Cosmetic Packaging Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of Cosmetic Packaging Market by material (glass, paper, plastic), by application (skin care, hair care, make up, nail care), by container (skin care, hair care, make up and nail care) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the Cosmetic Packaging Market it includes the five years Industry analysis and the 6 years annual forecast from 2017 to 2023. Some of the prominent participants in the Global Cosmetic Packaging Market are The Packaging Company, Libo, Cosmetics Company, Ltd., Collcap Packaging, Ltd., HCT Packaging, Crown holding, Inc., Gerresheimer AG.. According to the report the global cosmetic packaging market is projected to reach USD 32.7 billion by 2023, growing with a CAGR between 4.2% to 4.9% from 2017 to 2023. The global cosmetic packaging market was worth USD 22.5 billion in 2015.
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Rising Demand for Creative and Innovative Cosmetic Packaging Provide Opportunity for Major Players in the Emerging and Developing Economies
The report identified that the global cosmetic packaging market is driven by factors such as, role of cosmetics packaging in marketing, compatible packaging materials and convenience, simplicity & practicality. On the other hand, the restraining factors identified in the study include fluctuating raw material prices, uncertainty in cosmetic packaging industry. Creating awareness among women and reduction in usage of plastic for packaging, recession in the market are some of the challenges for the major players to expand further during the forecast period.
North America is the Key Consumer of Cosmetic Packaging in the Global Market
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023. As of 2015, this region accounted for about 30% share in the global market. The cosmetic industry is highly consumer-centric, in terms of perceived value and aesthetic appeal and thus packaging of these products impact the market sales. The rising demand for Affordable cosmetic products and e-retailing is boosting opportunities for Cosmetic Packaging market. Emerging economies across APAC region expected to be a factor for growth during forecast period.
Segments Covered in this Premium Report
The report segments the global cosmetic packaging market on the basis of material, application, container and region. The market size of each segments has been provided in terms of value (USD) and volume (tons). The segmentation on the basis of material covers glass, paper and plastic. On the basis of application the market is segmented as skin care, hair care, make up and nail care. Furthermore, on the basis of container the cosmetic packaging market is segmented as skin care, hair care, make up and nail care, and other.
Major Key Players Mentioned in this Premium Report
The companies covered in the report include Amcor Ltd., HCP, Inc., Brimar packaging, Inc., The Packaging Company, Libo, Cosmetics Company, Ltd., Collcap Packaging, Ltd., HCT Packaging, Crown holding, Inc., Gerresheimer AG.