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Cosmetic Packaging Equipment Market Global Trends, Market Share, Industry Size, Growth
The advent of cloud-based systems and other technological advancements have altered the radical concept of cosmetic packaging equipment and packaging assembly lines. The rise in demand for easy to dispense containers that also facilitate the appropriate amount of product, as well as the aesthetics of a product, has shaped the cosmetic packaging equipment trends affirmatively. The automation and integration of the cosmetic packaging equipment provide with tangible benefits like minimal wastage during packaging, reduced accidental hazards, enhanced brand perception, reduced cost, time and effort as compared to traditional packaging methods.
Global Cosmetic Packaging Equipment Market Facts and Figures
Owing to the above demands and competitive opportunities, the global cosmetic packaging equipment market is estimated to register at a CAGR of 6.2% during the forecast period of 2019-2026. According to the in-depth analysis by FutureWise, the overall global market value is foreseen to surpass $ 5 billion by 2026 end.
Key Expansions and Acquisitions in Cosmetic Packaging Equipment
Olcott Plastics, a well-known supplier of packaging products to the beauty and healthcare sectors was recently acquired by Pretium Packaging backed by Genstar capitals.
Principal provider of cosmetic packaging components, plastic tubes, and formulation/filling machinery i.e. World Wide Packaging LLC, was purchased in April 2019 by Bain Capital Private Equity. Bains is also planning to take over a Chinese cosmetics packaging manufacturer. Thus mergers of these three entities are forecasted to present fair competition as a fully integrated solutions provider.
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Global Cosmetic Packaging Equipment, by Machine Type:
• Form/Fill/Seal Machinery
• Wrapping Machinery
• Labelling Machinery
• Test and Detection Machinery
• Laminating and Delaminating Machinery
• Packaging Machinery Accessories
• Closing Machinery
Form/fill/seal machinery segment remains the major revenue generator among other cosmetic packaging equipment machine types. The versatile package forming ability, facility to fill both wet/dry products and capacity to seal the niche looking packaging are the major features that would continue to fuel the upward CAGR trends for this segment in the coming years. Form/fill/seal machinery coupled with innovative real-time vision inspection techniques is expected to drive the positioning of market players during the forecast period.
Global Cosmetic Packaging Equipment, by Product Type:
Global Cosmetic Packaging Equipment, by Material Type:
Paper is lightweight, easy to mould and bio-friendly, hence it remains the segment leader amongst the material type segmentation and expected to grow at an impressive CAGR in the near future. Apart from recycling benefits, the novelties to increase the barrier properties of paper and the use of 3D printing for branding would be major trends for years to come.
Global Cosmetic Packaging Equipment, by Region:
• North America
• Latin America
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• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global cosmetic packaging equipment based on machine type, product type, material, and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and overall market
• To predict market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future.
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Phone: +44 141 628 9353 / +1 970 279 4295
Country: United Kingdom
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