- Advancements in printing technology and premiumization of products are set to be major contributors of growth in the global cosmetic packaging market
- Hair care products and skin care products segments under the application category are set to witness notable increase in their demand over the forecast period of 2018 to 2026
ALBANY, N.Y, Sept. 8, 2020 /PRNewswire/ -- Chic designs and high graphic printing are taking over cosmetic packaging. And, the increasing attractiveness, often used as a product differentiation strategy, is anticipated to contribute to growth in the global cosmetic packaging market. Over the period of 2018 to 2026, it is expected to chart a CAGR of 4.7%.
As per Transparency Market Research, "Factors such as enhanced appeal of products and extended shelf life are set to contribute to this growth. Increase in commercial set-ups is also set to be a notable factor of growth over the forecast period."
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Key Findings of Global Cosmetic Packaging Market Study:
- Increasing penetration of e-commerce in urban as well as in rural areas is creating a positive impact on global cosmetic packaging market's growth
- In emerging markets, access to and use of internet is increasing, leading to higher penetration of e-commerce
- Demand for hair care and skin care products in growing and is set to witness growth over the forecast period
- Growth in demand for personalized, sustainable, and smart packaging is being witnessed
For a detailed analysis of global cosmetic packaging market by material type, application type, container type, and region visit at https://www.transparencymarketresearch.com/cosmetic-packaging-market.html
Key Drivers of Growth in Global Cosmetic Packaging Market:
- Printing and material technology is witnessing notable advancements and that is set to drive the market for cosmetic packaging forward
- Demand for cosmetics is high and growing steadily owing to a number of factors and that is paving way for a high growth trajectory
- Increase in disposable income and growing social media influence, which pushes people towards a higher standard of beauty, are leading to higher demand for cosmetics
- Growing geriatric population is also set to drive demand for cosmetics, pushing up demand for attractive packaging
- Increase in number of commercial set-ups is propelling the market growth higher as high-end services provided by these garner more attention
- Personalized, smart, and reusable packaging solutions are witnessing growth in demand in the market
Regional Analysis of Global Cosmetic Packaging Market:
- Asia Pacific (APAC) region is set to chart growth in the global cosmetic packaging market over the forecast period
- Growing number of commercial set-ups and their growing popularity is set to contribute to regional growth
Analyze global cosmetic packaging market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Competitive Analysis of Global Cosmetic Packaging Market:
The global cosmetic packaging market is fragmented. Players setting new benchmarks are Aptar Group, Inc, RPC Group Plc, Gerresheimer AG, Amcor Limited, Libo Cosmetics Company, Ltd., Quadpack Industries, HCP Packaging, Fusion Packaging, ABC Packaging Ltd., Swallowfield Plc, Saverglass sas, Essel Propack Ltd, Albea S.A., Quadpack Ltd, Coverpla S.A., The Packaging Company, Smurfit Kappa Group PLC, Alovey Cosmetic Packaging Co., Ltd, HCT Group, and Rise Cosmetic Packaging Co., Ltd.
Transparency Market Research has evaluated financials, strategies, recent developments, and product portfolios of prominent players to provide a holistic competitive dashboard. Product development is a critical step forward in the direction of capturing larger market share. That makes research and development (R&D) activities significant. Mergers and acquisitions have been noted over the past few years, aiming at combining of resources, consolidating market position, or improving regional penetration.
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Market Segmentation:
By Material Type:
- Glass
- Paper
- Plastic
- Metal
- Others (Ceramic)
By Application Type:
- Skin Care
- Hair Care
- Make Up
- Nail Care
By Container Type:
- Jars
- Tubes
- Bottles
- Pumps & Dispensers
- Sachets
- Others
By Capacity:
- < 50 ml
- 50- 100 ml
- 100 - 150 ml
- 150 - 200 ml
- > 200 ml
By Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Explore Transparency Market Research's award-winning coverage of the Global Packaging Industry:
Labels Market - Good finishing properties of cast coated label papers such as embossing, bronzing, and metallizing are gaining consumer attention at retail stores. Its applicability in wet glue labels is anticipated to boost growth of the labels market, owing to its advantages of universal printability involving traditional and digital printing methods.
Envelope Paper Market - Demand for direct mailing and rising e-Commerce practices are anticipated to propel growth of the envelope paper market. Globally, the envelope paper market was valued at ~US$ 3 Bn in 2018 and is anticipated to register a CAGR of ~2% during the forecast period of 2019-2027.
Inverted Pouches Market - he inverted pouches market is projected to register a CAGR of ~7% during the forecast period. An inverted pouch is a flexible packaging solution, which can be used to pack food items such as sauces, condiments, and personal care products.Consumers are more inclined towards products that offer convenience and features such as controlled dispensing, portability, ease of opening, and resealability, and are lightweight.
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