Injection Moulding Cosmetic Packaging Market Forecast and CAGR
Injection moulding is one of the plastic moulding techniques. This technology is used to make a variety of shipping containers, industrial packaging, cosmetic items, household chemicals, and many sorts of closures, such as PET bottles or perfumes. The injection moulding cosmetic packaging market is set to witness a CAGR of 4.0% during 2021-2031.
What is Driving Demand for Injection Moulding Cosmetic Packaging?
Cosmetics are quite valuable, but they are also very perishable. It's important to note that the preservation of a packed product is dependent on the features of the packing material as well as suitable packaging, transport, storage, and distribution conditions.
Sustainably produced raw materials are being introduced into the cosmetics industry not only as cosmetic ingredients but also as packaging materials. The market is expanding due to a rise in cosmetic product use. As the demand for eco-friendly cosmetic packaging grows, customers anticipate sustainable packaging in cosmetics items.
Furthermore, the market is being driven by an increased focus on innovation and appealing packaging. Cosmetic firms are using novel packaging solutions such as recyclable plastic and compostable and biodegradable plastics in response to rising consumer demand for practical and user-friendly dispensing systems and products.
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Trends in Injection Moulding Cosmetic Packaging Likely to Augment Sales
To fulfill diverse packaging needs, cosmetic packaging comprises a range of glass and plastic cosmetic jars. The demand for skincare product packaging is increasing as there are a variety of packaging solutions for cosmetic products to fit diverse product forms and compositions.
Furthermore, injection moulding cosmetic packing sales are also being driven by technological advancements such as airless skincare packaging and 3-D printing technologies.
Advanced and prominent printing methods, such as hot-stamp foil printing and flexo-offset printing, are allowing manufacturers to create unique and eye-catching skincare packaging for their cosmetic brands, which is driving the injection molding cosmetic packing market forward.
Impact of Covid- 19 on Injection Moulding Cosmetic Packaging Market
The COVID-19 pandemic had a significant impact on the cosmetics industry. The pandemic had a significant influence on a number of businesses. For a period of time, the outbreak caused industrial operations to be disrupted.
Economic shocks had a considerably higher influence on beauty brands than other economic shocks or recessions. Changes in consumer purchase patterns, less discretionary spending, shop closures, and other demand and supply side variables all had a negative impact on beauty retail sales in the market.
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US and Canada Injection Moulding Cosmetic Packaging Market Outlook
As per the regional analysis in North America, the US account for a noteworthy share in the market. Ongoing health and sustainability trends that expand customer interest in personal care goods are some of the factors supporting the injection moulding cosmetic packaging industry's expansion in the region.
In addition, in accordance with the worldwide trend, the cosmetics market is seeing an increase in demand for premiumization. As a result, demand for innovative and premium packaging is increasing.
Skincare, on the other hand, is a need-based and high penetration category with items that produce regular and continuous usage, which serves to shield the category to some extent. Growing awareness of cleanliness and rising aspects such as self-care will drive demand for injection moulding cosmetic packaging in the United States and Canada.
Europe Demand Outlook for Injection Moulding Cosmetic Packaging
Some of the important factors driving market expansion in the region are the increasing usage of innovative technology for cosmetic packaging and the growing trends of skincare and beauty goods. In recent years, the European cosmetics market has been one of the fastest-growing sectors, owing to an increasingly engaged customer base. The selling of luxury cosmetic packaging increased significantly in the European market.
As a result, Cosmetics packaging manufacturers in the region are continuously investing in the creation of sustainable caps and closures, which will aid the entire industry's long-term success. Aptar Beauty + Home, for example, announced the debut of a dispensing cap in the European market in February 2019. This seal is made up of 50% post-consumer recycled resin (PCR), which will help the company maintain a stronghold in the steadily rising cosmetic packaging market.
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Who are the Key Manufacturers and Suppliers of Injection Moulding Cosmetic Packaging?
Some of the leading manufacturers and suppliers of injection moulding cosmetic packing include
- Dongguan Sincere Tech Co. Ltd
- Dejin plastic packaging
- LIBO Cosmetics Co. Ltd
- The Penthouse Group
- Berry Global Inc.
- Taizhou Eura Mould & Plastic Co. Ltd.
Injection Moulding Cosmetic Packaging Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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By Product Type
- Cosmetic Packaging Caps
- Plastic Compact Molding
By Material Type
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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