Global Cosmetic packaging Market Booming Market to hit $ 31,129.72 million by 2026 with Top Key Play
Global cosmetic packaging market By Type (Tubes, Jars & Containers, Roller Balls, Pen Types, Sticks, Caps & Closures, Bottles, Pumps & Dispensers, Others), Material (Plastic, Metal, Glass, Paper, Others), Application (Hair Care, Nail Care, Skin Care, Make-Up, Other Application)
Market Analysis: Global Cosmetic packaging MarketThe global cosmetic packaging market is expected to reach USD 31,129.72 million by 2025, from USD 42,701.58 million in 2017 growing at a CAGR of 4.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Definition: Global Cosmetic packaging MarketCosmetic packaging refers to the primary packaging of cosmetic packaging product such as cans, tubes, pouches, bags, jars and other. Merchants have been seen to advance toward receiving recyclable and ecofriendly bundling items because of developing ecological worries among the customers. Urbanization and developing mindfulness about individual prepping have prompted the extension of the buyer base for corrective items. The interest for creative plans and hues in bundling items, and spotlight on bundling for mark separation are the essential elements driving the development of the market. Plastic has developed as the material of decision for corrective bundling on account of its flexible nature. According to International Trade Administration, In 2015, USD 3.4 billion was the total cosmetic and personal care product market of Australia was estimated that it will grow by 4% per annum in 2017-2018. Some of the major companies that manufacture oleochemical using fatty alchols are Godrej Industries, Evonik Industries, P&G Chemicals, among other. As per the NPD Group, in 2017, the U.S. beauty industry was reached USD 14.7 billion, it is 6% more than 2016. The skincare sales grew by 9% and contributed 45% of the industry total gain. 6% growth increase in sales is followed by makeup and 4% by fragrance.
Market drivers:
- Growing role of cosmetics packaging in marketing of cosmetic products.
- Increasing demand for smaller packaging size in emerging markets.
- High demand for premium designs, labelling & finishing in cosmetics packaging.
Market restraint:
- Fluctuating raw material prices
- Availability of new packaging material developer
By Type
- Bottles
- Tubes
- Jars & Containers
- Roller Balls
- Pen Types
- Sticks
- Caps & Closures
- Pumps & Dispensers
- Others
By Material
- Plastic
- Metal
- Glass
- Paper
- Others
By Application
- Hair Care
- Nail Care
- Skin Care
- Make-Up
- Other Application
The global cosmetic packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Cosmetic packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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