Biodegradable Cosmetics Packaging Market- An Overview
Packaging is an important part of cosmetics since it affects the brand image, product description and also protect the product from any external environment changes. Biodegradable packaging not only protects the environment but it also makes the packaging more aesthetic, guilt-free and easy to unwrap for the customers. Biodegradable cosmetics packaging uses eco-friendly material for packing goods. Many biodegradable cosmetics packaging materials are extracted from plants, animals and mineral sources. Cosmetics and health industry are constantly innovating packaging and using organic products to pack its products.
Customers are also constantly demanding sustainable packaging, which is forcing manufacturers to change current packaging and replace it with biodegradable materials like paper, metal, glass and plant-based plastics. Biodegradable cosmetics packaging is easily degradable by microbes present in nature and leaves back almost no wastage, which is incredible for the environment. Environmental concerns like global warming and toxic waste assemblage are forcing individuals to give up non-biodegradable packaging. Plastics and other harmful packaging materials wastage damage the marine environment. It eliminates the lives of aquatic animals, either by ingestion or entanglement with the wastage. BPA and Benzene found in many cosmetics packaging materials also harms human health, causing issues like respiratory diseases, blood pressure and even cancer in some cases.
Biodegradable Cosmetics Packaging Market- Dynamics
Due to its eco-friendly nature and recyclability factor, biodegradable packaging is user friendly and is easily disposable, which makes it customer’s one of the most favourable choices while shopping and choosing which cosmetics product to buy. Increased consumption of cosmetics is also shaping the global biodegradable cosmetics packaging market. Many cosmetics brands have already replaced their packaging with eco-friendly material which is sustainable in nature. One of such brands is UK based Lush Cosmetics which uses vegan products and 100% biodegradable cosmetics packaging. They also use naked packaging for many of its products which are valued by its customers.
Due to the outbreak of COVID-19, people have started using face masks and hand sanitizers, which is causing skin problems like maskne (acne due to the constant wearing of a mask) and irritated skin. These problems have increased sales for eco-friendly cosmetics and skin care products in the market and, this is further giving rise to biodegradable cosmetics packaging. Government regulations regarding cosmetics packaging are also influencing biodegradable cosmetics packaging by compelling the usage of organic materials for packaging. Biodegradable cosmetics packaging could be derived in different packaging types like bottles, pouches, containers, jars, tubs, roll-ons and tubes depending on the type and quantity of the product. Innovation in technology and packaging material is also driving the demand for the biodegradable cosmetics packaging market. Increasing awareness in consumers regarding the environment is also helping cosmetics packaging to take improve its position in the market.
Biodegradable Cosmetics Packaging Market- Segmentation
Global biodegradable cosmetics packaging market is segmented based on material, packaging and application.
On the basis of Material, biodegradable cosmetics packaging market can be segmented into:
- Paper & pulp
On the basis of Packaging, biodegradable cosmetics packaging market can be segmented into:
- Containers/ Jars
On the basis of Application, biodegradable cosmetics packaging market can be segmented into:
- Nail care
Biodegradable Cosmetics Packaging Market- Key Players
Global biodegradable cosmetics packaging market is highly competitive and consists of some major player who contributes to a good proportion of market revenue. Key players in the biodegradable cosmetics packaging market are as follows:
- Mondi plc
- Eco Vision Inc.
- Weltrade Pty Ltd.
- Cortec Corporation
- BASF SE
- CHIC CHIQ
- Elevate Packaging, Inc.
- International Paper Co.
Biodegradable Cosmetics Packaging Market- Regional Outlook
Biodegradable cosmetics packaging revolutionized retail markets all over the world and became the ultimate choice for many cosmetics retail chains and manufacturers. Biodegradable cosmetics packaging is extremely popular in North America and Europe due to its environmental benefits and high disposable income of retail shoppers. In the Asia Pacific regions, China is the biggest manufacturer of biodegradable cosmetics packaging. It is also the greatest exporter. India is also a potential business market for the biodegradable cosmetics packaging in the Asia Pacific.
The biodegradable cosmetics packaging market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report on Biodegradable cosmetics packaging market provide in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies of the Biodegradable cosmetics packaging market.
The Regional analysis includes –
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa (MEA)
- A detailed overview of the parent market
- Changing market dynamics in the cosmetics packaging industry
- In-depth segmentation of the biodegradable cosmetics packaging market
- Historical, current, and projected size of the market, regarding volume and value
- Recent industry trends and developments in biodegradable cosmetics packaging market
- Competitive landscape in the market
- Strategies for key players operating in the market and products offered by them
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on performance of the market
- Must-have information for market players to sustain and enhance their market footprint.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.