Bottles Segment to Dominate APAC Cosmetic Packaging Market during 2020–2028      

According to a new market research study on “APAC Cosmetic Packaging Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material Type, Container Type, and Application” is expected to reach US$ 22,179.73 million by 2028 from 14,437.48 US$ million in 2021. The market is estimated to grow at a CAGR of 6.3% from 2021 to 2028. The report provides trends prevailing in the APAC cosmetic packaging market along with the drivers and restraints pertaining to the market growth. Increasing focus on providing innovative packaging solutions is the major factor driving the growth of the APAC cosmetic packaging market. However, issues associated with stringent regulation regarding cosmetic packaging hinders the growth of APAC cosmetic packaging market.

The Cosmetics Packaging Market is segmented on the basis of material type, container type, and application. On the basis of material type, the market is segmented as glass, paper, plastic, metal, and others. Paper segment held the largest market share in 2020. Based on container type, the market is segmented as jars, tubes, bottles, pumps and dispensers, sachets, and others. Bottles segment held the largest market share in 2020. On the basis application, the market is segmented as skin care, hair care, make up, and nail care. Skin care segment held the largest market share in 2020. Based on country, the APAC cosmetic packaging market is segmented into Australia, China, India, Japan, South Korea, rest of APAC

Albea; Aptar Group, Inc.; Berry Global Inc.; Gerresheimer AG; HCP PackaginG; Huhtamaki; Libo Cosmetics; Silgan Plastics; and WWP Beauty are among the leading companies in the APAC cosmetic packaging market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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