Cosmetics and Personal Care Packaging Equipment Global Market Report 2024

The cosmetics and personal care packaging equipment market size has grown rapidly in recent years. It will grow from $4.73 billion in 2023 to $5.22 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The expansion observed during the historic period can be attributed to various factors, including the increasing consumer demand for personal care products, innovations in packaging designs and formats, the emphasis on brand differentiation and aesthetics, the globalization of cosmetic brands, and shifts in consumer lifestyles and preferences. These elements collectively contributed to the growth and development of the cosmetics and personal care packaging equipment sector during that timeframe.

The cosmetics and personal care packaging equipment market size is expected to see strong growth in the next few years. It will grow to $7.61 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The anticipated growth in the forecast period can be attributed to several factors, including the adoption of sustainable packaging practices, the increasing trends of customization and personalization, the growth of e-commerce with a focus on packaging considerations, emphasis on packaging efficiency and speed, and the impact of the clean beauty movement with a focus on ingredient transparency. Major trends expected during this period include the integration of automation and Industry 4.0 technologies, ongoing innovations in design and materials, the influence of e-commerce on packaging strategies, compliance with stringent regulatory requirements, and the expansion of the global market. These factors are poised to shape and influence the trajectory of the cosmetics and personal care packaging equipment industry in the upcoming forecast period.

The expanding global e-commerce industry is anticipated to significantly drive the growth of the cosmetics and personal care packaging equipment market. With the surge in electronic commerce, packaging materials for individual and grouped products are evolving. E-commerce's influence on product packaging, transitioning from boxes to cases for shipping, is reshaping the packaging landscape. As of October 2021, the International Trade Administration reported global retail e-commerce sales at $5,424 billion in 2022, marking substantial growth from $4,831 billion in 2021. Projections indicate an 8% revenue increase by 2025, underscoring the e-commerce industry's instrumental role in propelling the cosmetics and personal care packing equipment market.

The growing demand for hair loss prevention products is poised to be a significant driver for the cosmetics and personal care packaging equipment market. The concern over hair loss has led to an increased demand for various personal care products designed to prevent hair loss and promote healthy hair growth. Packaging these products securely to ensure better logistics and prevent leakage involves utilizing cosmetics and personal care packaging equipment. Reports from the Hair Society in March 2022 suggested that approximately 35 million men and 21 million women experience hair loss, with rates increasing significantly with age. This heightened demand for hair loss prevention products underscores the role of packaging equipment in catering to this market need.

A notable trend within the cosmetics and personal care packaging equipment market involves the creation of vegan packaging using biodegradable materials. Companies operating in this industry are adopting innovative technologies to bolster their market presence. An example is CJ Biomaterials, Inc.'s introduction of the Wakeme Water Velvet Vegan Cushion in November 2022. This innovative biodegradable cosmetic case crafted from PHA and PLA enhances impact resistance and allows for elegant designs. By integrating eco-friendly materials and vegan cosmetic ingredients, this packaging solution aims to enhance the mechanical properties of PLA while meeting sustainability standards.

Major players in the cosmetics and personal care packaging equipment market are actively pursuing innovative and sustainable solutions, notably the introduction of refillable jar packaging, to maintain a competitive advantage. Refillable jar packaging represents a sustainable alternative, designed to be replenished multiple times, thereby reducing single-use waste. An exemplary instance is Albéa Group's May 2023 launch of Twirl, a sustainable and refillable jar boasting a 50-ml capacity. This packaging features a user-friendly design, allowing customers an intuitive and straightforward process for product replenishment from the inner jar. Moreover, the Twirl jar incorporates a robust locking mechanism to ensure the stability of the inner cup, both vertically and horizontally. The packaging solution is constructed using recyclable materials such as polyethylene terephthalate and polypropylene, aligning with sustainability objectives.

In January 2023, Massman Companies, a prominent packaging and container manufacturing company based in the US, acquired Ultra Packaging Inc. for an undisclosed amount. This acquisition is expected to enrich Massman's diverse portfolio by integrating UPI's cartoning products, offering comprehensive options ranging from cartons to pallets. Massman's expanded resources will play a pivotal role in aiding Ultra Packaging's growth and fostering deeper customer relationships. Ultra Packaging Inc., a US-based manufacturer, specializes in the production of dependable vertical and horizontal automated cartoning equipment catering to diverse industries such as food, personal care, pharmaceuticals, and cosmetics.

Major companies operating in the cosmetics and personal care packaging equipment market report are Wimco Ltd., Bosch Packaging Technology Inc., Ronchi Mario S p A, AMET Packaging Inc., ProSys Fill LLC, Reagent Chemical, Industria Machine Automatiche SpA, TurboFil Packaging Machines LLC, VPack Technologies, Zhejiang Rigao Machinery Corp., Liquid Packaging Solutions Inc., Turpack Packaging Machinery Ltd., VK Engineering & Company, Accutek Packaging Equipment Company Inc., OPTIMA packaging group GmbH, E-PAK Machinery Inc., Sonoco Products Company, Marchesini Group S.p.A., PackSys Global AG, Albea SA, Amcor plc, Silgan Holdings Inc., Gerresheimer AG, AptarGroup Inc., RPC Group plc, Cosmopak Ltd., Quadpack Industries SA, Rieke Packaging Systems Ltd., Raepak Ltd., DS Smith plc, Graham Packaging Company, Libo Cosmetics Company Ltd.

Europe was the largest region in the cosmetics and personnel care packing equipment market in 2023. The regions covered in the cosmetics and personal care packaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cosmetics and personal care packaging equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of cosmetics and personal care packaging equipment include filling, labeling, cleaning, form-fill-seal, cartoning, wrapping, and palletizing. Filling involves the creation of suitable containers or boxes for goods and products, facilitating their transportation and storage through processes such as sealing, wrapping, and cushioning. Various materials, including plastic, glass, metal, and others, are utilized in the packaging of products related to skincare, hair care, decorative cosmetics, bath and shower items, perfumes, and more.

The cosmetics and personal care packaging equipment market research report is one of a series of new reports that provides cosmetics and personal care packaging equipment market statistics, including cosmetics and personal care packaging equipment industry global market size, regional shares, competitors with a cosmetics and personal care packaging equipment market share, detailed cosmetics and personal care packaging equipment market segments, market trends and opportunities, and any further data you may need to thrive in the cosmetics and personal care packaging equipment industry. This cosmetics and personal care packaging equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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