Cosmetic Packaging Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market.
Cosmetic Packaging Market size was valued at USD 34.98 Billion in 2020 and is projected to reach USD 53.78 Billion by 2028, growing at a CAGR of 5.76% to 2028.
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Cosmetic Packaging is applied for the protection of products, and their branding. It gives the products from all the wear and tears during handling and transportation. The packaging is done in different forms such as tubes, pouches, jars, bags, cans, and others. Packaging materials are fabricated from plastic, paper, metal, and glass.
Changing style of packaging, innovative package designs, and increasing demand for cosmetics due to the growing youth population are some of the factors that have supported long-term expansion for Cosmetic Packaging Market.
Regional Analysis
Asia Pacific is expected to be the largest market of commercial refrigeration equipment during the forecast period. The increasing population in the region, improving economic conditions, such as rising GDP & disposable incomes, and a booming consumer appliances sector have led to growth in the commercial refrigeration equipment in the region.
Recent Developments
Oct 2019 - Albea announced the launch of a global business partnership with a prominent 3D technology innovation start-up, Erpro 3D Factory. This partnership may allow the company and Erpro 3D Factory to offer industrial series of fully-personalized cosmetic packaging solutions, in creative shapes. Erpro 3D Factory’s unique technology most recently used to design innovative 3D mascara brushes for a renowned cosmetic brand, allowing for industrial series in creative shapes that traditional injection molding does not allow, typically for color cosmetics packaging, fragrance caps, skincare jars, and more.
Feb 2020 - Silgan Holdings announced that it has acquired Cobra Plastics Inc. The combination of Cobra’s overcap product line with the aerosol actuators and dispensing systems would allow Silgan to offer a broader range of integrated solutions, including functional overcaps, to meet the unique needs of the customers.
Key Players of Cosmetic Packaging Market
· Albea
· HCP Packaging
· RPC Group Plc
· Silgan Holdings
· Bemis Company Inc.
· DS Smith
· Graham Packaging Company
· Libo Cosmetics
· AptarGroup Inc.
· AREMIX and More
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In addition to the market data for Cosmetic Packaging Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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