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According to MRFR analysis, the global Cosmetic Packaging Market is expected to register a CAGR of 5.47% from 2021 to 2027 and hold a value of over USD 64.61 billion by 2027.
Cosmetic packaging is a unique and specialized form of packaging that is based on the demands of the market. It goes beyond traditional beauty products like lipstick and eye shadows to include sophisticated beauty products that require high levels of security and skin-friendly ingredients to prevent contamination. Many companies that supply cosmetic packaging were forced to either scale back or halt production temporarily to keep up with demand. This meant that fewer units were produced, which in turn put a strain on the market.
The Asia Pacific region is the largest market for cosmetic packaging. A rapid increase in disposable income and the rising number of young people are expected to boost the consumption of cosmetic products in the region. North America ranks second in the market, with the United States being the largest producer of cosmetics and their packaging. The country exports high volumes of cosmetic products to many parts of the world. Producers in North America are also opting for green packaging solutions and natural products.
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The global Cosmetic Packaging market has been segmented into material, product and application.
Based on material, the market has been segmented into Plastic, Paper, Glass, and Metal. Glass packaging holds a significant share of the market due to its relatively high cost compared to other materials and its widespread adoption in luxury packaging.
Based on product, the market has been segmented into Bottles & Jars, Tubes, Containers, Pouches, Sticks, Roller balls, and Dispensers. The bottling segment is projected to have the largest market share during the forecast period. The demand for this segment is driven by an increase in demand for bottles from personal care and hair care manufacturers.
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Based on application, the market has been segmented into Hair Care, Skin Care, and Nail Care. Skincare products make up the majority of the global market due to their high adoption rates in Asia Pacific, Europe, and North America.
Some of the key market players are Amcor Ltd (Australia), and Rexam Plc. (U.K), Silgan Holding Inc. (U.S.), World Wide Packaging Llc (U.S.), Quadpack Group (Spain), Albea Group (France), Aptargroup Inc. (U.S.), Cosmopak U.S.A. Llc. (U.S.), HCP Packaging. (U.S.), LIBO Cosmetics Company Ltd. (Taiwan), Gerresheimer (Germany), ABC Packaging (India), Bemis Company Inc. (U.S.)
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Martin CID Magazine: Then you’ve probably heard about the benefits of choosing a good cosmetic packaging manufacturer over using standard plastic containers. This is a key success for beauty businesses like BeautySourcing, an online beauty marketplace.
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