Cosmetic Packaging Market Overview, Industry Top Manufactures, Market Size, Industry Growth Analysis & Forecast: 2024

(The Express Wire via Comtex)

Global Cosmetic Packaging Industry research report studies latest Cosmetic Packaging aspects market size, share, trends, industry summary and Cosmetic Packaging growth during the forecast period (2019-2024). The study report comprehensively determines several aspects which are very significant while observing global market on a minute level which contains analysis over arise of Cosmetic Packaging industry along with year-on-year manufacturing advancement, business environment and evolution rate over the years.

Cosmetic Packaging Market “research report highlights existing dynamics and growths during the forecast period 2019-2024. The report incorporates detailed analysis of the market development drivers as well as the preventing factors in the Cosmetic Packaging market. The scope of the report covers an extensive estimation pertaining to the winning essentials and participant schemes through a presentation of the segmentation of market in the report.

Following Companies Are Covered by Cosmetic Packaging Market

  • RPC Group PLC
  • Amcor Limited
  • Libo Cosmetics Company Ltd
  • HCP Packaging Co. Ltd.
  • AptarGroup Inc.
  • Cosmopak Ltd.
  • Quadpack Industries SA
  • Rieke Packaging Systems Ltd
  • Albea SA
  • DS Smith PLC
  • Gerresheimer AG
  • Raepak Ltd.

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Market Overview:

  • The global cosmetic packaging market was valued at USD 27.87 billion in 2018 and is expected to reach about USD 35.7 billion by 2024, recording a CAGR of 4.3% over the forecast period (2019-2024).
  • The market studied is mainly dependent on the global cosmetic products market, and is subjected to similar dynamics. The increasing demand for cosmetic products in emerging countries and growing consumer awareness are driving the investments of companies that develop innovative packaging solutions. Therefore, a rise in the demand for cosmetic products is expected to boost the demand for packaging.
  • While packaging improves safety, offers convenience, and reduces theft, it is also laced with several disadvantages. Packaging can be bulky, expensive, and environmentally damaging over the course of its life cycle. Further, the rising efforts for user-friendly packaging are leading to an increase in the cost of innovative cosmetic packaging.

Scope of the Report:

  • The term cosmetic packaging is used for cosmetic containers and secondary packaging of fragrances and cosmetic products. The primary aim of packaging is the protection of the product from all hazards it can be exposed to during transport and handling. The role of packaging for cosmetics is not only the prime role of containing but also of enhancing aesthetics.

Why there is Need of Cosmetic Packaging Market Research?

  • To determine trades anticipation, consumption trend, and need of market.
  • To keep up competitiveness over applicants performing in the Cosmetic Packaging market.
  • To get detailed knowledge of the market which helps in terms of decision- making.
  • To advance insight into industrial, social, methodological, and legal aspects of the market.
  • To perceive the detailed market size derived by analyzing upward and downward moment of Cosmetic Packaging market trends.
  • To get knowledge of worldwide marketplaces and their leveling trading environments, effectiveness, and inclinations.

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Key Market Trends:

Caps and Closures to Account for Significant Share In The Market

Cosmetic manufacturers are providing enhanced value and experience to reach out to more customers by using caps and closures as a customizable extension of a package design identity.
While they both preserve product integrity and facilitate a product’s use by consumers, packaging solution providers are pairing these caps with ergonomic designs to add to their current functions. Thus, the pairing of applicators and cosmetics' closures has also been witnessed amongst manufacturers.
This development in the market has redefined time-to-market while simplifying projects and shortening lead time, which, in turn, makes the products and packages ready-to-go.
There is a growing attraction for click and close caps to provide the audial assurance and satisfactory closure of the product. Thus, the market is witnessing a growing attraction for magnets in the closures, particularly in luxury skincare packaging.

North America Has A Significant Share In Market

Increasing adoption of advanced technologies for cosmetic packaging and growing trends of skincare products are some of the significant factors driving market growth. Skincare products seem to be the biggest focus for consumers and retailers alike.
The Korean Beauty product trend continues to influence the regional market, especially the Canadian market, as hydration products aimed at creating a dewy, luminous skin look continue to experience high popularity.
The region also has many prominent vendors of cosmetic packaging, who are focusing on expanding. Instead of launching their own new brands, acquisitions, local and global, have become part of their growth strategies.
Many regional packaging vendors are also investing in RandD to innovate new technologies, oriented toward cosmetic products.

Reasons to Purchase this Report

  • How the developing pattern towards maintainability goes about as a driver to the worldwide Cosmetic Packaging market situation?
  • Analyzing different points of view of the market with the assistance of Porter's five powers investigation
  • Which solutions and end-user vertical is predictable to overlook the Cosmetic Packaging market?
  • Which regions are relied upon to observe the fastest development during the prediction period?
  • Identify the most recent advancements, market shares and strategies utilized by the significant market players.

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Detailed TOC of Cosmetic Packaging Market Report 2019-2024:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Consumption of Cosmetic Products
4.3.2 Increasing Focus on Innovation and Attractive Packaging
4.4 Market Restraints
4.4.1 Increase In Focus on Innovative and Attractive Packing
4.5 Value Chain Analysis
4.6 Industry Attractiveness Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Material Type
5.1.1 Plastic
5.1.2 Glass
5.1.3 Metal
5.1.4 Other Material Types
5.2 By Product Type
5.2.1 Droppers
5.2.2 Cap and Closure
5.2.3 Sticks
5.2.4 Pumps and Dispensers
5.2.5 Tube
5.2.6 Bottles
5.2.7 Ampoules
5.2.8 Jars
5.2.9 Palettes
5.2.10 Metal Containers
5.2.11 Folding Cartons and Paperboard (Secondary packaging)
5.3 By Cosmetic Type
5.3.1 Hair Care
5.3.2 Skin Care
5.3.3 Nail Care
5.3.4 Color Cosmetics and Makeup
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 RPC Group PLC
6.1.2 Amcor Limited
6.1.3 Libo Cosmetics Company Ltd
6.1.4 HCP Packaging Co. Ltd.
6.1.5 AptarGroup Inc.
6.1.6 Cosmopak Ltd.
6.1.7 Quadpack Industries SA
6.1.8 Rieke Packaging Systems Ltd
6.1.9 Albea SA
6.1.10 DS Smith PLC
6.1.11 Gerresheimer AG
6.1.12 Raepak Ltd.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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