05.28.15
In its new forecast, Visiongain says the global cosmetics packaging market will exhibit steady growth from 2015 through 2025 - and here's why.
The major driving factors of the cosmetics packaging industry include the growing beauty conscious population in the emerging economies where people are constantly seeing increases in disposable incomes.
Aging population is calling for increasing demand for anti-aging cosmetic products, as well as more user-friendly cosmetics packaging. Men are more conscious about their looks, driving the male grooming cosmetics market. Furthermore, increasingly busy lifestyles are requiring more convenient packaging for cosmetics, making packaging an increasing value-add to cosmetic products.
The skin care cosmetics packaging submarket will see the fastest growth among the applications submarkets driven by the ongoing anti-aging, male grooming and premiumisation trends in the cosmetics market.
Packaging Materials
Plastics will see the strongest growth in the next decade, according to Visiongain. Plastics are cost-effective, perform well, offer reliable protection, color versatility, flexibility and easy transportation.
Global Market Growth
Visiongain says China will take the leading position of the US in the cosmetics packaging market by 2025, and India will exhibit the most significant growth in the forecast period.
Limitations & Challenges
Being 'green' can be a challenge, especially for luxury brands - and both retailers and consumers are demanding the use of more sustainable packaging materials.
The major driving factors of the cosmetics packaging industry include the growing beauty conscious population in the emerging economies where people are constantly seeing increases in disposable incomes.
Aging population is calling for increasing demand for anti-aging cosmetic products, as well as more user-friendly cosmetics packaging. Men are more conscious about their looks, driving the male grooming cosmetics market. Furthermore, increasingly busy lifestyles are requiring more convenient packaging for cosmetics, making packaging an increasing value-add to cosmetic products.
The skin care cosmetics packaging submarket will see the fastest growth among the applications submarkets driven by the ongoing anti-aging, male grooming and premiumisation trends in the cosmetics market.
Packaging Materials
Plastics will see the strongest growth in the next decade, according to Visiongain. Plastics are cost-effective, perform well, offer reliable protection, color versatility, flexibility and easy transportation.
Global Market Growth
Visiongain says China will take the leading position of the US in the cosmetics packaging market by 2025, and India will exhibit the most significant growth in the forecast period.
Limitations & Challenges
Being 'green' can be a challenge, especially for luxury brands - and both retailers and consumers are demanding the use of more sustainable packaging materials.
