Cosmetic Packaging Market Synopsis
In today’s world, different companies rely on innovative cosmetic and personal care packaging and advertising to draw the attention of buyers. A consumer chooses a product that is portable, compact, convenient, and eco-friendly. Packaging material plays an important role in style of the product and increase demand and make it attractive. All such factors affect the market value of the product.
Packaging for cosmetic and beauty products are specialized for protection, consumer functionality, and brand positioning. The advancement of new and varied packaging styles and innovation in packaging plays a major role in driving the growth of the cosmetic packaging market. Moreover, emerging economies are providing huge growth opportunities for cosmetic products due to improvements in disposable income, rising awareness regarding personal care, changing standards of living, and innovative designs, such as sprays and sticks. With a greater number of brands and products entering the beauty market, innovation, packaging efficiency, and demand for product differentiation are some of the factors leading the market growth. Many companies are looking for sustainable and eco-friendly packaging for cutting down waste, which is generated by cosmetic packaging,
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The development of new and diversified technologies is creating exciting opportunities within the packaging industry. The global cosmetic packaging market size is projected to attain a share of more than USD 35.6 billion at a CAGR of 5.2%, by 2023.
Recent trends show that rapid investment in cosmetics and toiletries, demand for beauty products, such as facial moisturizers and cleansers, and different pack shape strategies provide growth opportunities the cosmetic packaging market. Consumers mostly prefer lightweight, durable, portable products such as perfume and cosmetics for easy carrying purpose. With the increased focus on health, brands and retailers offer innovative beauty and personal care products, which are designed for the consumers. Cosmetic manufacturers need to emphasize on cosmetic packaging as it plays a key role in retaining existing customers and attracting new ones.
The key players of the global cosmetic packaging market include:
- Amcor Ltd (Australia)
- Rexam Plc. (U.K)
- Silgan Holding Inc. (U.S.)
- World Wide Packaging Llc (U.S.)
- Quadpack Group (Spain)
- Albea Group (France)
- Aptargroup Inc. (U.S.)
- Cosmopak U.S.A. Llc. (U.S.)
- HCP Packaging. (U.S.)
- LIBO Cosmetics Company Ltd. (Taiwan)
- Gerresheimer (Germany)
- ABC Packaging (India)
- Bemis Company Inc. (U.S.)
Cosmetic Packaging Market-By Segment
The global cosmetic packaging market is segmented on the basis of material (plastics, paper, glass, metal, and others), product (bottles & jars, tubes, containers, pouches, sticks, rollerballs, dispensers, and others), applications (hair care, skin care, and others), and geography (North America, Europe, Asia Pacific, and thhe Middle East & Africa).
Global Cosmetic Packaging Market-By Material
The different cosmetic packaging materials available in the market are plastic, glass, metal, and paper. A wide variety of cosmetic packaging is made from plastic, due to its convenient and hygienic qualities. Plastic is mainly popular due to its low cost, light weight, cost effective, and versatility. However, fluctuating raw material prices hindering the market growth. Nowadays, brand owners are looking to reduce and replace plastic with biopolymers to reduce carbon footprint. Moreover, companies are introducing products that counteract environmental issues by utilizing bio plastics and recycled materials. Companies are considering sustainable packaging, resource efficiency, and lifecycle assessments of their products. Paper and wood material segment might gain momentum due to increasing focus on environmental issues.
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The Asia Pacific cosmetic packaging market is expected to grow at a high pace during the forecast period. Demand from India, China, and Indonesia lead the cosmetic packaging market, owing to factors such as rising consumer preference for eco-friendly products and increasing demand for small packaging sizes are some of the factors driving the growth of the market in Asia Pacific. Moreover, rising consciousness about anti-aging products, e-commerce sector, and demand for high-end, luxury products in these regions are further pushing the market growth.
Scope Of Report
The report for Global Cosmetic Packaging Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
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