NEW
YORK, May 20, 2024 /PRNewswire/ -- The
global cosmetic packaging market size is estimated
to grow by USD 22.91 bn from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 11.71% during the forecast period.
For more insights on the forecast market size and
historic data (2018 - 2022) - Download
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Skin care,
Hair care, Makeup, and Nail care), Material (Glass, Metal, and
Plastic and others), and Geography (North America, Europe, APAC,
South America, and Middle East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
A Packaging Group, AG
Poly Packs Pvt. Ltd., Albea Services SAS, Altium Packaging, Amcor
plc, AptarGroup Inc., Ball Corp., Berry Global Inc., Cosmopak USA
LLC, Dow Chemical Co., DS Smith Plc, Gerresheimer AG, Graham
Blowpack Pvt. Ltd., HCP Packaging, Libo Cosmetics, Quadpack
Industries SA, Silgan Holdings Inc., SKS Bottle and Packaging Inc.,
Sulapac Oy, TriMas Corp., Verescence France, and Vimal
Plastics
|
Segment Overview
This cosmetic packaging market report extensively covers market
segmentation by
- Application
- 1.1 Skin care
- 1.2 Hair care
- 1.3 Makeup
- 1.4 Nail care
- Material
- 2.1 Glass
- 2.2 Metal
- 2.3 Plastic and others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Skin care- The cosmetic packaging market
caters to the diverse needs of the cosmetics industry, particularly
skincare products. Brands prioritize sustainable solutions for
differentiation, such as Albea Group's Twirl refillable jar
packaging. Paper-based and sachet packaging are eco-friendly
alternatives. Cosmetic brands seek raw materials from plastic
suppliers to ensure low costs and profitability. Innovations like
3D printing and visually appealing designs for shampoo packages and
fragrances enhance cosmetic item appeal. Brand positioning relies
on unique packaging formats to stand out in the e-commerce
space.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Key Market Trends Fueling Growth
The cosmetic packaging market is experiencing significant
growth, driven by shifting consumer preferences towards organic and
natural beauty products. Innovations in green packaging solutions,
in response to increasing environmental consciousness, are a key
trend. Emerging markets in APAC and South
America, fueled by rising disposable income, present new
opportunities. Retail, showrooms, and e-commerce serve as
distribution channels, with digital transformation and social media
influencers influencing consumer behavior. Longer shelf life and
design attractiveness are crucial factors in product packaging,
while adherence to environmental norms and various packaging
material types are essential considerations.
Market Challenges
- The cosmetic packaging market is experiencing significant
shifts in consumer preferences towards sustainable and eco-friendly
solutions. Innovations in green packaging materials are driving
this trend, as vendors seek to meet environmental norms and cater
to the increasing consumer consciousness. Disposable income and
social media influence are also key factors, with consumers
demanding longer shelf life and attractive product packaging.
Digital transformation and customized design are essential for
vendors looking to distinguish themselves in the global market. In
March 2023, Sulapac introduced Sulapac Luxe, a sustainable
material for luxury fragrance caps, further expanding the company's
green packaging solutions.
Research report provides comprehensive data on
impact of trend, driver and challenges - Buy
Report
Market Research Overview
The Cosmetic Packaging Market is a significant segment of the
global packaging industry, with a focus on designing,
manufacturing, and supplying innovative and attractive packaging
solutions for various cosmetic and personal care products. The
market is driven by several factors, including the preference for
premium and sustainable packaging, increasing consumer awareness,
and the growing demand for eco-friendly and recyclable materials.
The market is segmented based on material types, such as plastic,
glass, metal, and paper & board. Plastics dominate the market
due to their versatility, cost-effectiveness, and lightweight
properties. However, the demand for sustainable and eco-friendly
packaging is driving the growth of paper & board and glass
packaging. Moreover, the market is also segmented based on product
types, including skincare, makeup, fragrances, and hair care. The
makeup segment holds the largest market share due to the high
demand for innovative and attractive packaging solutions. The
Cosmetic Packaging Market is expected to grow at a significant CAGR
during the forecast period, driven by the increasing consumer
preference for premium and sustainable packaging and the growing
demand for eco-friendly and recyclable materials. The market is
also expected to be influenced by the latest trends, such as the
use of digital printing, smart packaging, and the integration of
augmented reality technology.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Skin Care
- Hair Care
- Makeup
- Nail Care
- Material
-
- Glass
- Metal
- Plastic And Others
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio