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
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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 | ||
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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: |
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Segments covered: |
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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. |
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Growth Drivers: |
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Restraints & Challenges: |
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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
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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 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
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