Asia-Pacific Cosmetic Packaging Market Value Projected to Expand by 2028
Asia-Pacific cosmetic packaging market is anticipated to showcase moderate CAGR of 5.6% during the forecast period (2021-2027). Rising purchasing power, increase in beauty conscious consumers, easy availability of affordable cosmetic products, and significant growth in e-retailing are the key factors that are driving the cosmetic industry across the region. India & China are the major contributors towards the growth of the Asia-Pacific cosmetic packaging market. According to the Associated Chambers of Commerce and Industry of India (ASSOCHAM), Indian beauty and wellness market is estimated to be $ 14 billion in 2019 and is anticipated to grow significantly at CAGR of 18%. The growing cosmetic industry across the region is creating huge demand for cosmetic packaging solutions to improve the productivity and shelf life of these products. This in turn, is anticipated to drive the growth of the Asia-Pacific cosmetic packaging market.
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The cosmetic packaging market is segmented on the basis of material type, product type, and cosmetic type. Based on the material type, the cosmetic packaging market is segmented into plastic, metal, glass, paper, and others. Plastic is expected to hold major market share based on material type. Easy molding, structuring, and designing capability of plastic makes them suitable choice to perform plastic packaging. Based on product type, the market is segmented into plastic bottles & containers, glass bottles & containers, corrugated boxes, tubes & sticks, caps & closure, metal containers, and others. Based on cosmetic type, the market is segmented into skin care, hair care, color cosmetics, deodorants, and others.
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· Market Coverage
· Market number available for – 2022-2028
· Base year- 2021
· Forecast period- 2022-2028
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
· Inc., and others
Asia-Pacific Cosmetic Packaging Industry Market Report Segment
By Material Type
- Plastic
- Metal
- Glass
- Paper
- Others
By Product Type
- Plastic Bottles & Containers
- Glass Bottles & Containers
- Corrugated Boxes
- Tubes & Sticks
- Caps & Closure
- Metal Containers
- Others
By Cosmetic Type
- Skin Care
- Hair Care
- Color Cosmetics
- Deodorants
- Others
Asia-Pacific Cosmetic Packaging Industry Market Report Segment
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
The Report Covers
- Comprehensive research methodology of the Asia-Pacific Cosmetic Packaging market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific Cosmetic Packaging market.
- Insights about market determinants which are stimulating the Asia-Pacific Cosmetic Packaging market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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