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Demand for Eco-friendly Materials High in Cosmetic Packaging Industry
No of Pages – 29 Publishing Date - December , 2016
Browse detailed TOC , Tables , Figures and Charts in Global Serial Device Server Consumption 2016 Market Research Report at- http :// www . mrrse . com / cosmeticpackaging-market
Market Research Reports Search Engine ( MRRSE ) announces the addition of a new report titled ‘ Cosmetic Packaging Market - Global Industry Analysis , Size , Share , Growth , Trends , and Forecast 2016 - 2024 ’, which analyzes the trends , drivers and restraints , and competitive landscape of the market .
The report is published by Transparency Market Research ( TMR ) and estimates that the Global cosmetic packaging market will grow at a steady CAGR of 4.4 % in the forecast period between 2016 and 2014 . It is also predicted that the market will grow from a value of US $ 23 bn in 2015 to US $ 33 bn by 2024 .
Eco-friendly Materials Preferred for Cosmetic Packaging Solutions
Glass , paper , plastic , wood , and metal are the most commonly used materials for packaging cosmetics . In terms of both volume and value , the plastics segment currently leads the global cosmetic packaging market and is projected to account for a 50.0 % share in the global market throughout the forecast period . However , the numero uno position held by plastics is expected to be threatened due to increased demand for eco-friendly products such as paper , wood , and metals . This is projected to limit the growth of the plastics segment .
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Sample The demand for eco-friendly material is growing due to the implementation of strict environmental laws , rising awareness , and competitive benefits . In the coming years ,