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  • Published In : Oct 2022
  • Code : CMI3058
  • Pages :140
  • Formats :
      Excel and PDF
  • Industry : Packaging

Cosmetic packaging is the packaging of cosmetic products that also helps in brand positioning. Packaging materials are produced from paper, plastic, metal, and glass. Cosmetic packaging has different forms such as tubes, bottles, jars, pumps & dispensers, and sachets.

Global cosmetic packaging market was valued at US$ 29295.61 Million in 2021 in terms of revenue, exhibiting a CAGR of 3.84 % during the forecast period (2022 to 2030).

Drivers

The growing importance of packaging for cosmetic brand differentiation is expected to foster the market growth of cosmetic packaging. Key manufacturers in the cosmetics and personal care industry are majorly focusing on marketing for enhancing brand visibility by using packaging as a 'key differentiator' from their competitors.

Regionally, Asia Pacific was dominant in the global cosmetic packaging market in 2021, reporting 33% market share in terms of revenue, followed by Europe and North America.

Figure 1. Global Cosmetic Packaging Market Revenue Share (%), By Region, 2021

COSMETIC PACKAGING MARKET

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Market Restraints

A consolidated supplier base is a key factor restricting the market growth. Sourcing of raw material has been a major concern for most cosmetic packaging manufacturers, especially in the case of metal and glass. Moreover, the number of suppliers is comparatively less than plastic suppliers for cosmetic packaging. Thus, raw materials are sourced at higher prices, posing challenges for the company to package their products at a low cost and maintain overall profitability. This factor is expected to hinder the market growth.

Cosmetic Packaging Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 29295.61 Mn
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 3.84 % Forecast Period: 2022-2030
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Mexico, Brazil, Argentina, Columbia, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, and Rest of Asia Pacific
  • Middle East & Africa: GCC, South Africa, and Rest of Middle East & Africa
Segments covered:
  • By Material Type: Glass, Paper, Plastic, Metal, and Others
  • By Container Type: Jars, Tubes, Bottles, Pumps & Dispensers, Sachets, and Others
  • By Application: Skin Care, Hair Care, Makeup, and Nail Care
  • By Declared Capacity: Type 1 (Bellow 50 ml), Type 2 (50 ml – 100 ml), Type 3 (100 ml – 150 ml), Type 4 (150 ml – 200 ml), and Type 5 (Above 200 ml) 
Companies covered:

Aptar Group, Inc., RPC Group Plc, Gerresheimer AG, Amcor Limited, Albea S.A., Libo Cosmetics Company, Ltd, Quadpack Industries, HCP Packaging, Fusion Packaging, and ABC Packaging Ltd. 

Growth Drivers:
  • Brand differentiation through packaging
  • Rising awareness for anti-aging products among the female population
Restraints & Challenges:
  • Consolidated Supplier Base

Market Trends

3D printing is a new trend and is rapidly adopted by cosmetic packaging market players across the globe. Several key manufacturers are introducing 3D printing for cosmetic packaging in their product offerings. The use of 3D printing offers an aesthetic look to the cosmetic products and is mostly used for fragrances and shampoo packages. Thus, its added advantage of giving aesthetic look to the products is projected to foster the market growth of the cosmetic packaging.

Figure 2. Global Cosmetic Packaging Market Value Share (%), By Material Type, 2021

COSMETIC PACKAGING MARKET

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Based on material type, the plastic segment is expected to be a dominant in the global cosmetic packaging market in 2021, accounting for 56.27 % share in terms of revenue, followed by paper and glass segments. The low cost of plastic is the primary factor driving the growth of the plastic segment.

Recent Developments

  • In April 2022, Amcor, a global leader in designing and manufacturing environment-friendly packaging solutions, announced that it will be the first company to acquire certified circular polyethylene substance using ExxonMobil's Exxtend technology for enhanced recycling
  • In March 2022, Berry Global Group collaborated with Koa to introduce 100% recycled plastic body cleanser and body moisturizer bottles. Berry Global, as an industry leader in sustainability, is committed to making a positive environmental effect through streamlined processes, continuously engaged partners, and optimized goods.

In May 2022, Carlyle announced that firms linked with Baring Private Equity Asia will mutually collaborate to buy a 100% position in HCP Packaging, a leading provider in the design, development, and manufacturing of cosmetic packaging.

Competitive Section

Major players operating in the global cosmetic packaging market include Aptar Group, Inc., RPC Group Plc., Gerresheimer AG, Amcor Limited, Albea S.A., Libo Cosmetics Company, Ltd, Quadpack Industries, HCP Packaging, Fusion Packaging, and ABC Packaging Ltd. 

Frequently Asked Questions

Global cosmetic packaging market was valued at around US$ 29295.61 Million in 2021.

Use of packaging material for brand differentiation is expected to fuel the market.

Shifting preferences of consumers towards natural and organic products is expected to escalate the market. 

Low number of suppliers for metal and gas is expected to hamper the market growth during the forecast period. 

Major players operating in the market include Aptar Group, Inc., RPC Group Plc, Gerresheimer AG, Amcor Limited, Albea S.A., Libo Cosmetics Company, Ltd, Quadpack Industries, HCP Packaging, Fusion Packaging, and ABC Packaging Ltd.

The market is estimated to grow at around 3.84 % CAGR during the forecast period (2022-2030).

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