MRRSE has added a new research report on the "Cosmetic Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024" to its collection.

1. Cosmetic Packaging Market to Present Most Lucrative Growth
Opportunities
Report Description
Global Cosmetic Packaging Market: Snapshot

2. The focus of cosmetic product manufacturers on innovative
and alluring packaging has significantly increased in the past
few decades. Key cosmetics and personal care brands have
started considering effective packaging as a critical attribute
of product marketing. The strategy has translated in
enhanced brand visibility, increased sales, reduced brand
recall rates, as well as a larger footprint in the respective
target geographies.
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The factors have significantly benefitted the global market for
cosmetic packaging and are expected to lead to the

3. development of healthy growth opportunities for the market
in the next few years as well. Transparency Market Research
estimates that the global cosmetic packaging market will
exhibit a 4.4% CAGR over the period between 2016 and
2024. If the prediction holds true, the market will rise from
a valuation of US$23 bn in 2015 to US$33 bn by 2024.
Plastic to Remain Most Preferred Cosmetic Packaging Material
despite Rising Popularity of Paper Packaging
A variety of materials is used for packaging cosmetics,
including glass, plastic, paper, metal, and wood. Of these,
the plastics segment presently leads the global cosmetic
packaging market, in terms of both value and volume. The

4. segment is expected to account for a 50% of the global
market throughout the forecast period. However, rising
consumer preference to eco-friendly products such as wood,
paper, and metals is expected to hinder the growth prospects
of the plastic segment to a certain extent.
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Increasing awareness and implementation of stringent
environmental laws along with competitive benefits have
compelled users to increase use of eco-friendly materials for
packaging and manufacturers to integrate eco-friendly design
principles in material development processes. As a result, the

5. global demand for materials such as paper, silicone,
melamine, and bamboo is expected to see a significant rise in
demand across the cosmetic packaging market in the next few
years.
The market for glass-based cosmetic packaging is expected to
rise in response to the substantial demand for luxury goods
in the developed markets like the U.S., UK, and Germany.
However, the adoption rate of metal as packaging is expected
to remain low owing to higher costs in comparison with
other materials.
Asia Pacific Cosmetic Packaging Market to Present Most
Lucrative Growth Opportunities

6. In terms of geography, the market for cosmetic packaging is
dominated by Asia Pacific in terms of total demand. The
region is estimated to account for a share of 32.5% in the
global market in 2016, followed by Europe and North
America. The top spot of Asia Pacific in the global market
can be attributed to the high concentration of manufacturers
as well as buyers of cosmetic packaging products in the
region. Furthermore, a large number of the cosmetic
products, as well as cosmetic packaging product
manufacturers, which previously had manufacturing facilities
in China are opting for China plus one policy. Under the
policy, these companies might set up facilities ASEAN
countries such as Indonesia and Malaysia.

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Sales of cosmetic packaging in Asia Pacific are expected to be
mainly driven by market growth in countries such as China,
Japan, and India where the demand for cosmetic products is
anticipated to expand at a robust CAGR over the forecast
period. Rising awareness about anti- aging products coupled
with the flourishing e-commerce sector in the region Asia
Pacific is also expected to fuel demand for cosmetic
packaging over the forecast period. Markets in Latin America
and Middle East & Africa are expected to witness relatively
sluggish growth over the forecast period.

8. Key players in the global cosmetic packaging market include
Aptar Group Inc., RPC Group Plc, Gerresheimer AG, Amcor
Limited, Albea S.A., Libo Cosmetics Company, Ltd., Quadpack
Industries, HCP Packaging, Fusion Packaging, and ABC
Packaging Ltd.
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