Bulk Packaging Market Global Trends, Size, Share and Forecast To 2025
Posted by sagark on November 9th, 2019
Bulk Packaging Market for Cosmetic Industry Overview
Bulk packaging for the cosmetics industry is referred to a tertiary level packaging which includes the holding of makeup and other products in high quantities for distribution of the same. Bulk packaging for cosmetic industry aids in the protection of products during transportation. It mainly protects the products against shocks, vibration, drops, and other natural factors. Cosmetic companies generally employ bulk packaging for the shipping of these products across both domestic and international borders. As per the latest report published on the website of Market Research Future (MRFR), the global bulk packaging market for cosmetics industry is anticipated to garner a revenue valuation of USD 12,060 million, registering 7.15% CAGR, by the end of the forecast period.
A change in consumer preferences is one of the primary factors leading to the ascension of the bulk packaging market for cosmetic industry. Rising per capita income of consumers is promoting higher level of disposable income, in turn, leading to an upsurge in the demand for cosmetics. Also, upscaling consciousness towards grooming and public appearances is fostering growth for bulk packaging for cosmetic industry on a large scale. Furthermore, growing demand for cosmetics such as skin care, hair care, and baby care products is also observed to have a positive impact on the global bulk packaging market for cosmetic industry.
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The global bulk packaging market for cosmetic packaging boasts a presence of various giant vendors including
July 2019: Berry Global recently announced the completion of their acquisition of RPC Group for approximately USD 6.5 billion. Such acquisition has resulted in a leading global supplier of value-added protective solutions and is now one of the world’s largest plastic packaging companies.
The bulk packaging market for cosmetic industry is studied for several segments based on product and material. Based on product, the global bulk packaging market for cosmetic industry is segmented into metal, plastic, paper, and paperboard. Among these, the plastic segment is expected to spearhead the global bulk packaging market for cosmetic industry owing to several benefits associated with the material, as compared to other materials. These benefits include cost efficiency, lightweight, and high corrosion resistance.
Based on product, the global bulk packaging market for cosmetic industry is segmented into drums, pails, shipping sacks, bulk boxes and material handling containers. Among these segments, the global bulk packaging market for cosmetic industry is led by the pails segment over the forecast period. Such domination can be attributed to their performance and higher cost-effectiveness as compared to other types of bulk packaging.
Detailed Regional Analysis
The global bulk packaging market is studied for the regional segments of North America, Asia Pacific, Europe, and the Rest of the World. Asia Pacific held the largest share, at 37.50%, of the bulk packaging market for cosmetic industry at the beginning of the forecast period. Europe held the second-largest share of the global bulk packaging market for cosmetic industry in the base year, followed by North America.
Asia Pacific is expected to retain such dictation in the global bulk packaging market for cosmetic industry over the forecast period. This can be owed to the expanding product lines for cosmetic products based on e-retailing and affordability. Further, a rise in the disposable income of consumers, coupled with a rise in the number of manufacturing facilities for cosmetics in the APAC region is promoting sizeable growth in the bulk packaging market for cosmetic industry.
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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