Product Diversity spurs cosmetics label growth
Demand for cosmetics and personal care merchandise generally is flourishing, producing excellent possibilities for suppliers of all labelling products.
Among the list of driving forces behind this growth could be the continual dynamism inside the diversity of goods in the end-user market, reports a new study by Frost Sullivan, the international advertising consulting business.
‘the cosmetics and private care packaging market nonetheless displays important prospective for development, says Dr Angela Gunning, investigation manager at Frost & Sullivan.
Overall, the marketplace for cosmetics and private care packaging is a mature a single, though by no means stagnant, and revenue development is expected to rise from US$1.74 billion in 1998 to US$2.10 billion by the end with the study period in 2005, mainly fuelled by the progressive diversity of items. Frost & Sullivan’s investigation comprises all those containers that are used for the primary packaging of products within the area of cosmetics and individual care.
Dr Gunning continues: ‘the increasing variety of merchandise is tied to the rising diversity with the product packaging. This triggers the growing need for more flexible production. Due to technological advancements, demands for enhanced flexibility are gradually being met. With a wider range of item designs, it is necessary for machinery to be capable of a larger number of shorter production runs.
Further factors stimulating growth within the European cosmetics and individual care packaging marketplace include the buoyancy in the age range of the target end-user market and the improvement of the recycling prospective of all packaging types.
In its review of product markets, Frost & Sullivan’s study confirms the dominance of the plastic bottles sector, accounting for the largest share of all the container types within the cosmetics and individual care packaging marketplace in terms of both volume and revenues. Boosted by the general shift inside the market away from glass, the anticipated development in the male grooming sector and the growing recyclability of plastic bottles, this marketplace is predicted to retain its leading position up to the end in the forecast period.
The growing preference for plastic over glass, recyclability of plastic and the overall rise in the diversity of end-user goods have catapulted the plastic jars industry into second place. This market place has been showing positive growth in recent years and this trend is expected to continue. Meanwhile, awareness of environmental issues, coupled with the development of new marketplace segments for tubes, coupled with the growth experienced inside the industry for laminate tubes, are expected to contribute to the continued successful performance with the cosmetics and private care tubes product sector.
The largest producers of containers for the cosmetics and personal care marketplace in terms of national markets are France and Germany, followed by Italy and the United Kingdom. Containers in the cosmetics and personal care industry are increasingly customised and ‘made-to-order, and there is a real desire for uniqueness in the packaging of cosmetics and individual care goods, Frost & Sullivan’s study concludes.
Pick up discounted Aaron Rodgers Jersey from authorized Randall Cobb Jersey Outlet without delay with Express Shipping, Protected Payment & First class Customer Satisfaction from us.
Related Posts
Tags
Share This
Recent Comments