Asia-Pacific Cosmetic Packaging Market - By Type (Bottles, Tubes, Sticks, Pen Types, Roller Balls, Jars and others), Material (Plastic, paper, Glass, Metal and Others), Application, Country, Trends, Forecasts - (2017 - 2022)
The APAC cosmetic packaging industry market was worth USD XX.XX billion in 2017 and is projected to reach USD XX.XX billion by 2022 at a CAGR of 8.09% during the period 2017 - 2022. APAC will witness the fastest growth during the forecast period.
The cosmetic industry is highly consumer centric in terms of perceived value and aesthetic appeal and as such, packaging of these products impacts the market sales. Most of the packaging for cosmetic products is done with plastic, glass, and metal while others include paper. Plastic packaging leads the cosmetic packaging market with a share of 50-55% in 2017 while glass packaging has a dominant share in the fragrance market, a subset of the cosmetic packaging market.
Factors like growing beauty consciousness in the consumers, cosmetic products based on affordability and e-retailing are driving the market, while economic factors like the recession are a constraint for the high-end market. Cosmetics are FMCG products and as such, retailers have a great impact in identifying the brands that provide aesthetic appeal to the customers and placing the same in their limited shelf space. The perception of packaging by manufacturing companies has shifted from being a non-core activity to becoming an extension of their arm. With the dynamics of the cosmetic industry changing with the introduction of new products, packaging companies are going for innovations in designing and technological use to stay competitive.
Some of the key players in the Asia-Pacific cosmetic packaging market are:
Rieke Packaging Systems
The Packaging Company
Key Deliverables in the Study
Market analysis for the Asia-Pacific cosmetic packaging market, with region-specific assessment and competition analysis on the global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market share
Identification and analysis of the macro and micro factors that affect the Asia-Pacific cosmetics packaging market on both global and regional scale
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is growing and to also identify the regions that are still untapped