Cosmetic Packaging Market worth $32,384.25 M by 2018

Tuesday 14 January 2014, Amsterdam

According to this report, the cosmetic packaging market is estimated to grow at a CAGR of 5.4% from 2013 to 2018. The cosmetic packaging machinery will reach $2,510 million by 2018. Asia-Pacific led the cosmetic packaging machinery market followed by Europe and North America.

Cosmetic packaging market is a growing sector that has various stake holders such as raw material suppliers, processors, cosmetic and cosmetic packaging manufacturers; with the market for cosmetic products rising, players in cosmetic packaging industry are struggling to diversify their product portfolio. An efficient and suitable packaging is essential for all types of cosmetics.

Plastic is the most preferred material. Consumer preferences, product characteristics, and material compatibility are essential in determining the type of packaging for the products. Asia-Pacific is a significant market share holder and an impacting driver. Asia-Pacific has the highest market share and is projected to be the fastest growing market. The potential markets for cosmetic packaging include India, China, and Brazil which are poised to exhibit the fastest growing trend.

Due to the increased awareness about anti-aging products amongst the women above 30 years of age and high demand for skin whitener in Asia-Pacific region, the skin care packaging market is estimated to grow further in the future. The report also studies various other important aspects pertaining to the market such as Porter’s analysis, competitive landscape, price analysis of raw materials, and supply chain. In addition, 30 players of this market have also been profiled.