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Global Cosmetic Packaging Market 2021 Segmented by Application and Geography Trends, Growth and Forecasts

Cosmetic Packaging

Cosmetic Packaging Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Cosmetic Packaging market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Caps and Closures to Account for Significant Share In The Market

Cosmetic manufacturers are providing enhanced value and experience to reach out to more customers by using caps and closures as a customizable extension of a package design identity.
While they both preserve product integrity and facilitate a product’s use by consumers, packaging solution providers are pairing these caps with ergonomic designs to add to their current functions. Thus, the pairing of applicators and cosmetics’ closures has also been witnessed amongst manufacturers.
This development in the market has redefined time-to-market while simplifying projects and shortening lead time, which, in turn, makes the products and packages ready-to-go.
There is a growing attraction for click and close caps to provide the audial assurance and satisfactory closure of the product. Thus, the market is witnessing a growing attraction for magnets in the closures, particularly in luxury skincare packaging.

North America Has A Significant Share In Market

Increasing adoption of advanced technologies for cosmetic packaging and growing trends of skincare products are some of the significant factors driving market growth. Skincare products seem to be the biggest focus for consumers and retailers alike.
The Korean Beauty product trend continues to influence the regional market, especially the Canadian market, as hydration products aimed at creating a dewy, luminous skin look continue to experience high popularity.
The region also has many prominent vendors of cosmetic packaging, who are focusing on expanding. Instead of launching their own new brands, acquisitions, local and global, have become part of their growth strategies.
Many regional packaging vendors are also investing in R&D to innovate new technologies, oriented toward cosmetic products.

Market Overview:

  • The global cosmetic packaging market was valued at USD 27.87 billion in 2018 and is expected to reach about USD 35.7 billion by 2024, recording a CAGR of 4.3% over the forecast period (2019-2024).
  • The market studied is mainly dependent on the global cosmetic products market, and is subjected to similar dynamics. The increasing demand for cosmetic products in emerging countries and growing consumer awareness are driving the investments of companies that develop innovative packaging solutions. Therefore, a rise in the demand for cosmetic products is expected to boost the demand for packaging.
  • While packaging improves safety, offers convenience, and reduces theft, it is also laced with several disadvantages. Packaging can be bulky, expensive, and environmentally damaging over the course of its life cycle. Further, the rising efforts for user-friendly packaging are leading to an increase in the cost of innovative cosmetic packaging.

    Key Manufacturers Like 

  • RPC Group PLC
  • Amcor Limited
  • Libo Cosmetics Company Ltd
  • HCP Packaging Co. Ltd.
  • AptarGroup Inc.
  • Cosmopak Ltd.
  • Quadpack Industries SA
  • Rieke Packaging Systems Ltd
  • Albea SA
  • DS Smith PLC
  • Gerresheimer AG
  • Raepak Ltd..

    Scope of the Report:

  • The term cosmetic packaging is used for cosmetic containers and secondary packaging of fragrances and cosmetic products. The primary aim of packaging is the protection of the product from all hazards it can be exposed to during transport and handling. The role of packaging for cosmetics is not only the prime role of containing but also of enhancing aesthetics.

    Cosmetic Packaging market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Cosmetic Packaging market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Cosmetic Packaging market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Cosmetic Packaging market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Cosmetic Packaging market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Cosmetic Packaging?
    • Who are Opportunities, Risk and Driving Force of Cosmetic Packaging market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Cosmetic Packaging space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Cosmetic Packaging market opportunities, market risk and market overview of the Market?

    Lastly, the Global Cosmetic Packaging Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Cosmetic Packaging Market Report:

    • To provide a detailed analysis of the market structure along with the Cosmetic Packaging market forecast of various segments and sub-segments of the Cosmetic Packaging market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Cosmetic Packaging market trends that influence the global Cosmetic Packaging market

    Detailed TOC of Cosmetic Packaging Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Consumption of Cosmetic Products
    4.3.2 Increasing Focus on Innovation and Attractive Packaging
    4.4 Market Restraints
    4.4.1 Increase In Focus on Innovative and Attractive Packing
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Material Type
    5.1.1 Plastic
    5.1.2 Glass
    5.1.3 Metal
    5.1.4 Other Material Types
    5.2 By Product Type
    5.2.1 Droppers
    5.2.2 Cap and Closure
    5.2.3 Sticks
    5.2.4 Pumps and Dispensers
    5.2.5 Tube
    5.2.6 Bottles
    5.2.7 Ampoules
    5.2.8 Jars
    5.2.9 Palettes
    5.2.10 Metal Containers
    5.2.11 Folding Cartons and Paperboard (Secondary packaging)
    5.3 By Cosmetic Type
    5.3.1 Hair Care
    5.3.2 Skin Care
    5.3.3 Nail Care
    5.3.4 Color Cosmetics and Makeup
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 RPC Group PLC
    6.1.2 Amcor Limited
    6.1.3 Libo Cosmetics Company Ltd
    6.1.4 HCP Packaging Co. Ltd.
    6.1.5 AptarGroup Inc.
    6.1.6 Cosmopak Ltd.
    6.1.7 Quadpack Industries SA
    6.1.8 Rieke Packaging Systems Ltd
    6.1.9 Albea SA
    6.1.10 DS Smith PLC
    6.1.11 Gerresheimer AG
    6.1.12 Raepak Ltd.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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