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:

https://www.coherentmarketinsights.com/market-insight/cosmetic-packaging-market-3058

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:

  • Based on material type, the plastic segment is estimated to be dominanted in the global cosmetic packaging market in 2020, accounting for 56% share in terms of volume, followed by paper and glass segments. The low cost of plastic is the primary factor driving the growth of the plastic segment.
  • 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. Key players operating in the cosmetic packaging market are focusing on various strategies such as mergers & acquisitions in order to strengthen their market presence and expand their product portfolio. For instance, in October 2019, AptarGroup, Inc., a global provider of dispensing, drug delivery, and active packaging solutions, announced that it had signed an agreement to acquire a 49% equity interest in three related BTY companies: Suzhou Hsing Kwang (“SZHK”), Suqian Hsing Kwang (“SQHK”), and Suzhou BTY (“BTY”), collectively referred to as BTY.
  • New product launches, merger & acquisitions, strategic partnership, expansion, and research & development activities for cosmetic packaging are key strategies adopted by players in the global cosmetic packaging market. For instance, in May 2021, AlbeaSA, a leading provider of a wide range of cosmetic packaging products, introduced a new polyethylene (PE) cap for oral care products. This new PE cap replaces traditional polypropylene (PP) caps. This PE cap will be coupled with the sleave made with the same material as of the cap. This allows the creation of a mono-material packaging product, which can easily be recycled with the existing high-density polyethylene (HDPE) streams. Further, advancements in 3D printing technology are playing a key role in the development of new cosmetic packaging products.

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