Make-Up Products Packaging Market Scope
The term cosmetic packaging includes primary and secondary packaging. Primary packaging, also called cosmetic containers, is housing the cosmetic product. It is in direct contact with the cosmetic product. Secondary packaging is the outer wrapping of one or several cosmetic containers. At the same time, the packaging supports the quality, safety, and usability of the remainder of the product throughout its shelf life. Increasing demand for people to launch a new product is the demand for the market growth.
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|Key Companies Profiled||Amcor PLC (United Kingdom), Mondi Group (United Kingdom), Sealed Air (United States), HCP Packaging (China), RPC Group (United Kingdom), Silgan Holdings (United States), Aptargroup (United States), AREXIM Packaging (Germany), Graham Packaging (United States) and Libo Cosmetics (China)|
Make-Up Product Packaging is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The rising population is the main driver of market growth. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Make-Up Products Packaging market throughout the predicted period.
Amcor PLC (United Kingdom), Mondi Group (United Kingdom), Sealed Air (United States), HCP Packaging (China), RPC Group (United Kingdom), Silgan Holdings (United States), Aptargroup (United States), AREXIM Packaging (Germany), Graham Packaging (United States) and Libo Cosmetics (China) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Make-Up Products Packaging market by Type , by Application (Skincare, Hair care, Perfume, Nailcare and Other) and Region with country level break-up.
On the basis of geography, the market of Make-Up Products Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn September 2021, Silgan Holdings Acquires Gateway Plastics Gateway Plastics specializes in the manufacturing and marketing of dispensing closures and integrated dispensing packaging solutions The company produces products such as combined container and closure or 100% recyclable dispensing beverage pods, which can be used by consumer goods product companies in food and beverage applications.
In September 2022, Mondi, a global leader in packaging and paper, worked on an innovative collaboration with German machine producer Heiber + SchrŲder to create a high-speed automated packaging machine that meets the process, efficiency, and safety requirements of eCommerce fulfilment operations. The new compact machine is designed for mid to large-size eCommerce operations seeking efficiency and reliability. It can process up to 500 parcels per hour thanks to an automated erecting, filling, and closing process.
Influencing Trend:Packaging for Cosmetics Preserves Product Quality and Changing populationís lifestyles
Market Growth Drivers:Rising population indulging in buying cosmetics and Increasing demand for people to launch a new product
Restraints:Risk for Contamination and Higher weight incurs higher transport costs
Opportunities:Increasing Use of Recyclable Packaging and Emergence of Nanotechnology and 3-D Printing
Key Target AudienceMake-up product companies, Retailersí ,wholesaler ,distribution, Research and Development (R&D) companies, Market research and consulting service providers, Government Agencies, End User Industry and Others