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the global demand for silicone, paper, melamine, and bamboo is also expected to get a boost from the cosmetic packaging market.
Luxury goods are expected to push the demand for glass-based cosmetic packaging, powered by developed economies such as the U. S., the U. K., and Germany. In comparison with other materials, the adoption of metals is still low and will continue to remain so due to its higher cost.
High Demand for Cosmetics to Fuel Market Growth
The global market of cosmetic packaging is segmented on the basis of geography into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is known to lead the market in terms of total demand and held a share of about 32.5 % in 2016. High concentration of manufacturers as well as buyers of cosmetics and cosmetic packaging solutions in the region is the key factor driving the market. Due to the adoption of the China Plus One policy, numerous manufacturers of cosmetic products and cosmetic packaging products in China are able to set up production facilities in ASEAN countries such as Indonesia and Malaysia, thereby fuelling the demand for various packaging solutions. Growing consciousness for anti-aging products and a prosperous e-commerce sector in the region are also expected to fuel the demand for cosmetic packaging over the forecast period. On the other hand, the Latin America and the Middle East & Africa markets are projected to witness comparatively slower growth over the forecast period.
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The leading players in the global cosmetic packaging market include Albea S. A., Fusion Packaging, Quadpack Industries, RPC Group Plc, Aptar Group Inc., Gerresheimer AG, Libo Cosmetics Company, Ltd., Amcor Limited, HCP Packaging, and ABC Packaging Ltd.
Table of Contents:
1. Global Cosmetic Packaging Market- Executive Summary 2. Research Methodology 3. Assumptions and Acronyms Used