(MENAFN- Ameliorate Digital Consultancy)
The latest study released on the Global cosmetic bottles packaging market by Market Intelligence Data evaluates market size, trend, and forecast to 2029. The Cosmetic Bottles Packaging market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. The report is assembled to comprise qualitative and quantitative elements of Cosmetic Bottles Packaging industry including market share that admires each country concerned in the competitive marketplace.
In addition, it provides a comprehensive analysis of aspects involved in market development before and after the Covid-19 pandemic. Report also conducted a PESTEL analysis in the industry to study key influencers and barriers to entry.
According to industry estimates the Cosmetic Bottles Packaging market growth is projected to expand between 4.2% CAGR during the 2023 to 2029 assessment period.
cosmetic bottles packaging
Key Players in This Report Include:
Lumson, SKS Bottle & Packaging, Raepak, Certina Packaging, Witoplast, Albea Beauty, Silgan, Gerresheimer, Quadpack, Amcor, RPC Group, Aptar Group,
Industry News:
Amcor has made 7 acquisitions and 5 investments. The company has spent over $ 7.19B for the acquisitions. Amcor has invested in multiple sectors such as and more.
LUMSON announces the signing of an agreement for the acquisition of Marino Belotti Srl (Belotti), a leading Italian company with ca. € 15 M revenues active in the production of premium“make up” packaging solutions – especially in the“powder” sector, very well known for its creativity and technical abilities.
This is LUMSON's first acquisition since FSI has entered into its share capital in August 2018. The acquisition is part of a wider growth strategy shared by the Moretti family and FSI, that will allow the Group to rapidly increase its market share in Italy and abroad, jointly strengthening leadership and geographical presence.
The report endeavors to offer a 360-degree analysis of the global Cosmetic Bottles Packaging Market on the back of an insightful study of the prevailing demand and supply trends, important fiscal statistics of major players sustaining in the market, and the influence of latest economic advancements on the market . Developments in each geographical region is charted using authentic historical data with a view to help gauge the future trajectory of the market across the globe. SWOT analysis is conducted to identify the strengths, weaknesses, opportunities, and threats that these companies forecast to witness during the forecast period.
The Global Cosmetic Bottles Packaging Market segments and Market Data Break Down are illuminated below:
Cosmetic Bottles Packaging Market Segments by Type:
Skin Care
Hair Care
Makeup
Nail Care
Others
Cosmetic Bottles Packaging Market Segments by Application:
Below 50 ml
50 ml–100 ml
100 ml–150 ml
150 ml–200 ml
Above 200 ml
RESTRAINING FACTORS
Plastics are the most widely used packaging material in this industry and most of it is dumped into landfills. According to EPA (United States Environmental Protection Agency), approximately 70% of the plastic waste generated by the cosmetics market is not recycled, leading its way to the landfills. Moreover, most of the primary packaging are made of single use plastic paper and a significant number amongst them are multilayered to make them look premium, which adds to the excessive wastage of plastics. Further, it was found that micro beads, small plastic particles that are added to exfoliate in rinse-off personal care products, causing serious damage to the marine environment and other water bodies.
As a result, in 2014 Personal Care Products Council (PCPC) announced phase-out of micro beads in the U.S. and same action was taken in Europe in 2015. As of today many countries have banned the use of micro beads in cosmetics. These countries include Taiwan, UK, France, Canada, New Zealand, Italy, Sweden, South Africa and many others. This showcases the increasing awareness on the usage of plastics in formulations as well as packaging across the world and changing consumer preferences
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Regional Insights:
The market in Asia Pacific stood at USD 10.39 billion in 2020, with China accounting for more than three-fifth of the market. China is the second-largest cosmetics market after the U.S. Rapid increase in disposable income coupled with the rising number of young populations is expected to boost the consumption of cosmetic products in the country as well as region. Digital transformation is significantly fueling the market growth in the region as social-media influencers' have better ways to reach out to young population and influence them on social media platforms. The growing environmental awareness amongst youth has also surged the adoption of sustainable and green packaging solutions such as wooden designer packaging (especially bamboo), paper & board and glass. However, the outbreak of COVID 19 pandemic is estimated to decline the market by 1.04% over the year 2019 in Asia Pacific region.
North America ranks second in the market, highly dominated by the U.S. The U.S. is the largest producer of cosmetics and its packaging. It exports high volumes of cosmetic products in most parts of the world. The producers in the region are also opting for green packaging solutions as well as natural products.
Similarly, consumers in the European region are also opting for sustainable packaging solutions. The consumers in the region are switching to post-consumer recycled (PCR) packaging and so the cosmetics manufacturers are in the front-line to adopt PCR plastic packaging in their products wherever possible. The outbreak of COVID 19 is expected to decline the market size in 2020.
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Objectives of the Report:
-To carefully analyze and forecast the size of the Cosmetic Bottles Packaging market by value and volume.
-To estimate the market shares of major segments of the Cosmetic Bottles Packaging
-To showcase the development of the Cosmetic Bottles Packaging market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Cosmetic Bottles Packaging market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Cosmetic Bottles Packaging
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Cosmetic Bottles Packaging market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Table of content:
Chapter 1: Cosmetic Bottles Packaging Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Market Competition by key players
Chapter 4: Global Production, Revenue (Value) by region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Cosmetic Bottles Packaging Market Forecast
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We offer customization on report based on customer's specific requirement:
country-level analysis for the 5 countries of your choice. competitive analysis of 5 key market players. 40 analyst hours to cover any other data point.
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