Transparency
Market Research Reports incorporated a definite business overview and
investigation inclines on “Cosmetic
Packaging Market”.
This report likewise incorporates more illumination about fundamental
review of the business including definitions, requisitions and
worldwide business sector industry structure. Packaging is one of the
main selling factors of cosmetics, and companies look to innovate and
improvise their packaging in order to improve aesthetics of the
product to boost sales. Cosmetics market has traditionally been
driven by fashion trends and market innovations rendering it
susceptible to the rapid rate of change in customer preferences. This
poses a challenge for the cosmetics packaging companies as the demand
for new product is high, while resources remain constant. Plastic is
the most used packaging material for cosmetics, accounting for more
than 50% of the total demand for cosmetic packaging. Glass, metal,
and paper are the other packaging materials that are used in the
application.
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Cosmetic
packaging market can be segmented into bottles, jars, tubes, pumps
and dispensers, pen types, sticks, roller balls, caps and closures,
pallets, and droppers among others by types of cosmetic packaging.
The market can also be classified into hair care, skin care, make-up,
and nail care among others by applications. The cosmetic packaging
industry is extremely versatile, as a range of materials and
packaging techniques are employed for different applications across
the world.
The
cosmetic industry has witnessed high demand growth from the BRIC
countries, as improving economic condition and generous cosmetics
promotions, have driven the consumers towards a higher per capita
cosmetic consumption. The cosmetics industry also benefitted
immensely from the advent of e-commerce platform, which has
registered high growth in sales in the recent years. The growing
beauty conscious population coupled with the innovation by the
cosmetic manufacturing companies has resulted in growth for the
cosmetic packaging companies. Women over the age of 30 and skin
whitening products are expected to drive the growth in this market.
Owing to the increased awareness of the and Organic cosmetics brands
have registered high growth in Europe, and North America and are
expected to be the fastest growing sector in the region. The demand
for organic cosmetics is certainly going to affect the demand for
cosmetic packaging in these regions. Several organic and natural
cosmetic brands have spread their footprint in Asia Pacific, and the
market in this region is expected to follow suit. Moreover male
grooming products and cosmetics have witnessed steep growth in the
past few years, and are expected to drive the cosmetics packaging
market in the foreseeable future.
The
primary restraint in the cosmetic packaging market is the lack of
sales of cosmetics during economic downturn in economies. Hair care
and skin care products perform well even in bad economic conditions;
however premium products and less essential products lose market
attractiveness. Volatile raw material prices and increasing energy
cost are also some of the concerns of cosmetics packaging companies.
North
America and Europe market account for the majority of the global
cosmetics packaging market. The highest growing regions in these
regions are the U.S and the U.K. However Asia Pacific region along
with Russia and Brazil are expected to grow at the swiftest pace over
the next few years. Asia Pacific market is estimated to overtake the
market leader position from North America very soon.
Some
of the major companies participating in the cosmetics packaging
market include Amcor Ltd. (Australia), Albea (France), HCP Packaging
(China), Brimar Packaging Inc,(US), The Packaging Company (US),
Collcap Packaging (UK) and Libo Cosmetics (Taiwan) among many others.
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More Reports on Consumer Goods Markets:
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This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
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Transparency
Market Research is a market intelligence company providing global
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quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers.
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