Acumen Research and Consulting, a global provider of market research studies, has recently published a report titled “Cosmetic and Personal Care Packaging Equipment Market (By Product: Filling, Labeling, Cleaning, Form-fill-seal, Cartooning, Wrapping, Palletizing; By Application: Skin Care, Decorative Cosmetics, Hair Care, Perfumes, Bath & Shower) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 – 2026” offers detailed insights of the market entailing insights on its different market segments.
The global cosmetic and personal care packaging equipment market size is poised to reach around US$ 5.5 Bn by 2026 with a CAGR of around 5.3% over forecast period 2019 to 2026.
The cosmetic and personal care packaging is the packaging of the beauty and health products to store and protect them from damage or contamination during storage and transportation. Different machine utilized for the packaging of cosmetic and personal care packaging like equipment for filling, marking, cleaning, wrapping, and palletizing. Generally the cosmetic packaging market is a developing sector that has different stakeholders like processors, raw material providers, packaging makers. As the market for corrective items is developing, organizations in the restorative packaging industry are attempting to extend their item portfolio. Appropriate and proficient packaging is vital as far as kinds of makeup and personal care items.
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In October 2019, Berlin Packaging took over Novio Packaging. The takeover helps Berlin Packaging’s European plastic contribution and upgrades its mastery in close to home consideration, food, drug, and sports nourishment regions, and extends its essence in northern Europe. In September 2019, GenNx360 Capital Partners consented to an organization arrangement with Schneider Packaging Equipment Company, Inc., an architect and producer of end-of-line packaging gear, chiefly palletizing and computerized case pressing hardware. The organization serves its packaging gear to individual consideration, dairy, food and refreshment, drug, paper, and plastic ventures.
The digital business market has flourished recently, particularly in developed regions. The need of packaging for online business varies from customary retail outlets as it requires more assurance. The rising need for reasonable answers for provide packaging is expected to drive the market development during this time frame.
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Market Segment Analysis
On the basis of products, the worldwide cosmetic and personal care packaging market has been bifurcated into the filling, labeling, cleaning, form-fill-seal, cartooning, wrapping, and palletizing. In 2018, the filling machine represented the biggest portion of the market. This can be ascribed to its low upkeep costs, superior, and easy to use properties. Aseptic filling machines are relied upon to acquire a foothold in the market as they offer execution advantages and consistency in item quality which is required to help the section development during the estimated time frame.
Depending on the application of packaging, the market is partitioned into skincare, embellishing beautifying agents, haircare, fragrances, and shower and shower. The skincare section represented the biggest portion of the market in 2018. This can be ascribed to expanded interest against maturing cream and serums in the more youthful age to stay away from skin break out, early indications of maturing, and bluntness in the skin. Buyer shift towards normal skin health management items and supportable packaging material are required to keep up the skincare packaging section strength during the figure time frame.
Notwithstanding, packaging for hair care items is expected to notice the quickest development during the figure time frame because of rising interest for hair care items and the presence of modern items by global organizations on the lookout. Expanding contamination, undesirable way of life and dietary patterns, and developing pressure are the key components liable for the thinning and turning gray of hair in a youthful age. Consequently, the interest for hair care items is expected to grow at a critical rate.
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North America dominated the global cosmetic and personal care packaging equipment market in 2018. This can be attributed to high awareness about cosmetics and personal care products, local presence of many multinational beauty companies such as L’Oreal, MAC Cosmetics, Revlon, and Avon.
The Asia Pacific region is anticipated to observe significant growth during the forecast period due to the population growth, flourishing economies, increasing automation of manufacturing, rise in average wealth of people, and a rising interest in health and wellness.
Key players operating in the cosmetic and personal care packaging equipment market are Bosch Packaging Technology, Inc., Prosy’s Innovative Packaging Equipment, IMA Industrial Machine Automatic SpA, AMET Packaging, Inc. (acquired APACKS), Marchesini Group S.p.A., and Wimco Ltd. Multinational companies’ products comply with the regulations is expected to drive market growth during the forecast period.
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