Cosmetic bottle packaging Market Driven By Demand Surge to Grow Exceptionally at 4.5% CAGR, 2023

Market Research Future published a research report on “Global Cosmetic bottle packaging Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Cosmetic Bottle Packaging Market, By Material (Plastics, Glass, Metal and other), By Application (Skin care, Hair care, Bath & shower, Cosmetics and Others) and Region - Forecast To 2023.

Market Synopsis

The global cosmetic bottle packaging market, estimated at about USD 39 billion at the retail level, is a highly attractive segment of the consumer products space. The market has seen steady growth of 4.5% CAGR in the last few years. The development of new and diversified packaging styles, and high potential in emerging economies provides huge growth opportunities for personal care products, create exciting opportunities within the packaging industry. Moreover, innovation in packaging plays a major role in driving the growth of cosmetic bottle packaging market. Vibrant shades of blue and yellow, color-coding, and a wide range of shapes, sizes and materials are now defining packaging for even basic skin care necessities. Innovation in appearance of convenient sprays and compressed sizes has also altered the look on store shelves, with familiar products in unfamiliar packages which have been quickly welcomed by consumers throughout the world. Recently companies have been spending more on packaging innovation than production cost. They are adopting active packaging and intelligent packaging so as to enhance the performance of the packaging technique.
The global market for global cosmetic bottle packaging market is expected to grow at ~4.5% CAGR.

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A new trend is research and development being carried out by packaging manufacturers with focus on lucrative locations for production and short-distance supply to reduce costs. Cosmetic bottle packaging market is expected to flourish during the forecast period due to the major drives such as focus on high-quality products, changing lifestyle of consumers. Advancement in packaging technologies and availability of personal care products in innovative designs, such as pumps, sprays, sticks, pen type, and rollers balls also boost the market growth.
The cosmetic bottle packaging market is undergoing various changes with rise in the number of stock keeping units, acceleration of technological innovation, and shift in competitive power. These changes evolve customer expectations. Regionally, global personal care market has been segmented into the four major regions of North America, Europe, Asia Pacific and RoW.

Regional Analysis

On the basis of regions, Asia Pacific accounted for majority of the market share; will continue to dominate the market in the forecast period. Rapid economic growth and increase in disposable income resulted in changing lifestyle patterns in emerging countries, such as China, India, and Brazil. China cosmetic bottle packaging market is expected to have new growth opportunities over the coming years. Improving disposable income, rising information, and changing standard of living have augmented the demand for cosmetic bottle packaging products, positively impacting the cosmetic bottle packaging market.

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Scope of the report

This study provides an overview of the global cosmetic bottle packaging market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global cosmetic bottle packaging market by its product and region.

By Material
• Plastics
• Glass
• Metal
• other

By Application
• Skin care
• Hair care,
• Bath & shower
• Cosmetics
• Others

By Region
• North America
• Asia Pacific
• Europe
• Rest of the World

Key Players

The key players of global cosmetic bottle packaging market include Amcor Ltd. (Australia), Albea Group (Luxembourg), CCL Industries (Canada), Sonoco Products Company (U.S.), Sinclair & Rush, Inc. (U.S.), Essel Propack Ltd (India), Huhtamaki (Finland), Montebello Packaging (Canada), World Wide Packaging LLC (U.S.), Unette Corporation (U.S.) and others.
Extensive research in this market has brought to light that expansion is the key strategy adopted by the major players in the global cosmetic bottle packaging market. This strategy is widely adopted to spread their geographical presence and achieve operational efficiencies.

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