According to the latest market research study by Technavio, the global cosmetic tubes and jars market is expected to grow at a CAGR of close to 6% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global cosmetic tubes and jars market regarding revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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The top three revenue contributing product segments are discussed below:
Global cosmetic squeeze tubes market: Squeeze tube packaging held the highest market share in the global cosmetic packaging market in 2016 and is expected to dominate the market during the forecast period. Innovation in retail network, rising disposable income, and changing hygiene habits among people are some of the growth drivers in the global squeeze tubes market.
“Innovation in packaging is one of the major trends seen in the cosmetic market. Many cosmetic companies are coming up with beauty balms and color correcting creams, which offer multi-functional usage to the consumer. This is expected to fuel the growth of the market during the forecast period. Companies are trying to capture market share by changing the design of their packaging and providing more convenient packaging to the consumers. For instance, Neutrogena has come up with its Rapid Wrinkle Repair Serum and Diorsnow Ultraviolet Shield BB Cream, are both available in a plastic tube, including a spray pump,” says Sharan Raj, a lead analyst at Technavio for research on packaging.
Global cosmetic jars market: Cosmetic jars have advantages over tubes regarding filling and ease to take out the product using fingers, cotton, or spatula. They can also be made more attractive as their spherical size is larger than tubes. However, there are always chances of contamination and loss of moisture in jars because of the large opening. Materials used for making cosmetic jars are lightweight, inexpensive, and compatible with both liquid and dry cosmetics.
Global cosmetic twist tubes market: Twist tube packaging is expected to experience the highest growth rate among all the types of packaging. The rising demand for twist tubes is compelling vendors to come up with various designs of twist tube packaging, with different head styles and dispensing options. For instance, Weckerle Cosmetics has introduced one-handed lipstick pack, which rotates by 350 degrees and has a strong lock.
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The top vendors operating in the global cosmetic tubes and jars market are:
- Albéa
- Amcor
- Constantia Flexibles
- Huhtamaki
The other prominent vendors in the market include 3D Packaging, Alltub, Antilla Propack, Cores and Tubes, CTL Packaging, Essel Propack, Excel Tubes and Cones, KAP CONES, M&H Plastics, Montebello Packaging, MPack, Neopac, PRUTHA PACKAGING, Skypack, Sonoco, Tuboplast, VisiPak, and World Wide Packaging.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Cosmetic Tubes and Jars Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Halal Cosmetics Market 2017-2021
- Global Professional Skincare Market 2017-2021
- Global Cosmetics Surgery Market 2016-2020
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