Makeup packaging market

Makeup Packaging Market, By Material (Glass, Metal, Plastics, and Others (Paper, etc.)), By Product Type (Lip Stick Containers & Tubes, Lip Gloss Containers & Tubes, Cosmetic Pen, Powder Dispensers, Cushion, Bottle With Cap, Bottle With Pump, Compact, Face Stick, Tube, Jar with Cap, and Mascara Packaging), By Application (Lip Care, Eye Care, and Skin Care), And by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

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Apr 2023
CMI3051
260 Pages
Excel & Pdf
Packaging

Summary

The global makeup packaging market is expected to be valued at US$ 12,757.8 million by 2030 and is expected to register a CAGR of 6.65% in terms of revenue over the forecast period (2023– 2030). Manufacturers are focusing on enhancing portability of the products and developing smaller pack sizes for increasing affordability for consumers. Furthermore, rising environmental concerns have led companies to adopt environment-friendly packaging solutions, such as paper packaging. For instance, U.S.-based companies such as Procter & Gamble and Johnson & Johnson, manufacture paper and bio-based flexible packaging products for the makeup and cosmetics industry.

Makeup packaging market: Growth Drivers

Rising demand for makeup products in the developing economies

Usage of color makeup in commercial establishments is comparatively higher than in households. This trend is expected to remain and is expected to drive the demand for makeup packaging during the forecast period. In emerging economies improving economic conditions, coupled with an increasing emphasis on grooming, is the primary driver influencing the demand for makeup packaging.

Changing demographics and evolving consumer taste and buying preferences

Changing demographics and evolving consumer taste and buying preferences have accelerated the demand for cosmetic products worldwide. This trend is anticipated to trigger the cosmetic packaging market growth. Also, the rising consumer spending on overall wellbeing and appearance should bolster the demand for cosmetic products, which will enhance consumer experience. These trends are likely to drive the use of customized as well as specialized packaging, which will then augment market growth during the forecast period.

Makeup Packaging Market Report Coverage

Report Coverage	Details
Base Year:	2022	Market Size in 2022:	US$ 7,619.6 Mn
Historical Data for:	2017 to 2021	Forecast Period:	2023 to 2030
Forecast Period 2023 to 2030 CAGR:	6.65%	2030 Value Projection:	US$ 12,757.8 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East & Africa
Segments covered:	By Material: Glass, Metal, Plastics, Others (Paper, etc.) By Product Type: Lip Stick Containers & Tubes, Lip Gloss Containers & Tubes, Cosmetic Pen, Powder Dispensers, Cushion, Bottle With Cap, Bottle With Pump, Compact, Face Stick, Tube, Jar with Cap, Mascara Packaging By Application: Lip Care, Eye Care, Skin Care
Companies covered:	Albéa S.A., AptarGroup, Inc., Axilone USA, ShyaHsin Packaging (China) Co., Ltd., Lumson SpA, Toly Group, Cosmopak Corp., Yoshida Industries Co., Ltd., Mitani Valve Co Ltd., HCP Packaging (Shanghai) Co. Ltd., Quadpack Industries, S.A., Kolmar Laboratories, Inc., and others.
Growth Drivers:	Rising demand for makeup products in the developing economies. Changing demographics and evolving consumer taste and buying preferences
Restraints & Challenges:	Fluctuating prices of raw material

Makeup packaging market: Market Restraints

Fluctuating prices of raw material

Restrictions and government regulation regarding the application of a few ingredients or raw materials in the makeup packaging market will act as market restraint that influences the growth of the makeup packaging market. Another factor, which will affect the market growth is fluctuating prices of raw material. These are the major market restraints that will obstruct the market's growth rate.

