Cosmetic Packaging Market study offers detail overview of industry with all the requisite data
to support tactical business decisions and come up with strategic growth plans.
This study also proposes a comprehensive insight into the development policies
and plans in addition to manufacturing processes and cost structures. The
global COVID-19 pandemic has bring about a sudden break off to manufacturing
activities worldwide, affecting the demand for plastics and also production
& processing of them. The most critically impacted end-use segments of the
plastics industry include automotive & transportation, consumer goods,
industrial equipment, construction, and electronics.
Synopsis:
With reference to the
statement issued by the experts, in 2018, the scope of the global Cosmetic
Packaging Market was appreciated at US$ 25.9 billion and is estimated to touch
US$ 35.9 billion by the completion of the year 2025. It is estimated to
increase by a 4.8% CAGR during the period of forecast.
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Some of the major objectives of this report:
•
To provide detailed analysis of the market structure along with forecast of the
various segments and sub-segments of the global Cosmetic Packaging Market.
•
To provide insights about factors affecting the market growth. To analyze the Cosmetic
Packaging Market based on various factors- price analysis, supply chain
analysis, porter five force analysis etc.
•
To provide historical and forecast revenue of the Cosmetic Packaging Market
segments and sub-segments with respect to four main geographies and their countries-
North America, Europe, Asia, and Rest of the World.
•
Country level analysis of the market with respect to the current market size
and future prospective.
•
To provide country level analysis of the market for segment by application,
product type and sub-segments.
•
To provide strategic profiling of key players in the market, comprehensively
analyzing their core competencies, and drawing a competitive landscape for the
market.
•
Track and analyze competitive developments such as joint ventures, strategic
alliances, mergers and acquisitions, new product developments, and research and
developments in the global Cosmetic Packaging Market.
Packing for beauty and
cosmetic products is particularly for placing of brand, customer functionality,
and protection to the product. The progression of innovative and wide-ranging
wrapping styles and modernization in packing performs an important part in
motivating the development. Furthermore, because of increasing alertness about
personal care, developments in per capita earnings, altering criteria of living
and inventive designs, for example sticks and sprays, developing economies are
proposing an enormous openings for the development for the cosmetic products.
Drivers:
Growing demand for
cosmetics owing to increasing population of youngsters, ever-changing style of
packing and advanced designs of package are expected to motivate the cosmetic
packaging industry during the period of forecast. The larger number of products
and trademarks are arriving for the beauty products. Novelty, effectiveness of
packing and demand for product variation are some of the aspects important for
the development of the market.
Additionally, because of
fluctuating tendencies of preparing between both genders categories the demand
for cosmetic products is growing. This is expected to motivate the market
during the period of forecast. The manufacturers depend on wide-ranging
advertisement over diverse mass media for marketing cosmetic items. Novelty in
packing is the important reason for enticing customers. As a consequence
impacting the general development of the cosmetic packaging business during the
upcoming years.
Regional Lookout:
By Region the global
cosmetic packaging industry can be classified as North America, Europe, Asia
Pacific, Central & South America, and Middle East & Africa. Owing to
the greater infiltration of cosmetic products over the common people, the
global market for cosmetics packaging is ruled by Europe and North America.
Because of the greater capability to expenditure of the common people, North
America has controlled the global market. With the aim of increase aesthetics,
the consumption of cosmetics has boosted up in industrialized economies. Owing
to the greater significance of individual appearance between the common people,
the North America is tracked by Europe.
By means of an existence of
enormous number of domestic companies, the Asia Pacific is the maximum
profitable market. Owing to altering financial circumstances, it is estimated
to observe technical progressions. Asia Pacific commanded in 2018, by way of
grabbing the 40% share and is expected to record a substantial CAGR during the
nearby prospect. Japan, in Asia Pacific, funds to the main stream of share and
is estimated to record a 5.4% CAGR during the period of forecast. The
presentation of diverse assortments of the product and increasing acceptance by
the customers owing to growing cognizance regarding diverse benefits for
example the solution for anti-tanning have motivated the cosmetic packaging market
within the state.
Middle East & Africa
(MEA) is estimated to record a 5.2% CAGR during the period of forecast. The
nations for example the UAE and Saudi Arabia are estimated to motivate the
demand for cosmetic products during the nearby prospect. Growing demand for
halal cosmetic products has motivated the market within the state. Therefore,
growing demand for the cosmetic manufacturing tips to an upsurge in demand for
the manufacturing of cosmetic packaging. Lain America along with Asia Pacific
are estimated to observe the maximum percentage of development in the global
cosmetics packaging industry.
Companies:
The foremost objective of
these manufacturing companies are to upsurge the optical impression of the
product accordingly the escalation in sales of the articles. The objective for
these manufacturing companies are the bulk markets for example Japan, China,
India and South Korea. Modernization in the methods of packaging is one of the
important reasons to increase the reasonable benefit. The manufacturing
companies have presented environmentally friendly resolutions of packaging and
are also consuming reprocessed plastics for the similar purpose.
Some of the important
companies for cosmetic packaging market are: AREMIX Packaging, Libo Cosmetics,
DS Smith, Silgan Holdings, HCP Packaging, AptarGroup Inc., Graham Packaging
Company, Bemis Company Inc., RPC Group Plc and Albea.
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