Cosmetic Packaging Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity.
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.
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
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.
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· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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