According to IMARC Group’s latest report, titled “Cosmetic Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global cosmetic packaging market grew at a CAGR of 5% during 2014-2019. Looking forward, IMARC Group expects the global market to continue its moderate growth during the next five years.
Cosmetic products are made using durable materials and are generally available in several packaging layers, including primary, secondary, and tertiary. Primary packaging holds the content, whereas secondary packaging groups the primary packages. Furthermore, secondary packaging contains necessary information about the products, such as the name, distributor’s address, ingredients, expiration dates, price, warnings, and instructions. The tertiary packaging protects the products against several hazards, which they can be exposed to during transportation, bulk handling, and warehouse storage.
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Rising consumer disposable income levels, growing influence of social media, and increasing focus on physical appearances are primarily escalating the demand for cosmetic products. The introduction of travel-sized packaging to facilitate enhanced convenience to consumers is also bolstering the market growth. Besides this, with the increasing trend of sustainable fashion, numerous cosmetic product manufacturers are introducing push-up tubes and bamboo jars made with eco-friendly materials, thereby further catalyzing the global market. Moreover, several advancements in airless packaging and 3D-printing technology have allowed consumers to customize products according to their requirements. Due to the growing concerns towards COVID-19 transmission through packaging surfaces, several companies are focusing on the antimicrobial coating that can be disinfected through ultraviolet rays. All the above-mentioned factors will continue to drive the global market cosmetic packaging in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cosmetic packaging market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, product type, material type, capacity and cosmetic type.
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Breakup by Product Type:
Breakup by Material Type:
Breakup by Capacity:
Breakup by Cosmetic Type:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Albea Cosmetics America Inc., Amcor Plc, AptarGroup Inc., Berry Global Group Inc., Cosmopak Corp., DS Smith PLC, Gerresheimer AG, Graham Packaging Company (Reynolds Group Holdings Limited), Huhtamäki Oyj, Libo Cosmetics Co. Ltd., Quadpack (Eudald Holdings SL) and Sonoco Products Company.
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