Packaging protects the cosmetic product from damage during transportation and degradation by biological, thermal or chemical causes. Packaging materials are of various types such as plastic, metal, glass, or paper. Cosmetic products can be stored in bottles and jars, tubes, pumps & dispensers, containers or sachets. Packaging plays a vital role in improving appearance of the product and making it more aesthetically appealing to consumers. Make-up packaging companies are focusing on developing some innovative containers to make products look more attractive, and effective.
Rapid industrialization, changing standard of living, coupled with rising awareness regarding personal grooming products is leading to expansion of consumer demand for cosmetic products. According to the Trading Economics Statistics on U.S. Disposable Personal Income, the disposable personal income in the U.S. averaged US$ 5200.2 billion in 1959, reaching US$ 15,742.81 billion in November 2018. Furthermore, increasing adoption or consumer preference for in make-up and personal care products, owing to rising disposable income of the population is expected to propel demand for attractive and user-friendly packaging. Increasing expenditure on personal care industry worldwide is driving growth of the cosmetic packaging industry. According to the International Trade Administration (ITA), in 2014, per capita spending on cosmetic products in the U.S. was US$ 139, US$ 171 in South Korea, and US$ 174 in Japan.
Moreover, innovations in packaging styles is expected to increase demand for cosmetic packaging market in the near future. Innovative designs and variety of colors in packaging for brand differentiation are key drivers for growth of the packaging market. Technological advancements such as introduction of fragrance packaging, sensory ink, ergonomics, user-friendly designs (box, tube etc.), and 3D printing is expected to drive growth of the cosmetic packaging market over the forecast period. However, stringent regulations associated with the materials used for packaging, coupled with fluctuating prices of raw materials are factors which are expected to hamper growth of the cosmetic packaging market. For instance, Aluminum cosmetic containers should meet the requirements of ISO 22715. The container must be safely store and protect the product from damage.
Key players operating in the global cosmetic packaging market include Albea, RPC Group Plc., HCP Packaging, Silgan Holdings, AptarGroup Inc., Libo Cosmetics, Gerresheimer AG, Amcor Limited, Quadpack Industries, and Fusion Packaging.
On the basis of material, the global cosmetic packaging market is segmented into:
On the basis of product type, the global cosmetic packaging market is segmented into:
On the basis of Application, the global cosmetic packaging market is segmented into:
On the basis of region, the global cosmetic packaging market is segmented into:
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