The global cosmetic packaging market reached a value of US$ 26 Billion in 2020.
Looking forward, the analyst expects the market to grow at a CAGR of 5.1% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Cosmetic products are usually available in different layers of packaging, including primary, secondary and tertiary. Primary packaging holds the content, while secondary packaging is used to group primary packages. They contain labels that carry necessary information about the products, such as the name and address of the distributor, ingredients, batch number, expiration dates, warnings, and instructions. The tertiary packaging is used to protect products from hazards, which they can be exposed to during transportation, bulk handling and warehouse storage. Also, cosmetic packaging is made using durable materials to preserve the products from radiation damage and mold growth.
Inflating disposable incomes, the rising influence of social media and increasing focus on physical appearances are escalating the demand for premium cosmetic products. This represents one of the key factors strengthening the cosmetic packaging market growth. The introduction of travel-sized packaging to provide enhanced convenience to consumers is also favoring the market growth. Apart from this, with the rising trend of sustainable fashion and natural cosmetics, several manufacturers are introducing push-up tubes and bamboo jars made with eco-friendly and recyclable materials. They are also adopting innovative strategies, such as developing tree-free paper with waste limestone from construction materials, to reduce the environmental impact of the packaging. With advancements in airless packaging and 3D-printing technology, several companies are even allowing individuals to customize products according to their needs. In addition to this, with growing concerns of the coronavirus disease (COVID-19) transmission through packaging surfaces, these companies are focusing on packaging coatings that are antimicrobial and can be disinfected through ultraviolet (UV) rays.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global cosmetic packaging market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, material type, capacity and cosmetic type.
Breakup by Product Type: Plastic Bottles and Containers Glass Bottles and Containers Metal Containers Folding Cartons Corrugated Boxes Tubes and Sticks Caps and Closures Others
Breakup by Material Type: Glass Packaging Metal Packaging Plastic Packaging Paper Packaging Others
Breakup by Capacity: < 50 ml 50- 100 ml 100 - 150 ml 150 - 200 ml > 200 ml
Breakup by Cosmetic Type: Hair Care Color Cosmetics Skin Care Men’s Grooming Deodorants Others
Breakup by Region: North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: 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. Key Questions Answered in This Report: How has the global cosmetic packaging market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global cosmetic packaging market? What are the key regional markets? What is the breakup of the market based on the product type? What is the breakup of the market based on the material type? What is the breakup of the market based on the capacity? What is the breakup of the market based on the cosmetic type? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global cosmetic packaging market and who are the key players? What is the degree of competition in the industry?
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