Bulk Packaging for Cosmetics Market

Bulk packaging for cosmetics market is driven by multiple factors such as shifting consumer preferences and taste, rise in aging population and growth in end-use segments. However, bulk packaging market for cosmetic industry consists of several restraints including stringent regulations on packaging material waste and recycling. The global bulk packaging for cosmetics market is expected to grow at 5.43% CAGR in terms of value during the forecast period.

Bulk packaging for cosmetics involves specially designed tertiary packaging that supports the transportation of cosmetics and personal care products to the end-users. It enables the cosmetic products to reach multiple destinations with reduced damage owing to jerks, drops, and external force along with climatic conditions such as heat and rain. The increasing use of bulk packaging products including drums, bulk boxes, and material handling containers that will positively influence the industry expansion.

Rising focus on attractive packaging techniques and product innovations will spur the industry growth. The global bulk packaging for cosmetics market has been segmented based on material, packaging type and product type. On the basis of material, the global market has been segmented into plastics, metal, paper & paperboard and others. In 2018, the plastics segment accounted for the largest market share of 43.34% with a market value of USD 2,618.5 million. It is projected to grow at 5.19% CAGR during the projected timeframe.

On the basis of packaging type, the global market has been segmented into rigid and flexible. In 2018, the rigid accounted for the considerable market share of 66.75% with a market value of USD 4,032.4 million. It is projected to grow at 4.88% CAGR over the forecast period.

On the basis of product type, the global market has been segmented into pails, drums, bulk boxes, shipping sacks, material handling containers, and others. In 2018, the drums segment accounted for the substantial market share of 26.93% with a market value of USD 1,627 million. It is projected to grow at 4.47% CAGR during the study timeframe.