The cosmetic packaging market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020. As the business impact of COVID-19 spreads, the market is expected to have positive & superior growth.
Companies across the globe are focusing on creating a Resilient Business Model in the Face of COVID-19. Vendors are continuing their ongoing operations while building resilient business models as the path to recovery from the pandemic is being carved out.
The recovery process involves various phases including:-
- Recognizing the existing business model
- Focusing on agile execution of proposed and approved changes.
- Assessing Impact on Critical IT infrastructure and Software System
Retrieve Actionable Data Points to Make Critical Business Decisions
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Emerging Opportunities with Key players
AG Poly Packs Pvt. Ltd.
The company offers packaging such as cream jars, HDPE shampoo bottles, roll-on bottles, and more.
Albéa Services SAS
The company offers a wide range of packaging solutions for the personal care industry under several product categories such as Tubes, Brows & Nails, Lipsticks & Sticks, Compacts & Palettes, Lotion Pumps, and Foam Pumps. The company offers cosmetic packaging such as tubes, lipsticks, mascaras, and more.
Amcor Plc
The company offers packaging solutions such as HDPE cylinder bottles, PET bullet bottles, PET round bottles, and more. They offer key business segments including Flexibles and Rigid Packaging.
Get a report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown:
https://www.technavio.com/report/cosmetic-packaging-market-industry-analysis
Cosmetic Packaging Market 2021-2025: Segmentation
Cosmetic packaging market is segmented as below:
- Material
- Plastic
- Glass
- Metal
- Others
- Geography
- APAC
- North America
- Europe
- South America
- MEA
The cosmetic packaging market is driven by growing e-commerce and social media marketing, innovative packaging designs, and rising cosmetic and personal care spending. The plastic segment was the largest revenue-generating material segment during 2020 and the segment is likely to dominate the market during the forecast period. In terms of geography, 49% of the market's growth will originate from APAC due to innovative packaging designs.
Get Actionable Insights on each Contributing Segments. Download Free Sample Report: https://www.technavio.com/talk-to-us?report=IRTNTR70779
Corresponding Reports:
Packaging Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025
Rigid Plastic Packaging Market by Component and Geography - Forecast and Analysis 2021-2025
Flexible Plastic Packaging Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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