Overview

Cosmetic Packaging Market Introduction

Cosmetic packaging market is forecasted to value over US$ 45 billion by the end of 2027 and register a CAGR of over 4.5% during the forecast period of 2020-2027.

Packaging for cosmetic and beauty products is specialized for protection, consumer functionality, and brand positioning. The advancement of new and varied packaging styles and innovation in packaging plays a major role in driving the growth of the market. Moreover, emerging economies are providing huge growth opportunities for cosmetic products due to improvements in disposable income, rising awareness regarding personal care, changing standards of living, and innovative designs, such as sprays and sticks. With a greater number of brands and products entering the beauty market, innovation, packaging efficiency, and demand for product differentiation are some of the factors leading the market growth. Many companies are looking for sustainable and eco-friendly packaging for cutting down waste, which is generated by cosmetic packaging. This market employs various resources such as plastic, glass, metal and paper as packaging materials for manufacturing packaging equipment, for instance, cosmetic containers, cosmetic bottles, cosmetic jars, sticks, pumps & dispensers, pen types, roller balls, and caps and closures.
Cosmetic Packaging is mainly used to increase the appearance of the product and intended to improve brand perception for triggering impulsive buying in the general population. In many cases, packaging can influence consumer purchasing choices and increase the sale of the product. Because of the rising importance of packaging in strengthening the market presence led to the potential growth of the market. Packaging has a huge application in preserving the brand image and quality of the products. It was further supported by rapid technological advancements, which reduced the manufacturing cost and improved the efficiency of the process. Additionally, increasing consumer-driven demand boosted the demand of the product which is indirectly driven by packaging.

Global market is dominated by North America and Europe region due high penetration over the general population. North America has dominated the global market due to the high spending capacity of the general population. The utilization of cosmetics in-order to improve aesthetics has boosted the growth in developed economies. It is followed by Europe region due to the high importance of personal appearance among the general population. The Asia Pacific is the most lucrative market with a huge number of domestic manufacturers and expected to witness technological advancements due to changing economic conditions. The Asia Pacific & Lain America regions are expected to witness the highest growth rate in the global market. Rest of the world is expected to account a small share and expected to gain traction during the forecast period.

Key Market Players are:

Aptargroup, Albéa Group, HCP Packaging, RPC Group, Gerresheimer Holdings, ABC Packaging, Silgan Holdings, and others

Cosmetic Packaging Market Segmentation:

By Material Type

Plastic
Paper
Glass
Metal

By Product Type

Bottles
Pen Types
Tubes
Pumps
Dispensers
Containers
Caps
Closures
Sachets

By Region

North America
Latin America
Europe
Asia Pacific
Rest of the World

Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants

FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth

Objectives of the Study:
• To provide with an exhaustive analysis on the global Cosmetic Packaging Market by Material Type, by Product Type, by Region

• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies