The global Cosmetic Packaging Market was evaluated around USD 23.98 billion in 2016 and is expected to reach approximately USD 36.44 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 4.76% over the forecast period. Cosmetic packaging is the primary and secondary packaging of the cosmetic products. It is among the fastest growing industries and contains an extensive variety of packaging and packaging materials around the world. Cosmetic products are all about good appears and expressions which hold accurate for packaging too. Cosmetic packaging has achieved importance as it is among the factors that influence the buying decision of consumer for the cosmetic product. Besides protecting the product from harm throughout handling or transportation, it also acts as a crucial factor in product marketing. Packaging is of most significance for cosmetic products in order to sustain with varying trends and achieve a competitive advantage above other manufacturers. Cosmetic packaging has become more natural and simple over a period of time. The cosmetic packaging market covers an extensive products range and is a vital marketing strategy tool. Efficient packaging bestows immensely to a company’s profits margins and improves the brand image of the product. It is a rising industry with several stakeholders involving cosmetic and cosmetic packaging manufacturers, raw material suppliers etc.
On the basis of container type used for the packaging of the cosmetics, the global cosmetic packaging market is segmented into Tubes, Bottles, Caps & closures, Pen types, Sticks, Jars & containers, Pumps & dispensers and Others. Commonly, plastic is most preferred the material utilized for packaging of cosmetic materials. Product characteristics, Material compatibility, and trends in consumer preferences along with others act as an important factor in deciding the packaging type. Other materials utilized for cosmetic packaging are; Paper, Plastic, Metal, Glass, and Others.
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Application Outlook and Trend Analysis
According to application type, the global market is split into nail care, hair care, makeup and skin care. Cosmetic packaging involves packaging of a variety of products including facial cleansers, shampoos, lotions, moisturizers, hairsprays, conditioners, perfumes, shaving foams, lipsticks, deodorants, skin care and makeup products. The major driving factor for the global market remains the augmented awareness amongst customers concerning their looks. Asia Pacific regional market is anticipated to demonstrate the fastest growth on account of elevated demand of skin whitening cosmetic products. Additionally, the growing purchase power of customers in developing regions like Latin America, the Middle East, Asia Pacific, and especially in countries such as Japan, India, and China are expected to be crucial to the global cosmetic packaging industry in the approaching years owing to the growing awareness in these nations regarding the easy availability and of effectiveness pollution protection and anti-aging products. Therefore, the growing geriatric population in these developing economies is vital for the global cosmetic packaging market growth.
Some of the key questions answered by the report are:
- What was the market size in 2012 and forecast from 2013 to 2022?
- What will be the industry market growth from 2013 to 2022?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Browse full research report with TOC on “Cosmetic Packaging Market by Product, Deployment mode and End User – Global Industry Analysis and Forecast to 2022” at: https://www.crystalmarketresearch.com/report/cosmetic-packaging-market