The scope of the recent study on “Cosmetic Packaging Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Tubes, Bottles, Jars, Pumps and Dispensers, and Others), Material (Glass, Plastic, Paper, Metal, and Others), and Application (Skin Care, Hair Care, Oral Care, and Others)” consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The cosmetic packaging market was valued at US$ 31,064.7 million in 2021 and is projected to reach US$ 43,597.9 million by 2028; it is expected to grow at a CAGR of 5.0% from 2021 to 2028. Primary and secondary cosmetic packaging is used in the cosmetic industry to protect the products from damage. The growing cosmetic industry propels the demand for cosmetic packaging. Moreover, the increasing trend of green packaging, especially in developed regions such as Europe, has increased the demand for flexible cosmetic packaging, contributing to the overall market growth.
Based on material, the global cosmetic packaging market is segmented into glass, plastic, paper, metal, and others. The paper segment held the largest share of the market in 2020. Paper is one of the most recyclable materials. Paper containers are made of renewable resources, such as paper and paperboard, which provide distinct environmental sustainability credentials. Paper packaging offers various advantages such as easy processing, low cost, suitable for printing, lightweight, foldable, harmless, tasteless, and pollution-free. Manufacturers have widely used paper packaging as it provides convenient storage and functional packaging, which is appealing and easy to carry. Additionally, paper packaging offers convenience as well as visibility for the brands.
The global cosmetic packaging market is segmented into five main regions - North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. In 2020, Asia Pacific accounted for the largest share of the market. Many Asia Pacific countries, such as China and India, have world's fastest-growing populations. The cosmetics industry is one of the rapidly growing industries in the region. The increasing inclination of women toward cosmetic and makeup products and rising influence of western culture and trends drive the growth of the cosmetic packaging market. Moreover, availability of wide range of cosmetic products in the market is also expected to bolster the market growth in the region during the forecast period.
With the COVID-19 outbreak across the world, most countries declared a health emergency and stopped nonessential movements. According to L’oreal estimates, the cosmetic industry recorded a growth rate of -8% in 2020 due to the negative impact of the COVID-19 pandemic. The shutdown of manufacturing units and the distribution facilities, such as supermarkets and hypermarkets, convenience, and specialty stores, has declined the demand for cosmetics, which, in turn, restrained the cosmetic packaging market. During the initial stages of the COVID-19 pandemic, the cosmetic packaging manufacturers were forced to either scale back or halt the production temporarily, which had a major impact on the cosmetic packaging market. However, businesses are gaining ground as the governments of various countries eased out the previously imposed restrictions. Therefore, the cosmetic packaging market is expected to grow consistently during the forecast period.
By type, the cosmetic packaging market is segmented into tubes, bottles, jars, pumps and dispensers, and others. By material, the market is segmented into glass, plastic, paper, metal, and others. By application, the cosmetic packaging market is segmented into skin care, hair care, oral care, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The cosmetic packaging market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the rest of Europe. The market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and the rest of Asia Pacific. The cosmetic packaging market in Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the rest of MEA. The market in South and Central America is subsegmented into Brazil, Argentina, and the rest of South and Central America.
Reasons to Buy
The cosmetic packaging market was valued at US$ 31,064.7 million in 2021 and is projected to reach US$ 43,597.9 million by 2028; it is expected to grow at a CAGR of 5.0% from 2021 to 2028. Primary and secondary cosmetic packaging is used in the cosmetic industry to protect the products from damage. The growing cosmetic industry propels the demand for cosmetic packaging. Moreover, the increasing trend of green packaging, especially in developed regions such as Europe, has increased the demand for flexible cosmetic packaging, contributing to the overall market growth.
Based on material, the global cosmetic packaging market is segmented into glass, plastic, paper, metal, and others. The paper segment held the largest share of the market in 2020. Paper is one of the most recyclable materials. Paper containers are made of renewable resources, such as paper and paperboard, which provide distinct environmental sustainability credentials. Paper packaging offers various advantages such as easy processing, low cost, suitable for printing, lightweight, foldable, harmless, tasteless, and pollution-free. Manufacturers have widely used paper packaging as it provides convenient storage and functional packaging, which is appealing and easy to carry. Additionally, paper packaging offers convenience as well as visibility for the brands.
The global cosmetic packaging market is segmented into five main regions - North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. In 2020, Asia Pacific accounted for the largest share of the market. Many Asia Pacific countries, such as China and India, have world's fastest-growing populations. The cosmetics industry is one of the rapidly growing industries in the region. The increasing inclination of women toward cosmetic and makeup products and rising influence of western culture and trends drive the growth of the cosmetic packaging market. Moreover, availability of wide range of cosmetic products in the market is also expected to bolster the market growth in the region during the forecast period.
Impact of COVID-19 Pandemic on Cosmetic Packaging Market
With the COVID-19 outbreak across the world, most countries declared a health emergency and stopped nonessential movements. According to L’oreal estimates, the cosmetic industry recorded a growth rate of -8% in 2020 due to the negative impact of the COVID-19 pandemic. The shutdown of manufacturing units and the distribution facilities, such as supermarkets and hypermarkets, convenience, and specialty stores, has declined the demand for cosmetics, which, in turn, restrained the cosmetic packaging market. During the initial stages of the COVID-19 pandemic, the cosmetic packaging manufacturers were forced to either scale back or halt the production temporarily, which had a major impact on the cosmetic packaging market. However, businesses are gaining ground as the governments of various countries eased out the previously imposed restrictions. Therefore, the cosmetic packaging market is expected to grow consistently during the forecast period.
