Need for innovative, customized, and premium packaging from the cosmetic industry driving the Cosmetic Packaging Market

 

The global cosmetic packaging market size is projected to grow from USD 49.4 billion in 2020 to USD 60.9 billion by 2025, at a CAGR of 4.03% from 2020 to 2025. The market is projected to grow in accordance with the growth of the cosmetic industry across the globe. Factors such as an increase in the innovations in packaging, and a boost in the demand for cosmetics from the youth population is expected to drive the market for cosmetic packaging.

The Asia Pacific region accounted for the largest market share in 2019. The increase in demand in the region for cosmetic packaging can be largely attributed to the growing population, urbanization & disposable income of the population. Besides, there are less stringent norms and standards for the use of raw materials or ingredients for the manufacturing of packaging products, along with the easy availability of cheap labor, which is attracting the major players to expand their operations in the region. Furthermore, the increase in demand for cosmetics from the emerging economies of Asia Pacific is expected to boost the market for cosmetic packaging as well.

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Key Market Players

Key players, such as Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Albea SA (France), HCP Packaging (China), AptarGroup, Inc. (US), and Huhtamaki Oyj (Finland) have adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the cosmetic packaging market.

Amcor, formerly known as APM-Australian Paper Manufacturers, is a global packaging manufacturer that offers innovative packaging solutions to the customers. Amcor designs highly versatile packaging solutions which are innovative, available with a one-way integrated valve, and offer ease of disposal. Innovation, excellence in manufacturing, and a broad range of technologies are the key strengths of the company. The company is one of the key leaders in the cosmetic packaging market; faces strong competition from the global as well as the regional players.

Recent Developments

• In January 2020, Albea SA opened a new plant for the manufacturing of metal parts for its skincare and cosmetic packaging Huai’an (China). The operations in the plant are expected to start in 2020.
• In December 2019, AptarGroup opened a new sales office in Dubai. This sales office will be operated for all the three segments of the company namely, beauty & home, food & beverage and pharma. With this expansion, the company aims to target the customers of several countries in the Middle East.
• In December 2019, Huhtamaki acquired complete ownership of the joint venture company Laminor S.A. (Brazil), which was established in 2002 as a 50/50 joint venture with Bemis Company (now part of Amcor). Laminor S.A. was specialized in manufacturing tube laminates, particularly for oral care applications. This acquisition is expected to expand Huhtamaki’s tube laminate business and further its flexible packaging product portfolio.

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Avery Dennison Corporation (US) and CCL Industries Inc. (Canada) are leading players in Self-Adhesive Labels Market

 

The global self-adhesive labels market size is projected to grow from USD 46.5 billion in 2020 to USD 59.2 billion by 2025, at a compound annual growth rate (CAGR) of 4.9% during the forecast year. The growth is attributed to the change in style of labeling, innovative & sustainable labeling solutions, increasing urban population leading to the increase in demand for home & personal care products, and boost in demand for packaged food and ready-to-eat meals, due to the rising working population.

The self-adhesive labels market is quite fragmented, but it has large players, such as Avery Dennison Corporation (US), CCL Industries Inc. (Canada), Sato Holdings Corporation (Japan), All4labels Group (Germany), Multi-Color Corporation (US), Coveris holdings Holdings S.A. (US), Fuji Seal International, INC. (Japan), Huhtamaki Oyj (Finland), LINTEC Corporation (Japan), Skanem S.A. (Norway), and Torraspapel Adestor (Spain). These players have adopted various growth strategies, such as expansions & investments, new product developments, mergers & acquisitions, to increase their market shares and enhance product portfolios.

Mergers & acquisitions accounted for the largest share of all the strategic developments that took place in the self-adhesive labels market between 2016 and 2020. Key players such as Avery Dennison Corporation (US), CCL Industries Inc. (Canada), All4labels Group (Germany), Multi-Color Corporation (US), Coveris holdings Holdings S.A. (US), Fuji Seal International, INC. (Japan), Huhtamaki Oyj (Finland), LINTEC Corporation (Japan), Skanem S.A. (Norway) adopted these strategies to strengthen their business portfolios and presence in the self-adhesive labels industry.

