What is Cosmetics Boxes Market?
The beauty sector is growing exponentially. To compete with brands from around the world, you need great product packaging. Cosmetic packaging is available in different designs. Makeup packaging is important as it gives an impression of luxury. Not only does it hold the product, but it also attracts customers with its great functionality and design. Luxury cosmetic companies use rigid luxury boxes to optimally display their products. The range of cosmetics is huge and cosmetic folding boxes offer space for everyone. There are different packaging for each cosmetic product. These can accommodate everything from lipsticks to nail polishes, perfumes, body lotions to serums, face creams, etc. The boxes, their size, and purpose vary according to customer requirements. Whether a home user, a working woman, a salon owner, or a make-up artist, cosmetic boxes have space for everyone. While selling makeup products, it is best to order cosmetic boxes in bulk to save money and get affordable customization.
The market study is being classified by Type (Primary Packaging [Bottles, Cans, Tubes & Roll-Ons, Stick Packs] and Secondary Packaging [Folding Boxes, Hinged Boxes, Two-Piece Boxes]), by Application (Cream Cosmetics, Liquid Cosmetics, Powder Cosmetics and Others) and major geographies with country level break-up.
Rexam (United Kingdom), HCP Packing (China), Beauty Star Co. Ltd. (China), Albea Group (France), Axilone (United States), Amcor (Switzerland), Yoshino Industrial (Thailand), Inoac (United States), World Wide Packing (United States), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Baralan International S.p.A (Italy) and Silgan Holding Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Uflex Ltd. (India) and Graham Packing Company (United States).
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 Cosmetics Boxes market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cosmetics Boxes market by Type, Application and Region.
On the basis of geography, the market of Cosmetics Boxes 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 Cosmetics Boxes
- Growing Cosmetic Industry
- Increased Disposable Income of the People
Market Trend
- Increasing Number of Online Customers
- High Demand for Luxurious Cosmetics Boxes
- The Rising Trend for Luxury and Premium Packaging
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growth in the E-commerce Industry
- Manufacturer Developing Attractive Packaging to Attract Consumers
- Changing Lifestyle in Developing Countries
- Increased Penetration of the Internet
Challenges
- Availability of Low-Quality Products in Cheaper Rates
Market Leaders and some development strategies
In March 2018, Albéa acquired Covit S.L., a global leader in the drawing, anodizing, assembly, and decoration of metal parts for packaging products, based in Torelló, Spain. This acquisition aimed to provide the Albéa with global metal capabilities and expertise while building a strong, global supplier of metal parts.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Cosmetics Boxes Providers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-User