Cosmetic Packaging Market 2023 Boost Demulsifier Demand Led by Rising Industrialization

0
33

 

 

Need for Localized Products to Drive Global Cosmetic Packaging Market

Huge Demand for Personal Care Products to Pave the Way for Global Cosmetic Packaging Market Expansion

The growth of the cosmetics industry and the need to appeal to customers through their packaging is likely to culminate in thoughtful designs by product manufacturers. The functional features and benefits of packaging while providing ample protection to the product is likely to be an integral step before marketing to consumers. The cosmetic packaging market report by Market Research Future (MRFR) considers the various dynamics of drivers and challenges to provide estimations for the growth and revenue of the industry for the period of 2022 to 2030 (forecast period). The COVID-19 pandemic and its impact on the industry are included in the report with counteractive measures to weather its effects.

Competitive Outlook

Albea Group, Quadpack Group, Silgan Holding Inc., World Wide Packaging Llc, Amcor Ltd, LIBO Cosmetics Company Ltd., Rexam Plc., HCP Packaging, Bemis Company, Inc., ABC Packaging, Aptargroup Inc., Gerresheimer, and Cosmopak U.S.A. Llc are key players of the global cosmetic packaging market. Innovation in product containers and packaging materials are of prime concern to players and play an instrumental part in their strategies.

Market Scope

The global cosmetic packaging market size is projected to attain a share of more than USD 35.6 billion by 2023, as per the analysis of MRFR. It is expected to expand at a CAGR of 5.2% over the forecast period.

The rise in expendable income levels of customers and access to online shopping sites are expected to spur demand in cosmetic packaging. Rise in consumer confidence indices and the need for domestic solutions are factors favoring the market. Investments in right decoration and tubing technology that adhere to environmental laws can spur market growth. The availability of various tube formats and packaging designs will entice customers and drive consumer spending.

The COVID-19 pandemic has brought the production of cosmetics to a standstill. The proliferation of the virus has led to concerns of products and brought to the forefront of the safety of cosmetics and their packaging. Investments in packaging techniques that adhere to social distancing norms and lower risks of contamination are in high demand in the market. Agreements with regional suppliers and e-commerce players to ensure no disruptions in the supply chain are likely to sustain demand in the global cosmetic packaging market.

Get a Free Sample PDF Brochure —  https://www.marketresearchfuture.com/sample_request/1778

Segmentation

The global cosmetic packaging market is segmented on the basis of material (plastics, metal, paper, glass, and others), product (pouches, sticks, bottles & jars, tubes, containers, rollerballs, dispensers, and others), applications (skincare, hair care, and others).

The different cosmetic packaging materials available in the market are plastic, glass, metal, and paper. The plastic segment is expected to gain a major market share due to its convenient and hygienic qualities. Plastic is mainly popular due to its low cost, lightweight, cost-effective nature, and versatility. However, fluctuating raw material prices can hinder its growth in the market. Nowadays, brand owners are looking to reduce and replace plastic with biopolymers to reduce their carbon footprint. Paper and wood material segments might gain momentum due to the increasing focus on environmental issues.

Regional Analysis

Geographically, the regions analyzed in the global cosmetic packaging market include North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

North America is expected to capture a large market share owing to the large number of consumers in the U.S. and the huge disposable income levels. The local demand and export of various cosmetics can drive the regional market demand. The evolution of cosmetic product packages and formulas can favor the market exponentially.

The APAC cosmetic packaging Industry Applications is expected to grow at a high pace during the forecast period. Demand from India, China, and Indonesia leads the cosmetic packaging market, owing to factors such as rising consumer preference for eco-friendly products and increasing demand for small packaging sizes. Moreover, rising consciousness about anti-aging products, the e-commerce sector, emphasis on skin care by both genders, and demand for high-end luxury products in these regions are further pushing the market growth.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

 

 

Pesquisar
Categorias
Leia mais
Outro
is trade360 legit
Trade-360 is an online trading platform that offers a range of financial services to investors...
Por Office Webmaster315 2023-08-05 04:13:49 0 535
Theater
Silicon Nitride Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2028
Reports and Data estimates the global Silicon Nitride competitive landscape is highly fragmented...
Por Tom Hardy 2022-11-11 12:39:03 0 32
Outro
Refractories Market, Analysis Size, Revenue Analysis, Industry Outlook, Forecast, 2020-2030
The latest report by Market Research Future (MRFR) states that the global Refractories...
Por Ganesh Mhetre 2023-04-26 09:12:11 0 37
Outro
Qubika, Founding Partner Conrado Viña - AITech Interview
Kindly brief us about yourself and your professional journey as the Founding Partner at Qubika....
Por John Martech 2023-08-24 05:22:11 0 266
Outro
specialty silica Market Research | Growth Overview and Trends Analysis with Forecast 2032
The global specialty silica market size was USD 6.62 billion in 2022 and is expected to reach USD...
Por Shaw Melody 2023-06-05 06:58:47 0 23