Cosmetics Packaging Market 2021 | Size, Growth, Demand, Opportunities and Forecast 2030

The Global Cosmetics Packaging Market size is estimated to be USD 29.20 billion in 2019 and is predicted to reach USD 48.91 billion by 2030 with a CAGR of 4.8% from 2020-2030.

Cosmetics Packaging refers to the containers and other materials used for packaging of beauty product and cosmetics. These materials include glass, plastic, paper, and others which provide extra safety lining and barrier to the product and prevent the damage and spoiling during storage and transportation. These packaging can have various advantages and disadvantages as well such as additional cost, some of the pacing materials can be harmful for environment and other.

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Competitive Landscape

The cosmetics packaging market, which is highly competitive, consists of various market players. Some of the major market players include RPC Group PLC, Quadpack Industries SA, Libo Cosmetics Company Ltd, Albea SA, Gerresheimer AG, AptarGroup Inc., Amcor Limited, DS Smith PLC, Raepak Ltd., HCP Packaging Co. Ltd., Rieke Packaging Systems Ltd, and Cosmopak Ltd. among others.

In the recent past there have been various developments have taken place in the market also expected to further takes place in near future which contributes the overall market size. For instance, in May 2019, TriMas, has announced that it has acquired Taplast S.p.A., designer and manufacturer of dispensers, closures and containers for the beauty and personal care, household and food packaging end markets, serving customers predominantly in Europe and the Americas. Taplast seeks to provide solutions to its customers by leveraging its deep commitment to engineering and innovation, and through its manufacturing facilities in Italy and Slovakia.

Market Dynamics and Trends

Over the period of time there have been various developments taken place in terms of technology and development of infrastructure. Moreover, increased demand of beauty products and cosmetics by young generation and increased demand of anti-aging products are expected to fuel the growth of cosmetics packaging market.

The other factors include increase in disposable income, increased awareness with regards to personal hygiene and increase in fashion industry are expected promote the market growth. However, high cost coupled with variety of medical treatments available at skin clinics are expected to hamper the growth of cosmetics packaging market. Moreover, increased in research and development coupled with innovation and new product launches are further expected to create ample opportunities in the cosmetics packaging market in the near future.

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Market Segmentations and Scope of the Study:

The global cosmetics packaging market share is analyzed on the basis of type, material, application and geography. On the basis of type, the market is segmented into Bottles, Tubes, Jars & Containers, Roller Balls, Pen Types, Sticks, Caps & Closures, Pumps & Dispensers, and Others. On the basis of material, the market is divided into Plastic, Metal, Glass, Paper, and Other. Based on application, the market is divided into Hair care, Skin Care, Makeup, Nail Care, and Other. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to hold the major market share owing to the increased adoption of beauty products and cosmetics. Moreover, increase in technological advancement and presence of developed infrastructure coupled with high disposable income and innovation are expected to propel the growth of cosmetics packaging market.

Asia Pacific is expected to show rapid growth with consistent increase in market share owing to the increase in disposable income and urbanization. Furthermore, increased demand of cosmetic from young generation with new product launches and strategic collaborations are further expected to accelerate the market growth.

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