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July 27, 2020, 7:36 a.m. EDT

Global Cosmetic and Toiletry Containers Market Report with forecast upto Including the Impact of Covid: SKS Bottle & Packaging Inc., Albea S.A., Gerresheimer Holdings GmbH, Silgan Holdings, APC Packaging, RPC Group Plc, Amcor Plc

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Jul 27, 2020 (Market Insight Reports) -- The cosmetic & toiletry containers market is forecasted to reach a CAGR of 5.4% during the forecast period (2020 – 2025). In developing countries, demographic factors like rising disposable income or urbanization as well as a change in legislation are impacting product consumption and consumers are slowly moving away from single-use flexible plastic and increasingly adopting HDPE bottles and squeezable plastic tubes. Also with consumers increasingly aware of the impact of packaging globally, brand owners are more and more active in offering greener packaging. From using recycled plastics to lighter packaging, compressed deodorants, refill pouches, many initiatives show that the packaging manufacturers and brand owners are going toward more sustainability.

– Growing popularity in the beauty market, along with the changing scenario of beauty retail distribution, is expected to contribute to significant demand for the market. According to FranchiseHelp, in the beauty industry, the number of employees in the service segment is expected to increase by 10% for barbers, hairdressers, cosmetologists, and by almost 22% for massage therapists by 2024. North America drives the cosmetic packaging industry due to a high number of prominent vendors. According to Vogue Business, due to the raised awareness about the importance of skincare and the rising number of men purchasing skincare products, this market segment continues to grow and also skincare sales grew by 5% in the first quarter of 2019 and facts from the beauty industry in the United States refers that revenue reached USD 1.4 billion in 2019.

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– Increasing online penetration to enhance greater visibility of international brands across the world drives the market. Prominent manufacturers of these cosmetic and toiletry containers are mostly China-based and they majorly distribute cosmetic and toiletry containers through Alibaba Group Holding Limited, a Chinese conglomerate specialized in e-commerce and retail. Some of the other online retailers apart from Amazon are SavvyHomemade, LightInTheBox, The Container Store Inc., and AliExpress.

– Fluctuation in the rate of raw material will restrain the market to grow. The price of plastics is volatile because it depends heavily on the price of oil, and presently, a high rate of cosmetic and toiletry products are being stored in plastic containers.

Top Leading Manufactures-

SKS Bottle & Packaging Inc., Albea S.A., Gerresheimer Holdings GmbH, Silgan Holdings, APC Packaging, RPC Group Plc, Amcor Plc, FusionPKG, Libo Cosmetics Co., Ltd., Jixiang Forever Packaging Co., Ltd, B & I Polycontainers Pty Ltd, Amcor Plc

Market Scenario

Plastic Container Holds the Significant Share in The Market

– Toiletries which are consumer products are used for personal hygiene and also for beautification. The largest segments in the toiletries market contain Lotions (including sunscreens), Hair preparations, Face creams, and Perfumes where the demand for plastic usage for the container is higher due to superior resistance to breakage, in both production and transportation.
– Some types of plastic bottles are incompatible with a specific kind of toiletries. GoToobs are the desired choice for travel toiletry bottles for their soft silicone material, flip caps, and suction cups that one can stick onto the wall of the shower. Its BPA is free and easy to clean. Also, Pitotubes are best for things that won’t clot and won’t be difficult at high pressures. These bottles are in a number of sizes but are typically in 0.5 ounces or 1-ounce bottles.
– Moreover, Nalgene bottles are finest for slightly runny liquids like shampoo and lotion. Anything firmer, like gels and creams, performs best in the Nalgene tubs. These are highly preferred in the united kingdom.
– According to the UK’s Office for National Statistics, the median disposable household income in the U.K. was about USD 33,787 in the fiscal year 2017. This suggested an increase of 2.3% from the previous year and the sales of perfume and toiletries increases on a yearly basis.
– Also, according to UK’s Office for National Statistics, average weekly household expenditure on toiletries and soap in the United Kingdom under age 50 – 64 is GBP 2.8, and under the age of 30 – 49 is GBP 2.7 in 2018. This rate is increasing with the increasing demand for toiletry products by which they raise of plastic containers in this region is increasing.

Browse the Full report description and TOC at:

https://www.marketinsightsreports.com/reports/01091746353/cosmetic-toiletry-containers-market-growth-trends-and-forecast-2020-2025?Mode=21

Asia-Pacific Account for Significant Market Growth

– Asia-Pacific is accounted for significant growth in the coming years. The growing trend of various home-based skincare products developed mainly by young beauty supporters is one of the significant factors for driving the market of cosmetic and toiletry containers in the region.
– According to the National Bureau of Statistics of China, Chinas skincare-products market is becoming more high-end. Though the retail sales value of high – end skincare products was however below that of mass-market alternatives in the year 2018, the market share of the skincare products has risen gradually to 32% in 2018 from 25.3% in 2013. Consumers are favoring major international brand skincare products and this factor is rising the demand for cosmetic containers at the production site to export the finished goods in this region.
– Moreover, according to statistics from NMPA (National Medical Products Administration), which is now under SAMR (State Administration for Market Regulation), there were 4,933 enterprises licensed to manufacture cosmetics in China at the end of June 2019. Domestic brands are mostly concentrated in the mid- to low-end market segments, while joint ventures and enterprises with foreign investment dominate the high-end segment.
– Moreover, according to the Indian Brand Equity Foundation in 2017, Indias rural per capita disposable income was estimated to increase and reach USD 631 by 2020 with a CAGR of 4.4%. This rate of increment shows a high growth of demand for cosmetics and toiletries products in the future which will increase the growth of the market.

What are the market factors that are explained in the report?

- Key Strategic Developments : The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

- Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

- Analytical Tools: Global Cosmetic & Toiletry Containers Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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