Global Cosmetic Packaging Market By Type (Plastic, Glass, and Others), By Application (Hair Care, Nail Care, and Others), By Region, and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview:

The Global Cosmetic Packaging Market size is expected to be worth around USD 57.1 Billion by 2032 from USD 36.8 Billion in 2022, growing at a CAGR of 4.60% during the forecast period from 2023 to 2032.

Cosmetic packaging can be described as the main and secondary packaging for a wide range of cosmetic items. This includes skincare, haircare, and grooming products. Cosmetic packaging is important for the preservation of cosmetic items through processing, storage, and transport. This packaging also helps preserve product quality and prolong shelf life.

Cosmetic packaging helps to present product information such as ingredients, packaging dates, shelf life, and manufacturing & expiry dates. Cosmetic packaging is also important in increasing brand recognition among customers. Attractive packaging may influence consumers’ impressions of cosmetics.

Cosmetic packaging is a hot topic due to the rapid development and expansion of cosmetic products around the world. Cosmetic packaging is attracting attention because of its innovative, attractive, and sustainable packaging.

Driving Factors

Awareness in people about their appearance and body care is the major driving factor.

• The demand for cosmetics has increased due to changing demographics and customer shopping habits. This trend is expected to boost growth in the cosmetic packaging industry. Moreover, consumers are spending more on their overall health and appearance. This could increase the demand for cosmetics that enhance customer experiences.
• These developments could encourage customized and specialized packaging to increase the cosmetic packaging market growth. Cosmetics have seen a rise in popularity due to e-commerce, as well as increased internet penetration in urban and rural areas. As internet usage increases, companies have moved their sales online. This has led to an increase in demand for cosmetic products and a boom in the packaging industry.

Commercial packaging is boosting this market growth.

• Businesses are now focusing on the middle-class economic segment. Corporations have started to produce compact packaging for their products which has a positive impact on the demand for packaging. Innovation in product lines is another factor that helps the market grow. The recent introduction of anti-aging creams has led to an increase in packaging materials.
• The increase in commercial packaging is also boosting the global cosmetic packaging market. Factors such as the changing lifestyles of people and the services provided by the beauty and skincare industry will drive growth in this industry.
• Color cosmetics are also used more in corporate settings than they are in homes. This trend will continue over the forecast period, driving cosmetic packaging demand. Cosmetic packaging demand is driven by improved economic conditions in developing countries and a greater emphasis on grooming.

Restraining Factors

Plastic packaging- an environmental problem.

• Plastics are the most commonly used packaging material in this sector, and most of it ends up in landfills. The EPA (United States Environmental Protection Agency) estimates that approximately 70% of plastic waste from the cosmetics industry is not recycled. This leads to it ending up in landfills.
• Additionally, primary packaging is mostly made from single-use plastic paper. Many multilayered packaging makes them appear more expensive, increasing the waste of plastics. Microbeads, which are small plastic particles used to exfoliate rinse-off products for personal care, can cause serious damage to the marine environment as well as other water bodies.
• Today, microbeads are banned in many countries. These include the United Kingdom, France, Canada, and New Zealand, as well as South Africa, Italy, Sweden, and South Africa. This shows the growing awareness of plastics in packaging formulations and the changing consumer preferences.

Growth Opportunities

Increased quality of products creating new competition and platform for the cosmetic packaging market players.

• The cosmetic industry has increased its use of premium packaging to protect product quality and preserve shelf life in response to the growing demand for high-quality products by millennials and urban residents. This trend is expected to lead to new opportunities in the cosmetics industry.

Trending Factors

Green packaging is the latest trend.

• As customers are becoming more conscious about choosing cosmetic products and even the packaging to know whether they are environmentally friendly or not, the manufacturers are trying to provide eco-friendly packaging solutions to the customers.

Type Analysis:

The plastic segment holds the largest share based on type.

By type, the global cosmetic packaging market is divided into plastic, glass, metal, paper, and others. The largest market share was held by the plastic segment. This market is propelled by the advantages of plastics, which are lightweight and economical packaging for cosmetic products. Plastics are affordable and can be used in a wide range of applications, which will increase the segment demand over the forecast period.

The market is also being driven by the increasing preference of key players for plastics to pack cosmetics in small quantities. Extrusion-based plastic packaging products such as wraps & film, pouches, and bags are used frequently in both the consumer and industrial markets. Plastic packaging has seen a significant increase in use due to the high level of organized retail.

Plastic packaging is the most popular choice for beauty products because it is both the safest and cleanest. Plastic is more susceptible to breaking and cracking due to its compound and nuclear makeup. However, it breaks less often than glass. Due to rising social consciousness, however, manufacturers are shifting towards eco-friendly packaging, which could slow down category expansion.

To appeal to the middle class, businesses continue to prefer plastic packaging. This can help overcome the constraints imposed by many economic groups around the world.

The paper segment is the fastest-growing segment. The paper has wide applications in the cosmetic packaging market as a secondary packaging medium. Segment growth will also be driven by the demand for eco-friendly packaging.

