Cosmetic Packaging Market Share, Global Trends and Forecast to 2023
Cosmetic Packaging Market Share Information By Materials (Plastic, Paper, Glass, Metal), Product (Bottles & Jars, Tubes, Containers, Pouches, Sticks, Roller balls, Dispensers), Application (Hair Care, Skin Care, Nail Care), & Region- Forecast 2023
(firmenpresse) - Cosmetic Packaging Market Share Highlights
The global Cosmetic Packaging Market Share is competitive due to the high growth potential in the market and the presence of many small and large vendors. The key drivers of cosmetic packaging are growth on innovative and alluring packaging. Major cosmetics and personal care brands have started considering effective packaging as an important attribute of product marketing. Therefore, the strategy enhanced brand visibility, increased sales, reduced brand recall rates.
The global Cosmetic Packaging Market Share size is projected to attain a share of more than USD 35.6 billion at a CAGR of 5.2%, by 2023.
Key Players
The key players of global Cosmetic Packaging Market include
ABC Packaging Ltd
Aptar Group Inc.
Amcor Limited
Albea S.A
Fusion Packaging
Gerresheimer AG
HCP Packaging
Libo Cosmetics Company, Ltd.
Quadpack Industries
RPC Group Plc.
Market Research Analysis
The market is highly application based. The key drivers of Cosmetic Packaging Market Share are growth on innovative and alluring packaging. Major cosmetics and personal care brands have started considering effective packaging as an important attribute of product marketing. Therefore, the strategy enhanced brand visibility, increased sales, reduced brand recall rates.
On the basis of materials such as glass, plastic, paper, metal, and wood are used for packaging cosmetics. Plastic leads the market in terms of both value and volume. The changing lifestyles and rising consumer preference the demand for eco-friendly products are increasing. The share owes to the properties of plastic such as light-weight, and durability. On the basis of applications, hair care and skin care accounts for the largest share in the market. The share is attributed to the changing lifestyles and preferences. The industry demands durable and light weight packaging.
On the basis of region, UK, US and Germany contributes largely to the global Cosmetic Packaging Market Share, majorly due to increase in demand for luxury goods. In terms of demand APAC is currently dominating the market. The rising awareness about anti- aging products with the flourishing e-commerce sector in the APAC region is expected to increase the demand of this market. The region has also seen a lot of investment in R&D towards the technological advancement in cosmetic packaging industries.
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Datum: 15.04.2020 - 13:50 Uhr
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News-ID 610641
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Date of sending: 15/04/2020
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