All opportunities and challenges in Cosmetic Packaging Market

July 18 16:05 2022
All opportunities and challenges in Cosmetic Packaging Market
Browse 144 market data Tables and 43 Figures spread through 180 Pages and in-depth TOC on “Cosmetic Packaging Market”
Cosmetic Packaging Market by Type, Material (Glass, Metal, Rigid plastic, Paper-based, Flexible packaging), Application (Skin care, Hair care, Oral care, Sun care, Color cosmetic, Fragrance & perfume), and Region

The global cosmetic packaging market size is projected to grow from USD 49.4 billion in 2020 to USD 60.9 billion by 2025, at a CAGR of 4.03% from 2020 to 2025. The market is projected to grow in accordance with the growth of the cosmetic industry across the globe. Factors such as an increase in the innovations in packaging, and a boost in the demand for cosmetics from the youth population is expected to drive the market for cosmetic packaging.

The cosmetic packaging market has been dominated by large players, such as the Amcor PLC (Australia), Berry Global Inc. (US), DS Smith PLC (UK), Sonoco (US), and Huhtamaki Oyj (Finland). These players have adopted various growth strategies, such as expansions, new product developments, and acquisitions, to increase their market shares and enhance their product portfolios.

Amcor (Australia) designs highly versatile cosmetic packaging solutions that are innovative, available with a one-way integrated valve, and offer ease of disposal. Innovation, excellence in manufacturing, and a broad range of technologies are the key strengths of the company. The company caters to the food, healthcare, beverage, home, tobacco, and personal care industries through its broad range of flexible and rigid packaging products. Amcor is currently focusing on reducing the carbon footprint by making the packaging material lighter, increasing the recycling rate of raw materials, developing efficient transport and re-closable packaging, and creating packaging material sustainable to heat treatment.

To know about the assumptions considered for the study download the pdf brochure

Berry Global Inc. (US) is one of the key manufacturer and supplier of a range of innovative rigid and flexible products for the consumer as well as industrial end markets. Berry Global focuses on expanding its customer base in various regions by offering an attractive product portfolio for cosmetic packaging. Along with a strong footprint worldwide, the company also focuses on offering an innovative & sustainable solution to the cosmetic industry for its cosmetic packaging. It has a strong foothold across the globe with 130 manufacturing facilities in North America, Asia, Europe, South America, and the Middle East.

As far as worth and volume is concerned, the bottles segment is projected to lead the cosmetic packaging market from 2020 to 2025.

Considering type, the bottles segment is projected to be the biggest market for cosmetic packaging. The prevailing market position of the bottles can be ascribed to its sturdiness. Plastic jugs / bottles are generally liked as these are light in weight (which makes them simple to carry) and are not easily breakable. Besides, the interest of bottles for scents and aromas is quickly expanding due to the alluring and premium look of the glass bottles.

As far as worth and volume is concerned, the skin care segment of the cosmetic packaging market is projected to be the biggest market.

By application, the skin care segment is projected to be the biggest portion in the cosmetic packaging market. This predominant market position is owing to the dramatic development sought after for personal care & grooming items across the globe. With the adjustment of the way of life and purchasing behaviours, the interest in health, grooming and personal care items has additionally gone up (particularly the young and male populace), which has set out an opportunity for the skin care segment.

As far as both worth as well as volume, the Asia Pacific region is assessed to represent the most noteworthy share in the worldwide cosmetic packaging market during the estimate time frame

The Asia Pacific area represented the biggest market share in 2019. The expansion sought after in the region for cosmetic packaging can be generally credited to the developing populace, urbanization and discretionary cashflow of the populace. Moreover, there are less severe standards and norms for the utilization of raw materials or manufacturing of packaging items, alongside the simple accessibility of modest work, which is drawing in the central parts to extend their activities in the region. Moreover, the expansion popular for cosmetics from the arising economies of Asia Pacific is supposed to help the market for cosmetic packaging also.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1307

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/cosmetic-packaging-market-1307.html