Bulk Container Packaging Market
Summary
Global Bulk Container Packaging Market for Cosmetics Industry by Material (Plastic,
Paper & Paperboard, Metal), Product (Pails, Drums, Bulk Boxes, Shipping Sacks, Material
Handling Containers, Others) and Region - Forecast To 2025
Bulk Container Packaging Market Synopsis
The global Bulk Container Packaging market for cosmetics industry are majorly driven
by the change in the taste and preferences of the consumer for use of cosmetic products.
Due to the rising affluence and the growing consciousness about grooming and
appearance, among individuals, the potential of the cosmetics market is growing. This is
driving the demand for use of Bulk Container Packaging for storage and transportation
of cosmetics. The market is also driven by the growth in the end-use segments of the
cosmetic industry such as skin care, hair care and baby care among others.
Global Bulk Container Packaging Market for the cosmetic industry is expected to grow at
a CAGR of 5.14% during the forecast period.
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Bulk Container Packaging for cosmetics is specially designed tertiary packaging, which
allows the transportation of the cosmetics and personal care products to the end-users.
Key Players
Some of the key players in the global Global Bulk Container Packaging Market for
Cosmetics Industry include Berry Plastics Group, Inc. (the U.S), BWAY Corporation
(Georgia), Georgia-Pacific LLC (U.S.), Greif Incorporated (U.S), Mauser Group B.V.
(Germany), Menasha Corporation (U.S.), Rehrig Pacific Company (U.S.), Remcon Plastics,
Inc. (U.S.), SchoellerAllibert (Netherlands), Westrock Company (U.S.) and others.
The major players in the market have adopted various growth strategies such as mergers
& acquisition, expansion, new product development and partnership and collaboration.
Amongst these, mergers & acquisitions is the key strategy adopted, extensively by the
players to achieve operational efficiencies and increase the number of offerings to the
customer. For Instance, in June 2017, Westrock Company (U.S.) acquired five facilities
from the U.S. Corrugated Holdings, Inc. in Ohio, Pennsylvania, and Louisiana. This
acquisition was made with the objective of expanding the operations, both by volume and
in terms of geographical presence.
Segmentation
The global Bulk Container Packaging Market for cosmetics industry has been segmented
on the basis of plastics, metal, paper & paperboard, and others. The plastic is expected to
account for the largest market share over the forecast period. The growth of plastic can
be attributed to various factors such as average gains associated with the material over
steel drums in terms of cost, weight and corrosion resistance.
On the basis of the product, the market is segmented into pails, drums, bulk boxes,
shipping sacks, material handling containers, and others. Amongst these, pails are
expected to account for the the largest market share in 2016 and are expected to grow at
the highest CAGR over the forecast period. Pails are used largely with a wide range of
mid-sized applications. Apart from cosmetics, they are also used across applications such
as paints & coatings and food & beverages. Pails segment is expected to capture the
largest market share due to their performance and cost advantages in small volume
applications.
Regional Analysis
The global market is segmented on the basis of geography: Asia Pacific, North America,
Europe, and the Middle East & Africa. Asia Pacific is expected to lead the Global Bulk
Container Packaging Market for Cosmetics Industry, followed by Europe and North
America region.
In Asia Pacific region, factors such as expanding product lines for cosmetic products
based on affordability, e-retailing are driving the need for Bulk Container Packaging
market for the cosmetics industry. Owing to the increasing disposable income, consumers
are expected to increase their spending on premium cosmetics and personal care
products. The increase in the number of manufacturing facilities for cosmetics in the
region is also driving the growth of the Bulk Container Packaging market for the
cosmetics industry.
In Asia Pacific region, China is expected to dominate the growth of the market. China is
the world's largest market for beauty products, with the flourishing demand for premium
cosmetics. As employees in China are increasingly getting better educated and better
paid, there is more expenditure on consumption. They are able to pay attention to health,
maintaining personal hygiene and grooming their appearance, thereby driving the need
for the Bulk Container Packaging market.
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Scope of the Report
This study provides an overview of the global Bulk Container Packaging market for
cosmetics industry, tracking two market segments across four geographic regions. The
report studies key players, providing a five-year annual trend analysis that highlights
market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest
of the World (ROW). The report also provides a forecast, focusing on the market
opportunities for the next five years for each region. The scope of the study segments the
global Bulk Container Packaging market for cosmetics industry by its material, product,
application and region.
By Material Type
Plastic
Metal
Paper & paperboard
Others
By product Type
Pails
Drums
Bulk boxes
Shipping sacks
Material handling containers
Others
By Region
North America
Asia Pacific
Europe
Rest of the World
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market-2019-global-size-share-comprehensive-analysis-opportunity-assessment-future-estimations-
and-key-industry-segments-poised-for-strong-growth-in-future-by-forecast-2023-2019-08-09
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