Published on : Nov 02, 2017
Albany, New York, November 2, 2017: The most important ingredient in any cosmetic or skincare product is the packaging. Good packaging will add value and enhance the unwrapping experience, bad packaging will actually drive sales away. At present, the cosmetic packaging market encompasses a wide range of products and is a crucial tool for any marketing strategy. Effective packaging contributes hugely to a company’s profits and enhances product brand image, making the market highly competitive. The intense competitiveness of the global cosmetics sector has thus led to steady growth of the cosmetics jars packaging market in recent years and is likely to enable smooth growth of the market in the coming years, finds a new study published to the online repository of Market Research Hub (MRH). The study is titled as “Cosmetic Jars Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”, which offers comprehensive insights and analysis on the global cosmetic jars packaging market, giving readers key insights on the drivers, restraints, opportunities, and threats in this market. Also, the report presents a detailed look at all leading segments present in the market in order to provide readers with a clear picture of the granular structure of the market.
In the first part, the study provides comprehensive information about the cosmetic jars packaging market covering its introduction, market size and forecast; and key participants market presence by region. The following section of the report also covers regional segmentation which highlights some of the prime regions including North America, Europe, APEJ, Latin America, Japan and MEA. As per the recent findings, global cosmetic jars packaging market is expected to reach a value of more than US$5 bn by 2022, exhibiting a 5.1% CAGR from 2017 to 2022. The global cosmetic jars packaging market is likely to reach a valuation of US$3.9 bn by the end of 2017.
It is well identified that packaging constitutes an important part of the functionality and aesthetics of cosmetic jars and perfumery products, due to growing realization of its utility in brand endorsement and consumer outreach. The research also states that attractive packaging can often make the difference in today’s ultra-competitive cosmetics sector, making the cosmetics jars packaging market vital for global industry players. In addition, the research categorizes the market on the basis of capacity type, material type and application. Capacity-wise segmentation of cosmetic jars includes 50 ml, 50 ml – 100 ml, 100 ml – 150 ml, 150 ml – 200 ml, and above 150 ml – 200 ml. Of these, below 50 ml capacity cosmetics jars are likely to remain the leading segment in the coming years due to the growing popularity of small and easily disposable packaging options in the cosmetics sector. On the other hand, material type segmentation includes plastic, glass and metal.
Geographically, Asia Pacific except Japan is the major contributor to the global cosmetic jars packaging market and is likely to be valued at close to twice that of the North America market by 2022. Urban centers have emerged as the key demand centers for the global cosmetics sector due to the growing disposable income of urban consumers.
Moreover, a vital section of the report covers vendor landscape of the market which presents an exact picture about the various players active in this market. Leading players in the global cosmetic jars packaging market include P. W. Masterchem S.J., RPC Group Plc, Albea SA, HCP Packaging, Gerresheimer AG, Libo Cosmetics Company Ltd., Quadpack Industries, Raepak Ltd., Akey Group LLC, and Bonex d.o.o.
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