Report Says Global Cosmetic Packaging Market to Grow

According to a report from Dublin-based Research and Markets, “Global Cosmetic Packaging Market 2016-2020,” the global cosmetic packaging market is forecast to grow at a CAGR of 5.07% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global cosmetic packaging market. To calculate the market size, the analyst considered the sales of packaging material by plastic, glass and metal packaging.

Key findings? “Vendors have begun to adopt recyclable and eco-friendly packaging products due to growing environmental concerns. The demand for innovative designs and colors in packaging products and focus on packaging for brand differentiation are the primary drivers of the market.

Plastic is emerging as the material of choice for cosmetic packaging because of its versatile nature. However, the rising price of plastic resins acts as a barrier to growth.”