Cosmetic Packaging Market - Forecast(2021 - 2026)
Cosmetic Packaging Market Overview: Association of wellness with beauty is a major trend driving consumer based products demand in this era. Cosmetics is one prominent sector leveraging this stride and executing unprecedented business. As per an online release by Forbes in 2017, the cosmetics industry was estimated to be worth a staggering $445 billion in terms of sales revenue. Cosmetic packaging market as an imperative subset of blooming cosmetics industry is catapulting enormous demand under its domain. Being an essential component of cosmetics in terms of protection, creation of brand awareness, advertising appeal, extension of shelf life and labeling of information, cosmetic packaging market size has ascended towards $25.5 billion as of 2018. E-commerce has facilitated an upsurge of cosmetic sales by adding a supplementary virtual retail counter for products and proficient packaging is a necessity for such operations. This is among the major factors are compelling the cosmetic p