Asia-Pacific cosmetic packaging market is anticipated to showcase considerable CAGR of 5.6% during the forecast period (2021-2027). With the growing cosmetic industry across the region, the cosmetic packaging providers across the Asia-Pacific are making conscious efforts to generate huge revenue by delivering required packaging solutions to the cosmetic manufacturers. For this purpose, they are adopting different growth strategies such as production capacity expansion, product innovation, new product launches, and mergers & acquisitions among others to remain competitive in the marketplace. For instance, in January 2020, Albéa Group has announced to open its new plant in Huai’an, China.
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This new facility at Huai’an, China will serve as the centre of excellence for the manufacturing of metal parts for Albéa’s cosmetic and skin care packaging. The plant will expand in steps to eventually include state-of-the-art injection, decoration and assembly. Through this new facility expansion, the company intends to capitalize money on the growing e-commerce opportunities.Further on December 2019, Shiseido Co., Ltd. announced its plans to open two more cosmetic production facility in Japan before 2022 with a total investment of $1,138 billion. The opening this facility will further create the demand for packaging solutions which in turn will drive the market growth.
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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.
Asia-Pacific 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.)
