A change in consumer preferences is one of the primary factors leading to the ascension of the Industrial Bulk Packaging market for cosmetic industry. Rising per capita income of consumers is promoting higher level of disposable income, in turn, leading to an upsurge in the demand for cosmetics.

Regional Analysis

The global Industrial Bulk Packaging market is studied for the regional segments of North America, Asia Pacific, Europe, and the Rest of the World. Asia Pacific held the largest share, at 37.50%, of the Industrial Bulk Packaging market for cosmetic industry at the beginning of the forecast period. Europe held the second-largest share of the global Industrial Bulk Packaging market for cosmetic industry in the base year, followed by North America.

Asia Pacific is expected to retain such dictation in the global Industrial Bulk Packaging market for cosmetic industry over the forecast period. This can be owed to the expanding product lines for cosmetic products based on e-retailing and affordability. Further, a rise in the disposable income of consumers, coupled with a rise in the number of manufacturing facilities for cosmetics in the APAC region is promoting sizeable growth in the Industrial Bulk Packaging market for cosmetic industry.

Segmentation

Based on product, the global Industrial Bulk Packaging market for cosmetic industry is segmented into drums, pails, shipping sacks, bulk boxes and material handling containers. Among these segments, the global Industrial Bulk Packaging market for cosmetic industry is led by the pails segment over the forecast period. Such domination can be attributed to their performance and higher cost-effectiveness as compared to other types of Industrial Bulk Packaging.

Industry Update

July 2019: Berry Global recently announced the completion of their acquisition of RPC Group for approximately USD 6.5 billion. Such acquisition has resulted in a leading global supplier of value-added protective solutions and is now one of the world’s largest plastic packaging companies.