Skincare Packaging Market is projected to expand at a CAGR of 4.8% throughout the forecast period and is anticipated to be valued at around US$ 13.8 Bn by the end of 2018
Albany, NY -- (SBWIRE) -- 01/14/2019 -- The global skincare packaging market is analysed by Transparency Market Research to find opportunities and analyse future trends. The report titled "Skincare Packaging Market: Global Industry Analysis, 2013 – 2018 and Opportunity Assessment, 2019 – 2027" states that the increased premiumization of skincare products and advancement in printing technology is propelling the growth of global skincare packaging market. The global skincare packaging market is projected to expand at a CAGR of 4.8% throughout the forecast period and is anticipated to be valued at around US$ 13.8 Bn by the end of 2018.
The Demand for Anti-Aging Products Will Boost the Growth of the Skincare Packaging Market
Global hair care and skin care industries have witnessed strong growth over the past decade. Anti-aging creams, shampoos, and hair conditioners are some of the products driving the cosmetics demand. FMCG manufacturers in hair care and skin care segments are using laminated tubes as an effective skincare packaging solution instead of traditional plastic tubes. Laminated tubes not only provides an appealing look, but also imparts high barrier protection to the cosmetic products. Factors such as aging population, rising urban population, and increasing expenditure on beauty products are expected to fuel the growth of anti-aging products, and subsequently drive the demand for skincare packaging solutions during the period 2019 to 2027.
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Unique Skincare Packaging designs to differentiate the Brands of Cosmetics Products
Packaging is a silent salesman. Initially, packaging was just used for protection, storage, and convenient transportation of goods. Today, packaging is the major differentiating factor for skincare brands. Eye-catching designs and appealing graphic decoration on skincare packaging products such as jars, bottles, and tubes are propelling cosmetics sales. Skincare packaging help customers understand the product, its contents, and difference from competitor products.
Advancements in Material and Printing Technology Play a Vital Role in Skincare Packaging Market
3-D printing technology is driving the global skincare packaging sales. Advanced and most trending printing technologies such as hot-stamp foil printing and flexo-offset printing are enabling manufacturers to offer innovative and eye-catching skincare packaging for their cosmetic brands. Development in packaging materials and printing technologies have opened up various design trends for skincare packaging. Skincare packaging manufacturers prefer polypropylene films for premium skincare packaging owing to its high printability and enabling better packaging decoration.
Rising Demand for Airless Skincare Packaging
Airless skincare packaging is gaining traction across cosmetic manufacturers, as it prevents excessive exposure of the product to air and increases its shelf life. Also, the double wall of airless skincare packaging provides extra protection. Moreover, the low cost of production for skincare packaging is one of the key reasons that are attributed to influence cosmetic product manufacturers to adopt airless skincare packaging solutions.
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Global Skincare Packaging Market Volume is projected to Expand by 1.5X from 2018 to 2027
In the global skincare packaging market report, key players from different geographical regions with research and development, high production, and supply channel facility are profiled. Company overview, strategies to compete in the market, product lines, company revenue, and segmental share of key players in the skincare packaging market are evaluated in the competitive landscape. The key manufacturers operating in the global skincare packaging market include The Packaging Company, Swallowfield Plc, Smurfit Kappa Group PLC, Saverglass sas, RPC Group Plc, Rise Cosmetic Packaging Co., Ltd., Quadpack Ltd., Libo Cosmetics Company, Ltd., HCT Group, HCP Packaging, Gerresheimer AG, Fusion Packaging, Essel Propack Ltd., Coverpla S.A., Aptar Group, Inc., Amcor Limited, Alovey Cosmetic Packaging Co. Ltd., Albea S.A., and ABC Packaging Ltd.