Personal Care Contract Manufacturing Market Size, Share & Industry Analysis By Formulation (Liquids, Creams, Lotions, Oils, Gels, Others), By Application (Skincare, Haircare, Make up & Color Cosmetics, Fragrances & Deodorants, Others) and Regional Forecast, 2022-2029

When it comes to the manufacturing of personal care manufacturing products, it is very difficult to handle the manufacturing. Moreover, the inhouse production is expensive, while the private labelling force the manufacturer to tack to the brand onto someone’s others formulation. Thus the alternate way to solve this problem is contract manufacturing. Personal care contract manufacturing is a perfect method for bringing personal care products such as hair and skin care into the market. Contract manufacturing is a type of business partnership in which the manufacturers handle the production for contract company.

It is expected that increased disposable income, combined with increased customer knowledge of personal hygiene, would boost the demand. The demand for safe and natural products is expected to raise competition for the product over the forecast span due to increasing issues about the long-term effect of contaminants on public health.

Key Market Driver -

Increasing disposable income coupled with rising consumer awareness on personal hygiene, is expected to drive the market.

Key Market Restraint -

High investment costs coupled with low margins tune up the risk factor in the business, making it a big market restraint.

However, Contract production is a highly competitive, demanding and low-margin sector which must be handled effectively. Large maintenance costs in tandem with small margins change the risk factor in the business thus restraining the market growth.

Market Segmentation:

Based on formulation, the market for personal care contract manufacturing is further segmented into liquid, creams, lotions, oils , gels and others. Based on application, the market for personal care contract manufacturing is further segmented into skincare,haircare,make up & color cosmetics, fragrances & deodorants, others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global personal care contract manufacturing Market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the personal care contract manufacturing market includes McBride PLC ,Albea Beauty Holdings S.A., Colep Portugal, S.A., Vi-Jon, Inc., Formula Corp., Kolmar, VVF, Tropical Products, Sarvotham Care, Nutrix, Mansfield-King, Sensible Organics and other.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Personal Care Contract Manufacturing Market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

In terms of Geography, the personal care contract manufacturing market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of both consumption and output the Asia-Pacific region dominates the Personal care contract manufacturing market. The Personal care contract manufacturing market is expected to see a rising demand from India, China and other Asia Pacific countries. Asia Pacific is at the forefront of business expansion due the fastest growing regional market. Established manufacturing industry is expected to boost the demand in Japan coupled with the availability of advanced infrastructure and advanced technologies for R&D and custom formulating. Norh America is expected to witness a significant growth,  owing to rising demand for flexible and innovative packaging in the personal care industry which is expected to have a positive impact on the personal care contract manufacturing market growth. Europe shows a prominent share in the market growth. This can be attributed to the growing demand for personal care products, coupled with presence of well-established manufacturing industries particularly in Germany, Italy, France, Spain, and U.K., is expected to drive the market. Latin America shows moderate growth due to the operating low-profit margins of the product. The Middle East & Africa market is comparatively low with large consumption in GCC nations, Turkey, Iran, South Africa and Egypt. It is also expected to see development detriment due to current political and economic crises such as the conflict between the US and Iran, the Libyan crisis, the crisis in Yemen and others.

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Segmentation

Personal care contract manufacturing Industry Developments

• In January 2020, Silgan Holdings Inc., a key manufacturer of rigid packaging for consumer goods items, declared signing US$ 900 million offer towards the  acquisition Albea's dispensing company. This firm has a significant position across the globe as it is a  manufacturer of highly advanced pumps, foam systems,and sprayers for top consumer goods industries in the beauty and personal care sectors.