Cosmetic packaging is available in a wide range of size, shapes, and closures in the market, thereby making it suitable for all kinds of cosmetic products, be it gaseous, liquid, or solid. Among all the material types, plastic packaging is gaining high traction among beauty products manufacturers, owing to its ability to take complex shape, easy handling, and durability. Cosmetic packaging is essential for preventing and protecting contained cosmetic products from contamination and any physical damage during transit and usage.
The development of the e-commerce industry has significantly boosted the demand for cosmetic products, owing to ease of buying experience along with availability of a large number of options to choose from. In addition, social media sites such as Instagram and Facebook have positively influenced the cosmetics market. These factors are positively influencing the cosmetic packaging market. However, fluctuating cost of raw materials used for manufacturing cosmetic packaging is a major restraint in of the market. Furthermore, development in 3D printing technology is expected to provide lucrative opportunities for the growth of the market.
The global cosmetic packaging market is segmented into material type, packaging type, application, and region. By material type, the market is classified into glass, paper based, plastic, and metal. On the basis of packaging type, it is categorized into tubes, bottles, dispenser, and others. Depending on application, it is classified into oral care, skin care, hair care, makeup, and perfume. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
The key companies profiled in the cosmetic packaging market report include Albea SA, Amcor PLC, Aptargroup Inc., Big Sky Packaging, Berlin Packaging, Berry Global, Inc., DS Smith PLC, HCP Packaging Co. Ltd., Huhtamaki Oyj, and Sonoco Products Company.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging cosmetic packaging market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key Market Segments between 2020 and 2030.
- Extensive analysis of the cosmetic packaging market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
- The global cosmetic packaging market forecast analysis from 2021 to 2030 is included in the report.
- The key market players within cosmetic packaging market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the cosmetic packaging industry.
Key Market Segments
By Material Type
- Glass
- Paper Based
- Plastic
- Metal
By Packaging Type
- Tubes
- Bottles
- Dispensers
- Other
By Application
- Oral Care
- Skin Care
- Hair Care
- Makeup
- Perfume
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- U.K.
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Anji Tianzhen Bamboo Flooring Co. Ltd.
- BambooVision
- Bamboo Australia
- Bamboo Village Company Limited
- Dasso Group
- EcoPlanet Bamboo
- Kerala State Bamboo Corporation Limited
- Moso International BV
- Simply Bamboo Pty Ltd
- Smith & Fong Company
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Table of Contents
Executive Summary
According to this report titled, 'Cosmetic Packaging Market,' the cosmetic packaging market size was valued at $34.3 billion in 2020, and is estimated to reach $55.9 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.Commonly observed material types of cosmetic packaging materials are glass packaging, paper-based packaging, plastic packaging, and metal packaging. Among these, the plastic packaging accounted for the highest market share in 2020, owing to surge in spending on creamy cosmetic products. The market is analyzed with respect to different packaging type such as tubes, bottles, dispenser, and others. The applications covered in the study include oral care, skin care, hair care, makeup, and perfume.
The growth of the cosmetic packaging market is majorly driven by rise in expenditure on cosmetic products by individuals and the development of cosmetic packaging that are easy to handle, durable, and environment-friendly. Moreover, the development of the e-commerce industry notably contributes toward the market growth.
In 2020, Asia-Pacific dominated the global cosmetic packaging market share, in terms of revenue, followed by North America and Europe. This is attributed to rise in use of cosmetic packaging for skin care cosmetic products.
Advancements in printing technology have enhanced the appearance of cosmetic packaging, thereby increasing their desirability, thus increasing the demand for cosmetic products. Packages made of plastic are widely used for cosmetics, as they are durable, easy to manufacture, and can take any shape. In addition, the development of environment-friendly packaging is helping manufacturers to move toward a sustainable future.
For instance, in June 2021, Berlin Packaging, acquired Raepak Limited, a manufacturer of plastic packaging for cosmetics and personal care end-markets. It also offers a wide range of recyclable and eco-friendly packaging. This deal will enable Berlin Packaging to enhance its environment-friendly packaging products in the UK.
However, during the pandemic lockdown, various manufacturers in the cosmetic packaging market had to stop their business in countries such as China, the U.S., and India. This directly impacted sales of cosmetic packaging manufacturing companies. In addition, lack of manpower and raw materials constricted supply cosmetic packaging components, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to positively influence cosmetic packaging market growth.
The key companies profiled in the cosmetic packaging market report include Albea SA, Amcor PLC, Aptargroup Inc., Big Sky Packaging, Berlin Packaging, Berry Global, Inc., DS Smith PLC, HCP Packaging Co. Ltd., Huhtamaki Oyj, and Sonoco Products Company.
Key findings of the Study
- The report provides an extensive analysis of the current and emerging cosmetic packaging market trends and dynamics.
- Depending on packaging type, the bottles cosmetic packaging dominated the cosmetic packaging market, in terms of revenue in 2020, and the robotic cosmetic packaging segment is projected to grow at a significant CAGR during the cosmetic packaging market forecast.
- By application, skin care registered highest revenue in 2020.
- Asia-Pacific is projected to register highest growth rate in the coming years.
The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth cosmetic packaging market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.
Companies Mentioned
- Anji Tianzhen Bamboo Flooring Co. Ltd.
- BambooVision
- Bamboo Australia
- Bamboo Village Company Limited
- Dasso Group
- EcoPlanet Bamboo
- Kerala State Bamboo Corporation Limited
- Moso International BV
- Simply Bamboo Pty Ltd
- Smith & Fong Company
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 250 |
Published | May 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 34322.7 million |
Forecasted Market Value ( USD | $ 55899.2 million |
Compound Annual Growth Rate | 5.0% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |