Impact of COVID-19 on the Global Cosmetic Packaging Market
In the cosmetics packaging industry, the Asia-Pacific region accounts for the largest market share owing to the increasing adoption of cosmetic products from countries such as China, India, and Indonesia. Also, the benefits that cosmetic products offer to the customers are responsible for market growth. However, the COVID-19 pandemic has led to the sudden shutdown of manufacturing activities across the globe affecting the production and processing of plastics. Besides, the COVID-19 pandemic has led to a shift in consumer preferences concerning the purchase of cosmetics, driving the demand for safer products with higher integrity. Thus, cosmetic products that are packaged in ways that reduce risks of contamination and provide extended shelf life are in high demand.
GDP Growth rate in Top Countries, 2010–2020 (%)