Stamped & Anodized Components for Beauty Packaging Market – Insights
Stamped aluminum components for beauty packaging can be manufactured through distinct stamping processes such as blanking, deep drawing, bending, coining, metal laser cutting and others. Blanking is a shearing process and requires precision tools, special press, and die. It includes cutting of a large aluminum sheet into smaller suitable pieces for operations such as drawing and forming. It can be also defined as the portion of the metal sheet punched through the die. The market is projected to reach US$ 5,450.6 million by the end of 2026, and register a CAGR of 5.8% over the forecast period owing to increasing demand for recycled and ecofriendly material in cosmetic packaging.
Growing personal care industry worldwide is driving growth of the cosmetic products market. According to the International Trade Administration (ITA), in 2014, per capita spending on cosmetic products was reported to be US$ 139 in the U.S., US$ 171 in South Korea, and US$ 174 in Japan. Thus, high per capita spending on skin care and cosmetic products is expected to boost growth of the market. Furthermore, according to the International Trade Administration (ITA), U.S. Department of Commerce, Indian Beauty and Personal Care (BPC) industry was valued at US$ 8 billion in 2016, and it is expected to exhibit a CAGR of 5-6% over the forecast period (2017-2021). According to the International Trade Administration (ITA), in 2015, the cosmetics market in Japan was valued at US$ 13,208, and in 2014, per person annual expenditure on personal care and cosmetics was US$ 174, according to the ITA.
Aluminum anodizing requires high setup cost in case of R&D facilities. Furthermore, aluminum anodizing companies require around four years for designing the entire anodizing setup. Customers purchasing aluminum anodized beauty packaging products require customization of their product portfolio, which adds to the overall cost of manufacturing. However, use of automated technology for anodizing stamped aluminum products is expected to boost growth of the global stamped & anodized aluminum components for beauty packaging market during the forecast period.
The global stamped & anodized components for beauty packaging market was valued at US$ 3,676.6 million in 2018 and is expected to register a CAGR of 5.8% in terms of revenue over the forecast period (2019– 2026).
Figure 1. Global Stamped & Anodized Components for Beauty Packaging Market Share (%), By Region, 2018
Source: Coherent Market Insights, 2018
North America accounted for the largest market share of around 27.7% in 2018. Key players are adopting inorganic growth strategies such as partnerships in order to strengthen their position in the North America stamped & anodized aluminum components for beauty packaging market. For instance, in 2013, Albea S.A. partnered with Vacheron Industries for metal-plastic packaging solutions for North America. Vacheron Industries specializes in forming, anodizing associated with the design and development of metal and plastic packaging solutions for the cosmetics sector. This partnership has allowed Albea to focus on expanding its business in North America.
Figure 2. Global Stamped & Anodized Components for Beauty Packaging Market Share (%), By Stamping Process, 2018
Source: Coherent Market Insights, 2018
Stamped aluminum components for beauty packaging can be manufactured through distinct stamping processes such as blanking, deep drawing, bending, coining, metal laser cutting, and others. Deep-drawing is a stamping process of forming flat aluminum sheets into a die to make precise, usually cylindrical, components. Deep drawing process segment is expected to hold a dominant position in the market in terms of value during the forecast period. This is attributed to numerous advantages of the deep drawing process such as speed accuracy, producing shapes with closed ends which eliminate assembly steps, and producing complex and strong components.
Key players are focusing on automated methods for aluminum anodizing for developing quality products. For instance, Hidan Co., Ltd., a company based in Japan, employs automated anodizing lines for its aluminum anodizing process. Furthermore, in October 2019, Etablissements G Pivaudran S.A.S., a France-based manufacturer of light weight makeup packaging products, started its production plant in Souillac, France, which is includes a new automatic anodizing line. Moreover, this expansion is expected to help Pivaudran expand its surface treatment capacity.
Major players operating in the global stamped & anodized components for beauty packaging market include Anomatic Corporation, Euscher GmbH & Co. KG, Seidel GmbH & Co. KG, TESEM, Qualipac Metal, Albea S.A., Coster Group, COVIT S.L., Thomas Group, Reboul SAS, Cabagaglio Packaging S.r.l., Crown Holdings, Inc., Acme Cosmetic Components, GuangZhou Lihua Hardware & Plastic Products Co., Ltd., Grupo Industrial Alespri, and Majesty Packaging Systems Co., Ltd., among others.
Anodizing technology used for aluminum components for beauty packaging market can be either manual or automated. In case of manual aluminum anodizing technology, the number of human workforce required is high. Moreover, manual technology is subject to human errors and thereby increases the chances of errors in the process. Furthermore, manual process depends on people’s skills and is therefore less reliable compared to automated aluminum anodizing process. However, countries such as China and India may still use manual process owing to easy availability of labor at a low cost. In case of automated aluminum anodizing, the output is precise as the machine, once calibrated, will provide the user with the required product and thereby, it increases the quality of output.
Actuator metal shells are expected to be the fastest growing segment among component type, over the forecast period. Actuator metal shells are used in hair care products, and perfumes among others, and rising demand for these products is expected to boost sales of actuator metal shells over the forecast period. For instance, according to the Cosmetic Toiletry & Perfumery Association, in 2018, the global import and export of perfumes were valued at US$ 956.92 Mn and US$ 550.21 Mn respectively.
Among region, Asia Pacific is expected to be the fastest growing segment over the forecast period, owing to the expanding beauty and skin care industry which is driving demand for stamped & anodized aluminum components. According to, International Trade Administration (ITA), in 2014, the total import of makeup and skin care preparations in Australia was valued at US$ 633,433 thousands, and reached US$ 688,731 thousands in 2015. According to the same source, in 2013, South Korea’s total import of makeup and skin care preparations was valued at US$ 878.3 Mn, which increased to US$ 937.0 Mn in 2015.
Players operating in the global stamped & anodized aluminum components for beauty packaging market are adopting business strategies mergers & acquisitions, in order to expand their market presence. For instance, in 2017, Euscher GmbH & Co. KG acquired Cap & Seal LP (a U.S.-based producer of mounting cups, wick holders, and metal accessories). This acquisition has allowed Euscher to increase its production capacity and expand its presence in the U.S. market.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
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