USD 50 billion
Cosmetic Packaging Market Size, Share, Growth Analysis, By Cosmetic Type(skincare, make-up, and nail care), By Material(plastic, paper, metal, and glass), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30L2113 |
Region:
Global |
Published Date: February, 2024
Pages:
273
|Tables:
64
|Figures:
75
Cosmetic Packaging Market Insights
Cosmetic Packaging Market size was valued at USD 50 billion in 2019 and is poised to grow from USD 51.8 billion in 2023 to USD 68.74 billion by 2031, growing at a CAGR of 3.6% in the forecast period (2024-2031).
During the forecast period, the market is anticipated to be driven by changing packaging styles, novel package designs, and rising cosmetics demand as a result of the growing youth population. In addition, the market is anticipated to be driven by rising cosmetics demand as a result of shifting grooming trends among people of both genders.
For the purpose of selling cosmetics, manufacturers rely heavily on extensive advertising across a variety of media. The packaging industry's overall expansion in the coming years will be impacted by innovation in packaging, which is essential for attracting customers. Additionally, due to shifting lifestyles and rising disposable income, emerging economies like China and Japan present a significant opportunity for the cosmetics industry's expansion. As a result, the market for this industry is directly impacted by rising demand for cosmetics, which will drive global industry expansion over the forecast period. In order to gain a competitive advantage, the cosmetics industry has seen an increase in product and packaging innovation as a result of the increasing number of new entrants. The cosmetics packaging market is expected to expand as a result of these and other prominent factors during the forecast period.
US Cosmetic Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
skincare
Fastest Growth
makeup
Growth Rate
3.6% CAGR
Global Cosmetic Packaging Market 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
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Cosmetic Packaging Market Segmental Analysis
The Cosmetic Packaging is segmented on the basis of Cosmetic Type, Material type and Region. Whereas, By Cosmetic Type, it is sub segmented into the hair care, skincare, make-up, and nail care. By Material type, it is sub segmented into the plastic, paper, metal, and glass. By Region, it is segmented on the basis of North America, Latin America, Europe, Asia Pacific,and MEA.
Cosmetic Packaging Market Analysis by Cosmetic type
Based on the Cosmetic type, In 2021, the market was dominated by the skincare sector, which generated 47.9 percent of all revenue. Demand for natural skin care products, which have no side effects and are good for the skin, is expected to rise in the coming years as more people become aware of them. The development of new skin care products has had an effect on the expansion of the skincare market as UV ray-related skin problems have increased. The industry's demand for the segment is expected to rise during the forecast period as a result of the introduction of new product lines like wrinkle and sun protection creams, anti-aging creams, and others.
With a CAGR of 5.7% over the forecast period, makeup is anticipated to emerge as the fastest-growing segment. One of the primary contributors to the segment's expansion over the past few years has been the expanding number of working-age females in the workforce.
Cosmetic Packaging Market Analysis by Material type
Based on the Material, With a market share of 62.5 percent in 2021, the plastic sector is anticipated to experience significant expansion in the near future. Due to its wide range of applications and low cost, plastic packaging is highly preferred by manufacturers. Companies prefer to use plastic as a packaging material in order to divide the product into smaller units, which contributes to the expansion of the market. In any case, producers are moving to eco-accommodating bundling or potentially green bundling because of expanding social mindfulness, which can limit the section development soon. Despite this, businesses continue to favor plastic as a packaging material in order to serve the middle class. Due to the large number of economic groups worldwide, this, in turn, can overcome the constraining factor.
In 2021, the paper segment held a significant share of the market and is anticipated to grow at a CAGR of 5.9% over the forecast period. Paper is utilized extensively in the market as a secondary packaging material.A significant driver of segment expansion is also the rise in environmentally friendly packaging.
Global Cosmetic Packaging Market By cosmetic type 2021 (%)
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Cosmetic Packaging Market Regional Insights
China accounted for more than three-fifths of the total value of the Asia-Pacific market in 2021, which was worth USD 15.7 billion. China has the world's second-largest market for beauty products, following the United States. It is anticipated that the country and region's utilization of therapeutic activities will increase as a result of the rapid expansion of discretionary cash flow and the growing number of children. Computerized change is significantly driving business sector development nearby as web-based entertainment forces to be reckoned with have further developed means to contact and influence active individuals via virtual entertainment platforms. As adolescents' awareness of the natural world grows, so does the acceptance of eco-friendly bundling options like paper and board, bamboo, bamboo originator bundling, and glass.
Due to the overwhelming dominance of the United States, North America ranks second on the watch list. Beauty care products and their bundles are primarily produced in the United States.In many parts of the world, it trades a lot of healing goods. In addition to regular products, the region's manufacturers are selecting green bundle arrangements.In a similar vein, consumers in the European district are also opting for practical bundle deals. Because local customers are switching to post-customer reused (PCR) packaging, manufacturers of beauty products are at the cutting edge of incorporating PCR plastic packaging into their products whenever possible.
