The global cosmetics packaging market is likely to witness significant growth owing to factors such as increasing awareness for personal care and rising adoption for cosmetics during the forecast period. Fortune Business Insights, published this information, in its latest report, tiled“Cosmetic Packaging Market Size, Share & Industry Analysis, By Material Type (Plastic, Glass, Metal, Others), By Cosmetic Type (Hair Care, Skin Care, Make-up, Nail Care, Others) Others and Regional Forecast, 2019-2026.”
What does the Report Include?
The market report includes detailed assessment of the various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Furthermore, the report provides comprehensive research into the regional developments of the market, affecting the market growth during the forecast period. The competitive landscape offers further detailed insights into the strategies such as product launches, partnerships, merger and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026.
Drivers and Restraints:
Increasing Adoption of Organic Ingredients to Boost Demand
Consumer awareness for natural ingredients over synthetic ingredients is rising in developed economies. This presents a positive picture for manufacturers and exporters of organic cosmetics from developing economies to cater to the rising demand that will boost the growth of the market during the projected horizon. Moreover, increasing adoption of organic materials such as vegetable oils, essential oils, and natural colorants in soaps, makeup kits, and deodorants will contribute to the growth of the market during the forecast period. Moreover, rising environmental concerns is fueling the demand for organic ingredients and the companies operating in the market are focusing on developing synthetic-free products. This will drive the growth of the market in the forthcoming years.
Rising Awareness for Cosmetics in Asia-Pacific to Augur Growth
Among the regions, Asia-Pacific is anticipated to hold the largest share for the market during the forecast period. This is ascribable to factors such as increasing awareness for popular cosmetic brands in this region. In addition to this, presence of several cosmetic product manufacturers and increasing demand by countries such as India, South Korea, and China will boost the demand for the market in Asia-Pacific in the forthcoming years. On the other hand, North America will register substantial growth for the market backed by increasing adoption of technology and rising adoption of skincare products. The market in Europe is likely to expand during the forecast period. This is attributable to factors such growing beauty consciousness among the people and affordable products during the projected horizon.
List of the Companies Proliferating in the Market:
- RPC Group Plc
- Amcor Limited
- Libo Cosmetics Company Ltd.
- HCP Packaging Co. Ltd.
- Aptar Group Inc.
- Cosmopak Ltd.
- Quadpack Industries SA