Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Makeup Packaging Market makes an offering
of in-depth analysis of segments and sub-segments in the regional and
international Makeup Packaging Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Makeup
Packaging Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Makeup Packaging Market is offered. In accordance with the report, the global
Makeup Packaging Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Makeup
packaging refers to the primary packaging which include cosmetic containers and
secondary packaging of cosmetic products and fragrances. International
Organization for Standardization establishes an international norm that
cosmetic packaging has to comply with on a global level. Regional and local
regulatory bodies like FDA and EU lays down directives that makeup packaging
companies must adhere to.
Market Drivers
The
prosperous cosmetic industry is providing the initial impetus to the makeup
packaging industry. The soaring purchasing power of the consumers especially of
the developing countries coupled with the rising inclination of the consumers
on the attainment of attractive looks is driving this market. The tendency of
grooming has gained momentum between both gender types especially in the
corporate region which is charging up this market.
The
penetration of internet and social media platforms is bolstering the growth of
this market in several ways. The social media platforms are thronging with lifestyle
blogging and makeup tutorials which is positively affecting impulse purchase of
cosmetics products where the youth try to imitate famous personalities.
Further, the internet has facilitated the opening up of online makeup stores of
different brands which is charging up this market.
Makeup
Packaging plays a vital role in broadening the consumer base. A makeup product
with attractive and functional packaging not only curves a niche in the user’s
vanity but also assists the cosmetic company in promoting its brand widen
market share for its product.
The
convenience associated with makeup packaging is empowering the growth of this
market. Many makeup products are sensitive to sunlight and temperature.
Packaging not only emits the adverse effect of these, but also improves the
lifespan of the product. Further, Packaging is necessary owing to the long
distributional and storing chains that cosmetic products must go through before
reaching the hands of the end user. These factors are accelerating operations in
the makeup packaging market.
Market Restraints
The
basic raw materials used in the production makeup packages is plastic. In the
process of dumping, these packages occupy huge dumping grounds and are not
bio-disposable. Rising initiatives for environmental protection and the
implementation of policies of the government for environment conservation is
hindering the function of this market.
The
Covid-19 pandemic has negatively affected this market. Owing to global
lockdown, makeup stores were shut down and the mobility and the supply chain of
makeup products was disrupted. Moreover, owing to adoption of work from home
methods and avoidance of social gatherings, the need for makeup was lowered
significantly which in turn disrupted the growth of this market.
Opportunities
On
account of environmental conservation and adoption of sustainable projects, the
makeup packaging industries are recycling plastic materials and developing
technologies for the production of eco-friendly packaging solutions and create
new avenues for this market.
The
changing lifestyle patterns and improve purchasing power of the consumers
coupled with the importance attached to makeup especially in the developing
economies is likely to provide lucrative opportunities to this market.
Trends
The
North American region is estimated to witness significant growth in the makeup
packaging market. Such progress is attributable to the presence of leading
players of the cosmetic and personal care market in this region, the importance
of grooming to the population of this region, the development of the packaging
industry which include the constantly evolving innovative packaging solutions,
and the developing roots of the e-commerce platforms that enhance the
procurement of makeup products by the consumers. The Asia Pacific region is
projected to showcase significant growth on account of the presence of emerging
economies like India and China and the escalation in the standard of living and
purchasing power of the consumers.
Segment Covered:
This market intelligence
report on the global Makeup Packaging Market encompasses market segments based on product type,
material type, cosmetic type and country.
By
Product Type the global Makeup Packaging Market has been divided into:
q Flexible
Plastic Packaging
q Ampoules
q Droppers
q Pumps
and Dispensers
q Caps
and Closures
q Tubes
and Sticks
q Corrugated
Boxes
q Folding
Cartons
q Metal
Containers
q Glass
Bottles and Containers
q Plastic
Bottles and Containers
By Material Type the global Makeup
Packaging Market has been divided into:
q Plastic
q Glass
q Metal
q Paper
By Cosmetic
Types the global Makeup Packaging Market has been divided into:
q Hair
Care
q Skin
Care
q Nail
Care
q Make-Up
By country/region,
the global Makeup Packaging Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Albea
S.A.
q Silgan
Holdings
q Aptar
Inc
q Amcor
Limited
q Sealed
Air Corporation
q BIG SKY
PACKAGING
q ALPLA
Group
q Berry
Global
q Berlin
Packaging
q HCP
Packaging
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Makeup Packaging Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Albea S.A.
In January 2020,
the initiation of a new plant in Huai’an, China was announced by Albea S.A. The
production of metal packaging parts for makeup and personal care products will
take place in this facility.
Silgan Holdings
In February
2020, Cobra Plastics Inc was acquired by Silgan Holdings. This acquisition was
aimed at the diversification of packaging solutions of the latter.
Aptar Inc
In February
2020, the announcement with regard to the signing of an agreement for acquiring
Fusion Packaging I, L.P. was declared by Aptar Inc. This acquisition will help
Aptar Inc to establish a strong footing in the Makeup packaging market.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Makeup
Packaging Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Makeup Packaging Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Makeup Packaging caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Makeup
Packaging Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Makeup Packaging Market
v
Identification
of key factors driving investment opportunities in the Makeup
Packaging Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants
