Active, Smart and Intelligent Packaging Market for Cosmetics and Personal Care, Analysis: Authenticity is Attributed to be the Prime Preference for Cosmetics and Personal Care Packaging

The global active, smart and intelligent packaging market for cosmetics and personal care was valued at US$ 145.4 million in 2018. The active, smart and intelligent packaging market for cosmetics and personal care is projected to expand at a CAGR of 7.8% during the forecast period of 2019-2027.

By function, the global active, smart and intelligent packaging market for cosmetics and personal care is segmented into protection and security, indication, track and trace, and authenticity. The protection and security function in the active, smart and intelligent packaging market for cosmetics and personal care is further categorized into corrosion, atmospheric gas, physical damage, and anti-theft. The indication function in the active, smart and intelligent packaging market for cosmetics and personal care is further categorized into time and temperature, quality and safety, freshness, and product level.

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Multifunction Sensors are Propelling the Growth of the Active, Smart and Intelligent Packaging Market for Cosmetics and Personal Care

In the active, smart and intelligent packaging market for cosmetics and personal care, the track and trace function is estimated to be a prominent function, followed by protection and security. Active, smart and intelligent packaging for cosmetics and personal care is highly preferred for tracking, tracing, and security functions. Active, smart and intelligent packaging for cosmetics and personal care has significant applications in retail outlets and supply chain processes for security, protection, and track and trace. The shipment of cosmetics and personal care products through different modes is creating the extensive need for proper track and trace functions embedded with multifunctional sensors.

Retail Outlets are Attributed to Boost the Demand for the Anti-Theft Function Type

In the protection and security function in the active, smart and intelligent packaging market for cosmetics and personal care, the anti-theft sub-segment is expected to experience growing demand, owing to the availability of cost-efficient RFID and NFC tags and labels in the market. Anti-theft tags and labels with high and low frequencies are estimated to be more popular products for organized consumer goods and apparel retail stores. Other than the anti-theft functionality, the corrosion-resistant and physical damage segments are anticipated to witness impressive growth in the active, smart and intelligent packaging market for cosmetics and personal care.

Research Activities Anticipated to Provide Impressive Growth for the Active, Smart and Intelligent Packaging Market for Cosmetics and Personal Care

In the active, smart and intelligent packaging market for cosmetics and personal care, the indication function is estimated to hold a market share of less than 7% in 2019, and expected to witness sluggish growth during the forecast period. As compared to food packaging, the adoption of active packaging is low in cosmetics and personal care packaging. Ongoing research and development for the acceptance of active packaging to reduce preservatives in products and increase shelf life is expected to boost the demand for active packaging from key players of cosmetics and personal care.

Consumer interaction and counterfeiting are estimated to be key concerning factors in the active, smart and intelligent packaging market for cosmetics and personal care. In the active, smart and intelligent packaging market for cosmetics and personal care, the implementation of smart codes and labels is increasing for improving the interaction between consumers and brands with the help of Internet of Things (IoT) technologies. In the global active, smart and intelligent packaging market for cosmetics and personal care, authenticity is expected to witness high demand throughout the forecast period.

Significant key players performing in the active, smart and intelligent packaging market for cosmetics and personal care are 3M Company, LCR Hallcrest LLC, Thin Film Electronics ASA., Amcor Limited, Bemis Company, Inc., CCL Industries Inc., Coveris Holdings S.A., Sealed Air Corporation, Crown Holdings, Inc., Landec Corporation, PakSense, Inc., Temptime Corporation, Multisorb Technologies, Inc., Vitsab International AB, Varcode, Ltd., Cosmogen, Deltatrak Inc., Cryolog S.A., Timestrip UK Ltd., and ShockWatch, Inc.

Recent developments in the global active, smart and intelligent packaging market for cosmetics and personal care -

  • In June 2018, Tyco Retail Solutions launched new Sensormatic Health, Beauty and Cosmetic Labels, offering an anti-theft function for cosmetic products, owing to size and shape constraints.
  • In January 2018, La Roche Posay’s My UV Patch by L’Oreal, started using Near-field communication (NFC), and augmented reality technology, supported by a custom mobile app, to deliver a personalized consumer experience, which specifically caters to current consumers’ lifestyles and behavioral trends.

In this report, Transparency Market Research offers historical analysis between 2014 and 2018, and an 8-year forecast of the global active, smart and intelligent packaging market for cosmetics and personal care between 2019 and 2027. The study reveals the dynamics of the active, smart and intelligent packaging market for cosmetics and personal care in five geographic segments, along with market analysis for the current market environment, and future scenario over the forecast period of the global active, smart and intelligent packaging market for cosmetics and personal care.

