Global Cosmetic Bottle Market Research Report: Ken Research
Cosmetic bottle is a narrow-necked container made of a water-resistant material in various shapes and sizes. Cosmetic bottles packaging generally refers to the primary packaging and casing of cosmetics mainly in packaging products such as cans, bottles, pouches, jars, tubes, bags, and among others. The packaging for cosmetic & beauty products is specialized for consumer functionality, protection, and brand positioning.
According to the study, “Global Cosmetic Bottle Market Size study, by Material (Plastic, Glass, Metal, Other), By Application (Skin Care, Hair Care, Nail Care, Others) and Regional Forecasts 2018-2025” the key companies operating in the global cosmetic bottle market are worldwide Packaging LLC, Quadpack Industries S.A., Amcor Limited,CCL Industries, Sinclair & Rush Inc., Sonoco Products Company, Albea Beauty Holdings S.A.The key players are investing in research & development(R&D) of quality based cosmetic products having superior and improved functionality coupled with attractive packaging thus driving the global market growth.
Based on material type, cosmetic bottle market is segmented into glass, plastic, metal and others. Plastic segment holds a major share in the market owing to its convenient & hygienic qualities. Plastic is primarily popular due to its lightweight, low cost, cost-effective, and versatility. Based on capacity, market is segmented into below 50 ml, 50 ml to100 ml, 100 ml to150 ml, 150 ml to 200 ml, and above 200 ml. In addition, based on application, the market is segmented into haircare, skincare, nail care, and others. The skin care segment is anticipated to grow at a substantial rate with the rise in adoption of skincare & anti-aging products during the forecast period.
The cosmetic bottle the market is driven by growth in adoption of skincare products, rise in demand of anti-aging products, ease of availability, increase in industrialization, rise in population, high demand for premium designs, labeling & finishing in cosmetics packaging, growth in adoption of lightweight rigid plastics, change in the standard of living, growth in the advancement of new & varied packaging styles, rise in innovation in packaging and increase in concerns towards utility of environment-friendly products. However, less number of manufacturing units and fluctuating raw material prices may impact the market. Moreover, surge in adoption of lightweight rigid plastic is a key opportunity for the market.
Based on geography, the Asian-pacific is the dominant region in the cosmetic bottle market owing to growth in awareness about health & hygiene, increase in disposable income of the individuals, and rapid urbanization in the region. The European and North-American regions are likely to witness higher growth rate due to the rise in demand for cosmetic products over the forecast period. It is predicted that the future of the market will be brightly caused by an increase in demand for a small packaging sizes and rise in consciousness about anti-aging products during the forecast period.
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Ankur Gupta, Head Marketing & Communications