Bulk Packaging Market for Cosmetic Industry| COVID-19 Analysis

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A change in consumer preferences is one of the primary factors leading to the ascension of the bulk packaging market for cosmetic industry. Rising per capita income of consumers is promoting higher level of disposable income, in turn, leading to an upsurge in the demand for cosmetics.

Regional Analysis

The global bulk 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 packaging market for cosmetic industry at the beginning of the forecast period. Europe held the second-largest share of the global bulk 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 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 packaging market for cosmetic industry.

Segmentation

The bulk packaging market for cosmetic industry is studied for several segments based on product and material. Based on product, the global bulk 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 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.

Based on product, the global bulk packaging market for cosmetic industry is segmented into drums, pails, shipping sacks, bulk boxes and material handling containers. Among these segments, the global bulk packaging market for cosmetic industry is led by the pails segment over the forecast period. Such domination can be attributed to their performance and higher cost-effectiveness as compared to other types of bulk packaging.