Cosmetics Packaging Market is Forecast to Touch USD xx Billion by 2027, Growing at a CAGR of xx % During 2020 to 2027
Published | 14 November 2020
According to BlueWeave
Consulting, the cosmetics packaging market has reached USD xx
Million in 2019 and is further projected to reach USD xx billion by 2027,
growing at a CAGR of xx% during the forecast period. Cosmetic containers
(primary packaging) and secondary packaging of fragrances and cosmetic products
are known as Cosmetic packaging. The packaging of a cosmetic is a very significant
factor and needs to be managed carefully. Because it ensures the protection,
brand positioning, brand promoting, shelf positioning, and consumer
functionality of a particular cosmetic item,
Impact of media on beauty image
In recent years there has been an immense amount of increment in
cosmetic consumption. All of this is evident by the fact that every other
person on this planet does use a form of cosmetic, be it in the form of shampoo
or soap, etc. The populations present in both urban, as well as rural settings,
have participated in this growth. Additionally, the increased interest of men
or the male population towards skin and beauty care has also helped in
propelling market growth.
Shifting focus on attractive and innovative packaging of a cosmetic
product
This demand for practical and user-friendly dispensing solutions
and products is prompting cosmetic companies to adopt innovative yet aesthetic
packaging solutions such as the use of recyclable plastic and compostable and
biodegradable plastics. Many companies are nowadays more focused on sensible
and convenient packaging options rather than ones with aesthetic value.
Asia Pacific to dominate the market
As per the studies and analysis, the Asia Pacific region has
registered the biggest share in 2019. The elevation in demand in this region is
largely credited to the developing countries, having a growing urban
population, resulting in maintained GDP, disposable income, etc. Apart from all
of these, the region has places with less strict regulations regarding the
standards for use of raw materials or ingredients procurement.
Major players for the Cosmetic Packaging are LIBO Cosmetics Company, ABC Packaging, Bemis Company Inc.,
Gerresheimer, Ltd.AlbeaGroupCosmopak U.S.A. Llc.World Wide Packaging Llc, Amcor
Ltd, HCP Packaging.Silgan Holding Inc., Quadpack Group, Rexam Plc., Mondi
Group.GEKA world, AptarGroup Inc. among others.
The in-depth analysis of the report provides information about
growth potential, upcoming trends, and statistics of the global Cosmetic
Packaging market size & forecast. The report promises to provide recent
technology trends of the global Cosmetic packaging market and industry insights
that help decision-makers to make sound strategic decisions. Furthermore, the
report also analyzes the growth drivers, challenges, and competitive dynamics
of the market.
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