The global cosmetics packaging market is estimated to grow at a CAGR of 5.4% from 2013 to 2018, to be worth $32,384.25 million, according to a new trends and forecasts report from MarketsandMarkets.
According to the 383-page report – full title ‘Cosmetic Packaging Market by Type, Material (Plastic, Glass, Metal, Paper), Application (Hair Care, Nail Care, Skin Care, Make-Up) & by Packaging Machinery (Filling, Unscrambler, Sealing, Conveyor) & Geography - Global Trend & Forecast to 2018’ – the cosmetic packaging machinery sector will reach $2,510 million by 2018.
The report confirms that Asia-Pacific led the cosmetic packaging machinery market, followed by Europe and North America.
Asia-Pacific is projected to continue as the fastest growing market, with India, China, and Brazil also set to provide opportunities for rapid growth.
The skincare packaging market is estimated to grow further in Asia-Pacific region, due to increased awareness about anti-aging products amongst women above 30 years of age, and high demand for skin whitener.
The MarketsandMarkets report also covers various other important aspects pertaining to the cosmetics packaging market, such as Porter’s analysis, the competitive landscape, price analysis of raw materials and the supply chain, along with profiles of 30 significant players in the market.
