Return to: Business NewsCosmetics & Personal Care Packaging Equipment Market Worth $5.6 Billion By 2025The global cosmetics and personal care packaging equipment market size is anticipated to reach USD 5.6 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to exhibit a CAGR of 5.4% over the forecast period. The growth is backed by the rising consumer preference for healthier and personalized products along with the rising investments in developing novel and innovative packaging technologies. Stringent government regulations on reducing plastic use, ban on single use plastics, and increasing recycling targets has surged the demand for sustainable packaging solutions. In addition to the cost savings from using less amount of materials, end-user companies are opting for machines that offer reduced energy and water usage along with lower greenhouse gas emissions. Tripartite effort by local government and foreign and domestic enterprises to establish better distribution infrastructures is projected to drive the demand for transport and distribution packaging. These factors are expected to surge the market growth of associated packaging machinery sales over the next seven years. The cosmetics and personal care packaging equipment manufacturers are moving toward acquiring integrated and Artificial Intelligence (AI) enabled machinery to reduce human errors and to improve the energy and cost utilization. In addition, growing demand for vacuum machinery for cosmetics and personal care products in order to gain aseptic packaging, is expected to stimulate the product demand over the forecast period. For PDF sample Copy or More Details please visit link @: https://www.grandviewresearch.com/industry-analysis/cosmetics-personal-care-packaging-equipment-market Further key findings from the report suggest: • The demand for wrapping/bundling/palletizing machinery is anticipated to experience stronger growth over the forecast period owing to the rapidly developing logistics and domestic infrastructures along with the rising penetration of e-commerce across the globe • Skincare segment is expected to contribute 26.5% of the overall market in terms of revenue by 2025 owing to the increasing demand for herbal, organic, and natural products along with the rising concerns pertaining to skin conditions among the populace • China is anticipated to witness a CAGR of 7.2% in terms of revenue over the forecast period because of the burgeoning economies, population growth, greater automation of manufacturing, increase in mean wealth and a rising interest in health and wellness • Europe accounted for the second largest revenue share in 2018, owing to the high demand for highly flexible, automated, and efficient equipment along with the rising consumption of consumer goods in countries such as Italy, Germany, U.K., and France • The cosmetics and personal care packaging machinery manufacturers are focusing on investing in R&D and innovation to secure a portfolio with competitive options to cater the demand for integrated and automated machines To request Research report sample copy with TOC please visit @: https://www.grandviewresearch.com/industry-analysis/cosmetics-personal-care-packaging-equipment-market/request/rs1 Grand View Research has segmented the global cosmetics and personal care packaging equipment market on the basis of product, application, and region: Cosmetics & Personal Care Packaging Equipment Product Outlook (Revenue, USD Million; 2014 - 2025) • Filling • Labelling • Cleaning • Form-Fill-Seal • Cartoning • Wrapping • Palletizing Cosmetics & Personal Care Packaging Equipment Application Outlook (Revenue, USD Million; 2014 - 2025) • Skin Care • Hair Care • Decorative Cosmetics • Bath and Shower • Perfumes • Other Applications Cosmetics & Personal Care Packaging Equipment Regional Outlook (Revenue, USD Million; 2014 - 2025) • North America o U.S. o Canada o Mexico • Europe o France o Germany o Italy o Netherlands o Russia o Spain o U.K. • Asia Pacific o China o Japan o India o Australia o South Korea • Central & South America o Brazil • Middle East & Africa o Saudi Arabia For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/6970/ibb About Grand View Research Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunit ... News Release: Cosmetics & Personal Care Packaging Equipment Market Worth $5.6 Billion By 2025 Submitted on: July 23, 2020 09:52:06 AM Submitted by: sitakant On behalf of: www.prhub.com |