Packaging means to protect the product from air, light, heat, cold, moisture, dust, dirt, etc. The role of cosmetics packaging is to contain and to enhance aesthetics. It is attractive and eye-catching as it is extensively decorated and includes everything from the logo of the cosmetic company to the ingredients that the cosmetic contains. Cosmetics packaging provides the consumer with their initial opinion about the product.
Cosmetic packaging components contains applicators, and many formats such as lipstick tubes, roller-ball vials, mirrored makeup compacts, mascara tubes, flexible tubes, jars, pots, powder-dispensing pens, airless pump packages and eye shadow palettes with multiple wells.
The global cosmetic packaging market size expected to reach USD 66.98 billion by the end of 2027 and generated USD 50.66 in 2019, by registering a CAGR of 3.48 % across the globe. It is attributed to factors such as the increase in demand for personal products, grooming products for the young population, and the upsurge in demand for innovative, sustainable, & attractive packaging solutions. Additionally, the growing demand for cosmetics products from changing growing population trends projected to fuel the growth of the global cosmetic packaging market in the upcoming periods. Moreover, the increase in awareness about the anti-aging products amongst the female population will accelerate the growth of the cosmetic packaging industry in the future periods.
Furthermore, increasing demand for cosmetic products in emerging countries like China, India, Brazil, etc., changes in consumption patterns and lifestyles, and growing premium personal grooming products are vital factors estimated to propel the growth of the global cosmetic packaging market. Also, high growth and a rise in demand for cosmetic products across the world will boom the global cosmetic packaging market share in the upcoming periods. With the continuous increase in the per capita disposable income in emerging economies and changing lifestyles of the consumer will enter a rapid growth stage in the global cosmetics market. With the rapid development of the worldwide economy, cosmetics have gradually become mainstream products for people’s fashion consumption. In the cosmetics industry, the products are dazzling, and the market competition is fierce. Many companies rely on various forms of packaging and advertising to attract consumers. In the process of consumers purchasing goods, the packaging is an essential factor that determines whether consumers buy products.
As income level continues to rise, and residents’ consumption continues to upgrade, beauty products consumption is becoming a beautiful landscape. The per capita consumption of cosmetics has a wide room for growth, and the diversification of consumer groups has driven the development of the industry. The level of consumer demand in emerging economies has shifted from traditional consumption such as eat and wear to high-end consumption and personalized consumption. Therefore, with the trend of consumption upgrading in developing nations, cosmetics per capita consumption is expected to continue to increase, further illustrating the vast growth space of the global cosmetics industry.
With the rapid rise of Internet technology and the steady growth of the disposable income of developing nations, online shopping has become an indispensable consumption channel for Internet users, and online shopping users are spending more and more on online shopping. The development of cross-border e-commerce has become a growth driver for cosmetics consumption.
Based on type, the global cosmetic packaging market classified into Bottles, Tubes, Jars, Containers, Blister & Strip Packs, Folding Cartons, Aerosol Cans, and Flexible Plastics. The bottle segment will witness significant growth in the forecast period. It is primarily attributed to factors such as its durability, light in weight, and are not prone to breakage.
Containers will grow with a significant rate in the forecast period owing to it is durable, affordable, very easy to customize, affordable, and very easy to customize.
Based on type, the global cosmetic packaging market classified into Bottles, Tubes, Jars, Containers, Blister & Strip Packs, Folding Cartons, Aerosol Cans, and Flexible Plastics. The bottle segment will witness significant growth in the forecast period. It is primarily attributed to factors such as its durability, light in weight, and are not prone to breakage.
Containers will grow with a significant rate in the forecast period owing to it is durable, affordable, very easy to customize, affordable, and very easy to customize.
Based on the application, the global cosmetic packaging market categorized into Skin Care, Hair Care, Oral Care, Sun Care, Color Cosmetic, and Fragrance & Perfume. Skin Care segment held for a significant market share in 2019 and will witness to gain maximum market revenue by 2027. It is attributable to the rise in demand for personal care & grooming products across the globe. Additionally, changes in the lifestyle and shift in buying patterns will boom the skin care products market in upcoming periods.
The hair care segment will grow with a lucrative rate in the forecast time due to the growing working female population around the globe and the surge in disposable incomes in emerging economies.
Based on geography, the global cosmetic packaging market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific estimated to occupy the lion’s share in the Cosmetic Packaging market by 2027. It is owing to the increasing population, rapid pace of urbanization & the surge in disposable income of the population in these regions. Additionally, the easy availability of raw materials or ingredients in packaging products and the availability of cheap labor in these regions will spur the growth in Asia Pacific cosmetic packaging.
Middle East & Africa captured a prominent revenue share in 2019 and projected to grow with a momentous rate by 2027. It is due to the growing demand for halal cosmetic products.
Companies such as Amcor PLC, Berry Global Inc., Sonoco, Huhtamaki Oyj, Albea SA, HCP Packaging, TriMas Corporation, AptarGroup, Inc., Gerresheimer AG, DS Smith PLC, World Wide Packaging LLC, Graham Packaging International, Libo Cosmetics Co., Ltd., Brimar Packaging Usa, Cosmopak Usa Llc and APC Packaging are the key players in the global cosmetic packaging market.
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Global Cosmetic Packaging Market
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