Pune, India, Aug. 25, 2022 (GLOBE NEWSWIRE) -- The global cosmetic packaging market size was USD 29.81 Billion in 2020. The market is projected to grow from USD 30.98 billion in 2021 to USD 40.96 Billion in 2028 at a CAGR of 4.1% during the 2021-2028 period. This information is stated by Fortune Business Insights™ in its report titled, “Cosmetic Packaging Market, 2021-2028.”
According to our research experts, cosmetics packaging plays an essential part in the promotion and advertising of several cosmetics products by enticing consumer attention. Numerous graphical and packaging designs are crucial to make the cosmetics packaging seem attractive.
List of Key Players Covered in the Report
- Amcor (Switzerland)
- Sealed Air Corporation (U.S.)
- ALPLA Group (Austria)
- Aptar, Inc. (U.S.)
- HCP Packaging (China)
- Berry Global (U.S.)
- Berlin Packaging (U.S.)
- Bemis Company (U.S.)
- Albea SA (India)
- BIG SKY PACKAGING (U.S.)
- DS Smith (U.K.)
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Drop in Cosmetics Demand amid COVID-19 to Impact Market Development
The COVID-19 pandemic led to various disruptions, including widespread economic instability. Consequently, consumer spending on non-essential items including cosmetics experienced a decline during 2020. In addition, with the majority of consumers staying at home due to lockdowns, the use of cosmetics dropped considerably. As a result, shifting preferences of consumers and changing purchasing behaviors impacted cosmetics demand globally, affecting the demand for cosmetics packaging.
Report Scope & Segmentation
| Report Attribute | Details |
| Market size value in 2021 | USD 30.98 Billion |
| Revenue forecast in 2028 | USD 40.96 Billion |
| Growth Rate | CAGR of almost 4.1% 2021-2028 |
| Base Year | 2020 |
| Historic Years | 2017 - 2019 |
| Forecast Years | 2021- 2028 |
| Segments Covered | By End-Use, By Application |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, South America, and Middle East & Africa, and Rest of World |
| Countries Covered | Unites States, Canada, Mexico, Unites Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Number of Companies Covered | Amcor (Switzerland) Sealed Air Corporation (U.S.) ALPLA Group (Austria) Aptar, Inc. (U.S.) HCP Packaging (China) Berry Global (U.S.) Berlin Packaging (U.S.) Bemis Company (U.S.) Albea SA (India) BIG SKY PACKAGING (U.S.) DS Smith (U.K.) |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Report Coverage
We provide our reports which are conducted with an all-inclusive examination approach that majorly emphasizes on delivering precise material. Our scholars have applied a data triangulation method which further assists us to offer trustworthy estimations and test the general market dynamics accurately. Further, our analysts have received admission to numerous international as well as regional funded registers for providing the up-to-date material so that the stakeholders and business professionals invest only in essential zones.
Worldwide Cosmetic Packaging Scope:
The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative analysis of the market including PEST analysis, SWOT analysis, and Porter’s five force analysis. Cosmetic Packaging Market report focuses on major six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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Segmentation:
By material, the market is divided into:
- Glass
- Paper & Board
- Plastic
- Metal
- Others
Based on application, the market is segregated into:
- Skincare
- Hair care
- Makeup
- Nail care
On the basis of geography, the global market is separated into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Drivers and Restraints
Rising Usage of Cosmetics Products to Thrust Market Growth
The cosmetics market is promptly growing its trail in emerging nations and as a consequence the demand is also rising. The growing flexible income and surging consumer alertness toward beauty and cosmetics products are the principal aspects navigating the demand for cosmetic products.
Customers have also become more open toward the usage of cosmetics as eco-friendly, organic, and cleaner products are paving their path in the market. Additionally, brands are also logically classifying their products to appeal more and more users. This is expected to bolster the cosmetic packaging market growth during the forecast period.
Regional Insights
Asia Pacific held the maximum cosmetic packaging market share and was worth USD 10.39 billion in 2020, with China responsible for more than three-fifth of the market. Moreover, China is the second-largest cosmetics market post the U.S.
North America positions second in the market and is majorly led by the U.S. The U.S. is the biggest maker of cosmetics and cosmetic packaging. It exports huge quantities of cosmetic products in majority parts of the globe.
Likewise, consumers in Europe are also rooting for maintainable packaging solutions. The users in the region are swapping to Post-Consumer Recycled (PCR) packaging, and thus cosmetics producers are in the front-line to embrace PCR plastic packaging in their products in all the places.
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Competitive Landscape
Inventive Product Launch Declarations by Crucial Players to Thrust Market Growth
The vital players present in the market embrace numerous tactics to impel their position in the market as dominating companies. One such prominent strategy is procuring companies to bolster the brand value among users. Another fundamental approach is intermittently launching innovative products with comprehensive study of the market and its target audience.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Key Emerging Trends – For Major Countries
- Industry SWOT Analysis
- Regulatory Analysis
- Recent Industry Developments - Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
- Qualitative Insights – Impact of COVID-19 on Global Cosmetic Packaging Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Global Cosmetic Packaging Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Material (Value)
- Glass
- Paper & Board
- Plastic
- Metal
- Others
- By Application (Value)
- Skin Care
- Hair Care
- Makeup
- Nail Care
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- By Material (Value)
Explore Detailed Table of Content…
Industry Development
June 2020: Berry Bramlage, which is a Berry Global CPI division presented a novel series of first-class cosmetic packaging jars. The newly launched product is unveiled under the brand identity ‘Infinity Quartz’ assortment with several resources comprising reprocessed plastic.
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