Cosmetic Packaging Market Insights

  March 13, 2020    |      Others    |       591


New York City, NY, 13 March, 2020/ 24 Market Reports: It is estimated for the global cosmetic packaging market to reach USD 60.4 billion by 2025 from that of USD 49.9 billion in 2020, witnessing the growth at a CAGR of 4.07% during the forecast period of 2020 to 2025. The high growth and increase in demand for cosmetic products across the globe are driving the growth of the market. The high demand from cosmetic brands for innovative, attractive & sustainable packaging across the globe is also propelling the growth of the market during the forecast period.

Bottles segment to account for the largest share in the market during the forecast period

Bottles segment, by type, is estimated to be the largest segment in the market during the forecast period. The durability of the bottles is the factor that is driving the growth of the market during the forecast period. Plastic bottles are widely preferred as these are light in weight and are not prone to breakage. The demand for bottles for fragrances and perfumes is rapidly increasing due to the attractive & premium look of the glass bottles.

The paper-based segment to be the fastest-growing segment in the market during the forecast period

During the forecast period, based on material, it is estimated for the paper-based segment to be the fastest-growing segment in the market. Recyclability, sustainability and the use of environmentally friendly materials for the production of packaging products are the factors that are driving the growth of the segment in the market during the forecast period and also the factors make the paper-based segment a widely used material for the packaging of cosmetics.

The skin-care segment to lead the cosmetic packaging market during the forecast period

Based on application, the skin-care segment is projected to lead the cosmetic packaging market during the forecast period. The increasing growth in the demand for personal care & grooming products across the globe is driving the growth of the market. The demand for wellness, grooming and personal care products is witnessing an increase in the recent times with the change in the lifestyle and buying patterns and thus resulting in the growth of the skincare segment in the market during the forecast period.

Asia Pacific region to dominate the global market throughout the forecast period

In the year 2019, the Asia Pacific region led the cosmetic packaging market and the trend is estimated to continue throughout the forecast period. The growing population, urbanization & disposable income of the population are the factors that are driving the growth of the market in the region during the forecast period. Besides, the less stringent regulations related to the usage of raw materials or ingredients for the manufacturing of packaging products coupled with various other factors such as easy availability of cheap labour, which is driving the major players of the market across the globe to this region is driving the growth of the market in the region during the forecast period. The increasing demand for cosmetics in the emerging countries of Asia Pacific region is driving the growth of the market in the region during the forecast period.

The following are the major objectives of the study:

  • To define, describe, and forecast the global cosmetic packaging market on the basis of product, application and region.
  • To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
  • To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
  • To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
  • To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
  • To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the global cosmetic packaging market.

Critical Questions which the report answers:

  • What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
  • What are the key revenue generating pockets for global cosmetic packaging market and their future potential during next decade?
  • How competitive landscape is evolving in global cosmetic packaging market?

Major Industry outlook Of Cosmetic Packaging Market

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report title

Cosmetic Packaging Market Insights 2019, Global and Chinese Analysis and Forecast to 2024