The global cosmetic bottles packaging market
is foretold to be all set for a staggering growth in the foreseeable
future on account of a high focus on making packaging more alluring and
innovative for different types of cosmetic product consumers. This could
allow cosmetic product companies to gain a greater footprint in
individual target regions, reduce brand recall rates, increase sales,
and enhance brand visibility. In the coming years, there could be a
drastic hike in the effectiveness and importance of packaging in the
cosmetic products industry. The rising usage of ecofriendly materials
and the green trend could provoke packaging innovations to upgrade to
the next level, thus increasing the demand in the market.
According to the evaluation of
Transparency Market Research (TMR), the global cosmetic bottles
packaging market is envisaged to collect a hefty earning of US$8.3 bn by
the completion of 2022 at a 5.0% CAGR, from a valuation of US$6.5 bn
attained in 2017.
Global Cosmetic Bottles Packaging Market: Major Insights
The international cosmetic bottles
packaging market is envisioned to be strongly driven by the growing
purchase power of consumers amid a widespread awareness about the easy
availability and effectiveness of pollution protection and anti-aging
products. Thus, the rising number of geriatrics in prime regions such as
Asia Pacific could augur well for the market. With that mentioned, the
elevating count of young consumers using cosmetic products could not be
ignored as it is projected to significantly contribute toward the market
growth. The younger demographic is expected to be largely attracted to
packaging innovations. As a result, it could be specifically targeted by
cosmetic bottles packaging companies.
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The international cosmetic bottles
packaging market is forecasted to be segmented as per three types of
category, viz. capacity, material, and application. In terms of capacity
type, players could find new avenues opened up in segments such as
below 50 ml, 50 ml–100 ml, 100 ml–150 ml, 150 ml–200 ml, and above 200
ml. However, the publication prognosticates the below 50 ml market to
secure a dominating status by 2022 end. It could garner a share of 31.4%
by the final forecast year.
By material, the international cosmetic
bottles packaging market is anticipated to be classified into plastic,
glass, and metal. By application, segments such as skin care, hair care,
makeup, and nail care could create opportunities in the market.
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