Stamped & Anodized Aluminum Components for Beauty Packaging Market to reach US$ 5,450.6 million by 2026 - Coherent Market Insights

Published On : Nov 26, 2019

The global stamped & anodized aluminum components for beauty packaging market was valued at US$ 3,676.6 million in 2018, according to the Stamped & Anodized Aluminum Components for Beauty Packaging Market Report, by Technology (Multi-step and Continuous), by Stamping Process Type (Blanking, Piercing, & Punching, Deep-Drawing, Bending, Coining, Metal Laser Cutting and Others), by Anodized Technology (Manual and Automated), by Component Type (Caps, Ferrules, Mounting Cup, Tube & Containers, Actuator Metal Shell, Pencils, Twist & Click Pen, Metal Collar, and Others), by Application (Perfume & Fragrance, Oral Care, Hair Care, Skin Care, and Color Cosmetics) and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) published by Coherent Market Insights.

A significant percentage of aluminum is recycled as it helps in cutting down the cost and the material is not easily damaged. According to the U.S. Environmental Protection Agency and Aluminum Association Industry, the total recycling rate of an aluminum container and packaging was 36.4% in 2015. Therefore, companies are focusing on making use of recyclable aluminum material for manufacturing beauty packaging components.

Anodization of aluminum requires high setup cost in case of R&D facilities. Furthermore, aluminum anodizing companies require around four years for designing the entire setup. Customers purchasing anodized aluminum beauty packaging products require customization for their product portfolio, which adds to the overall cost of manufacturing.

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https://www.coherentmarketinsights.com/market-insight/stamped-and-anodized-aluminum-components-for-beauty-packaging-market-3098

Browse 220 market data tables* and 70 figures* on "Stamped & Anodized Aluminum Components for Beauty Packaging Market” - Global forecast to 2027.

Key Trends and Analysis of the Stamped & Anodized Aluminum Components for Beauty Packaging Market:

  • Among anodized technology, the automated segment accounted for the largest volume share in the global stamped & anodized aluminum components for beauty packaging market in 2018. In case of automated aluminum anodizing, the output is precise as the machine, and once calibrated, will provide the user with the required product, thus increasing the quality of output.
  • Among application, in 2018, the color cosmetics segment dominated the global market in terms of volume consumption. As stamped & anodized aluminum components are majorly consumed in color cosmetic packaging to improve its aesthetical appeal, the segment is projected to register the fastest growth in the global market throughout the forecast period.
  • Asia Pacific is projected to witness the fastest growth during the forecast period. In 2018, Asia Pacific market accounted for over 24.8% share in the global market, owing to the expanding beauty and skin care industry which is driving demand for stamped & anodized aluminium components in Asia Pacific. According to the International Trade Administration (ITA), in 2014, the total imports of makeup and skin care preparations in Australia were valued at US$ 633,433 thousands, and reached US$ 688,731 thousands in 2015. According to the same source, in 2013, South Korea’s total import of makeup and skin care preparations was valued at US$ 878.3 Mn, which increased to US$ 937.0 Mn in 2015.

Key Takeaways of the Market:

  • In today’s world, the perception of consumers is that plastic is not good for the environment so marketers are reluctant to promote plastic components. They prefer to market cosmetic packaging components made of aluminum, tin-plate or other metals.
  • Key players operating in the global stamped & anodized aluminum components for beauty packaging market include Anomatic Corporation, Euscher GmbH & Co. KG, Seidel GmbH & Co. KG, TESEM, Qualipac Metal, Albea S.A., Coster Group, COVIT S.L., Thomas Group, Reboul SAS, Cabagaglio Packaging S.r.l., Crown Holdings, Inc., Acme Cosmetic Components, GuangZhou Lihua Hardware & Plastic Products Co., Ltd., Grupo Industrial Alespri, and Majesty Packaging Systems Co., Ltd., among others.
  • In February 2019, Albea S.A. acquired Covit S.L., a manufacturer of metal parts, from PHI Industrial private equity fund. Covit S.L. is involved in deep drawing, anodizing, assembly, and decoration of metal parts for packaging products, based in Torelló, Spain. This acquisition helped Albea Group expand its packaging business in the Europe market.
  • In June 2019, Coster Group partnered with Catidom, a France-based supplier of anodized metal components for metal anodization of metal components. In the partnership, Catidom will supply anodized custom aluminum for pumps (actuator shells, ferrules, and collars) and bottles (caps and closures) to perfumery business of the Coster Group.

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