Global Bulk Packaging Market for Cosmetics Industry Information by Material Type (Plastic, Metal, Paper & Paperboard, and others), By Product Type (Pails, Drums, Bulk Boxes, Shipping Sacks, Material Handling Containers, and others) and By Region – Forecast To 2023
Bulk packaging for cosmetics is essentially a tertiary level packaging which includes containment of makeup and other personal care products in bulk quantities for distribution purposes. Such packaging protects the product during transportation from vibrations, shocks, drops and natural factors such as rain, wind, and dust.
The major driver for the growth of the bulk packaging market for cosmetics industry is the change in the consumer tastes and preferences. Due to the rising affluence and the growing consciousness about grooming and appearance, among individuals, the potential of the cosmetics market is growing, which is further driving the growth of the market. The market is also driven by the increasing aging population. However, the growth of this market is expected to be restrained by the stringent regulation on packaging material waste and recycling.
The bulk packaging market for cosmetics industry is expected to reach a market size of USD 10666.17 million by the end of 2023. The market is expected to grow with 5.14% CAGR.
Regional Analysis of Global Bubble Wrap Packaging Market
The Asia-Pacific region is the fastest growing region for the bulk packaging market for cosmetics industry owing to factors such as expanding product lines for cosmetic products based on affordability, and e-retailing are driving the demand of bulk packaging for cosmetics market. The market is expected to grow with 5.70% CAGR. The growth will be followed by Europe region.
The key players of global bulk packaging market for cosmetics industry report include Berry Plastics Group, Inc. (U.S), BWAY Corporation (Georgia), Georgia-Pacific LLC (U.S.), Greif incorporated (U.S), Mauser Group B.V. (Germany), Menasha Corporation (U.S.), Rehrig Pacific Company (U.S.), Remcon Plastics, Inc. (U.S.), SchoellerAllibert (Netherlands), Westrock Company (U.S.) and others.
The report for Global Bulk packaging market for cosmetics industry of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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