Glass packaging provides luxury packaging and a premium look to the product, and as it can be easily recycled, it is also considered an eco-friendly packaging solution.

The metal segment is expected to have a similar growth in this market to the paper segment. As it is recyclable like paper and hence is considered eco-friendly.

Application Analysis:

The skin care market is the most dominant but the make-up market has the fastest growth.

Based on application, the global cosmetic packaging market is segmented into hair care, nail care, skin care, make-up, and others. The largest market share was held by the skin care segment. This market is a dominant one due to the huge global increase in grooming and personal care products.

This shift in lifestyles and buying habits has increased the interest in personal care and grooming products, especially among young men and women. It has opened up a new market for the skin care industry. You can use commercially-made skincare products to moisturize, clean, and protect your skin.

These products are most popular with women. However, male customers become more interested in these products as their lifestyles change. Anti-aging products are a major focus of manufacturers. This is because there is a growing demand for anti-aging skincare products that promote younger skin.

Innovative ways are being found by some of the most prominent names in skincare to offset the high costs associated with creating products that treat and reduce the effects of aging.

It is predicted that make-up will be the fastest growing sector. The cosmetic packaging market’s growth has been significantly impacted by an expanding female workforce over the last few years.

The hair care segment is getting driven by people being more conscious about their hair care and the harm caused to hair by increasing pollution and unhealthy habits.

The nail care segment is more popular with women, but because of changing lifestyles, men are also taking an interest in taking care of their nails and appearance.

Key Market Segments

By Type

• Plastic
• Glass
• Metal
• Paper
• Others

By Application

• Hair Care
• Nail Care
• Skin Care
• Make-Up
• Others

Regional Analysis:

Asia Pacific is the dominant region in the market.

On the basis of regions, the global cosmetic packaging market is divided into North America, Western Europe, Eastern Europe, Asia Pacific (APAC), Latin America, and Middle East & Africa.

The rising popularity of cosmetics will drive Asia Pacific’s cosmetic packaging market to grow at a rapid pace over the forecast period. It constitutes about 42% of the market share. The presence of many suppliers in the region is another factor that promotes market expansion. The projection period will see an increase in cosmetics demand from China and other Asian countries, including South Korea, Malaysia, Thailand, South Korea, Malaysia, Thailand, and China.

North America is the second-largest market, with the United States as the dominating country. The United States is one of the largest manufacturers of cosmetics and packaging in the world. It exports large amounts of cosmetics to nearly every country in the world. The region’s producers are striving to produce natural products and packaging that is more environmentally friendly. The European region is also choosing eco-friendly packaging options.

The Middle East & Africa region is expected to rise significantly over the forecast period. The demand for cosmetics will be stimulated by Muslim-dominated countries like Saudi Arabia and UAE. The rising demand for halal cosmetics is driving the industry. A rise in cosmetics demand leads to an increase in packaging demand.

Кеу Regions and Countries covered іn thе rероrt:

• • North America
    • The US
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America
  • Middle East & Africa
    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

Market Share & Key Players Analysis:

To increase their market presence, major players are using a variety of strategies such as partnerships, strategic alliances, mergers and acquisitions, geographic expansions, and product/service launch strategies.

The major key players are Albea SA, RPC Group plc, Berry Global Inc., HCP Packaging, Graham Packaging Company, Amcor plc, Aptargroup, Cosmopak, Gerresheimers, LIBO Cosmetics Company Ltd., Quadpack Industries SA, Rexam, Silgan Holdings, Fusion Packaging, World Wide Packaging, Aremix Packaging, Bemis Company Inc., and Other Key Players

Key Market Players:

• Albea SA
• RPC Group plc
• Berry Global Inc.
• HCP Packaging
• Graham Packaging Company
• Amcor plc
• Aptargroup
• Cosmopak
• Gerresheimers
• LIBO Cosmetics Company Ltd.
• Quadpack Industries SA
• Rexam
• Silgan Holdings
• Fusion Packaging
• World Wide Packaging
• Aremix Packaging
• Bemis Company Inc.
• Other Key Players

Recent Key Developments:

• Berry Global, a provider of packaging game plans, has teamed up with RAW Elements USA to offer sugarcane-based tubes that can be used for sunscreen, hand sanitizer, and salves in June 2021.
• Silgan Holdings announced that it acquired Cobra Plastics Inc. in February 2021. Silgan will now be able to offer more integrated solutions to meet the needs of its clients. Silgan will combine Cobra’s overlap product range with aerosol actuators or dispensing systems.
• Amcor, a global packaging association, has accelerated its organization in viable packing game plans in January 2021. Additionally, the firm is attempting to encourage packaging recyclability as well as reusability.
• Albea announced in January 2021 the opening of a new Huai’an manufacturing plant in. The ceremony was attended by local government officials and Albea leaders. Huai’an will be the new manufacturing site for metal parts used in cosmetic and skincare packaging.

Report Scope: