European cosmetic packaging market is anticipated to showcase considerable CAGR of 2.6% during the forecast period (2021-2027). With the growing cosmetic industry across the region, the cosmetic packaging providers across the Europe are making conscious efforts to generate huge revenue by delivering required packaging solutions to the cosmetic manufacturers. For this purpose, they are adopting different strategic growth activities such as production capacity expansion, product innovation, joint venture, and mergers & acquisitions among others to remain competitive in the marketplace. For instance, in January 2020, Induplast SpA had done acquisition of Vedano Olona (Varese)-based Verve SpA that engages in production and distribution of bottles, tottles and jars.
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With this acquisition, Induplast SpA will be able to offer customers with the increased production technologies of injection molding, blow molding and stretch blow molding, with an expanded catalog of packaging products and distribution channels, across three production and logistic sites, plus a modern workshop for the creation of molds. Furthermore, in March 2019, ACME Cosmetic Components and Dr. Franke GmbH & Co. KG had formed a European joint venture to produce and market its range of metal packaging for the color cosmetics industry. The forming of such joint ventures in Europe is anticipated to drive the cosmetic packaging market across the region.
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Market Coverage
· Market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered-
· By Material Type
· By Product Type
· By Cosmetic Type
· Competitive Landscape- Amcor PLC, DS Smith PLC, Graham Packaging LP, Hcp Packaging Co., Ltd., Cosmopak Corp.
European Cosmetic Packaging Industry Market Report Segment
By Material Type
· Plastic
· Metal
· Glass
· Paper
· Others
By Product Type
· Plastic Bottles & Containers
· Glass Bottles & Containers
· Corrugated Boxes
· Tubes & Sticks
· Caps & Closure
· Metal Containers
· Others
By Cosmetic Type
· Skin Care
· Hair Care
· Color Cosmetics
· Deodorants
· Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
