Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on
cosmetic packaging market provides in-depth analysis of segments and
sub-segments in the global as well as regional cosmetic packaging market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional cosmetic packaging market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global cosmetic packaging market. According
to the report, the global cosmetic packaging market is projected to grow at a
CAGR of 4.12% over the forecast period of 2019-2025.
Cosmetic packaging contains two types of packaging such as
primary and secondary packaging. Primary packaging covers cosmetic products and
it is directly connected with products whereas, secondary packaging provides
the external covering to the cosmetic containers. The main purpose of cosmetic
packaging includes the enrichment of the looks of the products connected with
the expansion of the shelf life of the products. Further, packaging also
protects the products and easy to access for the vendors and the consumers.
Growing demand for cosmetics due to the rising geriatric
population and increasing consciousness about personal care are major factors
driving the growth for the cosmetic packaging market. On average the US women
spend 2920 USD on cosmetic products annually. Further, increasing disposable
income resulting in the rise of consumption of cosmetics, and the growth of
health-conscious consumers are also supporting the growth of the market.
Besides, the packaging is becoming an important marketing strategy for manufacturers.
sustainable and eco-friendly packaging is being adopted by several
manufacturers for reducing waste that is created by cosmetic packaging.
Changing standards of living, increasing demand for product differentiation and
packaging efficiency are some of the factors boosting the demand for the
cosmetic packaging market. Moreover, innovation in packaging and development of
different & new packaging styles are providing huge growth opportunities
for this market during the upcoming years. But on the contrary, the high cost
of production and fluctuating the prices of raw materials are likely to hamper
the growth in the cosmetic packaging market.
Among the geographies, Asia-Pacific dominated the cosmetic
packaging market while North America accounted for the second largest market in
terms of revenues in this market. Factors such as increasing demand for luxury
products, increasing preferences of consumers for eco-friendly products, and
growing awareness regarding cosmetic packaging are driving the growth of the
cosmetic packaging market in the Asia Pacific region. Further, in North America
due to the growing adoption of new technologies in cosmetic packaging,
increasing in disposable income, growth in aging populations and rising trends
of skincare products are some of the important factors driving the growth of
the market in the North America region.
The report on global cosmetic packaging market covers
segments such as material, application, and container. On the basis of
material, the sub-markets include glass, paper, plastic, and other materials.
On the basis of application, the sub-markets include skin care, hair care, makeup, and nail care. On the basis of container, the sub-markets include jars,
tubes, bottles, pumps & dispensers, and other containers.
The report provides profiles of the companies in the market
such as Amcor Limited, Ball Corporation, Silgan Holdings Inc., Bemis Company,
Inc., World Wide Packaging LLC, Libo Cosmetics Co., Ltd., Quadpack Industries,
S.A., HCP Packaging, Albéa S.A., DS Smith, and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of cosmetic
packaging market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.
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