Cosmetic Packaging Market Trends and Industry Analysis - 2028

The cosmetic packaging market was valued at US$ 31,064.7 million in 2021 and is projected to reach US$ 43,597.9 million by 2028; it is expected to grow at a CAGR of 5.0% from 2021 to 2028.

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.

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Cosmetic Packaging Market: Strategic Insights

Cosmetic Packaging Market

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  CAGR (2021 - 2028)

  5.0%
• Market Size 2021
  US$ 31.06 Billion
• Market Size 2028
  US$ 43.6 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• ALBEA SA
• APC PACKAGING
• APTARGROUP INC
• BERRY GLOBAL INC
• Gerresheimer AG
• HCP Packaging
• Huhtamaki Global
• Libo Cosmetics Co Ltd
• Silgan Plastics

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Tubes
• Bottles
• Jars
• Pumps and Dispensers

Material

• Glass
• Plastic
• Paper
• Metal

Application

• Skin Care
• Hair Care
• Oral Care

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Impact of COVID-19 Pandemic on Cosmetic Packaging Market

The COVID-19 pandemic had significantly disrupted the manufacturing sector in terms of operational efficiency owing to extended lockdowns across different regions; manufacturing units shutdown; restrictions on travel, international trades, and supply chain; and shortage in the raw materials supply. The COVID-19 pandemic has negatively impacted the global cosmetic packaging market owing to the shutdown of manufacturing units, rising prices of raw material, shortage of labor, disruption of supply chains, and financial instability. Moreover, the disruption of the cosmetic industry due to economic slowdown caused by the COVID-19 outbreak has hindered the growth of the cosmetic packaging market. However, businesses are gaining ground as previously imposed limitations are being eased across various countries. Moreover, the introduction of COVID-19 vaccines by governments of different countries has further eased out the situation, leading to rise in business activities across the world. Furthermore, governments of different countries are planning to develop modern and technologically advanced infrastructure to mitigate the economic impacts of the pandemic. In the lockdown, consumers followed skin care treatments and therapies at home, which has significantly propelled the demand for cosmetic products. Thus, despite the impacts of the COVID-19 pandemic, the cosmetic packaging market is expected to gain a significant growth in the coming years.

Market Insights
Growing Cosmetic Industry

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.

Application Insights

Based on application, the global cosmetic packaging market is segmented into skin care, hair care, oral care, and others. In 2020, the skin care segment accounted for the largest revenue share. The rising number of beauty influencers launches various makeup and skin care tutorials that are gaining high popularity among the people. Moreover, the increasing trend of using products, such as sun protection cream, skin repair night creams, and fragrances, drives the demand for skin care products. The cosmetics packaging is used for various skincare products, such as moisturizers, hand creams, cleansers, and exfoliators. Skincare products packaging is designed to protect the product from air, light, heat, cold, moisture, dust, and dirt and keep it safe from tampering. For example, polypropylene packaging is used in a wide range of skincare products due to its flexibility, making it a superior choice for squeezable tubes. Moreover, skincare brands have started to recognize the environmental benefits of skincare packaging.

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.

Report Spotlights

• Progressive industry trends in the cosmetic packaging market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the cosmetic packaging market from 2019 to 2028
• Estimation of global demand for cosmetic packaging
• Porter’s five forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario
• Market trends and outlook as well as factors driving and restraining the growth of the cosmetic packaging market
• Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
• The size of the cosmetic packaging market size at various nodes
• Detailed overview and segmentation of the market, as well as the cosmetic packaging industry dynamics
• Size of the cosmetic packaging market in various regions with promising growth opportunities

Cosmetic Packaging Market Report Scope

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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.

Company Profiles

• ALBEA
• APC PACKAGING
• AptarGroup, Inc.
• Berry Global Inc.
• Gerresheimer AG
• WWP Beauty
• Silgan Plastics.
• Huhtamaki
• LIBO Cosmetics
• HCP Packaging