Bulk Packaging Market for Cosmetic Industry 2020 - Overview
Global Bulk Packaging Market for Cosmetics Industry by Material (Plastic, Paper & Paperboard, Metal), Product (Pails, Drums, Bulk Boxes, Shipping Sacks, Material Handling Containers, Others) and Region - Forecast To 2025
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Bulk Packaging Market for Cosmetic Industry Overview
Bulk packaging for the cosmetics industry is referred to a tertiary level packaging which includes the holding of makeup and other products in high quantities for distribution of the same. Bulk packaging for cosmetic industry aids in the protection of products during transportation. It mainly protects the products against shocks, vibration, drops, and other natural factors. Cosmetic companies generally employ bulk packaging for the shipping of these products across both domestic and international borders. As per the latest report published on the website of Market Research Future (MRFR), the global bulk packaging market for cosmetics industry is anticipated to garner a revenue valuation of USD 12,060 million, registering 7.15% CAGR, by the end of the forecast period.
Key Players
The global bulk packaging market for cosmetic packaging boasts a presence of various giant vendors including
Berry Global Inc. (US)
BWAY Corporation (Georgia)
Georgia-Pacific (US)
Greif (US)
Menasha Corporation (US)
Rehrig Pacific Company (US)
REMCON Plastics Inc. (US)
Schoeller Allibert (Netherlands)
Westrock Company (US)
Industry Update
July 2019: Berry Global recently announced the completion of their acquisition of RPC Group for approximately USD 6.5 billion. Such acquisition has resulted in a leading global supplier of value-added protective solutions and is now one of the world’s largest plastic packaging companies.
Market Segmentation
The bulk packaging market for cosmetic industry is studied for several segments based on product and material. Based on product, the global bulk packaging market for cosmetic industry is segmented into metal, plastic, paper, and paperboard. Among these, the plastic segment is expected to spearhead the global bulk packaging market for cosmetic industry owing to several benefits associated with the material, as compared to other materials. These benefits include cost efficiency, lightweight, and high corrosion resistance.
Based on product, the global bulk packaging market for cosmetic industry is segmented into drums, pails, shipping sacks, bulk boxes and material handling containers. Among these segments, the global bulk packaging market for cosmetic industry is led by the pails segment over the forecast period. Such domination can be attributed to their performance and higher cost-effectiveness as compared to other types of bulk packaging.
Regional Analysis
The global bulk packaging market is studied for the regional segments of North America, Asia Pacific, Europe, and the Rest of the World. Asia Pacific held the largest share, at 37.50%, of the bulk packaging market for cosmetic industry at the beginning of the forecast period. Europe held the second-largest share of the global bulk packaging market for cosmetic industry in the base year, followed by North America.
Asia Pacific is expected to retain such dictation in the global bulk packaging market for cosmetic industry over the forecast period. This can be owed to the expanding product lines for cosmetic products based on e-retailing and affordability. Further, a rise in the disposable income of consumers, coupled with a rise in the number of manufacturing facilities for cosmetics in the APAC region is promoting sizeable growth in the bulk packaging market for cosmetic industry.
Browse Full Report With TOC & List Of Figures (at) https://www.marketresearchfuture.com/reports/bulk-packaging-market-3683
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Unternehmensinformation / Kurzprofil:
Datum: 24.03.2020 - 13:39 Uhr
Sprache: Deutsch
News-ID 609524
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contact information:
Contact person: sagar
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Kategorie:
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Typ of Press Release: Product
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Date of sending: 24/03/2020
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