Cosmetic Packaging Market Predicted to Exceed $32 Billion by 2018

And for still another upbeat report to start the year, research group MarketsandMarkets, in its report “Cosmetic Packaging Market by Type, Material, Application, Packaging Machinery and Geography—Global Trend & Forecast to 2018,” says the cosmetic packaging market is estimated to grow at a CAGR of 5.4% from 2013 to 2018. Cosmetic packaging machinery is expected to reach $2.5 billion by 2018. Asia-Pacific led the cosmetic packaging machinery market followed by Europe and North America. Findings included that plastic is the most prevalent material by far, and that Asia-Pacific has the highest market share and is projected to be the fastest growing market.