Cosmetic Packaging Market Poised to Grow Beyond USD 32.53 Billion by 2023
Growing demand for Affordable cosmetic products has played a major role in driving the Cosmetic Packaging Market worldwide.
Pune, Maharashtra -- (SBWire) -- 01/30/2018 --Infinium Global Research has added a new report on Global Cosmetic Packaging Market Trends Analysis and Forecast 2023. According to the study the global market size of cosmetic packaging in 2016 was worth USD 23.63 billion and it is projected to reach to USD 32.53 billion in 2023, expanding at a CAGR of 4.6% over the period of 2016 to 2023.
Asia-Pacific region accounted for the largest market size among the regions with $ value of over 7.7 billion in 2016, while North America and Europe are likely to surpass USD 18 billion mark in 2023. Growing demand for Affordable cosmetic products has played a major role in driving the Cosmetic Packaging Market worldwide. Similarly factors such as increasing demand in Asia-Pacific region& rise in E-retailing worldwide, are some of the important factors responsible for the growth of Cosmetic Packaging Market.
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Furthermore, significantly increasing investment in Research & Development by leading players such asAmcor Ltd., HCP, Inc. &Libo Cosmetics Company, Ltd. are expected to drive the Cosmetic Packaging Market worldwide. Growing importance of cosmetic packagingin marketing and promotion campaigns over the forecast period is expected to boost the demand for cosmetic packaging across the world. This is expected to accelerate the revenues of the existing players in the market.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand globally as well as regionally. Moreover, Infinium Global Research- Growth Matrix (IGR- Growth Matrix) given in the report brings an insight on the investment areas that existing or new market players can consider.
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The report provides insights into the market using analytical tools such as Porter's five forces analysis and value chain analysis of Cosmetic Packaging Market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the Cosmetic Packaging Market that will impact the demand during the forecast period.The report presents analysis of global as well as regional markets of Cosmetic Packaging Market over the period of 2017 to 2023.The competitive analysis given in each regional market brings an insight on the market share of the leading players.The companies covered in the report include Amcor Ltd., HCP, Inc., Brimar packaging, Inc., The Packaging Company, Libo, Cosmetics Company, Ltd., Collcap Packaging, Ltd., HCT Packaging, Crown holding, Inc., Gerresheimer AG.
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Reasons to buy this report
Comprehensive analysis of global as well as regional markets of Cosmetic Packaging Market.
Complete coverage of all the type, form, processing, and application segments to analyze the trends, developments, and forecast of market size up to 2023.
Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
Infinium Global Research- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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