Competition in the global cosmetic jars packaging market,
which is somewhat consolidated, is predicted to hot up going forward
because of the increasing thrust on research and development by key
players to come up with better products. Competition will also likely to
rise owing to the entry of new players. Massive opportunities in the
global cosmetic jars packaging market and low entry barriers is drawing
many aspiring players.
In such a cutthroat scenario, players
that have come to hold a prominent position by beating competition are
Akey Group LLC, Bonex d.o.o., P. W. Masterchem S.J., Raepak Ltd., HCP
Packaging (Shanghai) Co. Ltd., Quadpack Industries, Albea SA, Libo
Cosmetics Company Ltd., and Gerresheimer AG.
A report on the cosmetic jars packaging
market by Transparency Market Research finds that it would expand at a
5.1% CAGR over the duration of the forecast period beginning in 2017 and
ending in 2022-end. The market, which was valued at US$3.9 bn in 2017,
will likely clock a value of over US$5 bn by 2022-end, rising at this
pace.
Request to View Brochure of Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=32249
Depending upon capacity, the below 50 ml
category accounted for a considerable 52.4% share in the cosmetic jars
packaging market in 2017. Going forward, the segment is expected to
increase its share further, predicts the TMR report. From a geographical
standpoint, Asia Pacific except Japan is at present the largest market,
whose value is predicted to be double that of the value of the North
America cosmetic jars market. The region’s market will hold on to its
dominant position, by rising at a 6.6% CAGR in the forecast period,
states the report.
Serving to catalyze growth in the global
cosmetic jars packaging market is the intense competition in the
burgeoning cosmetic industry. Rising disposable incomes of people due to
economic development worldwide is driving the cosmetic industry. In
order to steal a march over their rivals and also increase brand value,
one of the methods leveraged by players are attractive packaging of
their products. It also helps to draw attention of consumers easily.
Such trends and the proliferating cosmetic products is positively
impacting the cosmetic jars packaging market.
0 comments:
Post a Comment