Cosmetic Packaging Market to Grow with a CAGR of 4.52% Globally through 2028
Increasing
demand for cosmetic products and growing popularity of sustainable packaging
are factors driving the Global Cosmetic Packaging market in the forecast period
2024-2028.
According to
TechSci Research report, “Global Cosmetic Packaging Market - Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Cosmetic Packaging Market stood at USD 33.28 billion in 2022 and is
anticipated to grow with a CAGR of 4.52% in the forecast period, 2024-2028. The
cosmetic packaging market is a dynamic and rapidly evolving sector within the
beauty and personal care industry. It serves as the first point of contact
between consumers and products, making it a crucial element in brand
differentiation, consumer engagement, and product preservation.
The future of
the cosmetic packaging market looks bright. The market is expected to continue
to grow in the coming years, driven by the factors mentioned earlier. The
increasing demand for innovative and sustainable packaging solutions will be a
key trend in the market. In addition, the growing importance of packaging for
brand differentiation will also drive the market growth.
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market data Figures spread through 185 Pages and an in-depth TOC on "Global Cosmetic
Packaging Market”
In recent years,
packaging in the cosmetics sector has advanced greatly. Among the other
industries, the cosmetics business has the most diversified packaging needs.
The materials utilized range from various metals to glass, paper, and plastics,
and these materials can be used to create containers in a variety of sizes,
shapes, and configurations with or without dispensing systems.
Consumers are
becoming more aware of the environmental impact of packaging and are demanding
more sustainable options. This is driving the demand for packaging made from
recycled materials, or materials that are biodegradable or compostable. The
growth of e-commerce is also having an impact on the cosmetic packaging market.
E-commerce retailers need packaging that is lightweight and easy to ship, while
still protecting the product inside. This is driving the demand for innovative
packaging solutions, such as vacuum-sealed pouches and airless bottles.
Consumers are increasingly
demanding personalized products, and this is also being reflected in the
packaging market. Cosmetic brands are offering personalized packaging options,
such as custom-printed bottles or jars. The cosmetic packaging market is also being impacted by digitalization.
Cosmetic brands are using digital printing and other technologies to create
more interactive and engaging packaging. This is helping them to connect with
consumers on a more personal level.
One of the main packaging
materials used in the cosmetics sector is plastic, which is used in primary
containers, secondary flexible pouches, caps, closures, and the nozzle. One
important container in the cosmetics sector is the plastic tube because it can
retain liquid-solid and semisolid materials and distribute products in precise
amounts. Additionally, it can offer superior contamination prevention when
compared to alternative container tubes.
Companies are attempting to
lead the change by developing a strategy to address climate change and lessen
the environmental effects of packaging. For instance, Stora Enso developed
barrier-coated, grease-resistant paperboard tubes for the packaging of
cosmetics. This tube packaging approach is excellent for the first packaging of
skin cream products and is regarded as a fresh, environmentally responsible
substitute for plastic tubes. However, the cosmetics sector is currently
working together to reduce the negative effects of plastic pollution through
innovative packaging ideas and cutting-edge formulations.
The Global Cosmetic
Packaging Market is segmented into type, material, packaging type, regional
distribution, and company.
The skincare
industry dominated the market in 2022, accounting for largest share in the
market. In the upcoming years, demand for natural skin care products is
anticipated to increase as more people become aware of their benefits and lack
of side effects. As skin issues caused by UV rays have become more prevalent,
the creation of new skin care products has had an impact on the growth of the
skincare business. Due to the launch of new product lines such wrinkle and sun
protection creams, anti-aging creams, and others, the industry's demand for the
category is anticipated to increase throughout the projected period.
Based on region,
Asia Pacific led the market with leading market share and is anticipated to
register a significant CAGR in the near future. In Asia Pacific, Japan
contributes to the majority of shares and is expected to dominate over the
forecast period. Introduction of different varieties of the product and growing
adoption by the consumers due to increasing awareness about different benefits
such as anti-tanning solution has driven the market in the region.
Major companies
operating in global cosmetic packaging market are:
- Albea
- HCP Packaging
- RPC Group Plc
- Silgan Holdings
- Bemis Company Inc.
- DS Smith
- Graham Packaging Company
- Libo Cosmetics
- AptarGroup Inc.
- AREMIX Packaging
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“The cosmetic
packaging market has experienced robust growth driven by evolving consumer
preferences and sustainability demands. As beauty brands increasingly
prioritize eco-friendly and innovative packaging materials, the market has
responded with a surge in sustainable, customizable, and technologically
advanced solutions. This growth is further propelled by the global expansion of
the beauty industry and the rising importance of packaging as a means of brand
differentiation. With consumers seeking both aesthetics and sustainability, the
cosmetic packaging market is poised for continued expansion and innovation.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Cosmetic Packaging Market By Type (Hair
Care, Skin Care, Nail Care, Make-up, Others), By Material (Plastic, Paper,
Metal, Glass, Others), By Packaging Type (Tubes, Bottles, Dispensers, Other),
By Region, By Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of global cosmetic packaging market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global cosmetic packaging market.
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