Global Cosmetic Packaging Market By Geography, 2021-2028
- Largest
- Fastest
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Cosmetic Packaging Market Dynamics
Cosmetic Packaging Market Drivers
Rise of Social Media Influence is Triggering Cosmetic Packaging Demand
- The cosmetics industry is rapidly expanding into developed as well as developing nations. Due to shoppers' preference for high-quality beauty care products and other goods, their discretionary income has increased. Beauty care product companies are creatively bundling their products and updating their product plans in order to attract more customers. As a result, it is anticipated that the area will substantially expand throughout the estimation period.
- In addition, computerized change is offering appealing opportunities to the market as additional customers become aware of the things offered in the area through virtual entertainment and online channels. The competition in the specific and custom-tailored restorative bundling sector is heating up as a result of the rapid computerized change. In addition, creating restorative manufacturers are utilizing extraordinary bundling options in order to increase their market presence and gain an advantage over planned projects. It is anticipated that this rivalry will support market growth.
- A rise in the number of business foundations is also driving the restorative bundling market as a whole. The overall business should be created in view of factors, for instance, meaningfully altering people's lifestyles and greatness and skincare region organizations. In addition, a variety of beauty care products are utilized more frequently at work than at home. During the anticipated time, this pattern is expected to continue, generating interest in restorative bundling. Interest in restorative bundling is being fueled by the current economic climate in emerging business sectors and the growing emphasis on preparation.
Cosmetic Packaging Market Restraints
Regulations to Curb Plastic Consumption to Hinder Market Growth
- In this sector, plastics are the most frequently used packaging material, and the majority of them end up in landfills. As indicated by EPA (US Natural Insurance Office),around 70% of the plastic waste created by the beauty care products market isn't reused,driving its direction to the landfills. In addition, the majority of primary packaging is made of single-use plastic paper, and many of them are multilayered to give the impression of premium quality, which contributes to the excessive waste of plastics. In addition, it was discovered that micro beads, which are tiny plastic particles added to rinse-off personal care products as an exfoliant, are seriously harming the marine environment and other bodies of water. Consequently, the Personal Care Products Council (PCPC) announced in 2014 that micro beads would be phased out in the United States, and the same thing was done in Europe in 2015.
- Microbeads in cosmetics are currently prohibited in many nations. Taiwan, the United Kingdom, France, Canada, New Zealand, Italy, Sweden, and South Africa are among these nations. This demonstrates the global awareness of the increasing use of plastics in packaging and formulations as well as shifting consumer preferences.
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Cosmetic Packaging Market Competitive Landscape
Leading brands like Amcor, ALPLA Group, and Berlin Packaging are increasing their production capacity in response to rising demand for and utilization of cosmetic packaging that is extremely adaptable. Key market players are accelerating research and development efforts to create packaging solutions of higher quality tailored to the cosmetics industry's specific needs. Companies are forming strategic alliances to boost R&D efforts and increase their presence in the rapidly expanding market as beauty and cosmetics trends change.
Cosmetic Packaging Market Top Players Company Profiles
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Gerresheimer AG
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Albea S.A.
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HCP Packaging
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RPC Group plc
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Silgan Holdings Inc.
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Quadpack Industries
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Libo Cosmetics Company, Ltd.
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Cosmopak USA LLC
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Lumson SPA
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Quadpack Group
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Gerresheimer AG
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Cosmopak USA LLC
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HCT Group
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Alpha Packaging
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Graham Packaging Company
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Coverpla Inc.
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Raepak Ltd.
Cosmetic Packaging Market Recent Developments
- In June 2021, Berry Global, a packaging solution providing company, partnered with RAW Elements USA to launch sugarcane-based tubes for sunscreen, moisturizers, and hand sanitizer products.
- In January 2021, Amcor, a global manufacturer of packaging, accelerated its leadership toward sustainable packaging solutions. The company is focused on improving the recyclability and reusability of packaging
Cosmetic Packaging Key Market Trends
- Cosmetics with green, organic, and cleaner ingredients are becoming increasingly popular with consumers. Cosmetics manufacturers are not only making better products, but they are also smartly branding their products by using creative packaging to attract more and more customers. As more consumers become aware of the various products available on the market through social media and online platforms, digital transformation is creating lucrative opportunities. The customized and specialized cosmetic packaging industry is experiencing intense competition as a result of rapid digital transformation. Innovative packaging solutions are being used by new cosmetics brands to increase their market share and gain an advantage over established brands.
Cosmetic Packaging Market SkyQuest Analysis
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our global cosmetic packaging market analysis, China accounted for more than three-fifths of the total value of the Asia-Pacific market in 2021, which was worth USD 15.7 billion. Based on the Cosmetic type, In 2021, the market was dominated by the skincare sector, which generated 47.9 percent of all revenue.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 50 billion |
| Market size value in 2031 | USD 68.74 billion |
| Growth Rate | 3.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cosmetic Packaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cosmetic Packaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cosmetic Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cosmetic Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cosmetic Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cosmetic Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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