Cosmetic packaging market to cross the valuation of US$ 14.2 Bn by 2026; Positive Impact of Internet, e-commerce retailing, and Use of Novel Printing Technologies Propels demand, Opines TMR

ALBANY, N.Y., Aug. 16, 2021 /PRNewswire/ --

Cosmetic Packaging Market: Overview

The popularity of various cosmetic products is increasing among a wide range of population from all across the globe.This scenario is creating prominent salesopportunities for the companies in the global cosmetic industry, thereby propelling the global cosmetic packaging market during the forecast period 2018–2026.

According to the analysts at the Transparency Market Research, the global cosmetic packaging market is expected to cross the valuation of US$ 14.2 Bn by 2026.

Cosmetic Packaging Market: Key Findings

• Surge in Demand for Green Packaging Solutions Drives Market Expansion

With the growing awareness and concerns pertaining to the environment, major population from all across the globe is inclined toward the use of environment-friendly products. Thus, companies engaged in the cosmetic industry are adopting green packaging solutions for their products.On the back of this trend, the players in the cosmetic packaging market are expected to leverage growth opportunities in the upcoming years.

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• Rise in Popularity of Anti-aging Products Boosts Market Sales

With the growing awareness about and attraction toward aesthetics, the popularity of different anti-aging products is increasing at a consistent pace, specifically among female population across the globe. A noteworthy growth in the use of anti-aging products is observed in major parts of the world. This factor is driving the sales of cosmetics, thus offering expansion opportunities to cosmetic packaging market players.

• Industry Leaders Focus on Novel Packaging Printing Technology

Packaging printing is one of the trending technologies fueling the growth of the cosmetic packaging industry. The cosmetic product manufacturers across the globe are inclining toward the use of various advanced printing technologies, including flexography and hot stamp foil printing owing to their ability to provide eye-catching and innovative packaging for their cosmetics. This is creating lucrative avenues for players in the market.

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Cosmetic Packaging Market: Growth Boosters

• Increased penetration of Internet and eCommerce in rural and urban areas globally has resulted in high sales of cosmetics. Thus, the rise in the sales of cosmetic products is likely to drive the demand curve for the players in the cosmetic packaging market. Moreover, the surge in cross-border sales is another factor fueling market growth.
• In recent years, there has been a noteworthy growth in the engagement of millennial population across various social media platforms. This consumer base is inclined toward exploring latest international cosmetic brands.This trend is projected to offer promising growth opportunities in the cosmetic packaging industry.
• Asia Pacific is a dominant region in the cosmetic packaging market. This dominance of the region can be attributed to increased consumption and production of cosmetic packaging, improved spending power of major regional population, and presence of many important market players in the region.

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Cosmetic Packaging Market: Key Players

The report profiles key players operating in the cosmetic packaging industry. These players are mainly focusing on business expansion through the strategy of mergers and acquisitions.

Some of the key players in this industry are:

• RPC Group Plc
• Aptar Group, Inc
• Amcor Limited
• Gerresheimer AG
• Quadpack Industries
• Libo Cosmetics Company, Ltd
• Fusion Packaging
• HCP Packaging
• Swallowfield Plc
• ABC Packaging Ltd
• Essel Propack Ltd
• Saverglass sas
• Quadpack Ltd
• Albea S
• The Packaging Company
• Coverpla S
• Alovey Cosmetic Packaging Co
• Smurfit Kappa Group PLC,
• Rise Cosmetic Packaging Co
• HCT Group

Market Segmentation

Global Cosmetic Packaging Market by Material Type

• Glass
• Paper
• Plastic
• PET
• PP
• PE
• Others
• Metal
• Others (Ceramic…)

Global Cosmetic Packaging Market by Application

• Skin care
• Hair care
• Make Up
• Nail Care

 Global Cosmetic Packaging Market by Container Type

• Jars
• Tubes
• Bottles
• Pumps & Dispensers
• Sachets
• Others

Global Cosmetic Packaging Market by Capacity

• < 50 ml
• 50- 100 ml
• 100 - 150 ml
• 150 - 200 ml
• 200 ml

Global Cosmetic Packaging Market by By Region

• North America
• Latin America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)

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SOURCE Transparency Market Research