As per the recently published report by MarketsandMarkets™, the “Cosmetic Packaging Market by Type, Material (Glass, Metal, Rigid plastic, Paper-based, Flexible packaging), Application (Skin care, Hair care, Oral care, Sun care, Color cosmetic, Fragrance & perfume), and Region – Global Forecast to 2025″, size is projected to grow from USD 49.4 billion in 2020 to USD 60.9 billion by 2025, at a CAGR of 4.03% from 2020 to 2025. The market is projected to grow in accordance with the growth of the cosmetic industry across the globe. Factors such as an increase in the innovations in packaging, and a boost in the demand for cosmetics from the youth population is expected to drive the market for cosmetic packaging.
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- 144 Market data Tables
- 43 Figures
- 180 Pages and in-depth TOC on “Cosmetic Packaging Market – Global Forecast to 2025″
This report also provides a comprehensive analysis of the companies listed below:
The major Players in cosmetic packaging market include Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Huhtamaki Oyj (Finland), Albea SA (France), DS Smith PLC (UK) and others.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the cosmetic packaging market.
Recent Developments in Cosmetic Packaging Market
- In January 2020, Albea SA opened a new plant for the manufacturing of metal parts for its skincare and cosmetic packaging Huai’an (China). The operations in the plant are expected to start in 2020.
- In December 2019, AptarGroup opened a new sales office in Dubai. This sales office will be operated for all the three segments of the company namely, beauty & home, food & beverage and pharma. With this expansion, the company aims to target the customers of several countries in the Middle East.
- In December 2019, Huhtamaki acquired complete ownership of the joint venture company Laminor S.A. (Brazil), which was established in 2002 as a 50/50 joint venture with Bemis Company (now part of Amcor). Laminor S.A. was specialized in manufacturing tube laminates, particularly for oral care applications. This acquisition is expected to expand Huhtamaki’s tube laminate business and further its flexible packaging product portfolio.
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In terms of value and volume, bottles are estimated to lead the cosmetic packaging market.
Bottles, by type, accounted for the largest market share among all the types of cosmetic packaging because of the increase in demand for bottles from the personal care and hair care manufacturers. Bottles can be customized according to the requirements of the customers and maybe printed with unique ideas & patterns. The bottles are an ideal choice for most of the cosmetic products such as lotions, body wash, shampoos, conditioners, and many more.
In terms of value and volume, rigid plastic is estimated to lead the cosmetic packaging market.
The rigid plastic, by material, led the cosmetic packaging market, in terms of value and volume. Rigid plastic packaging involves the use of plastic materials; this form of packaging has an inflexible shape or form. Factors such as being lightweight and a cost-effective packaging solution for cosmetic products will boost the demand of rigid plastic bottles, jars, and containers for the cosmetic packaging industry (specifically for the color cosmetics, skin care and hair care application).
Skin care is estimated to be the largest segment in the cosmetic packaging market.
Skin care, by application, accounted for the largest demand for cosmetic packaging, in terms of value and volume. This dominant market position is attributed to the boost in the demand for new and innovative skin care ranges such as face creams, anti-aging creams, sunscreens, and others. With the boost in the demand for personal grooming products, the demand for its packaging product has also gone up, which has created an opportunity for the growth of the skin care segment in the cosmetic packaging market.
The Asia Pacific region is projected to account for the largest share in the cosmetic packaging market during the forecast period.
The Asia Pacific region is projected to lead the cosmetic packaging market, in terms of both value and volume. An Increase in demand for cosmetic products in emerging economies, as well as a boost in consumer awareness drives the investments of manufacturers to develop unique & innovative packaging solutions. This, in turn, increases the demand products, and is further expected to boost the demand for packaging in the Asia Pacific region.
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