Leeds, UK -- (SBWIRE) -- 07/17/2019 -- Alarming environmental conditions, legal enforcements towards using bio-degradable packaging materials over hazardous conventional materials in various countries, increase in demand and supply of cosmetic and skin care products, and the advent of 3D printing for superior branding schemes, are the key market drivers of the biodegradable cosmetic packaging market. The global biodegradable cosmetic packaging market is estimated to outstrip the global value of $7 billion by 2026 end.
The cosmetic packaging requires both primary packaging for containment and safety of the cosmetic product and secondary packaging for the brand perception. The biodegradable cosmetic packaging can be in the form of bottles, pouches, jars, tubes and containers. Biodegradable packaging material is derived from organic sources like corn-starch/soya, refined mineral ores of aluminium and rust free metals like silver as these substances can easily be decomposed in a nature-friendly way, minimize the efforts of waste management and reduce the landfills issue. Sustainable biodegradable cosmetic packaging materials will draw substantial traction in the global biodegradable cosmetic packaging market in coming years.
Global Biodegradable Cosmetic Packaging, by Product Type
- Bottles
- Pouches
- Jars
- Tubes
- Containers
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Global Biodegradable Cosmetic Packaging, by Material
- PIR (Post-Industrial Recycled)
- PCR (Post-Consumer Recycled)
- Paperboard
- Others
Sustainable packaging options like PIR and PCR are trending as it saves the significant cost of manufacturing the structured packaging from scratch apart from reducing the carbon footprint. Although PCR may not be perceived as a major segment enabling cost saving as compared to PIR, it for sure provides a significant mileage as a market differentiator. PIR is anticipated to continue gaining rapid market share followed by PCR during the forecast period, 2019-2026. In lieu of green product purchasing trend, PCR might soon become a novel genesis for market entry.
Global Biodegradable Cosmetic Packaging, by Region:
- Europe
- North America
- APAC
- Latin America
- Rest of World
Global Biodegradable Cosmetic Packaging market is dominated by North America and Europe region due to high penetration over the general population. U.S. account major share in the North America market and Europe is dominated by UK, France and Germany due to high awareness and demand for green products. The Asia Pacific & Lain America regions have created a potential opportunistic space for manufacturers due to the increasing importance of environmental protection. Countries such as China, Japan and India, promote the use of biodegradable materials and there is an increase in initiatives by the governments promoting the use of sustainable packaging materials. Rest of the world is expected to account a notable share in the global biodegradable cosmetic packaging market due to progressing adoption.
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Competitive Landscape:
- Tier 1 players- established companies in the market with a major market share
- Tier 2 players
- Emerging players which are growing rapidly
- New Entrants
FutureWise Takeaways
- Growth prospects
- SWOT analysis
- Key trends
- Key data-points affecting market growth
Objectives of the Study:
- To provide with an exhaustive analysis on the global biodegradable cosmetic packaging, by product type, by material, by end-user, and region
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
- To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
- Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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