Cosmetic Packaging Market size was valued at US$ 30.21 Bn in 2021 and the total revenue is expected to grow at 4.15% through 2022 to 2029, reaching nearly US$ 41.82 Bn.
Market Overview
The globally recognised market intelligence and business consulting firm has published a report on the Cosmetic Packaging market. The report consists of the description of key players and the most successful marketing tactics and strategies used by them and the analysis of the key drivers of the Cosmetic Packaging market. A high end analysis of the important market sectors and opportunities in the market is included in the report.
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Market Scope
The research looks at the forecasted data, revenues generated and the major events in the Cosmetic Packaging market. Leading analysts and industry specialists have scrutinised the data and the results. It also focuses on the key methods used by the well-known Cosmetic Packaging sector firms. The report identifies the future key trends that would influence the demand throughout the projected period. The research includes the micro and macro variables of the market and gives the factors that are propelling the Cosmetic Packaging market growth and impeding the Cosmetic Packaging market growth. Using analogical methodologies gives a good perspectives and deep insights of the market.
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Segmentation:
Based on Material Type, plastic is a popular material in the market, in 2021. Because of its low cost, lightweight, flexibility, durability, and other characteristics, plastic is a preferred choice for cosmetic packaging. Plastics are commonly used in the production of shatterproof and "no-spill" bottles, jars, tubes, lids, and closures for personal care items.
Plastic packaging, such as bottles, jars, compacts, and tubes, have a 61% market share in cosmetics and other personal care items, according to the Packaging Machinery Manufacturers Institute (PMMI), with bottles accounting for 30% of the market. HDPE cosmetic bottles are the most common and least priced, and they are cost-effective, impact-resistant, and have an excellent moisture barrier. Some lotions are maintained in sealed tubes, while some lotion bottles come in a variety of sizes and shapes.
Furthermore, PP plastics are the most popular form of plastic used for cosmetic packaging. These can, however, be made of less expensive PET plastic or more expensive acrylic plastic. Acrylic plastic is normally transparent and has a glass-like appearance. This material has an advantage over glass in that it is less likely to break.
Key Players:
• Albea S.A.
• Amcor PLC
• DS Smith PLC
• RPC Group Plc (Berry Global Group)
• HCP Packaging
• Silgan Holdings, Inc.
• Graham Packaging
• Libo Cosmetics Company
• AptarGroup, Inc.
• Cosmopak Ltd.
• Quadpack Industries SA
• Rieke Corporation
• Gerresheimer AG
• Raepak Ltd
• Ball Corporation
• Verescence France
• SKS Bottles & Packaging, Inc.
• Altium Packaging (Loews Corporation)
• Other Key Players
Regional Analysis
The regional analysis is provided in the MMR’s Cosmetic Packaging market report which gives the in depth analysis of the Cosmetic Packaging market specific region wise. Every region has different factors like political, geographic and economic, etc. which affects the market. Government’s local and regional developments plans also have diverse effects on the performance of the market. Each regions market is researched in depth for discovering the Cosmetic Packaging market trends constraints and growth potential.
Key Questions answered in the Cosmetic Packaging Market Report are:
Key offerings:
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Cosmetic Packaging Market size , Cosmetic Packaging Market share , Cosmetic Packaging Market growth , Cosmetic Packaging Market forecast , Cosmetic Packaging Market analysis
Mar 09, 2023