What Is The Current and Historic Market Size Analysis Of The Cosmetic Packaging Market?
The cosmetic packaging market has seen considerable growth due to a variety of factors.
• Recent years have seen a robust growth in the size of the cosmetic packaging market. The market is forecasted to rise from a valuation of $36.74 billion in 2024 to reach $39.02 billion by 2025, representing a compound annual growth rate (CAGR) of 6.2%. Factors such as expansion in the cosmetic industry, consumers' preference for high-end packaging, sustainable and ecologically-friendly packaging options, the launch of new cosmetic items, the worldwide spread of cosmetic brands, and a focus on consumer convenience and portability, have all contributed to the growth witnessed in the historical period.
What Are The Predictions for The Cosmetic Packaging Market?
The Cosmetic Packaging market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, robust expansion is anticipated in the cosmetic packaging market. The market is expected to surge up to $50.01 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 6.4%.
Key factors propelling this projected growth include emphasis on the utilization of recyclable and biodegradable materials, a need for anti-counterfeiting solutions, a shift to minimalist and eco-friendly designs, concentration on circular economy concepts, government directives on packaging waste, and the introduction of refillable packaging principles. Significant trends to watch during this period are advancements in materials and printing technologies, the use of sustainable inks and coatings, clear and transparent packaging, partnership with artists and designers, importance on safety and hygiene, e-commerce-ready packaging, and using packaging as a tool for brand differentiation.
Which Drivers Are Accelerating Growth In The Cosmetic Packaging Market?
The anticipated growth of the cosmetic packaging market is projected to be fuelled by increased consumption of cosmetic products. Such products, intended for external application to beautify, tone, cleanse, or enhance the face or neck, result in a heightened need for cosmetic packaging. This encompasses aspects from brand representation through the logo to product safety, factors which are contributing to the surge in demand as the adoption of cosmetics rises. For instance, The Cosmetic, Toiletry, and Perfumery Association, in their CTPA's 2022 Annual Report, stated that fragrance sales in the UK escalated to 71.54 million in 2022 from 70.76 million in the previous year. Moreover, sales of color cosmetics touched 118.17 million units in 2022, a rise from 112.26 million units in 2021. Therefore, the upward trend in consumption of cosmetic products is prompting the growth of the cosmetic packaging market.
What Are The Core Segments Of The Global Cosmetic Packaging Market?
The cosmetic packaging market covered in this report is segmented –
1) By Packaging Type: Tubes, Bottles, Dispensers, Other Packaging Types
2) By Material Type: Glass, Paper Based, Plastic, Metal
3) By Application: Oral Care, Skin Care, Hair Care, Makeup, Perfume
Subsegments:
1) By Tubes: Plastic Tubes, Aluminum Tubes, Laminated Tubes
2) By Bottles: Glass Bottles, Plastic Bottles, Airless Bottles
3) By Dispensers: Pump Dispensers, Spray Dispensers, Dropper Dispensers
4) By Other Packaging Types: Jars, Pouches, Sachets, Pallets
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Which Emerging Trends Are Reshaping The Cosmetic Packaging Market Size?
The approach of strategic alliances is being pursued by leading firms in the cosmetic packaging market to broaden their capabilities. Such partnerships are characterized by companies capitalizing on one another's strengths and assets for shared benefits and success. For instance, in February 2023, Axilone Group - a France-based company specialising in developing and producing premium packaging solutions for skincare, cosmetics, and fragrance sectors - disclosed its collaboration with Alder Packaging Inc. Alder is excited about the partnership with Axilone as it helps them leverage their superior quality, expertise, production processes, and tailored package design in presenting improved eco-friendly alternatives to their West Coast associates. Axilone's decision to collaborate with Alder Packaging aligns with the firm's aspiration to retain its dominant position in the luxury sustainable beauty packaging sector. This alliance allows Axilone to gain a deeper insight into the needs of their West Coast clients and continue serving them. Alder Packaging Inc. is a sustainable beauty packaging business based in the US.
Who Are the Key Players In The Cosmetic Packaging Market?
Major companies operating in the cosmetic packaging market include:
• AptarGroup Inc.
• BambooVision
• Amcor PLC
• Albea SA
• Dasso Group
• EcoPlanet Bamboo
• World Wide Packaging LLC
• Bemis Company Inc.
• Simply Bamboo Pty Ltd.
• Smith & Fong Company
• Berry Global Inc.
• Sonoco
• Huhtamaki Oyj
• TriMas Corporation
• Rexam PLC
• Akey Group LLC
• Alltub Group
• Alpha Packaging
• Baralan USA
• Lumson S.p.A.
• Cosmopak USA LLC
• Coverpla Inc.
• East Hill Industries LLC
• Fusion Packaging
• Garrett Hewitt International
• Global Packaging Inc.
• HCP Packaging
• HCT Group
• IntraPac International LLC
• Pack Logix
• Pack-Tubes
• Qosmedix
• Raepak Ltd.
• Roberts Cosmetic Container Corp.
• RPC M&H Plastics
• TricorBraun
• Virospack SLU
What Are The Regional Insights Into The Cosmetic Packaging Market?
Asia-Pacific was the largest region in the cosmetic packaging market in 2024. The regions covered in the cosmetic packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
