In recent years, there have been various technological advancements in the cosmetic packaging market. Manufacturing companies are increasing their focus on innovation and offering new products to enhance customer experience. Manufacturers are focusing on innovative packaging designs and products, which will provide them with a competitive edge. For instance, Albea SA, a packaging solution provider, developed a Teardrop tube, a drop-by-drop dispensing system for liquid formulations. The tube is lighter and has more resistant packaging than a glass bottle, and is an ideal solution for on-the-go usage. Along with this, Albea SA and L’Oréal together developed the very first cosmetic tube integrating certified paper-based material. WWP beauty also developed various innovative cosmetic packaging targeting on-the-go usage. The company developed Beauty Bites, a collection of bite-size packaging designed for beauty on the go. The company also developed Double Care, a multifunctional collection of dual packaging solutions that declutter lifestyles and living spaces. Thus, increasing focus on providing innovative packaging solutions to consumers to gain a competitive edge provides the cosmetic packaging market growth opportunities.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the growth of APAC cosmetic packaging market. The APAC cosmetic packaging market is expected to grow at a good CAGR during the forecast period.
The APAC cosmetics packaging market is segmented into material type, container type, and application. On the basis of material type, the market is segmented into glass, paper, plastic, metal, and others. In 2020, the paper segment held the largest market share. Based on container type, the market is segmented into jars, tubes, bottles, pumps and dispensers, sachets, and others. In 2020, the bottles segment held the largest market share. On the basis of application, the market is segmented into skin care, hair care, make up, and nail care. In 2020, skin care segment held the largest market share. Based on country, the APAC cosmetic packaging market is segmented into Australia, China, India, Japan, South Korea, and the rest of APAC. Furthermore, Albea; Aptar Group, Inc.; Berry Global Inc.; Gerresheimer AG; HCP PackaginG; Huhtamaki; Libo Cosmetics; Silgan Plastics; and WWP Beauty are among the leading companies in the APAC cosmetic packaging market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 14,437.48 Million |
| Market Size by 2028 | US$ 22,179.73 Million |
| CAGR (2021 - 2028) | 6.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Cosmetic Packaging Market is valued at US$ 14,437.48 Million in 2021, it is projected to reach US$ 22,179.73 Million by 2028.
As per our report Asia Pacific Cosmetic Packaging Market, the market size is valued at US$ 14,437.48 Million in 2021, projecting it to reach US$ 22,179.73 Million by 2028. This translates to a CAGR of approximately 6.3% during the forecast period.
The Asia Pacific Cosmetic Packaging Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Cosmetic Packaging Market report:
The Asia Pacific Cosmetic Packaging Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Cosmetic Packaging Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Cosmetic Packaging Market value chain can benefit from the information contained in a comprehensive market report.
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