Published on : Nov 03, 2017
Albany, New York, November 3, 2017: The global cosmetic bottles packaging market is likely to grow at a significant CAGR throughout the forecast period 2017-2022, according to a new research report added to the repository of Market Research Hub (MRH). The report titled “Cosmetic Bottles Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” offers comprehensive analysis and insights on the global cosmetic bottles packaging market.
According to the report, manufacturers around the world are focusing on building boosting their marketing efforts, and packaging is become an important part of the process. Consumers are paying more attention to the type of packaging and its functionality, which is influencing companies to come up with exciting and beneficial features. These factors are likely to have an impact on the global cosmetic bottles packaging market during the forecast period.
The global market for cosmetic bottles packaging is likely to be driven by a number of macro- and micro-economic factors. Increase in the spending power of consumers, along with rising millennial population is key to the prospects of the global cosmetic bottles packaging market. Sales of cosmetic bottles are increasing at a steady pace globally, and this is likely to play an important role in the growth of the market during the forecast period. Currently, demand for below 50ml bottles is significant, and it is highly likely that manufacturers will be eyeing opportunities in this segment.
Asia Pacific excluding Japan (APEJ) is one of the leading markets for cosmetic bottles packaging globally. The increasing sales of cosmetic bottles in APEJ is likely to provide numerous opportunities to manufacturers during the forecast period. APEJ accounts for nearly 32% revenue share of the market, and it is highly likely that the region will continue to remain lucrative throughout the forecast period. Europe is likely to remain an important market for manufacturers, owing to the presence of a number of leading manufacturers in the region. The European cosmetic bottles packaging market is likely to offer numerous growth opportunities to manufacturers during the forecast period. In terms of revenue, the Europe market is likely to grow at surpass US$ 2 bn in revenues by the end of forecast period.
The leading players in the cosmetic bottles packaging market include Aptar Group, Inc., Gerresheimer AG, Albea Beauty Holdings S.A., HK Cosmetic Packaging GmbH, Silgan Holdings, Inc., Rebhan FPS Kunststoff Verpackungen GmbH, RPC Group PLC, Amcor Ltd., Quadpack Industries S.A., and Witoplast Kisielinscy Spólka Jawna.
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