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The cosmetic packaging is used to contain cosmetic products with the crucial aim of protecting the product from all kinds of hazards it can get exposed to during handling and transportation. The term cosmetic packaging includes primary packaging and secondary packaging. Primary packaging, also called the container, houses the cosmetic product, and the secondary packaging is used as an advertisement to draw the attention of consumers. Cosmetic packagings are standardized by regulations set by the International Organization for Standardization and the manufacturers must abide by these norms to be able to market their products in the respective region.
The key market driver for the global cosmetic packaging market is the increasing consciousness towards personal care. Availability of disposable income combined with the increasing demand for large number of cosmetic products is increasing the demand for cosmetic packaging.
Key Market Driver -
Increasing consciousness towards personal care
Key Market Restraint -
Environment concerns related use of plastic for cosmetic packaging
Key market restraint for the global cosmetic packaging market is the environmental concerns related use of plastic for cosmetic packaging. Cosmetic industry creates millions of tonnes of plastic, which is non-recyclable and non-biodegradable, to contain their product. The plastic waste generated continuously emit greenhouse gases contributing to global warming.
Based on material type, the market is segmented into plastic, glass, metal, and others. Based on cosmetic type, the market is segmented into hair care, skin care, make-up, nail care, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Some of the notable companies in global cosmetic packaging market are RPC Group Plc, Amcor Limited, Libo Cosmetics Company Ltd., HCP Packaging Co. Ltd., Aptar Group Inc., Cosmopak Ltd., Quadpack Industries SA, Rieke Packaging Systems Ltd., Albea SA, DS Smith, Gerresheimer AG, Paepak Ltd., and other key players.
The global cosmetic packaging market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific occupies the major share of the market owing to the increasing popularity of cosmetic products in this region. Additionally, a large number of cosmetic product manufacturers and increasing demand from India, China, South Korea, and others is expected to boost market growth.
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In North America, a growing trend of skincare products and the adoption of new technology for cosmetic packaging will be responsible for market growth. Factors such as rising beauty consciousness and affordability are driving the market in Europe. The Middle East & Africa, and Latin America cosmetic packaging market is expected to grow at a moderate rate. The growth can be attributed to the rising consumption of cosmetics due to increasing consciousness towards appearance.
By Material Type
By Cosmetic Type
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