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 Cosmetic Packaging market research, which MMR Maximise Market Research has released, presents in-depth analysis of the Cosmetic Packaging market and predicts profitable growth for the market's providers by 2029. Since 2017, MMR has provided services to about 600 clients worldwide. Following the analysis of the Covid lockout in the research, the market's influence is expected, and despite the current state of the economy's recession, the market is displaying an increasing trend.
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Market Scope
The Cosmetic Packaging market research includes important information that shows the lucrative industry expansion. The market is anticipated to increase by 2029 as a result of the industry participants' major efforts. The cost structures and development ambitions and objectives of the major companies are provided in the report. The reports include information on market size, present and expected trends, market share, opportunities, threats, and risks, as well as information on new market entrants. The MMR research on the Cosmetic Packaging market can assist new entrants in understanding the latest trends, opportunities, and difficulties facing the sector. The research analysts and industry professionals used a variety of approaches to study the Cosmetic Packaging market in order to identify its advantages, disadvantages, opportunities, and threats.
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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.
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 study thoroughly examines the Cosmetic Packaging market and divides it into geographic segments. This clear identification of market trends, constraints, and fresh development opportunities results from the report's evaluation of the market in various regions on a local as well as a country-by-country basis. The new entrants can target the actual Cosmetic Packaging market audience by having a thorough understanding of local and regional customer behaviour.
Key Questions answered in the Cosmetic Packaging Market Report are:
Key offerings:
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Mar 11, 2023