Published on : Aug 03, 2018
Albany, New York, August 3, 2018: Cosmetic products cannot be sold without proper professional packaging, therefore it plays a vital role in its marketing. In the present time, cosmetic tubes are considered as one of the innovative packaging solutions that have a multifold benefit. Recently, an insightful and analytical research report on cosmetic tubes market has been published to the online repository of Market Research Hub (MRH), which helps in understanding various facets of the market on a global basis, covering important regions across the world. The research study is titled as “Cosmetic Tubes Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)”, which offers insights on the current scenario as well as future growth prospects until 2022. To infer market size estimates, metrics such as Year-on-Year (Y-o-Y) growth rates and compound annual growth rate (CAGR) have been used.
Cosmetic tubes are typically a packaging of the primary type as they come in direct contact with the product inside. It has many benefits which make it a perfect packaging solution for cosmetics. As per the study key evaluations, the global cosmetic tubes market is expected to grow at a significant rate over the forecast period. During the 2017-2022 forecast, the global market is projected to witness a temperate CAGR to reach a market valuation of US$ 2.8 Bn by 2022 end. Factors such as rising young population, growing awareness of various cosmetic products and brands, new innovations in products enhancing their performance, use of growing social media to create awareness and reach the target audience, celebrity endorsements to increase the rate of penetration of a cosmetic brand, trend of economic packaging, leak-proof and lightweight improving handling and availability in different volumes are driving the growth of the global market for cosmetic tubes.
Geographically, the research highlights opportunities present in the market on the basis of the regional analysis which includes Latin America, North America, Japan, Europe, APEJ, and MEA. At present, Asia-Pacific excluding Japan (APEJ) region is the largest region and provides several opportunities to manufacturers and distributors of cosmetic tubes. Moving further, the research categorizes the global market for cosmetic tubes on the basis of capacity type, application and material type. On the basis of segmentation, the research finds the following:
• By capacity type, the 100-150 ml segment is poised to reach a significant value and CAGR until 2022.
• On the basis of material, plastics segment presently leads the global cosmetic packaging market, in terms of both value and volume.
• Major applications include hair care, makeup, skin care and others. Of these, the skin care category is the largest segment in terms of value share.
At last, a vital section covering competitive landscape has been featured in the research study which covers profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies. At presents, active players involved in the manufacturing of cosmetic tube include Hoffmann Neopac AG, Albéa Beauty Holdings S.A, Huhtamaki Oyj, Montebello Packaging, Essel Propack Limited, CCL Industries Inc., LINHARDT GmbH & Co. KG., Berry Global Group, Inc., Tubopress Italia SPA, and IntraPac International Corporation.
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