Unlocking Opportunities in the Global Personal Care Contract Manufacturing Market Amidst High Inflation

DUBLIN, Aug. 16, 2023 /PRNewswire/ -- The "Global Personal Care Contract Manufacturing Market by Product Types, Services, Formulation - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to  ResearchAndMarkets.com's offering.

The Global Personal Care Contract Manufacturing Market size was estimated at USD 19.40 billion in 2022, USD 20.75 billion in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.09% to reach USD 33.59 billion by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Personal Care Contract Manufacturing Market.

The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading.

Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Personal Care Contract Manufacturing Market in order to forecast the revenues and analyze trends in each of following sub-markets:

• Based on Product Types, the market is studied across Natural Products Or Herbal Products and Synthetic Products. The Synthetic Products commanded largest market share of 88.18% in 2022, followed by Natural Products Or Herbal Products.
• Based on Services, the market is studied across Custom Formulation and R&D, Manufacturing, and Packaging. The Manufacturing is further studied across Fragrances & Deodorants, Hair Care, Make up & Color Cosmetics, and Skin Care. The Manufacturing commanded largest market share of 51.93% in 2022, followed by Custom Formulation and R&D.
• Based on Formulation, the market is studied across Creams, Gels, Liquids, Lotions, and Oils. The Gels commanded largest market share of 23.31% in 2022, followed by Liquids.
• Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific commanded largest market share of 44.29% in 2022, followed by Europe, Middle East & Africa.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Personal Care Contract Manufacturing Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Personal Care Contract Manufacturing Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Personal Care Contract Manufacturing Market?
4. What is the competitive strategic window for opportunities in the Global Personal Care Contract Manufacturing Market?
5. What are the technology trends and regulatory frameworks in the Global Personal Care Contract Manufacturing Market?
6. What is the market share of the leading vendors in the Global Personal Care Contract Manufacturing Market?
7. What modes and strategic moves are considered suitable for entering the Global Personal Care Contract Manufacturing Market?

Market Dynamics

Drivers

• Rising Consumer Awareness About the Advantages of Localizing Contract Manufacturing
• Surge in Demand for Cosmetics Products Because of Increased Disposable Income of Consumers
• Growing Need For Skincare Products by Consumers

Restraints

• Need for High Initial Investment

Opportunities

• Ongoing Investments in Research and Development Activities for New Product Launches
• Emerging Demand for Organic Personal Care Products from Consumers

Challenges

• Low-Profit Margin Levels Associated with Personal Care Contract Manufacturing Business

Companies Mentioned

• A.I.G. Technologies, Inc.
• Albea Services S.A.S.
• ApolloCorp Inc.
• Bomo Trendline Innovative Cosmetic GmbH
• Colep Consumer Products
• Covalence Laboratories
• Delia Cosmetics
• Fancystage
• Fareva Group
• Formula Corp.
• H.S.A. Hair Styling Applications S.P.A
• KIK Consumer Products Inc.
• McBride PLC
• MS BeautiLabs
• Nature's Own Cosmetics
• Nutrix International LLC
• PLZ Corp
• RCP Ranstadt GmbH
• Sarvotham Care
• Schwartz Natural Cosmetics
• Shree Bhagwati Machtech (India) Pvt. Ltd.
• Skinlys
• Tropical Products, Inc.
• VVF Limited

For more information about this report visit https://www.researchandmarkets.com/r/nex6xd

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