[ad_1]
PRESS RELEASE
Published May 5, 2023
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Cosmetic Packaging Market Size, Share & Trends Analysis Report By Material (Glass, Metal, Rigid Plastic, Paper-Based, Flexible Packaging), Application (Skin Care, Hair Care, Oral Care, Sun Care, Color Cosmetic, Fragrance & Perfume), By Type (Bottles, Tubes, Jars, Containers, Blister, Aerosol Cans, Folding Cartons, Flexible Plastics)- Market Outlook And Industry Analysis 2031″
The global Cosmetic Packaging market is estimated to reach over USD 76.60 billion by 2031, exhibiting a CAGR of 4.69% during the forecast period.
Get Free Sample Copy of Report : https://www.insightaceanalytic.com/request-sample/1739
In recent years, packaging in the cosmetics sector has advanced greatly. Of the other industries, the cosmetics business has the most diversified packaging needs. The materials utilised range from various metals to glass, paper, and plastics, and these materials can be used to create containers in a variety of sizes, shapes, and configurations with or without dispensing systems.
One of the main packaging materials used in the cosmetics sector is plastic, which is used in primary containers, secondary flexible pouches, caps, closures, and the nozzle. One important container in the cosmetics sector is the plastic tube because it can retain liquid-solid and semisolid materials and distribute products in precise amounts. Moreover, it can offer superior contamination prevention when compared to alternative container tubes.
To meet the rising demand for tubes, various providers have developed cutting-edge solutions. With assistance from Topline, Sally Hansen, a significant player in the worldwide cosmetics industry, created a squeezable tube with an applicator tip. An additional Teardrop tube with a drop-by-drop dispensing system for liquid formulations was created by packaging solution manufacturer Albea. A updated tube version of Cosmogen’s Squeeze’N Roll package with an attached massage roller was also available. Moreover, Global Packaging Inc. created a tube with a ratchet on the head of the tube and an identical ratchet on the pump. This tube ensures a perfect leakproof assembly by providing the desired torque while guarding against unintentional opening.
List of Prominent Players in the Cosmetic Packaging Market:
- ABC Packaging Ltd.
- Albea S.A.
- Amcor PLC,
- AptarGroup, Inc
- Berlin Packaging
- Berry Global, Inc.
- Big Sky Packaging
- DS Smith PLC
- Fusion Packaging,
- Gerresheimer AG
- Graham Packaging International,
- HCP Packaging
- Huhtamaki Oyj
- Libo Cosmetics Company, Ltd
- Quadpack Industries
- RPC Group Plc
- Sonoco
- TriMas Corporation,
- Worldwide Packaging LLC
Market Dynamics:
Drivers-
The primary drivers of the market growth rate include factors like expanding disposable incomes, soaring demand from end-use sectors, and rising youth population. The rising customer inclination for high-quality products and changing lifestyles, which will further pave the way for market growth, are likely to restrain market growth for cosmetic packaging over the forecast period. Moreover, factors like rising customer focus on high-quality products, changing lifestyles, and rising demand for reduced container sizes, together with significant investments by packaging producers, are anticipated to temper market expansion overall.
Challenges:
The development of the cosmetic packaging industry is anticipated to be hampered by factors including shortages of essential raw materials. The overall expansion of the market is also anticipated to be hampered by the strict government rules pertaining to the ban on plastic packaging.
Regional Trends:
The North America is anticipated to dominate the market over the forecast period. One of the largest markets for fragrances, personal care goods, and cosmetics is the US. The nation’s cosmetics sector has been dominated by companies like L’Oréal, Unilever, Procter & Gamble Co., and other well-known names. Similar consolidation occurs in the country’s cosmetic packaging industry, where a select group of major players—including Albea SA, AptarGroup Inc., Smurfit Kappa Group PLC, WestRock Co., and Graphic Packaging Holding Co.—dominate the market. The main product categories in the nation include oral cosmetics, skincare, makeup, haircare, perfumes, deodorants, and toiletries. In accordance with the general trend, the US cosmetics sector is seeing an increase in demand for premiumization. That then fuels the demand for premium, inventive packaging.
Curious about this latest version of the report? @ https://www.insightaceanalytic.com/enquiry-before-buying/1739
Recent Developments:
- In March 2022, WWP Beauty, a leading full-service supplier to the global beauty industry, launched a portfolio of innovative and eco-friendly product, packaging, and accessory lines during the MakeUp in Los Angeles expo.
Segmentation of Cosmetic Packaging Market-
By Type-
- Bottles
- Tubes
- Jars
- Containers
- Blister & Strip Packs
- Aerosol Cans
- Folding Cartons
- Flexible Plastics
- Others
By Basis of Material-
- Glass
- Metal
- Paper-Based
- Rigid Plastic
- Flexible Packaging
By Application-
- Skin Care
- Hair Care
- Color Cosmetic
- Sun Care
- Oral Care
- Fragrances & Perfumes
By Region-
North America-
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
For More Customization @ https://www.insightaceanalytic.com/report/cosmetic-packaging-market/1739
About Us:
InsighAce Analytic is a specializing in market research and consulting services that helps in building business strategies. Our mission is to provide high quality insights with using data analytics techniques and visualization tools that drives the disruption and innovation in market research industry. Our expertise is in providing syndicated and custom market intelligence reports with in-depth analysis and key market insights in a timely and cost-effective manner.
Contact Us:
InsightAce Analytic Pvt. Ltd.
Tel.: +1 551 226 6109
Email: [email protected]
Site Visit: https://www.insightaceanalytic.com
Follow Us @ https://www.linkedin.com/company/insightace-analytic-pvt-ltd/
Subscribe Our Exclusive Newsletters @ https://www.linkedin.com/newsletters/latest-market-research-reports-6929319878155739136/
[ad_2]
Source link
