Global Cosmetic Packaging Market Report and Forecast 2024-2032

Global Cosmetic Packaging Market Outlook

In 2023, the global cosmetic packaging market was estimated at USD 33.53 billion and is expected to grow over the forecast period of 2024-2032 at a CAGR of 5.2%. The global cosmetic packaging industry is being driven by the growth of the global metal cosmetic packaging industry.

The rising demand for cosmetics as a result of changing grooming habits among both gender types are the key cosmetic bottle packaging market trends driving the growth of the market. With an increasing number of cosmetics manufacturers, there is a greater need for brand differentiation. As per the cosmetic packaging market analysis, innovative and enticing packaging can help increase the sales of cosmetics products, which is driving the demand for the market for cosmetic packaging.

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Increasing disposable income of consumers and their predilection for high-end cosmetics and beauty items is aiding the expansion of the global cosmetic packaging industry market size. In addition to enhancing product designs, cosmetics companies are successfully branding their products through creative packaging in an effort to draw in more customers.

As per the cosmetic packaging market forecast, the importance of sustainability in packaging is expected to rise in the coming years, with increased importance on cosmetic packaging that is eco-friendly. The rising importance of grooming as well as improving economic conditions in emerging economies are also having an impact on the demand for cosmetic packaging.

Rising Demand for Durable and Cost-Effective Cosmetic Packaging Bolstering the Market Growth

The market for cosmetic packaging is being aided by the growing demand for durable and cost-effective packaging materials, which is surging the demand for metal and glass packaging. According to the cosmetic packaging market report, the demand for natural and organic cosmetic products is surging, with consumers increasingly preferring transparent cosmetic packaging. This, in turn, is increasing the demand for functional and flexible packaging materials, which is driving the growth of the cosmetic packaging market. Moreover, the growing demand for personalised cosmetic packaging is surging the use of customisable materials like plastic and paper, hence augmenting the market growth.

The robust growth of the e-commerce industry in both developed and developing countries is one of the key cosmetic packaging market trends. The increasing launch of cosmetic products through e-commerce platforms like Amazon and Walmart are escalating the demand for innovative packaging materials for cosmetics. Moreover, the e-commerce sector is surging the demand for smart packaging of cosmetics for their rapid delivery, which is providing further impetus to the cosmetic packaging industry market size.

Cosmetic Packaging: Market Segmentation

Cosmetic packaging refers to the packaging of cosmetics, which uses materials like plastics, trays, sleeves, and boxes, among others. It protects cosmetic products from various hazards during packaging, transportation, and storing. Cosmetic packaging is essential to ensure the safety of products and enhance their convenience during usage.

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The major types of cosmetic packaging are:

• Bottles

• Tubes

• Jars

• Containers

• Blister and Strip Packs

• Aerosol Cans

• Folding Cartons

• Flexible Plastics

• Others

The market can be broadly categorised on the basis of its materials into:

• Glass

• Metal

• Paper-based

• Rigid Plastic

• Flexible Packaging

By application segments, the market is divided into:

• Skin care

• Hair care

• Colour Cosmetic

• Sun Care

• Oral Care

• Fragrances and Perfumes

• Others

The EMR report looks into the regional markets of cosmetic packaging like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Demand for Sustainable Cosmetics to Augment the Growth of the Global Cosmetic Packaging Market

The growing demand for sustainable cosmetics, especially by the millennial and Gen-Z populations, is surging the use of biodegradable and environmentally friendly materials in their packaging. The enhanced focus on sustainability is increasing the inclination towards reusable and refillable cosmetic packaging.  In addition, the introduction of various stringent government regulations in Europe and North America is leading to a surge in the use of sustainable materials in cosmetic packaging, which is estimated to fuel the cosmetic bottle packaging market growth in the forecast period.

At a regional level, the market for cosmetic packaging is likely to witness significant prospects in the Asia Pacific and in Europe. Within the Asia Pacific, the China cosmetic packaging market is growing at a rapid rate due to the strong presence of the manufacturing sector in the country. Meanwhile, the cosmetic packaging market Europe occupies a sizable share of the global market due to extensive usage and demand for cosmetics in the region. The Europe plastic cosmetic packaging market is also well-established, fuelled by the presence of major cosmetics companies in Europe.

As the demand for cosmetics that can be used conveniently is surging, consumers are increasingly preferring products that can simplify skincare while minimising product waste. The increasing demand for aesthetic cosmetic packaging with interactive labels to boost the overall appeal of the products is increasing the cosmetic bottle packaging market share. Moreover, the trend of connected cosmetic packaging to enhance consumers’ insights through online channels is expected to bolster the market growth. The development of innovative cosmetic packaging integration technologies like near field communication (NFC) to ensure the authenticity of cosmetic products is anticipated to provide impetus to the market growth in upcoming years.

Key Industry Players in the Global Cosmetic Packaging Market

The report presents a detailed analysis of the following key players in the global cosmetic packaging market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Amcor Plc
• Berry Global Inc.
• DS Smith Plc
• Huhtamaki Oyj
• Silgan Holdings Inc.
• Albéa group
• Petro Packaging Company, Inc.
• Graham Packaging Company
• Libo Cosmetics Co., Ltd
• AREXIM Packaging Group
• Three Bamboo
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report