Market - - Nov 06,2017
As per report details, the global cosmetic bottles packaging market is likely to rise at a CAGR of 5.0% during the period between 2017 and 2022.
In the coming few years, the global cosmetic bottles packaging market is foreseen to witness a considerable growth as a result of advancing consumer preference. This enhancement can be considered on account of the outbreak of various types of packaging and material used for a wide range of applications.
At present, the cosmetic packaging is viewed as a crucial element for boosting sales since companies are working hard to improvise the esthetic appearance of their offered products. Further, with an aim to maintain their competitiveness across their established markets, different packaging firms are expected to push technological developments and other innovations to a whole new level.
It has been observed that the cosmetic industry is analyzed to experience significant growth due to rising concerns related to beauty consciousness and facial appearance. Moreover, the growing size of the aging population can be seen as another factor driving the growth of the industry.
Considering the material type, the market is mainly occupied with plastic, glass, and metal packaging. Further, on the basis of application, the need for cosmetic bottles packaging is quite prominent for skin care, makeup, hair care and nail care. As per active research analytics,
As per active research statistics, the global cosmetic bottles packaging market is likely to rise at a CAGR of 5.0% during the period 2017–2022. It is also anticipated that the concerned sector might soon acquire a valuation of US$8.3 bn during the same period. Some of the efficient players from the target market include companies like Aptar Group, Inc., Gerresheimer AG, Amcor Ltd., RPC Group PLC, Albea Beauty Holdings S.A., HK Cosmetic Packaging GmbH, Rebhan FPS Kunststoff Verpackungen GmbH and Silgan Holdings, Inc. Each of these firms has been successful in moving ahead in terms of production and revenue.
For more information on this report visit- https://www.marketresearchhub.com/report/cosmetic-bottles-packaging-market-global-industry-analysis-size-share-growth-trends-and-forecast-2017-2022-report.html