Makeup Packaging Market to Surpass US$ 11,025.71 Million by 2027 - Coherent Market Insights

The global makeup packaging market was valued at US$ 6,786.0 million in 2018, according to Makeup Packaging Market Report, 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), published by . The global makeup packaging market is expected to reach US$ 11,025.71 million by 2027, exhibiting a CAGR of 5.5% during the forecast period. Technological advancement and innovation in designs & styles of makeup packaging products is expected to fuel growth of the makeup packaging market. For instance, in October 2018, Yonwoo Co. Ltd. launched Drottle, a new dropper generation. The Drottle consists of a dropper pipette in combination with a tottle, specially designed for liquid foundations, serums, and special treatments. Furthermore, rapid industrialization, changing standards of living, and rising awareness about personal care are expected to drive growth of the market. However, stringent regulations imposed by government authorities are expected to restrain growth of the makeup packaging market. For instance, aluminum cosmetic containers should meet the requirements of ISO 22715 such as, the container must safely store and protect the product from damage. To know the latest trends and insights prevalent in this market, click the link below: https://www.coherentmarketinsights.com/market-insight/makeup-packaging-market-3051 Browse 64 market data tables* and 32 figures* on "Makeup Packaging Market” - Global forecast to 2027 Key Trends and Analysis of the Makeup Packaging Market:

• Among product type, the tube segment accounted for the largest market share in 2018 in the global makeup packaging market. Tubes are used for packaging of eye creams, lotions, foundations or gels. Tubes are made from low density or high density polyethylene and are available in various shapes. Triangular toppers allow users to push product out as much as required with precision. Tube diameter ranges from 16 mm to 50 mm and capacity ranges from 5ml to 240 ml. Tubes come in various lengths that can be chosen based on capacity and diameter.
• Among application, skin care segment is expected to hold the dominant position in the makeup packaging market during the forecast period, owing to increasing demand for anti-aging creams. Skin care products include body lotions, face creams, and others. These products enhance skin health and cure skin conditions. Rising concerns regarding skin problems, and increasing awareness about skin care products are key factors that are expected to boost demand for skin care products. Moreover, growing demand for skin care products is expected to facilitate demand for packaging products in the skin care segment.

Key Takeaways of the Market:

• Asia Pacific accounted for the largest market share of 37.4% in 2018 in the global makeup packaging market. This is attributed to the increasing number of strategies undertaken by key players in this region. For instance, in November 2017, Yoshida Industries Co., Ltd. developed 3D-IML innovative decoration technology and implemented it for the Kanebo’s ‘Coffret Dor Beauty Aura Eyes’ program. Moreover, in October 2017, Yoshida Industries Co., Ltd. used AirSurface technology for Bobbi Brown’s ‘Retouching Loose Powder’ product.
• 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.