Global Cosmetic Packaging Market Size, Share, Trends, Opportunities Analysis, and Forecast Report by 2028
According to Facts & Factors, the global cosmetic packaging market size is expected to surpass around US$ 30.2 billion in 2021 to US$ 37.9 billion by 2028 and is expanding growth at a registered CAGR of 3.9% from 2022 to 2028.
Browse Complete Report: https://www.fnfresearch.com/cosmetic-packaging-market
The market is anticipated to be driven during the forecast period by shifting packaging styles, innovative package designs, and rising demand for cosmetics as a result of a growing youth population. These factors are expected to combine. In addition, during the period of forecast, the market is anticipated to be driven by the growing demand for cosmetics among consumers of both sexes as a result of shifting trends in grooming practises.
In order to move cosmetic products, manufacturers rely heavily on extensive advertising distributed across a variety of media. The introduction of new and innovative packaging is one of the most important aspects in winning over customers, which in turn will have an effect on the expansion of the packaging industry as a whole in the years to come. There is a significant window of opportunity for expansion in the cosmetics industry brought on by rising levels of discretionary income and shifting patterns of lifestyle. As a consequence of this, the growing demand for cosmetics has a direct impact on the market for products and services associated with this industry, which will propel the growth of the global market over the forecast period.
In order to gain a competitive advantage and keep up with the growing number of new companies entering the cosmetics market, established companies have been forced to innovate their product lines as well as their packaging. During the time frame covered by this forecast, the growth of the cosmetics packaging market is anticipated to be driven in large part by the key factors listed above. In recent years, another factor that has had an effect on the demand for cosmetics is the expansion of e-commerce and internet penetration in both urban and rural areas.
As the number of people who use the internet has grown, many businesses have moved their sales operations online. Because of this, there has been an increase in demand for cosmetic products in general, which has contributed to the expansion of the packaging industry. The introduction of environmentally friendly and sustainable packaging has had a significant impact on the overall growth of the industry, which was partially caused by the introduction of new methods of packaging. The growth of the market is also dependent on the companies’ ability to innovate within their existing product lines.
According to type, it is anticipated that the bottles category will constitute the majority of the market for cosmetic packaging. The longevity of the bottles may be a contributing factor to their preeminence on the market. Plastic bottles are extremely common because of their light weight, which makes them easy to transport, and their resistance to breaking. In addition, because the design of glass bottles is so elegant and high-end, there is a rapidly growing demand for bottles that can be used to store fragrances and perfumes.
In terms of application, it is anticipated that the skin care category will constitute the largest segment of the cosmetic packaging market. This preeminent market position can be attributed to the meteoric rise in demand for products related to personal hygiene and grooming that has occurred all over the world. Specifically among younger people and men in the population, there has been a shift towards a more healthy lifestyle, which has led to a rise in the demand for products related to personal grooming, personal care, and wellness. This shift has created an opportunity for the skin care market.
The Asia-Pacific region will control the lion’s share of the market. The increasing population, rate of urbanisation, and level of disposable income in the region are all factors that are contributing to the region’s growing demand for cosmetic packaging. Furthermore, there are fewer stringent norms and standards for the use of raw materials or ingredients in the manufacturing of packaging products. This, in conjunction with the easy availability of low-cost labour, is what is attracting the region’s major players to expand their operations there. In addition, it is anticipated that the growing demand for cosmetics in the developing economies of Asia and the Pacific will drive growth in the market for cosmetic packaging.
The report includes both qualitative and quantitative research on the global Cosmetic Packaging Market. Additionally, it provides in-depth insights into the leading competitors’ development strategies as well as the research and insights they have gained. The report also includes an in-depth analysis of the primary competitors in the market, as well as information regarding the level of competition posed by those competitors. The research also identifies and analyses significant business strategies utilised by these primary market participants. Some examples of these strategies include mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The research investigates a number of factors, including the global presence of each company, its competitors, the services it provides, and industry standards.
Amcor PLC (Australia), Berry Global Inc. (United States), Sonoco (United States), Huhtamaki Oyj (Finland), Albea SA (France), HCP Packaging (China), TriMas Corporation (United States), AptarGroup, Inc. (United States), Gerresheimer AG (Germany), DS Smith PLC (United Kingdom), and other major companies are some of the major players in the global cosmetic packaging market.
- North America
- The U.S.
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.