Inside the Global Cosmetic packaging trends 2017-2023; MRFR Reveals Insights for COVID 19 Impacts
The global cosmetic
packaging trends is growing continually. The market growth attributes to the
increasing focus on high-quality cosmetic products and the changing lifestyle
of consumers. A packaging solution plays an important role in product profiling
and increases demand, making it attractive and positively impacting market
value. Besides, the increased focus of body care brands on offering innovative
beauty and personal care products creates substantial demand for effective
cosmetic packaging solutions.
They focus
on lucrative locations for production and short-distance supply to reduce
costs. Moreover, increasing consumer preference for high-quality cosmetics and
personal care products escalates the market demand. According to Market
Research Future (MRFR), the global cosmetic packaging trends is estimated to create a valuation of USD 35.6 BN by 2023, registering a
5.2% CAGR during the anticipated period (2017 – 2023). Recent trends show that
Consumers mostly prefer lightweight yet durable and easy to carry packaging
solutions.
Also, there
have been rapid investments over the past few years in cosmetics and personal
care products, which increase the market size. Additionally, increasing
research and development activities is the latest trend that packaging
manufacturers are investing in hugely, which, in turn, fosters market
growth. Advancements in packaging
technologies and the rising demand for personal care products with innovative
packaging designs boost the growth market.
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Cosmetic
packaging trends– Segmentations
The report is segmented into four dynamics;
By Materials: Plastic, Paper, Glass, Metal, and others.
By Product : Bottles &
Jars, Tubes, Containers, Pouches, Sticks, Roller Balls, Dispensers, and others.
By Application: Hair Care, Skin Care, Nail Care, and others.
By Regions : Americas, Europe, Asia Pacific, and the
Rest-of-the-World.
Cosmetic
packaging trends– Regional Analysis
The Asia Pacific region dominates the global cosmetic
packaging trends. The largest market share attributes to the rising demand from
the burgeoning cosmetic industries across the region. Besides, rising consumer
preference for eco-friendly products and increasing demand for small packaging
sizes are the key factors driving the regional market growth. Moreover, rising
consciousness about anti-aging products, the e-commerce sector, and the demand
for high-end luxury products boost the regional market's growth.
Increase in disposable income led by the rapid
economic growth in the region has led to changing consumer lifestyles in
emerging countries, such as China and India. Cosmetic packaging trends is in
India, China, and Indonesia witness a vast demand. Especially, India and China are projected to
witness various growth opportunities during the years to come. The APAC cosmetic
packaging trends is projected to continue its dominance throughout the forecast
period.
Developed economies in North America and Europe are
too expected to demonstrate significant cosmetic packaging trends growth. Especially,
North America is projected to show rapid growth in the personal care industry
due to the vast consumer base of beauty care products. Additionally, the
pharmaceutical industry contributes to the cosmetic packaging trends growth,
pursuing the high demand for medicated personal care products. The North
American cosmetic packaging trends is estimated to expand at a substantial CAGR
throughout the review period.
In Europe, high living standards due to the high
disposable income of consumers drive the growth of the cosmetic packaging
trends. Furthermore, stringent government regulations for the packaging of
sensitive medicated personal care products influence the region's market
growth. Also, the growing demand for quality cosmetics packaging fosters the growth
of the market in the region. The European cosmetic packaging trends is expected
to grow at a high pace during the forecast period.
Global Cosmetic packaging trends– Competitive Analysis
Highly competitive, the cosmetic packaging trends appears
to be fragmented, characterized by the presence of several large and small
players. To maintain their positions in the market, players adopt strategies
such as acquisition, collaboration, expansion, and product/technology launch.
Industry players try to expand existing production capacities in response to
the increased demand for innovative and sustainable packaging solutions by
brands and consumers.
Major Players:
Players leading the global cosmetic packaging
trends include Rexam Plc. (U.K), Amcor Ltd (Australia), Silgan Holding Inc.
(U.S.), Quadpack Group (Spain), World Wide Packaging Llc (U.S.), Albea Group
(FranceCosmopak U.S.A. Llc. (U.S.), Aptargroup Inc. (U.S.), HCP Packaging.
(U.S.), Gerresheimer (Germany), LIBO Cosmetics Company Ltd. (Taiwan), Bemis Company,
Inc. (U.S.), and ABC Packaging (India), among others.
Industry/ Innovation/ Related News:
November 11, 2020 ----- An American commodity chemical company Dow Inc.
announced winners of the 2020 Packaging Innovation Awards recognized for
breakthrough packaging achievements in design, technology, and sustainability
& user experience. The highest honor is the Diamond Award, which went to
Henkel AG & Co KGaA's Social Plastic Ecosystem in collaboration with
Plastic Bank.
Henkel conducted a pilot program to create a new
line of sustainable cosmetic packaging, utilizing recycled materials from
Plastic Bank, a social enterprise that aims to stop plastic waste from entering
the ocean and provide economic opportunities for people in extreme poverty.
Since its launch in 2018, Henkel has produced 25,000 bottles made from recycled
plastic across Western Europe.
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Great and Informative article to share. Best Luck for the upcoming update Sir. Thank You Makeupkit
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