APEJ to Show High Potential for Growth of Cosmetic Tubes During the Forecast Period; Plastic Material in High Demand for Cosmetic Tubes Manufacturing
Several categories in cosmetics such as skin glossing, skin care, makeup, hair care etc., have generated huge prospects for growth along with many opportunities for investment in the cosmetic packaging sector. Significant changes in the dynamics of the global market in the field of cosmetic packaging has forced several manufacturers and key players involved in the cosmetic packaging industry to develop innovative ideas and offerings. Cosmetic tubes are one of the innovative ideas that have a multifold advantage. They can be used to store cosmetics, they protect the inner product owing to double packaging layers, namely primary and secondary, they are used to transport the product to the market or the end user and they can be used to market the cosmetic product, create brand name and image and display necessary information about the product such as pricing, contents, expiry date etc. Apart from the benefits of cosmetic tubes, factors such as rising young population, growing awareness of various cosmetic products and brands, new innovations in products enhancing their performance, use of growing social media to create awareness and reach the target audience, celebrity endorsements to increase the rate of penetration of a particular cosmetic brand, trend of economic packaging, leak-proof and light weight improving handling and availability in different volumes are driving the growth of the global market for cosmetic tubes. However, large quantity of preservatives to conserve the product is a major restraint to the growth of the global market for cosmetic tubes. Also, mold formation due to condensation of water on the lid is a major challenge to the growth of the market.
Cosmetic Tubes Market
Global cosmetic tubes market research study focuses on various opportunities, trends, driv...
The exhaustive research report on “Cosmetic Tubes Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)” by Future Market Insights unveils various facets of the global cosmetic tubes market which can be used to grasp opportunities with a view to expand in the future. According to this report, the global cosmetic tubes market is expected to grow at a moderate CAGR of 4.8% throughout the period of assessment, 2017-2022.
4 Key Highlights on Global Cosmetic Tubes Market
By application category, the make-up segment is the most lucrative segment from an investment point of view. This segment is anticipated to grow at the highest CAGR of 6.7% throughout the period of assessment and poised to gain high BPS by the end of the assessment period
The skin care segment in the application category is the largest segment in terms of value share. However, this segment is projected to grow at a slower pace in the coming years. In 2017, this segment led the market global market by reflecting a market share of more than 32% and this trend is expected to continue over the period of forecast
50-100 ml segment in the capacity type category is highly attractive and the largest segment in terms of market share. This segment is anticipated to register a high CAGR during the assessment period
Asia-Pacific excluding Japan (APEJ) region is the largest among others and provides several opportunities to manufacturers and distributors of cosmetic tubes. The main aspect boosting the growth of cosmetic tubes in this region is the growing young population and increasing disposable income. The APEJ cosmetic tubes market is projected to register a CAGR of 5.9% throughout the period of assessment, 2017-2022, followed by North America and Europe.
Global Cosmetic Tubes Market: Competitive Assessment
The global cosmetic tubes market research report has included details of several key players operating in this market. IntraPac International Corporation, Hoffmann Neopac AG, Tubopress Italia SPA, Huhtamaki Oyj, Berry Global Group, Inc., LINHARDT GmbH & Co. KG., Montebello Packaging, CCL Industries Inc., Essel Propack Limited and Albéa Beauty Holdings S.A are profiled in this research report.
For more insights into the global cosmetic tubes market, write in to Future Market Insights analysts at [email protected].
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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