Press release
Cosmetic Packaging Market Challenges, Key Players, Market Segments, Development, Opportunities, Forecast Report 2030
A recent report by Allied Market Research, titled "๐๐ผ๐๐บ๐ฒ๐๐ถ๐ฐ ๐ฃ๐ฎ๐ฐ๐ธ๐ฎ๐ด๐ถ๐ป๐ด ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐," reveals that the market was valued at $34.3 billion in 2020 and is projected to reach $55.9 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.
๐ซ๐๐๐๐๐๐๐ ๐ท๐ซ๐ญ ๐บ๐๐๐๐๐ ๐ช๐๐๐: https://www.alliedmarketresearch.com/request-sample/A08304
๐๐ฒ๐ ๐๐ฟ๐ผ๐๐๐ต ๐๐ฟ๐ถ๐๐ฒ๐ฟ๐
Cosmetic packaging materials are commonly classified into glass, paper-based, plastic, and metal. Among these, plastic packaging held the largest market share in 2020, driven by increased spending on creamy cosmetic products. Key packaging types include tubes, bottles, dispensers, and others, with applications spanning oral care, skin care, hair care, makeup, and perfume.
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐๐ป๐๐ถ๐ด๐ต๐๐
In 2020, Asia-Pacific dominated the cosmetic packaging market, followed by North America and Europe. This dominance is attributed to the increased use of packaging for skincare products in the region.
๐๐บ๐ฒ๐ฟ๐ด๐ถ๐ป๐ด ๐ง๐ฟ๐ฒ๐ป๐ฑ๐ ๐ฎ๐ป๐ฑ ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ถ๐ฒ๐
Environment-Friendly Packaging: Manufacturers are increasingly adopting sustainable materials and eco-friendly solutions to align with global environmental goals.
Plastic Packaging Innovations: Plastic remains a preferred choice due to its durability, ease of manufacturing, and versatility in design.
Strategic Acquisitions: For instance, in June 2021, Berlin Packaging acquired Raepak Limited, a company specializing in recyclable and eco-friendly cosmetic packaging. This acquisition strengthened Berlin Packaging's sustainable product offerings in the UK.
Pandemic Impact
The COVID-19 pandemic caused disruptions in manufacturing and supply chains, particularly in key markets like China, the U.S., and India. Shutdowns, raw material shortages, and limited manpower negatively impacted the market. However, with production resuming and vaccination programs advancing, the market is poised for recovery and growth.
๐๐๐น๐น ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ช๐ถ๐๐ต ๐ง๐ข๐:
https://www.alliedmarketresearch.com/cosmetic-packaging-market-A08304
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
Key companies profiled in the report include:
Albea SA
Amcor PLC
Aptargroup Inc.
Big Sky Packaging
Berlin Packaging
Berry Global, Inc.
DS Smith PLC
HCP Packaging Co. Ltd.
Huhtamaki Oyj
Sonoco Products Company
๐๐ฒ๐ ๐๐ถ๐ป๐ฑ๐ถ๐ป๐ด๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฆ๐๐๐ฑ๐
Packaging Type: Bottles dominated the market in 2020, while robotic packaging is expected to see significant growth during the forecast period.
Application: The skincare segment registered the highest revenue in 2020.
Regional Growth: Asia-Pacific is projected to record the fastest growth rate in the coming years.
The cosmetic packaging market offers immense potential driven by advancements in design, the rise of e-commerce, and growing consumer preferences for sustainable solutions. With innovations and strategic initiatives, the industry is set to witness robust growth during the forecast period
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the repor
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