The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Cosmetic Bottle Packaging Market. The growth sectors of the Cosmetic Bottle Packaging Market are identified with precision for a better growth perspective.
As per the analysis by Market Research Future Reports (MRFR), the global cosmetic bottle packaging market is estimated to value USD 39 billion, with a CAGR of 4.5% during the forecast period. The global cosmetic bottle packaging market 2020 is very competitive. The market is influenced by climatic conditions and long-term air quality.
The most significant players of the global cosmetic bottle packaging market are Unette Corporation (U.S.), Albea Group (Luxembourg), Amcor Ltd. (Australia), CCL Industries (Canada), Sinclair & Rush, Inc. (U.S.), Sonoco Products Company (U.S.), Essel Propack Ltd (India), Montebello Packaging (Canada), Huhtamaki (Finland), World Wide Packaging LLC (U.S.), and a few more.
A US-based company called Procter & Gamble Beauty has announced that Old Spice and Secret Brand deodorants will be introduced in the U.S. Walmart stores in plastic-free, all-paper, and tube packaging.
The global cosmetic bottle packaging market can be segregated on the basis of application, material, and region.
On the basis of application, the global cosmetic bottle packaging market can be classified into haircare, skincare, cosmetics, bath and shower, and others.
On the basis of material, the global cosmetic bottle packaging market can be classified into glass, plastic, metal, and others.
On the basis of region, the global cosmetic bottle packaging market can be classified into Europe, North America, Asia-Pacific, and others. COVID-19 Impact
The global cosmetic bottle packaging market can be classified into Europe, North America, Asia-Pacific, and others. As per the analysis, the APAC region holds the maximum market share and is anticipated to maintain its position in the market. There has been a change in the lifestyle of the people living owing to the rise in disposable income and economic growth of the region. The emerging economies like India, China contribute significantly to the expansion. The Chinese cosmetic bottle packaging market is estimated to open gates for opportunities in the forthcoming period. The APAC region is likely to expand at a fast pace due to rapid industrialization. The region is likely to experience substantial investment in research and development of personal care items to favor the financial advancement and improving the standards of living. The North America and Europe market are likely to contribute significantly to the expansion of the cosmetic bottles packaging market owing to the increasing requirement and demand for luxury products.
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