07-Jul-2020 | Zion Market Research
A report by Zion Market Research on the cosmetic jars packaging market claims that the market may grow at a CAGR of more than 5.5% by the end of 2026. The market was capitalized at US$ 4.1 billion in 2019 and is expected to accrue revenue over US$ 5.80 billion by end of 2026.
Major players in the global market for cosmetic jars packaging comprise Bonex d.o.o., RPC Group Plc, Gerresheimer AG, Albea SA, Quadpack Industries, Libo Cosmetics Company Ltd., P. W. Masterchem S.J., HCP Packaging, Akey Group LLC, and Raepak Ltd.
Based on the capacity, the below 50 ml section added up for a substantial 50% share in the global market. Moving forward, the section is predicted to elevate its share further, as per Zion Market Research. From a geographical point of view, Asia Pacific apart from Japan is currently the biggest market, whose value is expected to be increase 2 times the value of the cosmetic jars market in North America. The area’s market will hold on to its dominance by increasing at a CAGR of more than 6 % in the years to come.
Flourishing Cosmetics Industry Powering The Growth Of The Market
Serving to power the development in the global market for cosmetic jars packaging is the strong rivalry in the burgeoning cosmetic sector. Increasing disposable revenue of users owing to economic growth all over the world is powering the cosmetic sector. So as to grab a march over their competitors and also elevate brand status, one of the techniques used by companies are products’ attractive packaging. It also assists to attract users easily. The proliferating cosmetic products and such trends are positively affecting the global cosmetic jars packaging market.
Personal Care Sector To Be Major Growth Factor In The Years To Come
Development in the global market is also being powered the increasing personal care sector. A perceptible trend in the global market is the increasing requirement for disposable and small sized packaging goods. Makers, in the meantime, are seeking for methods to lower price of packaging via cost effective substances. This might reflect in the lower price of cosmetic jars packaging that might power sales more. Apart from this, many major players are aiming on premium packaging solutions to suffice the various requirements of customers.
Browse the full “Cosmetic Jars Packaging Market - by Capacity (Below 50 ml, 50 ml - 100 ml, 100 ml - 150 ml, 150 ml - 200 ml, and more than 200 ml), By Material (Metal, Plastic, and Wood, and Glass), Application (Hair Care, Skin Care, Nail Care, Makeup), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/cosmetic-jars-packaging-market
The global cosmetic jars packaging market is segmented as follows:
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