Cosmetic Packaging Market to Surge at a Robust Pace In Terms Of Revenue Over 2026 By Transparency Market Research Published January 10, 2022
The global cosmetic packaging market has witnessed extraordinary growth during the past few years, owing to high graphics printing, chic design, extended shelf-life, enhanced shelf-appeal and sustainability features, which are expected to boost the demand for cosmetic packaging market during the forecast period. Global cosmetic packaging market is segmented by material, application, container, capacity, and by region. The hair care segment is anticipated to expand at the highest CAGR of 5.2% during the forecast period. The skin care application segment is expected to dominate the overall market throughout the forecast period by value and volume. The recent trends in the global cosmetic packaging market show that the prices are steadily falling due to the rising competition between market players. This has led to the increasing penetration and rise in per capita consumption of cosmetics worldwide, especially in APAC and Latin America. Rising beauty & health awareness has led to an increase in skin care and hair care product sales. Growing cross-border sales and penetration of e-Commerce and internet in rural & semi-urban areas of APAC, Latin America, and Africa regions is also driving the cosmetic packaging market. Packaging is considered to be a silent salesman. Global cosmetic packaging manufacturers are using packaging as a product differentiation strategy to win the market and stand out among the competition. Packaging helps to drive impulse buying and enhances shelf-appeal and consumer satisfaction. Get PDF brochure for Industrial Insights and business Intelligence @