Bulk Container Packaging Market for Cosmetic Industry| COVID-19 Impact

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Segmentation

The Bulk Container Packaging market for cosmetic industry is studied for several segments based on product and material. Based on product, the global Bulk Container Packaging market for cosmetic industry is segmented into metal, plastic, paper, and paperboard. Among these, the plastic segment is expected to spearhead the global Bulk Container Packaging market for cosmetic industry owing to several benefits associated with the material, as compared to other materials. These benefits include cost efficiency, lightweight, and high corrosion resistance.

Regional Analysis

The global Bulk Container Packaging market is studied for the regional segments of North America, Asia Pacific, Europe, and the Rest of the World. Asia Pacific held the largest share, at 37.50%, of the Bulk Container Packaging market for cosmetic industry at the beginning of the forecast period. Europe held the second-largest share of the global Bulk Container Packaging market for cosmetic industry in the base year, followed by North America.

Asia Pacific is expected to retain such dictation in the global Bulk Container Packaging market for cosmetic industry over the forecast period. This can be owed to the expanding product lines for cosmetic products based on e-retailing and affordability. Further, a rise in the disposable income of consumers, coupled with a rise in the number of manufacturing facilities for cosmetics in the APAC region is promoting sizeable growth in the Bulk Container Packaging market for cosmetic industry.

Key Players

The global Bulk Container Packaging market for cosmetic packaging boasts a presence of various giant vendors including Berry Global Inc. (US), BWAY Corporation (Georgia), Georgia-Pacific (US), Greif (US), Menasha Corporation (US), Rehrig Pacific Company (US), REMCON Plastics Inc. (US), Schoeller Allibert (Netherlands), and Westrock Company (US).

Industry Update

July 2019: Berry Global recently announced the completion of their acquisition of RPC Group for approximately USD 6.5 billion. Such acquisition has resulted in a leading global supplier of value-added protective solutions and is now one of the world’s largest plastic packaging companies.