Makeup packaging market: Market Segmentation

Among material type, makeup packaging material is segmented into plastic, metal, glass, and others. Plastic has emerged as a major material type segment in makeup and cosmetics packaging industry, owing to its versatile nature. However, paper packaging segment is expected to gain traction owing to rising focus on environment-friendly packaging across the globe. Packaging is an important component in the cosmetics and makeup packaging industry, and for some products, packaging of the cosmetics and makeup products is more important than the product. Packaging plays a vital role in improving the appearance of the product and makes it more aesthetically appealing to the consumer. Growing demand for cosmetics and personal care products is expected to drive growth of the makeup packaging market.

Figure 1. Global Makeup packaging market Share (%), By Segment Type

Makeup packaging market: Regional Analysis

Among region, Asia Pacific is the fastest growing market and accounted for the largest market share of around 38% in 2022. Factors such as rising e-commerce sales, increasing number of mobile phone users, and high internet penetration are expected to drive sale for makeup products through online platforms. This, in turn is expected to facilitate demand for packaging products and fuel growth of the makeup packaging industry over the forecast period. For instance, according to the India Brand Equity Foundation (IBEF)’s report, published in 2018, India is the fastest growing market in the e-commerce sector. The e-commerce sector in India was valued at US$ 39 billion in 2017 and is expected to reach US$ 120 billion by 2020, recording an annual growth of 51.0%.

Figure 2. Global Makeup packaging market Share (%), By Region

Makeup packaging market: Recent Developments

In April 2022, Using ExxonMobil's Extend technology for increased recycling, Amcor, a global pioneer in creating and producing environmentally responsible packaging solutions, announced that it will be the first to obtain certified circular polyethylene material
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 organizations connected to Baring Private Equity Asia, would cooperate to purchase a 100% stake in HCP Packaging, a market leader in the design, development, and production of cosmetic packaging
In December 2020, AptarGroup opened a new sales office in Dubai. This sales office will be operated for all three segments of the company: beauty & home, food & beverage, and pharmaceutical. With this expansion, the company aims to target customers from several countries in the Middle East.

Makeup packaging market: key Companies

Major players operating in the global makeup packaging market include Albéa S.A., AptarGroup, Inc., Axilone USA, ShyaHsin Packaging (China) Co., Ltd., Lumson SpA, Toly Group, Cosmopak Corp., Yoshida Industries Co., Ltd., Mitani Valve Co Ltd., HCP Packaging (Shanghai) Co. Ltd., Quadpack Industries, S.A., Kolmar Laboratories, Inc., and others.

*Definition: Cosmetic Packaging is applied for the protection of products, and their branding. It gives the products from all the wear and tears during handling and transportation. The packaging is done in different forms such as tubes, pouches, jars, bags, cans, and others. Packaging materials are fabricated from plastic, paper, metal, and glass.

Table of Content

Table of Contents

* Browse 25 market data tables* and 15 figures* on “Makeup Packaging Market” - Global forecast to 2030.

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What are the growth estimates for makeup packaging market till 2030?

The global makeup packaging market is estimated to surpass US$ 12,757.8 Million by 2030

Which are the prominent market players across the globe?

Major players operating in the market include Albéa S.A., AptarGroup, Inc., Axilone USA, ShyaHsin Packaging (China) Co., Ltd., Lumson SpA, Toly Group, Cosmopak Corp., Yoshida Industries Co., Ltd., Mitani Valve Co Ltd., HCP Packaging (Shanghai) Co. Ltd., Quadpack Industries, S.A., Kolmar Laboratories, Inc., and others

What are the key factors hampering growth of the market?

Fluctuating prices of raw material is one of the major factors that is expected to hamper growth of the market.

What are the key factors driving growth of the market

Rising demand for makeup products in the developing economies and Changing demographics and evolving consumer taste and buying preferences are the major factors that are expected to propel growth of the market.

What is the compound annual growth rate (CAGR) of the market for next 8 years?

The market is estimated to exhibit a CAGR of 6.65% over the forecast period

Which region held the largest market share in the market?

Among regions, Asia Pacific accounted for the largest market share of 38% in 2022 in the market