Skip to main content

Cosmetic Packaging Market is expected to create an incremental $ opportunity of US$ 14,250.92 Mn

The global cosmetic packaging market has witnessed extraordinary growth during the past few years, owing to high graphics printing, chic design, extended shelf-life, enhanced shelf-appeal and sustainability features, which are expected to boost the demand for cosmetic packaging market during the forecast period. Global cosmetic packaging market is segmented by material, application, container, capacity, and by region.
The hair care segment is anticipated to expand at the highest CAGR of 5.2% during the forecast period. The skin care application segment is expected to dominate the overall market throughout the forecast period by value and volume. The recent trends in the global cosmetic packaging market show that the prices are steadily falling due to the rising competition between market players. This has led to the increasing penetration and rise in per capita consumption of cosmetics worldwide, especially in APAC and Latin America. Rising beauty & health awareness has led to an increase in skin care and hair care product sales.
Growing cross-border sales and penetration of e-Commerce and internet in rural & semi-urban areas of APAC, Latin America, and Africa regions is also driving the cosmetic packaging market. Packaging is considered to be a silent salesman. Global cosmetic packaging manufacturers are using packaging as a product differentiation strategy to win the market and stand out among the competition. Packaging helps to drive impulse buying and enhances shelf-appeal and consumer satisfaction.
The rising consumer demand for multifunctional applications and organic cosmetics is the major consumption trend observed in the cosmetic packaging market. Rising health care awareness and negative consumer perception towards the harmful effects of chemical-based cosmetic packaging are influencing the consumer demand for organic cosmetics. Organic cosmetics need extra protection to extend their shelf life. Advances in printing technology are helping packaging manufacturers to design and develop high graphic-printed cosmetic packaging products.
The global cosmetic packaging market has been segmented into five regions, i.e. North America, Latin America, Europe, Asia Pacific region (APAC), and Middle East & Africa (MEA). APAC dominates the cosmetic packaging market globally in terms of production & consumption. APAC is also home to a large number of global cosmetic packaging companies. The aforementioned factors have made APAC a dominating cosmetic packaging market worldwide. China and Japan highly contribute to the APAC cosmetic packaging market. The European cosmetic packaging market is anticipated to expand at a lucrative CAGR of 4.3% during 2018-2026. Germany & France are the major contributors in the European cosmetic packaging market. Growth in Eastern Europe is anticipated to drive the overall European cosmetic packaging market over the forecast period.
The paper segment is estimated to be the fastest growing material segment during the forecast period due to the rising intolerance towards plastic. Paper provides easy printability and ensures sustainability. Glass & metal are anticipated to maintain their considerable and steady market share in cosmetic packaging throughout the forecast period. The less than 50 ml segment is expected to dominate the overall market by capacity type. This is due to its affordability and ease in handling. Middle-class population in APAC and Latin America buys less, but more often. This trend is influencing the demand for small-size packs. The rising number of nuclear families and adoption of on-the-go lifestyle is also driving the demand for small size cosmetic packaging.

The market players profiled in the cosmetic packaging market include – 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.

Comments

Post a Comment

Popular posts from this blog

Wi-Fi Chipset Market Poised for an Explosive Growth in the Near Future

Wi-Fi is a technology based on the IEEE 802.11 standard which connects two or more devices using wireless communication within a limited area such as office building, school, home, or computer laboratory. Usage of Wi-Fi has increased significantly in residential and commercial places since the last several years due to the ease of its installation and operation. Currently, a number of devices including video-game consoles, digital cameras, digital audio players, digital printers, smart TVs, tablets, phones, and personal computers are available with built-in Wi-Fi technology. These devices can connect to the internet with the help of wireless access point or wireless LAN (Local Area Network) and can provide control and monitoring of a system from a remote location. Wi-Fi chipsets usually operate in 2.4 gigahertz UHF (Ultra High Frequency) band and 5.8 gigahertz SHF (Super high frequency) band. Wi-Fi Alliance, comprising more than 375 organizations worldwide, establishes and enforces W...
Post a Comment
Read more

Keyless Entry System Market: Industry Outlook, Growth Prospects and Key Opportunities

Keyless entry system is technology that provides physical access to an individual inside any premises or automotive without the use of a mechanical key for performing the locking and unlocking operation. Keyless entry system provides an enhanced convenience and security to the users. In case of a keyless entry system, the users get secure and authorized access to an automotive or premise with the use of various external devices or gesture such as a keyless fob or a smart card, or by the use of their own voice, fingerprints or facial recognition among others. Owing to rapidly increasing adoption of smart technologies across various application sectors, keyless entry systems is increasingly installed among users especially in the transportation sector, government sector, banking financial services and insurance (BFSI) sectors and hospitality industry among others. The global Keyless Entry System market is anticipated to experience a robust growth during the forecast period from 2017 to...
Post a Comment
Read more

Automotive EGR Gas Temperature Sensor Market Anticipated To Surge With An Impressive CAGR Of 2025

In an IC engine, EGR (exhaust gas recirculation) gas temperature sensors are used to measure the temperature of the exhaust system. EGR is a technique that is utilized to reduce the nitrogen oxide emissions in petrol/diesel engines. Exhaust gases are reintroduced into the engine combustion chamber to cool the combustion flame. Some vehicles employ an EGR temperature sensor to determine EGR operation. This information is used by the powertrain control module (PCM) to regulate the EGR operation. EGR gas temperature sensor is located in front of the Diesel Oxidation Catalyst (DOC) and in front of the Diesel Particulate Filter (DPF). It detects the exhaust gas temperature and converts it into a voltage and transmits this signal to the engine ECU in order to control engine conditions to effectively reduce emission. EGR bypass valve function diagnostic as well as thermal protection. Gas temperature sensors are employed in various applications such as petrochemicals, automotive s...
Post a Comment
Read more