The Global Cosmetic Packaging Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The global cosmetic packaging market size was estimated to be US$ 30 billion in 2019 and expected to reach US$ 48 billion by 2030 at a CAGR of 4.5%. Cosmetic packaging refers to the primary layer of packaging of cosmetic products such as cans, tubes, pouches, bags, jars. Businesses have been observed to advance toward manufacturing items in a recyclable and eco-friendly packaging, because of the rising ecological concerns among the customer base. The increasing demand for cosmetics from the young population that is on the rise, is driving the growth of the market. Innovation in packaging is the key to attracting new consumers, which is acting as a new opportunity for the Cosmetic Packaging manufacturers.
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