Cosmetic Bottles Packaging Market: Innovative and Ecofriendly Packaging a Trend for Cosmetics Market

The manufacturers of cosmetic products pay considerable attention to the bottles of packaging as they not only entice sales off the shelf of a retail store but also sit with the consumers throughout the usage time and hence help build a relationship, and thereby loyalty. For a number of years, the packaging of cosmetic products has evolved, and the latest technology utilizes materials such as plastic, glass, and metal to make an impression on the end-users. Apart from marketing aspects, cosmetic bottles packaging can also play a crucial role in preserving them from various types of damages during the production and transportation activities. A fresh commerce and business study by Transparency Market Research (TMR) has estimated that the demand in the global cosmetic bottles packaging market will expand at a CAGR of 5.0% during the forecast period of 2017 to 2022. The study has evaluated that the opportunities in the global cosmetic bottles packaging market were worth US$6.5 bn, which will swell up to US$8.3 bn by 2022.

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Which factors will ensure a prosperous future of the market?

The global cosmetic bottles packaging market is driven by a number of factors, such as increasing geriatric population who commonly suffer from skin or hair problems, increasing disposable income and upscale living standard of urban population who are willing to pay good bucks for quality cosmetic products, on-the-go lifestyle of consumers who now prefer products that are easy in portability, cosmetic packaging solutions that result in easy application, and smaller pack sizes in the market that helps in increasing the cosmetic consumption volume. While factors such as advanced medical technology that assist in beauty treatment and application of few ingredients in cosmetic products owing to government regulations are hindering the market’s prosperity, the vendors of this market will continue to gain new opportunities from product innovation, concentrating in emerging economies, and collaborating with leading players in the healthcare sector.

Which market segments are poised for stronger growth?

Based on capacity, the TMR report segments the global cosmetic bottles packaging market the chronological order of below 50 ml, 50 ml–100 ml, 100 ml–150 ml, 150 ml–200 ml, and above 200 ml. In the near future, the publication projects the segment of below 50 ml cosmetic bottles packaging to secure a dominating status by 2022 end. It is projected to garner a share of 31.4% by the final forecast year.

What is the nature of competition among the leading vendors?

The global market for cosmetic bottles packaging market divided among a large number of players who cater to respective regional demand and continuously innovate their products to meet changing demand for cosmetics such as lipsticks, mascaras, lip-gloss, samplers, and foam pumps. Geographical expansion is another key strategy of the key players of this market, and ecommerce has paved a way for them to meet their offshore customers. RPC Group PLC, Aptar Group, Inc., Gerresheimer AG, Albea Beauty Holdings S.A., Amcor Ltd., Rebhan FPS Kunststoff Verpackungen GmbH, Silgan Holdings, Inc., HK Cosmetic Packaging GmbH, Quadpack Industries S.A., and Witoplast Kisielinscy Spólka Jawna are some of the notable vendors currently operating in the global cosmetic bottles packaging market.

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The vendors of cosmetic bottles packaging have also started to integrate common cosmetic packaging with digital features such as NFC chips which goes a long way towards tracking their production to transportation to the actual sale. In addition to that, the demand for packaging that is cleaner and resonates the aesthetic essence of the product in the most uncluttered way is gaining popularity. The awareness regarding eco-friend measures has improved quite a bit in the recent times with the outbreak of social media and as a result, customers opting for reusable and environmentally-friendly packaging. This is opening new opportunities in the global cosmetic bottles packaging market.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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This release was published on openPR.