Overview:
Cosmetic packaging is one of the most significant and booming packaging sectors which includes wide variety of packaging and materials all over the world. The market has huge growth potential and along with rising consumer preferences towards different types of cosmetic products, the market is likely to propel at a higher pace over the next few years.
The global cosmetic packaging market is growing at a rapid pace and is anticipated to attain significant growth over the next seven years till 2023. Escalation in the demand for cosmetic packaging due to rising urbanization along with change in lifestyle is anticipated to expand the growth of the market over the forecast period.
At present, Asia Pacific region captured the maximum share in revenue of cosmetic packaging market and is anticipated to dominate over the forecast period. This is generally due to higher concentration of cosmetic packaging producers as well as the buyers related to cosmetic packaging in the region. In Asia Pacific region, China, India, and Japan is anticipated to cater more demand in future due to increasing demand for anti-ageing products coupled with rising e-commerce growth in these countries. North America and Europe captured second and third position in the market.
The global cosmetic packaging market is mainly concentrated in Asia Pacific. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
Global Cosmetic Packaging Market is segmented on the following bases:
Key Players Identified Across the Value Chain in the Cosmetic Packaging Market include but are not limited to:
Amcor Ltd, Cosmopark U.S.A, LIBO Cosmetics Company, Rexam Plc, Worldwide Packaging LLC, Silgan Holding Inc, Albea Group, HCP Packaging Co. Ltd, Crown Holdings, Gerresheimer AG, and others.
This report offers:
