The growth of the market is attributed to the rapidly growing cosmetic industry; rising trend of wearing makeup among women; and the increasing number of makeup studios, beauty clinics, and salons across the globe. Furthermore, the manufacturers focus on creating better packaging design and branding their product smartly through innovative packaging to attract consumers. Also, the growing sales of cosmetic products through online retail channels would bolster the market growth during the forecast period.
In 2020, Asia Pacific held the largest share of the global cosmetic packaging market and is estimated to register the highest CAGR in the market during the forecast period. The market in Asia Pacific is categorized into China, India, Japan, South Korea, and Australia. Countries, such as South Korea, China, and Japan, are among the major market for cosmetic and personal care products due to the growing popularity of their unique makeup and skincare routines. The Asia Pacific cosmetic packaging market is witnessing significant growth due to rapid urbanization, remarkable economic development, cultural diversity, and the growing adoption of emerging makeup trends.
In recent years, there has been an increase in consciousness regarding personal appearance among individuals, leading to an increase in the demand for cosmetic products. North America and Europe are considered the biggest cosmetic markets globally. According to the data from L’Oreal, the global cosmetic industry witnessed a growth rate of 5.5% in 2019. According to Cosmetics Europe, the European cosmetic market grew from US$ 89.30 in 2018 to US$ 90.66 in 2019. Additionally, an increase in demand for cosmetics due to the shifting grooming trends among men and women is expected to drive the cosmetic industry. In recent years, the industry has shifted from a feminine-oriented products base toward an industry serving all genders, which has expanded the consumer base for the industry. The expanding consumer base from the cosmetic industry has led to high demand for cosmetic packaging products driving the market growth further.
ALBEA; APC PACKAGING; AptarGroup, Inc.; Berry Global Inc.; Gerresheimer AG; WWP Beauty; Silgan Plastics.; Huhtamaki; LIBO Cosmetics; and HCP Packaging are among the players operating in the cosmetic packaging market. These companies provide a wide range of product portfolio for the market. The companies have their presence in the developing regions, which provides lucrative opportunities for the cosmetic packaging market growth. The market players are developing high-quality and innovative products to meet the customer’s requirements.
The regional trends and factors influencing the Cosmetic Packaging Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Cosmetic Packaging Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 31.06 Billion |
| Market Size by 2028 | US$ 43.6 Billion |
| Global CAGR (2021 - 2028) | 5.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Cosmetic Packaging Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Cosmetic Packaging Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The "Global Cosmetic Packaging Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global cosmetic packaging market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The cosmetic packaging market is segmented on the basis of product type, material, application, and geography. By type, the cosmetic packaging market is segmented into tubes, bottles, jars, pumps and dispensers, and others. By material, the market is segmented into glass, plastic, paper, metal, and others. By application, the cosmetic packaging market is segmented into skin care, hair care, oral care, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America.
The rise in sustainable and eco-friendly packaging is the key trend for the global cosmetic packaging market. The use of plastic packaging in the cosmetic industry has a harmful impact on the environment. This has led to an increased focus on developing sustainable and environment-friendly packaging.
Based on type, the bottle segment led the global cosmetic packaging market in 2020. Cosmetic products need protection from oxygen exposure, dust and cross-contaminants may affect the quality of the product. Bottles are available in different sizes and shapes, and are made of plastic or glass. Glass bottles are a popular choice for cosmetic packaging. Glass bottles enhance the product packaging in terms of quality.
Based on application, skin care is expected to be the fastest growing segment during the forecast period. The skin care products include face cream, moisturizers, cleansers, face wash, and sunscreen. Continuous technological developments in the cosmetics and personal care sectors coupled with innovations and research & development expenditures are expected to propel the growth of cosmetic packaging.
In 2020, Asia Pacific accounted for the largest share of the global cosmetic packaging market. The cosmetic packaging industry is anticipated to expand faster due to increasing awareness of skin care, hair care, and personal care.
The growth of the cosmetic industry and rising demand for flexible packaging drives the global cosmetic packaging market. Awareness about external beauty has become one of the major driving factors for the use of cosmetics across the globe. Innovative package designs and increasing demand for cosmetics due to the growing youth population are anticipated to drive the market.
Some of the major players operating in the global cosmetic packaging market are ALBEA; APC PACKAGING; AptarGroup, Inc.; Berry Global Inc.; Gerresheimer AG; WWP Beauty; Silgan Plastics.; Huhtamaki; LIBO Cosmetics.; and HCP Packaging.