Published By : 09 Jun 2016 | Published By : QYRESEARCH
The cosmetic industry is undergoing a soaring demand, particularly from the BRIC countries, due to the high rate of cosmetic promotions and the improving economic conditions in these countries. The e-commerce market has also immensely benefitted the industry for cosmetics and in return has also boosted the industry for cosmetic packaging. In addition, the increasing beauty-conscious population and the increasing innovations from the cosmetic manufacturing companies have also driven the growth of the industry for cosmetic packaging.
In addition, good quality plastic containers are extremely durable and thus provide safety to the customers using cosmetics in addition to reducing the loss of products owing to breakage. The majorly utilized plastic materials prevalent within pharmaceutical packaging are polyethylene terephthalate, polyethylene, amino formaldehydes, poly methyl methacrylate, and polyamides. However, plastics are accompanied with poor physical stability and impact resistance and in certain cases may cause cracks. These disadvantages may hamper the usage of plastics and shift the preference of manufacturers towards using glass as a packaging material.
Hence, the global cosmetic packaging market is poised to rise exponentially. The trend of utilizing biodegradable materials for reducing wastage is a key trend seen in the market for cosmetic packaging.