Global Cosmetic Packaging Market at CAGR of 4.3% and projected to reach $31.4 billion by 2020- By Packaging type, Region
" Cosmetic industry is highly consumer centric, in terms of perceived value, and aesthetic appeal and as such, packaging of these products impact the market sales.Most of the packaging for cosmetic productsis done with plastic, glass, and metal while others include paper. Plastic packaging leads the cosmetic packaging market with a share of 50-55% in 2014 while on the other hand; glass packaging has a dominant share in fragrance market, a subset of Cosmetic packaging market.
Supply – Demand Scenario:
The global cosmetic packaging industry market was worth $24.3 billion in 2014 and is projected to reach $31.4 billion by 2020, at a compound annual growth rate of 4.3%.
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Growth by Region:
North America has a market share of 30% while APAC will witness the fastest growth during the forecasted period.
Drivers vs. Constraints:
Factors like growing beauty consciousness in the consumers, segmented cosmetic products based on affordability, e-retailing are driving the market, while economic factors like recession are a constraint for the high end market. With Cosmetics being FMCG products, retailers have a great impact in identifying the brands that provide aesthetic appeal to the customers and placing the same in their limited shelf space. As such, perception of packaging by manufacturing companies has shifted from being a non-core activity to becoming an extension of their arm.
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Table of Content
Executive Summary
MARKET OVERVIEW
Overview
Industry Value Chain Analysis
Industry Attractiveness - Porter's 5 Force Analysis
Bargaining Power of Suppliers
Bargaining Power of Consumers
Threat from new entrants
Threat from subsititute products
Competitive rivalry within the industry
Industry Policies
MARKET DYNAMICS
Introduction
Drivers
Urbanization
Restraints
Recession
Opportunities
E-Retail
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