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North America holds a significant share of the cosmetic packaging industry owing to the robust growth of the cosmetics industry in the region. The increasing manufacturing of cosmetic products in countries like the United States and Canada is augmenting the market for cosmetic packaging. As the focus on sustainability is surging in the region, the demand for eco-friendly packaging of cosmetics is increasing, which is propelling the growth of the market. In addition, the matured e-commerce industry in the region is increasing the demand for cosmetics, hence driving the market for cosmetic packaging. The increasing use of new technologies for innovative packaging of cosmetics is expected to provide further impetus to the market growth.
Berry Global Inc. (NYSE: BERY), one of the leading companies in the market, launched a new range of premium jars, Infinity Quartz, for beauty and cosmetic products in June 2020. The product range is made up of diverse materials, such as post-consumer recycled plastic, to boost the sustainability of packaging. The jar is available in two sizes, 50 ml and 75 ml. They feature the company’s Natura Pack removable inner section to enable consumers to replace the empty inner. The materials used in jars are provided with food contact certification, which makes them ideal for natural and sensitive ingredients. Moreover, the products are available in two special versions, which are made from PCR PET and PP to deliver an enhanced consumer experience. The development of such innovative products is surging the demand for cosmetic packaging, which is driving the growth of the market.
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The major players in the global cosmetic packaging market are Amcor Plc, Berry Global Inc., DS Smith Plc, Huhtamaki Oyj, Silgan Holdings Inc., and Albéa group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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