Global Cosmetic Packaging Market Breakdown - by Region
The report includes the segmentation of the global cosmetic packaging market as follows:
By type, the cosmetic packaging market is segmented into tubes, bottles, jars, pumps and dispensers, and others. By material, the market is segmented into glass, plastic, paper, metal, and others. By application, the cosmetic packaging market is segmented into skin care, hair care, oral care, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The cosmetic packaging market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the rest of Europe. The market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and the rest of Asia Pacific. The cosmetic packaging market in Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the rest of MEA. The market in South and Central America is subsegmented into Brazil, Argentina, and the rest of South and Central America.
Reasons to Buy
- Highlights key business priorities to assist companies realign their business strategies
- Features key findings and crucial progressive industry trends in the global cosmetic packaging market, thereby allowing players to develop effective long-term strategies
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets
- Scrutinizes in-depth market trends as well as key market drivers and restraints
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals
Table of Contents
1. Introduction
3. Research Methodology
4. Global Cosmetic Packaging Market Landscape
5. Cosmetic Packaging Market - Key Market Dynamics
6. Cosmetic Packaging Market - Global Market Analysis
7. Cosmetic Packaging Market Analysis - by Type
8. Cosmetic Packaging Market Analysis - by Material
9. Cosmetic Packaging Market Analysis - by Application
10. Cosmetic Packaging Market - Geographic Analysis
11. Impact of COVID-19
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Executive Summary
The cosmetic packaging market was valued at US$ 31,064.7 million in 2021 and is projected to reach US$ 43,597.9 million by 2028; it is expected to grow at a CAGR of 5.0% from 2021 to 2028.The growth of the cosmetic packaging market is driven by various innovative solutions, such as package printing technology. The manufacturers of cosmetic products use advanced and popular printing methods, such as hot stamp foil printing and flexography to create unique and eye-catching packaging for their products. Further, manufacturers are heavily investing in developing virtual and augmented reality websites to provide convenience to the consumers while selecting the products online. The rising influence of makeup trends on social media platforms, such as Instagram, YouTube, and Facebook, further contribute to the growth of the cosmetic packaging market.
Based on material, the cosmetic packaging market is segmented into glass, plastic, paper, metal, and others. The plastic segment accounted for the largest share, whereas the market for the others segment is expected to grow at the highest rate during the forecast period. The market for the others segment is categorized into bio plastic and stretch film. Bio plastics are made from plants or other biological materials instead of crude oil and natural gas. Bio-based plastics are made from renewable ingredients, such as sugar cane, corn, sawdust, or microbes. The primary advantage of using bio plastics is their capability to improve a product's environmental impact. It helps reduce greenhouse gas emissions, and the material is nontoxic and allergy-free. In contrast, stretch film is used to wrap products on pallets. It helps reduce product loss, discourage load tampering, and reduce worker injury. The films keep the product free of moisture, dust, and dirt. A wide variety of cosmetic packaging is made of plastic due to its convenience and hygienic qualities. Plastic packaging is flexible and adaptable, allowing manufacturers to customize its shape, size, and style as per their requirements. Also, plastic is often cheaper than other traditional packaging materials, such as glass and metal. The most common plastic used in cosmetic packaging is polypropylene (PP), polyethylene terephthalate (PET), and acrylic. In addition, polyethylene is one of the most commonly used microplastics in cosmetic products, such as eyeliners, mascara, eye shadows, eyebrow pencils, lipsticks, face powders, foundations, skin cleansers, and skincare products.
By region, the cosmetic packaging market is segmented into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South & Central America (SAM). In 2020, Asia-Pacific held the largest share of the market and is estimated to register the highest CAGR in the market during the forecast period. Asia Pacific consists of developing economies and is experiencing rapid digitalization. Many beauty influencers are launching video tutorials on creating different makeup looks and are gaining high popularity among consumers. Therefore, manufacturers of cosmetics products are collaborating with these influencers to promote their products, which are expected to open immense growth opportunities for the cosmetic industry in the coming years. Hence, the growth of the cosmetics industry in the region drives the cosmetic packaging market.
ALBEA; APC PACKAGING; AptarGroup, Inc.; Berry Global Inc.; Gerresheimer AG; WWP Beauty; Silgan Plastics.; Huhtamaki; LIBO Cosmetics; and HCP Packaging are among the players operating in the cosmetic packaging market. These companies provide a wide range of product portfolio for the market. The companies have their presence in the developing regions, which provides lucrative opportunities for the cosmetic packaging market growth. The market players are developing high-quality and innovative products to meet the customer’s requirements.
The overall cosmetic packaging market size has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the cosmetic packaging market.
Companies Mentioned
- Albea Sa
- Apc Packaging
- Aptargroup, Inc.
- Berry Global Inc.
- Gerresheimer AG
- Hcp Packaging
- Huhtamaki Global
- Lib- Cosmetics Co. Ltd.
- Silgan Plastics
- Wwp Beauty
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 198 |
| Published | March 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 31064.7 Million |
| Forecasted Market Value ( USD | $ 43597.9 Million |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
