Posted on Leave a comment

Cosmetics Packaging Market Worth $35.9 Billion By 2025 | CAGR: 4.8% | Grand View Research, Inc.

Cosmetics Packaging Market Worth $35.9 Billion By 2025 | CAGR: 4.8% | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”

According to a new report published by Grand View Research, Changing style of packaging, innovative package designs, and increasing demand for cosmetics due to the growing youth population are anticipated to drive the market in the forecast period.

The global cosmetic packaging market size is expected to reach USD 35.9 billion by b, expanding at a CAGR of 4.8% in the forecast period, according to a new report by Grand View Research, Inc. Growing fashion trends and attractiveness towards innovative and designer packing material for personal grooming products are anticipated to drive the market in the forecast period.

By material type, the plastic segment dominated the cosmetics packaging market with a share of 62.5% in 2018. Wide variety, application, and low cost of the material are likely to fuel the segment growth in the forecast period. Paper is anticipated to expand at the fastest CAGR of 5.9% due to increasing awareness regarding eco-friendly packaging. High use of paper as a secondary packaging is also driving the segment in the forecast period.

Skin care led the market in 2018, accounting for 47.9% share of the overall revenue. Innovation in the products such as introduction of anti-ageing products is likely to drive the segment in the forecast period. The make-up segment is anticipated to emerge as the fastest growing segment in the forecast period. Growing young population and increasing number of women in the corporate are fuelling the growth of this segment.

Asia Pacific was the leading regional market in 2018, accounting for 40.0% share of the overall revenue. Growing demand among the millennials in the emerging countries such as India, China, and Japan, which account for more than 34% of the global population, is boosting the regional market growth. Muslim dominated countries in Middle East are likely to witness significant growth in the coming years. Shifting target audience to Muslims due to increasing demand for halal cosmetics is driving the market in the region. 

Cosmetic Packaging Market Report Highlights

 By material type, the paper segment is ascend to expand at a CAGR of 5.9% in the forecast period

Make-up is anticipated to expand at the fastest CAGR of 5.7% in the forecast period

Countries such as Saudi Arabia and UAE, which are Muslim dominated, are projected to witness significant growth in cosmetics packaging market due to increasing demand for halal cosmetics.

For Requesting a Sample Copy Please Visit @ https://www.grandviewresearch.com/industry-analysis/cosmetic-packaging-market/request/rs1

Cosmetic Packaging Market Segmentation

Grand View Research has segmented the global cosmetics packaging market on the basis of material type, cosmetic type, and region:

Cosmetic Packaging Material Type Outlook (Revenue, USD Billion, 2015 – 2025)
    • Plastic
    • Metal
    • Glass
    • Paper
    • Others

Cosmetic Packaging Cosmetic Type Outlook (Revenue, USD Billion, 2015 – 2025)
    • Hair Care
    • Skin Care
    • Nail Care
    • Make-up

Cosmetic Packaging Regional Outlook (Revenue, USD Billion, 2015 – 2025)
     North America
        • The U.S.
    • Europe
        • Germany
        • The U.K.
    • Asia Pacific
        • China
        • Japan
    • Central and South America
        • Brazil
    • Middle East & Africa
        • Saudi Arabia

Fill The Pre-Order Enquiry Form For The Report @ https://www.grandviewresearch.com/inquiry/465/ibb

 

Browse Related Reports:

Nano-enabled Packaging MarketAnalysis By Technology (Active Packaging, Intelligent & Smart Packaging, Controlled Release Packaging), By Application (Food & Beverages, Pharmaceutical, Personal Care & Cosmetics) And Segment Forecasts To 2024.

 

Green Packaging MarketSize, Share & Trends Analysis Report By Type (Recycled Content, Reusable, Degradable), By Application (Food & Beverages, Healthcare), By Region, And Segment Forecasts, 2020 – 2027.

 

About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/cosmetic-packaging-market