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Cosmetic Packaging Market Current Scenario with Future Aspect Analysis
The global Cosmetic Packaging market is estimated to reach over USD 76.60 billion by 2031, exhibiting a CAGR of 4.69% during the forecast period.
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Packaging has improved significantly in the cosmetics industry in recent years.
The cosmetics industry has the most diverse packaging requirements among all other sectors. The materials employed include a variety of metals, glass, paper, and plastics, which can be used to construct containers in a variety of sizes, shapes, and configurations, with or without dispensing systems. Plastic is a primary packaging material in the cosmetics industry, and it is employed in primary containers, secondary flexible pouches, lids, closures, and the nozzle. The plastic tube is a critical container in the cosmetics industry due to its ability to distribute products in precise quantities and retain liquid-solid and semisolid materials. Additionally, it has the potential to provide superior contamination prevention in comparison to other container tubes.
In response to the increasing demand for tubes, a variety of providers have implemented innovative solutions. Sally Hansen, a prominent figure in the global cosmetics industry, developed a squeezable container with an applicator tip with the help of Topline. Albea, a packaging solution manufacturer, developed an additional Teardrop tube that features a drop-by-drop dispensing system for liquid formulations. Cosmogeny also offered an updated tube version of its Squeeze'N Roll package, which included an affixed massage roller. Moreover, Global Packaging Inc. developed a tube that features a ratchet on the tip of the tube and an identical ratchet on the pump. The tube guarantees a leak-proof assembly by supplying the desired torque and preventing unintentional opening.
List of Prominent Players in the Cosmetic Packaging Market:
• HCP Packaging
• Huhtamaki Oyj
• Libo Cosmetics Company, Ltd
• Quadpack Industries
• RPC Group Plc
• ABC Packaging Ltd.
• Albea S.A.
• Amcor PLC,
• AptarGroup, Inc
• Berlin Packaging
• Berry Global, Inc.
• Big Sky Packaging
• DS Smith PLC
• Fusion Packaging,
• Gerresheimer AG
• Graham Packaging International,
• Sonoco
• TriMas Corporation,
• Worldwide Packaging LLC
Market Dynamics:
Drivers-
The market development rate is primarily driven by factors such as the increasing demand from end-use sectors, the growing youth population, and the expansion of disposable incomes. The market growth for cosmetic packaging is expected to be restricted over the forecast period due to the changing lifestyles and increasing consumer preference for high-quality products, which will further facilitate market expansion. Additionally, it is anticipated that the market expansion will be moderated by factors such as the increasing desire of customers for high-quality products, the changing lifestyles, and the increasing demand for smaller container sizes, in addition to substantial investments by packaging producers.
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Challenges:
Factors such as deficits of essential raw materials are expected to impede the advancement of the cosmetic packaging industry. The stringent government regulations regarding the prohibition of plastic packaging are also expected to impede the market's overall expansion.
Regional Trends:
It is anticipated that North America will dominate the market during the forecast period. The United States is one of the greatest markets for cosmetics, personal care products, and fragrances. L'Oréal, Unilever, Procter & Gamble Co., and other prominent corporations have dominated the cosmetics sector of the nation. A similar consolidation is observed in the cosmetic packaging industry of the country, where a small number of significant players-such as Albea SA, AptarGroup Inc., Smurfit Kappa Group PLC, WestRock Co., and Graphic Packaging Holding Co.-control the market. In the nation, the primary product categories are oral cosmetics, skincare, makeup, haircare, fragrances, deodorants, and toiletries. The US cosmetics sector is experiencing an increase in demand for premiumization, which is consistent with the prevailing trend. The demand for premium, innovative packaging is subsequently fueled by this.
Recent Developments:
• In March 2022, During the MakeUp in Los Angeles expo, WWP Beauty, a prominent full-service supplier to the global beauty industry, introduced a suite of eco-friendly and innovative product, packaging, and accessory lines.
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Segmentation of Cosmetic Packaging Market-
By Basis of Material-
• Glass
• Metal
• Paper-Based
• Rigid Plastic
• Flexible Packaging
By Type-
• Bottles
• Tubes
• Jars
• Containers
• Blister & Strip Packs
• Aerosol Cans
• Folding Cartons
• Flexible Plastics
• Others
By Application-
• Skin Care
• Hair Care
• Color Cosmetic
• Sun Care
• Oral Care
• Fragrances & Perfumes
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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