Key Players
Some of the key players in the global Global Bulk container packaging market for Cosmetics Industry include Berry Plastics Group, Inc. (the U.S), BWAY Corporation (Georgia), Georgia-Pacific LLC (U.S.), Greif Incorporated (U.S), Mauser Group B.V. (Germany), Menasha Corporation (U.S.), Rehrig Pacific Company (U.S.), Remcon Plastics, Inc. (U.S.), SchoellerAllibert (Netherlands), Westrock Company (U.S.) and others.
The major players in the market have adopted various growth strategies such as mergers & acquisition, expansion, new product development and partnership and collaboration. Amongst these, mergers & acquisitions is the key strategy adopted, extensively by the players to achieve operational efficiencies and increase the number of offerings to the customer. For Instance, in June 2017, Westrock Company (U.S.) acquired five facilities from the U.S. Corrugated Holdings, Inc. in Ohio, Pennsylvania, and Louisiana. This acquisition was made with the objective of expanding the operations, both by volume and in terms of geographical presence.
Bulk container packaging market Segmentation
The global Bulk container packaging market for cosmetics industry has been segmented on the basis of plastics, metal, paper & paperboard, and others. The plastic is expected to account for the largest market share over the forecast period. The growth of plastic can be attributed to various factors such as average gains associated with the material over steel drums in terms of cost, weight and corrosion resistance.
Regional Analysis
The global market is segmented on the basis of geography: Asia Pacific, North America, Europe, and the Middle East & Africa. Asia Pacific is expected to lead the Global Bulk container packaging market for Cosmetics Industry, followed by Europe and North America region.
In Asia Pacific region, factors such as expanding product lines for cosmetic products based on affordability, e-retailing are driving the need for bulk container packaging market for the cosmetics industry. Owing to the increasing disposable income, consumers are expected to increase their spending on premium cosmetics and personal care products. The increase in the number of manufacturing facilities for cosmetics in the region is also driving the growth of the bulk container packaging market for the cosmetics industry.
In Asia Pacific region, China is expected to dominate the growth of the market. China is the world's largest market for beauty products, with the flourishing demand for premium cosmetics. As employees in China are increasingly getting better educated and better paid, there is more expenditure on consumption. They are able to pay attention to health, maintaining personal hygiene and grooming their appearance, thereby driving the need for the bulk container packaging market.