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CCL Industries Inc. is one of the leading label manufacturers and converters of pressure-sensitive and extruded film materials. Its customer base comprises global consumer products, healthcare, chemical, and durable goods companies. It operates through its four business segments: CCL (converter of pressure sensitive and specialty extruded film materials), Avery (supplier of labels, specialty converted media, and software solutions), Checkpoint Systems (developer of RF and RFID based technology systems), and Innovia (producer of specialty, high-performance, multi-layer, surface engineered films for label, packaging, and security applications). The company has a foothold and a strong customer base in Canada.
It has corporate offices in Toronto, Ontario, Canada, and Framingham, Massachusetts, US. The company has its presence in about 42 countries, globally, and has a label and tube license holder operating two plants in Indonesia.

Avery Dennison is one of the key players in the self-adhesive labels market and designs and produces a wide range of labelling and functional materials. The company’s product portfolio includes pressure-sensitive materials (for labels and graphic applications), tapes & other bonding solutions (for medical, industrial, and retail applications), tags, labels, and embellishments (for apparel), and radio-frequency identification (RFID) solutions (for retail apparel and other markets).
It operates through three business segments: Label and Graphic Materials; Retail Branding and Information Solutions; and Industrial and Healthcare Materials. It offers self-adhesive labels through the Label and Graphic Materials segment. This business segment is responsible for the production of the pressure-sensitive labels and packaging materials & films for graphic and reflective products.

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Amcor PLC (Australia) and International Paper (US) are Major key player in the Fresh Food Packaging Market

 

The global fresh food packaging market size is projected to grow from USD 79.8 billion in 2020 to USD 95.2 billion by 2025, at a CAGR of 3.5% between 2020 and 2025. The major driving factors of the market include growing demand for convenience food items and innovative packaging solutions for extended shelf life of fresh food items.

APAC is projected to be the fastest-growing market for fresh food packaging during the forecast period. Increase in demand for convenience by consumers and concerns about food product safety are some of the major reasons that could drive the fresh food packaging market in the region. However, the fresh food packaging market faces restraints such as stringent government rules and regulations regarding raw materials, which hinder the growth of the market.

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The key players in the fresh food packaging market are Amcor PLC (Australia), Interntional Paper Company (US), WestRock Company (US), Sealed Air Corporation (US), Smurfit Kappa (Ireland), Coveris (Vienna), DuPont (US), DS Smith PLC (UK), Mondi PLC (South Africa), Silgan Holdings Inc. (US), Sonoco Products Co. (US), Schur Flexibles (Austria), Anchor Packaging Inc. (US), Printpack Inc. (US), Bomarko Inc. (US), Packaging Corporation of America (US), Graphic Packaging Holding Co. (US), Ampacet Corporation (US), Ultimate Packaging Limited (UK), and Temkin International Inc. (Utah). These players have adopted various strategies, such as merger & acquisition, investment & expansion, new product launch/development, and partnership, contracts & agreements, a joint venture between 2016 and 2020, to enhance their market shares and expand their global presence.

Amcor PLC (Australia) is the largest player in the market. The company has its presence in North America, Europe, Asia Pacific, and in emerging markets. It is one of the leading companies engaged in the manufacturing and distribution of both plastic and fresh food packaging. The company focuses on increasing its profitability by strengthening customer relations and expanding its presence by adopting both inorganic and organic strategies, such as agreements and contracts in emerging markets while optimizing operational performance

• In January 2020, the company partnered with Moda (New Zealand) to offer innovative packaging solutions in North America and Latin America. In June 2019, Amcor PLC successfully acquired Bemis Company Inc. (US). The acquisition of Bemis brought additional scale, capabilities, and footprint that will further strengthen Amcor’s market position.

International Paper Company is one of the world’s largest paper and packaging companies based in the US. The main businesses of the company are coated paperboard, pulp, foodservice, industrial packaging group, recycling, and retail display packaging. The company operates through three major segments that comprise industrial packaging, printing papers, and global cellulose fibers. The company has a wide assortment of products in each of its segments. International Paper Company operates in the market through its 15 major brands and many subsidiaries. The company has operations in more than 150 countries across North America, Europe, Latin America, Asia, and North Africa. It is the largest recycler in North America and produces more than 6 million tons of corrugated packaging and paper.

• In May 2019, West Coast Paper Mills Ltd. (India) entered into a share purchase agreement to acquire about a 51%-60% stake in International Paper’s (IP) Indian unit, International Paper APPM Ltd. In February 2018, International Paper Company announced that it would be spending more than USD 500 million to upgrade its facility in Selma, Alabama, to meet the growing demand for its products.

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