Newark, May 23, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 400 million in 2023 global bamboo cosmetic packaging market will reach USD 863.57 million in 2033. Bamboo, a resource that grows quickly and is renewable and valued for its toughness and adaptability, is the source of bamboo cosmetic packaging. Because bamboo packaging is compostable and biodegradable, it supports the increasing emphasis on sustainability worldwide. Bamboo is an environmentally friendly material for packaging because of its quick rate of development and regenerative qualities. Its cultivation uses less resources and emits less greenhouse gases than traditional packaging materials like plastic or glass. Bamboo packaging thereby contributes to lowering the carbon impact of cosmetics. Its exceptional resilience and lightweight design guarantee that cosmetic items are safeguarded at every stage of the supply chain. Furthermore, the inherent aesthetic appeal of bamboo lends refinement to cosmetic brands. The material is easily customizable to fit different sizes and shapes of cosmetic containers. Bamboo packaging provides a safer alternative for storing cosmetics because it lacks dangerous compounds frequently in some plastics.
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Scope of Bamboo Cosmetic Packaging Market
| Report Coverage | Details |
| CAGR | 8% from 2024 to 2033 |
| Market Size in 2023 | USD 400 Million |
| Market Size by 2033 | USD 863.57 Million |
| Largest Market | Europe |
| Base Year | 2023 |
| Forecast Year | 2024 to 2033 |
| Historical Year | 2020-2022 |
| Segments Covered | by Product Type, Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Key Insight of the Global Bamboo Cosmetic Packaging Market
Europe will dominate the market during the forecast period.
The development of environmentally friendly substitutes like bamboo packaging is fueled by the region's strict environmental restrictions, which are especially focused on waste management and the use of plastic. European customers choose products packaged using sustainable materials due to their high level of environmental consciousness. This demand results from people's growing knowledge of environmental problems and their willingness to support businesses exhibiting a sustainable commitment. Europe's innovation ecosystem is crucial since the continent is home to innovative packaging firms and research centres that foster innovation in environmentally friendly packaging solutions.
In 2023, the lotion bottles segment dominated the market, with a 37% market share and revenue of 148 million.
The product type segment is divided into cream jars, lipstick cases, dropper bottles, lotion bottles, and others. In 2023, the lotion bottles segment dominated the market with a 37% market share and revenue of 148 million.
In 2023, the skincare segment dominated the market with the largest market share of 40% and revenue of 160 million.
The application segment is divided into skincare, makeup, haircare, and others. In 2023, the skincare segment dominated the market with the largest market share of 40% and revenue of 160 million.
Advancement in market
As an alternative to thermoformed plastics, Knoll Packaging unveiled a line of patent-pending makeup compacts composed entirely of 100% Knoll Ecoform moulded pulp, a plant material derived from bamboo, wood and sugar cane fibres. These completely adjustable designs have a removable mirror and a magnet-free closing. More than a year of research and development was needed before the new application could be released on the market. Options for customization include adding an FSC paper mask for further decoration or embossing and stamping.
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Market Dynamics
Driver: The growing need for environmentally friendly packaging options.
Concerns about sustainability in the cosmetics sector stem from the effects traditional packaging materials—especially plastic—have on the environment. The need for more environmentally friendly alternatives is primarily driven by microplastic contamination, landfill overflow, and greenhouse gas emissions from plastic pollution. Customers are pressuring cosmetic companies to provide sustainable solutions as they become more conscious of these environmental issues. Bamboo packaging is a practical substitute that solves many of these sustainability issues. In contrast to plastic and other conventional packaging materials, it is low-impact, renewable, and biodegradable. Cosmetic companies can reduce their environmental footprint throughout the course of their product lifetime by implementing bamboo packaging. In addition to satisfying consumer demand for eco-friendly products and addressing urgent environmental problems, bamboo packaging also helps the worldwide effort to minimize plastic waste and combat climate change. Thus, the growing need for environmentally friendly packaging options will propel the market's expansion.
Restraints: the high cost of bamboo packaging.
Bamboo has advantages over traditional materials like plastic for the environment, including biodegradability and renewability, yet the expenses associated with producing and using bamboo can be higher. Bamboo stalks must be gathered and processed to get raw materials, which presents logistical and financial obstacles. Strict quality control procedures, such as shaping, cutting, and processing bamboo, are needed during manufacturing processes, which could raise production costs. More costs may result from the need for specialized tools and labour for intricate or customized designs. Therefore, the market expansion will be hampered by the cost considerations of bamboo cosmetic packaging.
Opportunities: Support from authorities.
As governments work to reduce plastic pollution and advance environmental sustainability, demand to comply with regulations about packaging materials has increased globally. As a result, there is growing pressure on cosmetic companies to use environmentally friendly packaging. Bamboo packaging seems as a suitable substitute. Regulations that emphasize using packaging materials that minimize environmental effects and aid in waste reduction align with bamboo's biodegradability and composability. Governments are imposing more stringent laws on plastic packaging, raising consumer awareness of and support for sustainable substitutes like bamboo. The use of bamboo packaging is anticipated to increase as legal regulations change. Consequently, regulatory backing will propel the market's growth during the projected period.
Challenges: Supply chain constraints and other market issues.
Bamboo predominantly grows in specific regions with tropical and subtropical climates, leading to a limited pool of suppliers and potential competition for resources. Seasonal variability in bamboo harvesting can lead to difficulties in maintaining quality standards. Transparency in the bamboo supply chain is often limited, making it difficult for companies to trace the origin of materials and verify compliance with sustainability standards. Environmental impacts, such as deforestation and habitat degradation, further complicate sourcing efforts. Therefore, these supply chain constraints and other market issues challenge growth.
Some of the major players operating in the global bamboo cosmetic packaging market are:
• Amcor plc
• BALL CORPORATION
• BASF SE
• Berry Inc
• Evergreen Packaging LLC
• Huhtamaki
• Mondi
• Sealed Air
• Smurfit Kappa
• Sonoco Products Company
Key Segments covered in the market:
By Product Type
• Cream Jars
• Lipstick Cases
• Dropper Bottles
• Lotion Bottles
• Others
By Application
• Skincare
• Makeup
• Haircare
• Others
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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About the report:
The market is analyzed based on value (USD Million). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyses driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes Porter's five forces model, attractiveness analysis, Product analysis, supply and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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