Packaging has also become important due to the increased safety regulation; it contains information about content, ingredient, expiry, etc. Cosmetic brands are focus on making their product packaging more attractive in order to develop a brand value. This driving innovation in packaging design and quality.
The global Cosmetic Packaging Market Trends is likely to benefit from the increased demand for beauty products, expansion of the cosmetics and toiletries industry in emerging countries and rapidly growing consumer base.
Segmental Analysis
MRFR’s report includes a detailed segmental analysis of the market based on applications, product and material. COVID-19 Impact
On the basis of application, the market has been segmented into shin care, hair care and other. On the basis of product, the market has been segmented into tubes, pouches, rollerballs, bottles & jars, dispensers, containers, sticks and others. On the basis of material, the market has been segmented into paper, metal, plastics, glass and others. In terms of value, the plastic segment holds a significant share of the market. This is mainly owing to the high preference for plastic packaging. It is convenient, reliable, cost-effective, light weight, versatile and present in abundance. Despite the growing level of awareness about environmental implications of plastic, the product remains extremely popular in the packaging industry.
Regional Analysis
The regions covered in the report include Asia Pacific (APAC), Europe, North America, South America and the Middle East & Africa (MEA). Of these, Asia Pacific (APAC) represents a standout share of the global Cosmetic Packaging Market Trends. Presence of a vast consumer market remain a major growth engine for the packaging sector in APAC. Moreover, increased disposable income, expansion of the manufacturing sector and increased product penetration are also influencing the market growth in the region. Demand for commercially manufactured cosmetic products has increased substantially in countries such as China, India and the ASEAN belt. At the same time, e-commerce boom and increased demand for premium quality cosmetic products is open new windows of growth for market players operating in the region.
MRFR in its report has covered some of the top-notch market players Rexam Plc. (U.K), World Wide Packaging Llc (U.S.), Albea Group (France), Cosmopak U.S.A. Llc. (U.S.), LIBO Cosmetics Company Ltd. (Taiwan), ABC Packaging (India), Amcor Ltd (Australia)
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