Global Cosmetic Packaging Market is estimated to be valued at US$ 29295.61 Million in 2021, according to the Global Cosmetic Packaging Market Report, 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, Make Up, and Nail Care), by Declared Capacity ( (Below 50 ml, 50 ml-100ml, 100 ml-150ml, 150ml-200ml, and above 200ml), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
Global cosmetic packaging market was valued at US$ 29295.61 Million in 2021. The cosmetic packaging market is expected to register a CAGR of 3.84 % over the forecast period (2022–2030), to reach US$ 41051.58 Million by 2030.
The cosmetic packaging market has impact in the recent months owing to the lockdowns imposed globally to curb the spread of COVID-19. Sales of lipsticks and other cosmetic products are decreasing as consumers are staying at home or wearing masks. This is hampering the sales of lipstick packaging. However, there has been rising preference for eye makeup products such as mascara, eyeshadow, etc. which is expected to drive demand for eye makeup packaging products.
To know the latest trends and insights prevalent in this market, click the link below:
Key Trends and Analysis of the Global Cosmetic Packaging Market:
The growing use of airless packaging is a current trend in the market. Airless packaging avoids the excessive exposure of cosmetic products to air and helps in extending their shelf life and provides extra protection and aesthetic look. Airless packaging is mostly done for natural skin care creams and serums. This factor along with the low cost of this packaging is a major factor encouraging cosmetics manufacturers to adopt airless products, thereby fueling the cosmetic packaging market growth.
Growing strategic partnerships and agreements among key manufacturers is one of the growing trends in the market and this trend is expected to bolster the market growth. For instance, in October 2019, L’Oréal in partnership with Albéa announced the creation of the first carton-based cosmetic tube, where plastic is replaced with a bio-based and certified paper-like material for most parts.
Key Takeaways of the Global Cosmetic Packaging Market: