Cosmetic Packaging Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Cosmetic Packaging Market
The Cosmetic Packaging market size was valued at USD 53.37 billion in 2023, and the market is now projected to grow from USD 55.26 billion in 2024 to USD 78.09 billion by 2032, exhibiting a CAGR of 4.42% during the forecast period of 2024-2032.
The COVID-19 pandemic changed how people bought goods due to factors such as personal savings reduction, steep rise in joblessness, lockdown restrictions and social distancing. The cosmetic packaging market growth experienced a slump in growth due to broken value chains. However, companies adopted new approaches to help adapt to changing consumer demand patterns, mitigate some effects of the disease globally and maintain these novel freedoms for the long-term suppression of another catastrophe.
Cosmetics are increasingly being used in the developing countries due to the fact that money people have to spend on themselves is growing together with customers being interested in anything offering them beauty in Cosmetic Packaging market share. Furthermore, availability of green, organic products choice and competent image building have raised consumer appetite. Moreover, growth is being experienced throughout digitalization as well as from social media influencers with regard to various elements like customizing packets thereby making profits for new cosmetic enterprises which are not able to compete against big producers.
Companies have started shipping goods in reusable packages. This is because the cost of disposal has become an impediment for many manufacturers. When we reuse things, we tend to reduce our resource consumption which is beneficial for both individuals and companies.
Comprehensive Cosmetic Packaging Market
The Cosmetic Packaging market is growing at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Material Analysis, by Product Type Analysis, by Application Analysis. The Material Analysis includes plastic, paper & paperboard, glass, metal, and others. The Product Type Analysis includes jars, tubes, bottles, pumps & dispensers and others. The Application Analysis includes hair care, skin care, and makeup.
The Asia Pacific region lead the Cosmetic Packaging market by benefitting a market size of USD 22.31 billion in 2023 due to the rapid increase in rising young population, coupled with the disposable income, is expected to boost the consumption of cosmetic products in the region.
The top players in the market play a crucial role in the Packaging industry assuring industrial prospectus growth and setting market standards. These players include, Amcor Plc (Switzerland), ALPLA Werke Alwin Lehner (Austria), AptarGroup, Inc. (U.S.), Huhtamaki (Finland), Berry Global Group Inc. (U.S.), Albéa Group (France), Gerresheimer (Germany), BIG SKY PACKAGING (U.S.), LIBO COSMETICS CO. LTD. (China), SILGAN HOLDINGS INC. (U.S.), HCP Packaging (China), Quadpack (Barcelona), Alovey Cosmetic Packaging Co. Ltd. (China), FusionPKG (U.S.), EPL Limited (India) these market players provide a competitive landscape.
In June 2023, Albéa Tubes and Oriflame come together in a collaboration to introduce the Duologi range, which is designed to meet Albéa’s sustainability goals for Oriflame’s “Rich Creme Conditioner” and “Light Creme Conditioner” packaging.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 4.42% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Material
Plastic
Paper & Paperboard
Glass
Metal
Others
By Product Type
Jars
Tubes
Bottles
Pumps & Dispensers
Others
By Application
Skincare
Haircare
Makeup
By Region
North America (By Material, Product Type, Application, and Country)
- U.S. (By Application)
- Canada (By Application)
Europe (By Material, Product Type, Application, and Country)
- Germany (By Application)
- France (By Application)
- U.K. (By Application)
- Italy (By Application)
- Spain (By Application)
- Russia (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Material, Product Type, Application, and Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Australia (By Application)
- Southeast Asia (By Application)
- Rest of Asia Pacific (By Application)
Latin America (By Material, Product Type, Application, and Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
Middle East & Africa (By Material, Product Type, Application, and Country)
- GCC (By Application)
- South Africa (By Application)
- Rest of the Middle East and Africa (By Application)
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