Active, Smart and Intelligent Packaging Market for Cosmetics and Personal Care: Report Description

This Transparency Market Research report studies the global active, smart and intelligent packaging market for cosmetics and personal care for the period 2019–2027. The prime objective of this report is to offer insights and key market trends pertaining to the active, smart and intelligent packaging market for cosmetics and personal care that are gradually helping transform global businesses.

The global active, smart and intelligent packaging market for cosmetics and personal care report begins with the executive summary for various categories, and their share in the active, smart and intelligent packaging market for cosmetics and personal care. This is followed by the market background section, which includes market dynamics; an overview of the global packaging market; and TMR analysis of the market drivers, restraints, opportunity analysis, and trends that are affecting the growth of the active, smart and intelligent packaging market for cosmetics and personal care.

Furthermore, to understand the popularity of the various active, smart and intelligent packaging market for cosmetics and personal care segments, an attractiveness index and BPS analysis with elaborated insights on the same is provided, which will show the market’s attractiveness based on factors such as CAGR, incremental opportunity, and estimated market share in 2019. To show the performance of the active, smart and intelligent packaging market for cosmetics and personal care in each country and region, BPS and Y-o-Y growth analysis are provided.

The global market for active, smart and intelligent packaging for cosmetics & personal care is further segmented by product type, function, application, and packaging end use.

The next section of the report highlights the active, smart and intelligent packaging market for cosmetics and personal care by region, and provides the market outlook for 2019–2027. The study investigates Y-o-Y growth regionally, as well as analyses the drivers that influence the regional active, smart and intelligent packaging markets for cosmetics and personal care. The main regions assessed in the active, smart and intelligent packaging market for cosmetics and personal care report include North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa (MEA). The report evaluates the present scenario and growth prospects of the regional active, smart and intelligent packaging markets for cosmetics and personal cares for 2019–2027.

To ascertain the size of the active, smart and intelligent packaging market for cosmetics and personal care in terms of value and volume, the revenue generated by key manufacturers and their respective production capacities are taken into consideration. The forecast presented here assesses the total revenue generated by value, across the active, smart and intelligent packaging market for cosmetics and personal care. In order to provide an accurate forecast, we initiated the research by sizing the current market, which forms the basis of how the active, smart and intelligent packaging market for cosmetics and personal care is expected to develop in the future.

Given the characteristics of the active, smart and intelligent packaging market for cosmetics and personal care, we triangulated the outcome on the basis of three different types of analysis - based on the supply side, downstream industry demand, and economic envelope. In addition, it is imperative to note that, in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze the active, smart and intelligent packaging market for cosmetics and personal care based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the active, smart and intelligent packaging market for cosmetics and personal care, and identify the right opportunities across the market.

The market segments for the global active, smart and intelligent packaging market for cosmetics and personal care have been analyzed in terms of basis point share (BPS) to understand the individual segment’s relative contribution to market growth. This detailed level of information is important for identifying various key trends in the active, smart and intelligent packaging market for cosmetics and personal care. Another key feature of the global active, smart and intelligent packaging market for cosmetics and personal care is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the active, smart and intelligent packaging market for cosmetics and personal care. The overall absolute dollar opportunity along with segmental split is mentioned in the global active, smart and intelligent packaging market for cosmetics and personal care report.

Transparency Market Research has developed the 'market attractiveness index' for the active, smart and intelligent packaging market for cosmetics and personal care. The resulting index should help providers identify real market opportunities.

In the final section of the active, smart and intelligent packaging market for cosmetics and personal care report, a 'dashboard view' of the companies is provided to compare the current industrial scenario and their contribution to the total active, smart and intelligent packaging market for cosmetics and personal care. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of specific key providers in the active, smart and intelligent packaging market for cosmetics and personal care.

Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the active, smart and intelligent packaging market for cosmetics and personal care. Key active, smart and intelligent packaging market for cosmetics and personal care players profiled in the report include 3M Company, Amcor Limited, Bemis Company, Inc., CCL Industries Inc., Coveris Holdings S.A., Crown Holdings, Inc., Sealed Air Corporation, Landec Corporation, PakSense, Inc., Temptime Corporation, Vitsab International AB, Varcode, Ltd., LCR Hallcrest LLC, Thin Film Electronics ASA., Multisorb Technologies, Inc., Cosmogen, Deltatrak Inc., Cryolog S.A., Timestrip UK Ltd., and ShockWatch, Inc.

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