Pune, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Based on the SNS Insider report, “The Cosmetic Packaging Market reached USD 36.21 billion in 2022 and is projected to reach USD 51.49 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period spanning from 2023 to 2030”.
Market Report Scope
Cosmetic packaging is an integral part of the cosmetics industry, serving multiple purposes from protecting the product to showcasing brand identity and sustainability efforts. As consumer preferences evolve, cosmetic companies are constantly innovating and embracing new trends to stay ahead in the market. The future of cosmetic packaging lies in the convergence of functionality, creativity, sustainability, and technology, providing consumers with a delightful and immersive experience.
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Market Analysis
The cosmetic packaging market is poised for a bright and dynamic future, driven by ever-changing consumer preferences, a growing focus on sustainability, technological advancements, and the rise of the beauty and personal care industry. Brands that can adapt to these evolving trends and offer unique, attractive, and environmentally conscious packaging solutions are likely to flourish in this highly competitive landscape. As the beauty industry continues to evolve, cosmetic packaging will remain a vital element in capturing consumer attention and creating a lasting brand impression.
Cosmetic Packaging Market Overview & Scope:
| Report Attributes | Details |
| Market Size by 2023 | USD 36.21 billion in 2022 |
| Market Share by 2030 | USD 51.49 billion |
| CAGR | CAGR of 4.5% From 2023-2030 |
| Key Segments | By Source (natural, synthetic), by product (Benzenoids, Terpenes, Musk Chemicals, Others) By Application (Food & Beverages, Fine Chemicals, Cosmetics & Toiletries, Soaps & Detergents, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands,Rest of Europe), Asia-Pacific (Japan, South Korea,China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| 20% free customization scope (equivalent to 50 analyst working hours) | If you need specific information as per your business requirement, which is not currently within the scope of the report, we will provide it to you as a part of customization. |
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Impact of Recession
While recessions present significant challenges to the cosmetic packaging market, they also offer opportunities for adaptation, innovation, and transformation. As consumer priorities shift, the industry responds by embracing sustainability, innovation, and online retail channels. By understanding and catering to evolving consumer demands, cosmetic packaging companies can navigate through economic downturns successfully. Embracing eco-friendly practices, prioritizing innovation, and leveraging digital platforms will not only help them endure recessions but also foster long-term growth in an ever-changing market.
Impact of Russia-Ukraine War
The Russia-Ukraine War has undeniably left its mark on various industries worldwide, including the cosmetic packaging market. Supply chain disruptions, geopolitical tensions, and market uncertainties have posed significant challenges for cosmetic packaging manufacturers. However, amidst adversity, the industry has responded with resilience and adaptability. The shift towards sustainable packaging, market diversification, and technological innovations showcase the industry's determination to overcome challenges and thrive in a rapidly changing global landscape.
Key Regional Development
The cosmetic packaging market is a dynamic and evolving landscape influenced by regional factors and changing consumer preferences. As sustainability, personalization, and cultural relevance become integral to packaging decisions, companies must adapt to seize opportunities in each region. By incorporating innovative materials and designs while prioritizing eco-friendliness and cultural sensitivity, cosmetic packaging manufacturers can position themselves for success and make a lasting impression on consumers worldwide.
Key Takeaway from Cosmetic Packaging Market Study
- The market is undergoing a profound transformation, driven by sustainability, functionality, and personalization. The tubes segment and skin care segment are at the forefront of this revolution, each offering unique attributes that resonate with the evolving preferences of modern consumers.
- As cosmetic brands continue to embrace eco-consciousness and digital innovation, these segments are poised to dominate the market, catering to the growing demand for responsible, personalized, and holistic cosmetic packaging solutions.
Recent Developments Related to Cosmetic Packaging Market
- In a strategic move to expand its presence in the cosmetics packaging industry, TPG, a leading global private equity firm, has recently announced its intention to acquire Samhwa, a well-established cosmetics container company, in a deal estimated to be worth approximately $237 million.
- In a dazzling display of creativity and expertise, renowned packaging giants Axilone USA and Alder Packaging have joined forces to revolutionize the cosmetics industry with their groundbreaking partnership.
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Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Cosmetic Packaging Market Segmentation, By Material
8.1 Plastic
8.2 Paper
8.3 Glass
8.4 Metal
8.5 Others
9. Cosmetic Packaging Market Segmentation, By Product Type
9.1 Tubes
9.2 Bottles
9.3 Jars & Containers
9.4 Tins & Cans
9.5 Blister & Strip Packs
9.6 Others
10. Cosmetic Packaging Market Segmentation, By Application
10.1 Skin Care
10.2 Hair Care
10.3 Nail Care
10.4 Makeup
10.5 Perfumes
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.3 Europe
11.3.1 Eastern Europe
11.3.2 Western Europe
11.4 Asia-Pacific
11.5 Middle East & Africa
11.6 Latin America
12 Company profile
12.1 AREMIX Packaging
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Graham Packaging Company
12.3 Bemis Company Inc
12.4 HCP Packaging
12.5 Silgan Holdings
12.6 Albea
12.7 Libo Cosmetics
12.8 RPC Group Plc
12.9 AptarGroup Inc
12.10 DS Smith
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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