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

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.