Cosmetic Packaging market will exhibit a CAGR of 4.03% and reach USD 39.32 billion by 2027, and the market value as per 2019 was USD 30.37 billion .
Fortune Business Insights™ titled, “Cosmetic Packaging Market Size, Share & Industry Analysis, By Material (Glass, Paper & Board, Plastic, Metal, and Others), By Application Type (Skin Care, Haircare, Make-up, and Nail care), and Regional Forecast, 2020-2027.”
Cosmetic Packaging market Drivers and Restraints :
Various factors promoting the Cosmetic Packaging market growth include a rise in the beauty standards, increasing variety of cosmetics worldwide, and the rising disposable incomes of people. On the contrary, environmental concerns and animal-cruelty cases pose challenges for the market. Nevertheless, the trend of green packaging and conventional packaging solutions with customizable options are expected to create lucrative growth opportunities for the market in the forecast period.
List of Significant Manufacturers Cosmetic Packaging market are:
- DS Smith
- Albea SA
- BIG SKY PACKAGING
- Berlin Packaging
- HCP Packaging
- Berry Global
- ALPLA Group
- Aptar, Inc.
- Sealed Air Corporation
- Other Players
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Some of the key industry developments in the Cosmetic Packaging market Include:
September 2020 – After the acquisition of Lepolast, a manufacturer of lip-glosses and lipsticks, Lumson entered into a partnership with Marino Belotti, a packaging producer of compact cases and other powder boxes. This venture is aimed at the expansion of businesses of the Italian company into the Chinese market.
June 2020 – Amcor acquired the Bemis Company for strengthening the demand and supply chain of cosmetic packaging throughout the United States.