Cosmetic Packaging Market by Regions and Vendors 2014-2020: Latest Market Analysis, Shares, Size, Trends and Forecast

on Thursday, 11 June 2015
ALBANY, NY, JUNE 2015 -- includes new market research report " Global Cosmetic Packaging Market 2014-2020: Worldwide Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

"Cosmetic industry is highly consumer centric, in terms of perceived value, and aesthetic appeal and as such, packaging of these products impact the market sales.Most of the packaging for cosmetic productsis done with plastic, glass, and metal while others include paper. Plastic packaging leads the cosmetic packaging market with a share of 50-55% in 2014 while on the other hand; glass packaging has a dominant share in fragrance market, a subset of Cosmetic packaging market.

The global cosmetic packaging industry market was worth $24.3 billion in 2014 and is projected to reach $31.4 billion by 2020, at a compound annual growth rate of 4.3%. North America has a market share of 30% while APAC will witness the fastest growth during the forecasted period.

Factors like growing beauty consciousness in the consumers, segmented cosmetic products based on affordability, e-retailing are driving the market, while economic factors like recession are a constraint for the high end market. With Cosmetics being FMCG products, retailers have a great impact in identifying the brands that provide aesthetic appeal to the customers and placing the same in their limited shelf space. As such, perception of packaging by manufacturing companies has shifted from being a non-core activity to becoming an extension of their arm.

With changing market dynamics of Cosmetic industry by bringing in new products, packaging companies are going for innovations in designing, and technological use to stay competitive.

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