Skincare Packaging Market Expected to Value Over $33 Bn by 2026 End

  • 10 Apr 2019

Personal care and cosmetics market are witnessing a colossal growth globally. The technologically advanced skin treatments are more readily available for consumers and also need to be supplemented with proper aftercare skin products like sunscreens, moisturisers, beauty serums and so on. Since all these products are applied directly on the skin they need to maintain high quality, be cost-efficient, aesthetically appealing and while maintaining the packaging standards- tamper-proof packaging for easy handling and distribution across the globe.
Thus these factors are creating high demand and supply scenarios in the skincare packaging market giving it an exponential growth. The global skincare packaging market is estimated to value over $33 Bn and register a lucrative CAGR of 5.2% during the forecast period 2019-2026. Factor such as advancement in organic and vegan skincare products and an introduction of new elite brands is further fuelling the need for skincare packaging. 
Skincare packaging can be bifurcated into primary and secondary. Primary packaging equipment includes piston fillers, inline fillers, tube fillers and sachets/pouches fillers while the secondary packing increases the brand perception and influences the target customers’ buying patterns.

Global Skincare Packaging Market Trends

Beauty and skincare products continue to be in high demand causing a favourable growth in need of packaging. Below are some trends that will be prevalent during the forecast period.
1.    Packaging that is attractive, bio-friendly, capable of imprinting trusted brand image among masses, dispensing an appropriate amount of product for use and maintaining its properties during transport and temperature changes
2.    The use of 3D imaging and virtual reality to create eye-catching infographics of about how to use the product, positive results to expect post application, storage post opening the product etc
3.    Use of automated packaging process using unique advanced packaging methodology and machinery setup
4.    Increasing spending potential in progressing economies will also fuel the growth of skincare products demand in regions like Asia-Pacifica and Latin America, ultimately stimulating lucrative growth in the skincare packaging market

Global Skincare Packaging Market Segmentation:

The market is segmented based on packaging type, material, product type and region.
 

Global Skincare Packaging Market, by Packaging Type 

•    Tubes 
•    Droppers 
•    Closure
•    Pumps 
•    Palette
•    Jar 
•    Cap
•    Sachets
While skincare products are widely packed in tubes and remain at the forefront as compared to other packaging types, the need to use convenient packaging that dispenses just the right amount of product is to be high demand. Hence droppers, sachets and pumps segment is expected to exhibit potential growth for years to come.

Global Skincare Packaging Market, by Material 
•    Glass 
•    Polymer 
•    Paper 
•    Metal
•    Other materials 

Global Skincare Packaging Market, by Product Type    
•    Sun Care 
•    Facial Care
•    Body Care 
•    Hand Care
•    Depilatories
•     Make-up Remover
•    Other

 

Global Skincare Packaging Market, by Region 
•    Europe  
•    North America  
•    APAC  
•    Latin America
•    Rest of World
Europe holds major market share followed by North America in terms of skincare packaging market as most of the cosmetic and skin care product manufacturing plants are based in this region. Asia-Pacific is estimated to take over a significant portion of the total skincare packaging market during the forecast period and register an exponential CAGR, as this region experiences quick growth in cosmetic manufactures and need for cost-effective packaging solutions.

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 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 skincare packaging market on the basis of product type, packaging type, material and region   
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) 
•    To evaluate and forecast micro-markets and an 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

 

Get unlimited analyst support and customise this study further to your requirements, contact [email protected]