufacturing Market To Show Marvelous Growth Worth $29.2 Billion By 2027 | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the global personal care contract manufacturing market is expected to expand due to rising demand for organic products due to increased awareness of harmful effects of chemical-based products

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. 

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/personal-care-product-contract-manufacturing-market

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.

Request for Sample Pages @ https://www.grandviewresearch.com/industry-analysis/virtual-production-market/request/rs1

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
        • Skincare
        • Haircare
        • Make up & Color Cosmetics
        • Fragrances & Deodorants
        • Others
    • Custom Formulation and R&D
        • Skincare
        • Haircare
        • Make up & Color Cosmetics
        • Fragrances & Deodorants
        • Others
    • Packaging
        • Skincare
        • Haircare
        • Make up & Color Cosmetics
        • Fragrances & Deodorants
        • Others

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

     North America
        • The U.S.
     Europe
        • Germany
        • The U.K.
    • Asia Pacific
        • China
        • Japan
        • India
    • Rest of World

Speak to Analyst @ https://www.grandviewresearch.com/inquiry/4636/ibb

 About Grand View Research

Grand View Research is a market research and consulting company headquartered in San Francisco, which offers syndicated research reports, customized research reports, and consulting services to clients across a number of industries, including healthcare, materials, chemicals, energy, technology, and food and beverage, among others.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/personal-care-product-contract-manufacturing-market


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