Bulk Packaging Market Size, Outlook And Future Scope Analysis - Forecast To 2025

Bulk Packaging Market Synopsis      

The global Bulk Packaging Market Size 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 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 Packaging Market for the cosmetic industry is expected to grow at a CAGR of 5.14% during the forecast period.

Key Players

Some of the key players in the global Global Bulk Packaging Market Size 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.

Bulk Packaging Market Segmentation

The global Bulk Packaging Market Size 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.

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 Packaging Market Size 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 Packaging Market Size 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 Packaging Market Size 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 Packaging Market Size.

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Scope of the Report

This study provides an overview of the global Bulk Packaging Market Size 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 Packaging Market Size 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