North American cosmetic packaging market is anticipated to showcase considerable CAGR of 3.6% during the forecast period (2021-2027). With the growing cosmetic industry across the region, the cosmetic packaging providers across the North America are making conscious efforts to generate huge revenue by delivering required packaging solutions to the cosmetic manufacturers. For this purpose, they are adopting different strategic growth activities such as production capacity expansion, product innovation, joint venture, and mergers & acquisitions among others to remain competitive in the marketplace. For instance, in March 2020, DS Smith Plc had opened its first recycling facility in the US to expand its business operations in the North America.This new plant can recycle over 36,000 tons of old corrugated cardboard each year, creating new fully recyclable packaging for company’s customers in this region.
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In May 2018, Seed Phytonutrients, a division of L’Oréal USA has designed shampoo bottles made from recycled, recyclable, and compostable paper. These pump-bottles are waterproof and even the labels are made of paper. The inner lining comprises of thin plastic, which collapses as the product is used.The rising innovations in packaging material is anticipated to drive the growth of the North American cosmetic packaging market.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in base year?
- Which segment will project fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from pre-COVID forecast
o Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
North American Packaging Industry Market Report Segment
By Material Type
- Plastic
- Metal
- Glass
- Paper
- Others
By Product Type
- Plastic Bottles & Containers
- Glass Bottles & Containers
- Corrugated Boxes
- Tubes & Sticks
- Caps & Closure
- Metal Containers
- Others
By Cosmetic Type
- Skin Care
- Hair Care
- Color Cosmetics
- Deodorants
- Others
North American Packaging Industry Market Report Segment by Country
- US
- Canada
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
