Bulk Packaging Market for Cosmetic Industry Research Report - Global Forecast till 2030

Bulk Packaging Market for Cosmetic Industry: Information by Material (Plastic, Metal, Paper & Paperboard and others), by Product (Pails, Drums, Bulk Boxes, Shipping Sacks, Material Handling Containers and others) and by Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

ID: MRFR/PNT/2451-CR | October 2020 | Region: Global | 188 pages

Impact of COVID-19 on the Global Bulk Packaging Market for the Cosmetics Industry

The bulk packaging market for the cosmetics industry has witnessed a negative impact on the product demand in recent months owing to the lockdowns imposed in the majority of the countries due to the outbreak of the COVID-19 pandemic in December 2019. Several countries, including Italy and the US, witnessed curfew-like situations where all businesses (except essential goods and services) were not allowed to operate. Social distancing norms were implemented across the globe during the lockdowns, which resulted in the temporary closing of most of the public places, including malls and party places. Bulk packaging is a tertiary level packaging for cosmetics, which comprises the containment of makeup and other personal care products in bulk quantities for distribution purposes. This kind of packaging protects the products during transportation from vibrations, shocks, drops, and other factors such as rain, wind, and dust. Bulk packaging is generally used by cosmetics companies for shipping the products within the domestic boundaries as well as across international borders.

Changing consumer tastes and preferences are playing a significant role in driving the growth of the global market. The increase in per capita disposable incomes and growing consciousness about grooming and appearance among individuals are some other factors influencing the growth of the cosmetics market, consequently boosting the demand for bulk packaging for storage and transportation of cosmetics. Moreover, the growing demand for skincare, haircare, and baby-care products also affect the global market positively. The demand for bulk packaging from the cosmetics industry is anticipated to increase in the coming months as several governments prepare to ease the lockdowns in a phased manner. The reopening of public places, including malls, party places, and lounges, is expected to increase the demand for cosmetics in the coming months, thereby boosting the demand for bulk packaging for the cosmetics industry. The bulk packaging market for the cosmetics industry is anticipated to rebound in the first quarter of 2021 and grow at a significant CAGR over the next five years.

Sales of Leading Cosmetics Companies (USD Billion)

Source: Company Annual Reports

Note: Unilever sales are considered only for the beauty & personal care segment.

Bulk Packaging Market for the Cosmetics