What is Cosmetic Bags Market?
Cosmetic bags, also known as vanity kits, vanity bags or as vanity cases are the bags designed for the purpose of carrying toilet articles and cosmetics while traveling or even otherwise. It can be used to carry makeup equipment safely and also designed to keep cosmetics and makeup conveniently arranged. The factors such as Portability and Convenience are the Best Benefits of Makeup Bags and Increased Disposable Income of the People are driving the global cosmetic bags market
The market study is being classified by Type (High-grade, Mid-grade and Low-grade), by Application (Personal Usage and Commercial Usage) and major geographies with country level break-up.
Chanel (France), Forever 21 (United States), H&M (Sweden), Kate Spade New York (United States), L.L.Bean (United States), MAC Cosmetics (Canada), SEPHORA COLLECTION (France), Tumi Inc. (United States), Vera Bradley Sales, LLC (United States) and Victoria's Secret (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Ulta Beauty, Inc. (United States) and Sephora (France).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Cosmetic Bags market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cosmetic Bags market by Type, Application and Region.
On the basis of geography, the market of Cosmetic Bags has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Portability and Convenience are the Best Benefits of Makeup Bags
- Increased Disposable Income of the People
Market Trend
- Increasing Number of Online Customers
- High Demand for Luxurious Cosmetic Bags
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growth in the E-commerce Industry
- Increased Penetration of the Internet
Challenges
- Availability of Low-Quality Products in Cheaper Rates
In June 2021, Away Travel launched new cosmetics bag. This new bag is made up of water-resistant nylon and neoprene. This makes cosmetics bag to prevent makeup kits damage. With this launch, company is going to expand its product portfolio.
U.S.C. 321-392 and Regulates for Cosmtics bags labelling. This act states that, the cosmetics marketed in the United States, must comply with the labelling requirements of the Federal Food, Drug, and Cosmetic (FD&C) Act, the Fair Packaging and Labeling (FP&L) Act. It ensure packages and their labels provide consumers with accurate information about the quantity of contents and facilitate value comparisons.
Key Target Audience
Cosmetic Bags Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users