Cosmetic Packaging Machinery Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Cosmetic Packaging Machinery market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Cosmetic Packaging Machinery Market report is anticipated to register a CAGR of 5.62% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Cosmetic Packaging Machinery Market are –
- A Packaging Systems
- Bosch Packaging Technology
- I.M.A. Industria Macchine Automatiche S.P.A.
- Marchesini Group S.P.A.
- Packsys Global Ltd
- Prosys Innovative Packaging Equipment
- Turbofil Packaging Machine
- Vetraco Group
- Wenzou Rigao Packing Machine Co. Ltd
- Wimco Ltd
The global cosmetic packaging machinery market was valued at USD 3.22 billion in 2017 and is expected to reach a value of USD 4.47 billion by 2023 at a CAGR of 5.62% over the forecast period (2018-2023). The traditional cosmetics packaging machines are being replaced by next-generation automated packaging machines. These machines are being designed without control cabinets, and are vertically and horizontally connected. Integration of Big Data analysis, smart maintenance, and model-based engineering are providing scope for improvement. Further, the integration of open interfaces, with functions, is enabling automation of typical tasks. This factor is improving labor productivity, ensuring quality, and reducing packaging & storage costs. The industry holds a significant opportunity, owing to the need to cater to multiple requirements in order to facilitate product changeover. Furthermore, the market is witnessing a shift from traditional palletizers to hybrid palletizers, thereby, boosting the sale of palletizers.
Focus of Manufacturers on Cost Cutting and Business Process Improvement Driving the Market Growth
To remain productive and competitive, manufacturers are adopting creative and energy-efficient ways to conserve resources, improve recycling levels, and develop new generations of materials. The seamless integration of hardware and software is enabling manufacturing industries to reduce wastage, lower accident rates, and produce robust as well as accurate products in an economically profitable way. These systems offer better monitoring and maintenance options, thereby, reducing glitches in the manufacturing process. With technologies, like DCS, PLC, SCADA, and MES, the automation equipment have become more sophisticated and can perform more complex actions at a comparatively low operating cost. Also, coupled with advances in the sensor technology, these technologies have started the era of smart packaging, which results in an improvement in manufacturing processes.
North America is the Key Market for Cosmetic Packaging Machinery
The United States is a hub for cosmetic products and is known for innovative and quality products. The consumers in the United States are seeking out products geared toward their specific needs and preferences.
The country has the footprint of many multinational companies, such as Revlon, MAC Cosmetics, Avon, and L’Oreal. The United States is the biggest market for skin care products, including anti-aging and anti-wrinkle products. North America accounts for the third-largest market share, due to the high-level of penetration of packaging machinery in the region.
The formation of the Advanced Manufacturing Partnership (AMP) is an initiative, undertaken by the United States to make the industry, universities, and the federal government invests in the emerging technologies. This initiative has helped the country gain a competitive edge in the global economy, by investing in packaging equipment, which is used in the final line of production
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Scope of the Report:
The report analyses Cosmetic Packaging Machinery market, which includes –
- Analysis of the growth of Cosmetic Packaging Machinery market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Cosmetic Packaging Machinery market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Cosmetic Packaging Machinery market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Cosmetic Packaging Machinery market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Cosmetic Packaging Machinery Market Report:
- Varying dynamics of the Cosmetic Packaging Machinery industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Cosmetic Packaging Machinery market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Cosmetic Packaging Machinery market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Cosmetic Packaging Machinery Market Report:
- The report analyses how stringent emission control norms will drive the global Cosmetic Packaging Machinery market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Cosmetic Packaging Machinery market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Cosmetic Packaging Machinery:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
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