LONDON, July 14, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Cosmetic Packaging Market - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Cosmetic Packaging Market size & share in terms of revenue was valued at USD 30.2 billion in 2021 and it is expected to hit around USD 37.9 billion mark, by 2028, growing at a compound annual growth rate (CAGR) of about 3.90% during the forecast period 2022 to 2028.”
What is Cosmetic Packaging? How big is the Cosmetic Packaging Industry?
Market Overview:
Cosmetic packaging is used to both protect and brand products. It protects the products from damage caused by handling and transit. By incorporating adjustable extensions to the container design, cosmetics packaging plays an essential role in reaching clients. Cosmetic and beauty product packaging is unique in terms of protection, customer functionality, and brand positioning. The development of new and diverse package types, as well as packaging innovation, has aided in the market's expansion. Furthermore, because of increased disposable income, rising awareness of personal care, changing standards of living, and creative designs such as sprays and sticks, developing economies are giving huge development potential for cosmetic items.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 222+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Please note that the sample of this report has been modified to include the COVID-19 impact study prior to delivery.)
Global Cosmetic Packaging Market: Growth Factors
During the forecast period, the market is expected to be driven by changing packaging styles, innovative package designs, and rising demand for cosmetics due to a growing youth population. Furthermore, the rising demand for cosmetics due to changing grooming trends among both genders is expected to drive the market during the forecast period. Manufacturers rely on extensive advertising through various media to sell cosmetic items. Packaging innovation is a critical factor in attracting consumers, which will have an impact on the overall growth of the packaging industry in the coming years. Because of rising disposable income and changing lifestyles, there is a huge opportunity for the cosmetic industry to grow. As a result, the rising demand for cosmetics has a direct impact on the market for this industry, propelling global market growth over the forecast period.
The increased number of new entrants into the cosmetic industry has resulted in increased product and packaging innovation in order to gain a competitive advantage. These are some of the key factors that are expected to drive the growth of the cosmetics packaging market during the forecast period. Growing e-commerce and internet penetration in both rural and urban areas have also had an impact on cosmetics demand in recent years. Companies have shifted their sales to online platforms as internet usage has increased. As a result, demand for overall cosmetic products has increased, influencing the growth of the packaging industry. Due to the introduction of new packaging methods, the introduction of eco-friendly and sustainable packaging has had a significant impact on the overall growth of the industry. Innovation in the product lines of the companies is also critical to the market's growth.
Browse the full “Cosmetic Packaging Market By Type (Bottles, Tubes, Jars, Containers, Blister & Strip Packs, Aerosol Cans, Folding Cartons, Flexible Plastics, Others), By Material (Glass, Metal, Paper-based, Rigid Plastic, Flexible Packaging), By Application (Skin Care, Hair Care, Color Cosmetic, Sun Care, Oral Care, Fragrances & Perfumes), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/cosmetic-packaging-market
Cosmetic Packaging Market: COVID-19 Impact Analysis
The worldwide cosmetic packaging sector was significantly impacted by COVID-19. Consumer behavior patterns changed as a result of the epidemic, with a greater emphasis on hygiene and personal care items. Additionally, people began to purchase products made with natural and organic components and wrapped in environmentally friendly and biodegradable packaging. Manufacturers faced challenges such as supply chain disruptions and shortages of critical raw materials. Furthermore, getting workers during the lockdown was a major difficulty for sector executives. With government attempts to promote eco-friendly packaging materials across all cosmetic items, the industry is quickly returning to normalcy.
Cosmetic Packaging Market: Segmentation Analysis
The global Cosmetic Packaging market is segregated based on type, material and application.
The bottles category is expected to be the largest market for cosmetic packaging based on type. The bottles' dominance on the market can be due to their endurance. Plastic bottles are widely used since they are low in weight (simple to carry) and do not shatter easily. Furthermore, the demand for bottles for scents and perfumes is fast expanding due to the beautiful & premium design of glass bottles.
The skin care category is expected to be the largest segment in the cosmetic packaging market by application. The exponential development in demand for personal care and grooming goods around the world is responsible for this dominant market position. The demand for wellness, grooming, and personal care products have increased as a result of the change in lifestyle and purchasing patterns (particularly among the youth and male population), creating an opportunity for the skin care segment.
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Competitive Landscape
The report contains qualitative and quantitative research on the global Cosmetic Packaging Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Some of the main competitors dominating the global cosmetic packaging market include -
- Amcor PLC (Australia)
- Berry Global Inc. (US)
- Sonoco (US)
- Huhtamaki Oyj (Finland)
- Albea SA (France)
- HCP Packaging (China)
- TriMas Corporation (US)
- AptarGroup, Inc. (US)
- Gerresheimer AG (Germany)
- DS Smith PLC (UK)
- World Wide Packaging LLC (US)
- Graham Packaging International (France)
- Libo Cosmetics Co., Ltd. (China)
Key Insights from Primary Research:
- According to the study shared by our research analyst, the Cosmetic Packaging market is likely to expand at a CAGR of around 3.90% during the forecast period (2022-2028).
- In terms of revenue, the Cosmetic Packaging market size was valued at around US$ 30.2 billion in 2021 and is projected to reach US$ 37.9 billion, by 2028.
- Based on the application, the skin care segment dominated the market over the forecast period.
- Based on the material, glass packaging has a significant market share due to its relatively high cost in comparison to other packaging materials and high adoption in the luxury packaging segment.
- In terms of global cosmetic packaging market value, the Asia Pacific is the largest region.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Cosmetic Packaging industry?
- What are the main driving factors propelling the Cosmetic Packaging Market forward?
- What are the leading companies in the Cosmetic Packaging Industry?
- What segments does the Cosmetic Packaging Market cover?
- How can I receive a free copy of the Cosmetic Packaging Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2022−2028
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis by Type, Material, Application, and Geography
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Regional Dominance:
The Asia Pacific region will hold the largest market share. The rising demand for cosmetic packaging in the region can be attributed to the region's growing population, urbanization, and disposable income. Furthermore, there are less stringent norms and standards for the use of raw materials or ingredients in the manufacturing of packaging products, as well as the easy availability of cheap labor, which is attracting the region's major players to expand their operations. Furthermore, the rising demand for cosmetics in Asia Pacific's emerging economies is expected to boost the market for cosmetic packaging.
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The Global Cosmetic Packaging Market is segmented as follows:
By Type
- Bottles
- Tubes
- Jars
- Containers
- Blister & Strip Packs
- Aerosol Cans
- Folding Cartons
- Flexible Plastics
- Others (include tins, liquid cartons, and flexible paper)
By Material
- Glass
- Metal
- Paper-based
- Rigid Plastic
- Flexible Packaging
By Application
- Skincare
- Hair Care
- Color Cosmetic
- Sun Care
- Oral Care
- Fragrances & Perfumes
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Report Scope
| Report Attribute | Details |
| Market Size in 2021 | USD 30.2 billion |
| Projected Market Size in 2028 | USD 37.9 billion |
| CAGR Growth Rate | 3.90% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2028 |
| Key Market Players | Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Huhtamaki Oyj (Finland), Albea SA (France), HCP Packaging (China), TriMas Corporation (US), AptarGroup, Inc. (US), Gerresheimer AG (Germany), DS Smith PLC (UK), World Wide Packaging LLC (US), Graham Packaging International (France), Libo Cosmetics Co., Ltd. (China), and Others |
| Key Segment | By Type, Material, Application, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Purchase Options | Request customized purchase options to meet your research needs. |
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