The cosmetic packaging market valued more than USD 27.9 billion in 2020, the cosmetic packaging market is set to grow at a compounded annual growth rate of 4.1%. The market is expected to reach an approximate valuation of USD 37.0 billion by the end of 2027.
Cosmetic packaging is a systematic type of packaging often applied for the protection and branding of the cosmetic products. Ideal cosmetic packaging can behold the product from all the wear and tears during transportations and handling. Packaging can be done in many varied forms such as tubes, pouches, jars, bags, cans, and many others. These packaging can be fabricated from materials such as plastic, paper, metal, and glass. Cosmetic packaging plays a vital role in serving a good product experience and reaching customers by combining customizable extensions to the package design. Packaging also protects product from dust, dirt, moisture, heat, cold, and sunlight.
The growing need for innovative, customized, and premium packaging from the cosmetic industry is primarily expected to drive the global cosmetic packaging market growth. Cosmetic packaging plays a vital role in serving a good product experience and reaching customers by combining customizable extensions to the package design. Packaging is also adopted mainly to shield the cosmetic product inside the packaging from dust, dirt, moisture, heat, cold, and sunlight. A product like perfumes, lipsticks, eyeliner, and many others allows heavy and innovative cosmetic packaging. Factors such as development of new & innovative packaging material and increase in demand for the use of sustainable & environmental-friendly packaging are providing lucrative opportunities for the market.
Cosmetic Packaging Market Can be Segmented as:
By Material :
By Application :
By Region :
The unique insights provided by this report also includes the following:
The bottles segment is expected to account for the largest share of the cosmetic packaging market during the forecast period
Based on the type, the cosmetic packaging market can be segmented as bottles, tubes, jars, containers, blister & strip packs, aerosol cans, folding cartons, flexible plastics, and others. The bottle segment was the largest market for cosmetic packaging in 2020. The dominance of the bottle market can be attributed to their durability and ease of use. Plastic bottles are very popular because they are light in weight and do not break easily. Moreover, due to the attractive and high-end appearance of glass bottles, the demand for perfumes and perfume bottles is increasing rapidly.
Paper-based segment was the largest share of cosmetic packaging market and is expected to maintain its dominance during the forecast period
On the basis of material type, cosmetic packaging can be segmented as glass, metal, paper-based, rigid plastic, and flexible packaging. The paper-based segment is expected to be the fastest-growing segment in the cosmetic packaging market. Aspects such as recyclability, durability, and environmental friendly material make it a widely used material for packaging cosmetic products.
The Skin care segment is expected to account for the largest share of the market during the forecast period.
In terms of application, the skincare segment was the largest segment of the cosmetic packaging market in 2020 and is expected to maintain it’s dominance during the forecast period. This dominant position in the market is due to the exponential growth in demand for personal care and personal care products worldwide. With the change in lifestyle and shopping habits and increasing pollution across the world, the demand for skin care and personal care products has also increased which has created an opportunity for the skincare segment.
Based on Regions, the Asia Pacific region is expected to grow with the highest CAGR global market during the forecast period.
In 2020, the Asia-Pacific region was accounted for the largest market share. The increase in regional demand for cosmetic packaging can be largely attributed to large population base, increasing awareness about beauty products, and growing disposable income of people. In addition, investment by market players in the region due to less stringent regulations on raw materials and availability of low-cost labour is likely to boost the market in coming years.
Company Profiles and Competitive Intelligence:
The major players operating in the global cosmetic packaging industry includes Amcor Limited, Berry Global Inc., Sonoco, Huhtamaki Oyj, Albea SA, HCP Packaging, TriMas Corporation, AptarGroup, Inc., Gerresheimer AG, DS Smith PLC, World Wide Packaging LLC, Graham Packaging International, Libo Cosmetics Co., Ltd., Albea, RPC Group Plc, Silgan Holdings, Bemis Company Inc., among others.
The report also provides in-depth analysis of market dynamics such as drivers, restraints opportunities and challenges
Snapshot of Drivers, Restraints, Opportunities and Challenges of the Cosmetic Packaging market
Rising penetration of cosmetics in the developing economies
Need for innovative, customized, and premium packaging from the cosmetic industry
The report also provides in-depth impact analysis of market trends of the of Cosmetic Packaging:
|The Cosmetic Packaging industry players are decreasing their production due to the shutdown of overall market owing to the ongoing Covid-19 pandemic||Negative|
|Continuous product innovation and technological advancements||Positive|
|Rising penetration of cosmetics in the developing economies||Positive|
The report also provides analysis of recent news and developments in the Cosmetic Packaging market value chain:
|Sr. No.||Date||News Category||Description|
|1||Jan-20||Business Expansion||Albea SA opened a new plant for the manufacturing of metal parts for its skincare and cosmetic packaging Huai’an (China).|
|2||Dec-19||Business Expansion||AptarGroup opened a new sales office in Dubai. This sales office will be operated for all the three segments of the company namely, beauty & home, food & beverage and pharma. With this expansion, the company aims to target the customers of several countries in the Middle East.|
|3||Dec-19||Acquisition||Huhtamaki acquired complete ownership of the joint venture company Laminor S.A. (Brazil), which was established in 2002 as a 50/50 joint venture with Bemis Company (now part of Amcor). Laminor S.A. was specialized in manufacturing tube laminates, particularly for oral care applications. This acquisition is expected to expand Huhtamaki’s tube laminate business and further its flexible packaging product portfolio.|
Company Profiles and Competitive Intelligence:
The key players operating in the market are:
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