About Makeup Bags
In today’s world, different companies rely on innovative cosmetic storage and advertising to draw the attention of buyers. A consumer chooses a product that is portable, compact, convenient, and eco-friendly. The material plays an important role in the style of the product and increase demand and make it attractive. All such factors affect the market value of the product. Makeup Bag is a kind of small handbag that is extensively employed by women to store various makeup items ranging from lipsticks, mascara, eyeliner, brushes, to tools. It has come up as one of the convenient options for women to keep their cosmetics. Besides, it is made of various materials such as Synthetic, Leather, Polyester, and Lenin. The manufacturers are making the bag utilizing varied plastic materials of high quality, long-lasting nature, and comfy by touch. The Makeup Bags Industry is attaining huge recognition across the globe as the prerequisites and applications are burgeoning at a robust rate.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Makeup Bags market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Chanel(France), Coach(United State), Forever 21 (United States), H&M (Sweden), kate spade(United States), L.L.Bean(United States), M.A.C(United States), Marc Jacobs(United States), Personal Creations(United States) and Pottery Barn(United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Allegro (Poland).
Segmentation Overview
AMA Research has segmented the market of Global Makeup Bags market by Type (Micro-, Small Traveling, Large Traveling, At-Home :, Train and Professional), Application (Professional and Personal) and Region.
On the basis of geography, the market of Makeup Bags has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Makeup Bags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. PVC will boost the Makeup Bags market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing online sales channel
Market Growth Drivers:
Increasing product launches and company expansion activities to increase the presence and The advancement of new and varied packaging styles and innovation in packaging plays a major role in driving the growth of the cosmetic packaging market
Challenges:
The presence of local manufacturers
Restraints:
Fluctuated price of raw material
Opportunities:
Emerging demand from developing countries as the number of the working woman across the globe increased thus adoption is increasing
Market Leaders and their expansionary development strategies
In July 2022, onTop Cosmetics has introduced its Renewal Oil Cream, which is the initial offering in a series of four face cream products. These creams are packaged using Eastman CristalTM Renew co-polyester material that incorporates 50% certified recycled content. By utilizing the Cristal Renew brand, onTop Cosmetics has become the pioneer among Chinese beauty brands in adopting this eco-friendly resin. This sustainable resin aligns with Eastman's molecular recycling techniques.
InFebruary 2021, Brother Vellies & Sephora Collection Launched the Dreamiest Makeup Bags. The limited-edition collaboration features three pieces all priced marking the Black-owned luxury brand’s first venture into makeup bags — and stays true to its traditions of upholding artisan design practices.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Makeup Bags Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.