The global bulk packaging market is expected to exhibit a strong 7.15% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global bulk packaging for cosmetics market is expected to reach a valuation of more than USD 12 billion by 2025, according to the MRFR report.
The report presents a detailed analysis of the historical growth trajectory of the global bulk packaging for cosmetics market and the present statistics of the market. Based on this database, future projections are made for the global bulk packaging for cosmetics market’s likely growth trajectory over the forecast period from 2019 to 2025. The major drivers and restraints affecting the global bulk packaging for cosmetics market are profiled in detail in the report. Major players operating in the global bulk packaging for cosmetics market are also profiled in detail in the report, giving readers a clear overview of the competitive landscape of the market. The impact of the COVID-19 pandemic on the global bulk packaging for cosmetics market is also examined in detail in the report.
Bulk packaging for cosmetics is used to transport cosmetics over long distances. The high resistance offered by bulk packaging for cosmetics to environmental factors such as moisture is the major driver for the global bulk packaging for cosmetics market. The chemical composition of cosmetic products is highly susceptible to damage from water or direct sunlight. Long-term exposure to environmental pollutants can change the formulation of cosmetics, making them useless or even toxic to end users. This has led to a growing demand for bulk packaging for cosmetics over the last few years in order to protect cosmetic formulations during long-distance transportation.
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Product innovation in bulk packaging for cosmetics is also likely to be a major driver for the global bulk packaging for cosmetics market over the forecast period. Product innovation in bulk packaging for cosmetics has led to the development of several varieties of bulk packaging that can protect cosmetic formulations more effectively and keep them away from sunlight, infrared radiation, and moisture, among other factors. This is likely to remain a key driver for the bulk packaging for cosmetics market over the forecast period.
The growing popularity of cosmetic products is likely to be a major driver for the global bulk packaging for cosmetics market over the forecast period. Growing awareness about the importance of keeping the skin and hair free from the effects of air pollution and increasing solar radiation is likely to be a major driver for the cosmetics industry over the forecast period. The growing disposable income of the female demographic is also likely to be a major driver for the cosmetics industry over the forecast period, as women are usually major users of cosmetics. In addition, men are also becoming major users of cosmetics in recent years due to the growing product innovation, leading to the development of male-specific cosmetic products. The growing consumption of cosmetic products is thus likely to be a major driver for the global bulk packaging for cosmetics market over the forecast period.
Competitive Leaderboard:
Leading players in the global bulk packaging for cosmetics market include Westrock Company, Schoeller Allibert, REMCON Plastics Inc., Rehrig Pacific Company, Menasha Corporation, Greif, Georgia-Pacific, BWAY Corporation, and Berry Global Inc.
Segmentation:
The global bulk packaging for cosmetics market is segmented on the basis of material, product type, and region.
- By material, the global bulk packaging for cosmetics market is segmented into plastics, metals, paper and paperboard, and others. The plastics segment dominates the global bulk packaging for cosmetics market due to its high resistance to corrosion, moisture, and other pollutants.
- By product, the global bulk packaging for cosmetics market is segmented into pails, drums, bulk boxes, shipping sacks, material handling containers, and others.
Regional Analysis:
Asia Pacific holds the largest share in the global bulk packaging for cosmetics market and is likely to retain the dominant share over the forecast period. Europe is second largest regional market for bulk packaging for cosmetics, followed by North America.
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