Global Cosmetic Packaging Market Share Is Likely To Reach At A CAGR Value Of Around 3.90% By 2028

09-Jun-2022 | Facts and Factors

According to Facts and Factors, the global cosmetic packaging market was valued at USD 30.2 billion in 2021 and is predicted to increase at a CAGR of 3.90% to USD 37.9 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.

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.

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

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.

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.

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.

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.

Report Scope

Some of the major companies operating in the global cosmetic packaging market are 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), and others.

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
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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