Cosmetic Packaging Market worth $ 60.9 billion by 2025

(IT-NEWSWIRE.COM, September 17, 2020 ) The report "Cosmetic Packaging Market by Type, Material (Glass, Metal, Rigid plastic, Paper-based, Flexible packaging), Application (Skin care, Hair care, Oral care, Sun care, Color cosmetic, Fragrance & perfume), and Region - Global Forecast to 2025" The global cosmetic packaging market size is projected to grow from USD 49.4 billion in 2020 to USD 60.9 billion by 2025, at a CAGR of 4.03% from 2020 to 2025. The market is projected to grow in accordance with the growth of the cosmetic industry across the globe. Factors such as an increase in the innovations in packaging, and a boost in the demand for cosmetics from the youth population is expected to drive the market for cosmetic packaging.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1307

In terms of value and volume, bottles are estimated to lead the cosmetic packaging market in 2019.

Bottles, by type, accounted for the largest market share among all the types of cosmetic packaging because of the increase in demand for bottles from the personal care and hair care manufacturers. Bottles can be customized according to the requirements of the customers and maybe printed with unique ideas & patterns. The bottles are an ideal choice for most of the cosmetic products such as lotions, body wash, shampoos, conditioners, and many more.

In terms of value and volume, rigid plastic is estimated to lead the cosmetic packaging market in 2019.

The rigid plastic, by material, led the cosmetic packaging market in 2019, in terms of value and volume. Rigid plastic packaging involves the use of plastic materials; this form of packaging has an inflexible shape or form. Factors such as being lightweight and a cost-effective packaging solution for cosmetic products will boost the demand of rigid plastic bottles, jars, and containers for the cosmetic packaging industry (specifically for the color cosmetics, skin care and hair care application).

Skin care is estimated to be the largest segment in the cosmetic packaging market in 2019.

Skin care, by application, accounted for the largest demand for cosmetic packaging in 2019, in terms of value and volume. This dominant market position is attributed to the boost in the demand for new and innovative skin care ranges such as face creams, anti-aging creams, sunscreens, and others. With the boost in the demand for personal grooming products, the demand for its packaging product has also gone up, which has created an opportunity for the growth of the skin care segment in the cosmetic packaging market.

Don't miss out on business opportunities in Cosmetic Packaging Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1307

Browse in-depth TOC on "Cosmetic Packaging Market”
144 - Market Data Tables
43 - Figures
180 - Pages

The Asia Pacific region is projected to account for the largest share in the cosmetic packaging market during the forecast period.

The Asia Pacific region is projected to lead the cosmetic packaging market, in terms of both value and volume from 2020 to 2025. An Increase in demand for cosmetic products in emerging economies, as well as a boost in consumer awareness drives the investments of manufacturers to develop unique & innovative packaging solutions. This, in turn, increases the demand for cosmetic products, and is further expected to boost the demand for packaging in the Asia Pacific region.

Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Huhtamaki Oyj (Finland), Albea SA (France), and DS Smith PLC (UK) are the key players operating in the cosmetic packaging market. Expansions, acquisitions, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the cosmetic packaging market.

Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=1307

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Technology News & Search Engine

Cosmetic Packaging Market worth $ 60.9 billion by 2025