Cosmetic Packaging Market Analysis With Key Players, Applications, Trends And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Cosmetic Packaging Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $34.29 billion In 2028 At A CAGR Of 12.1% :

The cosmetic packaging market size has grown strongly in recent years. It will grow from $34.82 billion in 2023 to $36.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growth in the cosmetic industry, consumer preference for premium packaging, sustainability and eco-friendly packaging, introduction of new cosmetic products, globalization of cosmetic brands, consumer convenience and portability.

The cosmetic packaging market size is expected to see strong growth in the next few years. It will grow to $46.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to focus on recyclable and biodegradable materials, demand for anti-counterfeiting measures, shift towards minimalist and sustainable designs, focus on circular economy principles, government regulations on packaging waste, emergence of refillable packaging concepts. Major trends in the forecast period include innovations in materials and printing techniques, integration of sustainable inks and coatings, transparent and clear packaging, collaborations with artists and designers, focus on safety and hygiene, e-commerce-friendly packaging, packaging as a brand differentiator.

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Cosmetic Packaging Market Major Segments
The cosmetic packaging market covered in this report is segmented -

1) By Packaging Type: Tubes, Bottles, Dispensers, Other Packaging Types
2) By Material Type: Glass, Paper Based, Plastic, Metal
3) By Application: Oral Care, Skin Care, Hair Care, Makeup, Perfume

Key Driver - Surging Demand For Cosmetic Products Fuels Growth In The Cosmetic Packaging Market

The increase in consumption of cosmetics products is expected to propel the growth of the cosmetic packaging market going forward. Cosmetic products refer to any external preparation which is intended to cleanse, tone, color, or beautify the face or neck. Cosmetic packaging deals from the logo of the cosmetic company to the ingredients and protection that the cosmetic, resulting to an increasing consumption of cosmetics products and thus increases demand for the cosmetic packaging. For instance, in 2022, according to Premium Beauty News, a France-based website devoted to professionals in the cosmetics and beauty industries, in France, the sales of prestige beauty products returned to growth with a 9% increase in 2021. Therefore, the increasing consumption of cosmetic products is driving the growth of the cosmetic packaging market.

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Prominent Trend - Strategic Partnership To Expand Capabilities

Major companies operating in the cosmetic packaging market are adopting a strategic partnership approach to expand capabilities. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in February 2023, Axilone Group, a France-based firm that develops and manufactures high-end packaging solutions for the skincare, cosmetics, and fragrance industries, announced a partnership with Alder Packaging Inc. Alder is proud to have formed a partnership with Axilone, which allows us to use their quality, knowledge, manufacturing methods, and bespoke package creation to bring even better environmentally friendly options to the West Coast partners. Axilone's collaboration with Alder Packaging is part of the company's ambition to maintain its leadership in luxury sustainable beauty packaging. This relationship will help Axilone better understand the needs of West Coast clients and continue to serve them. Alder Packaging Inc. is a US-based sustainable beauty packaging firm.

Cosmetic Packaging Market Players
Major companies operating in the cosmetic packaging market report are AptarGroup Inc., BambooVision, Amcor PLC, Albea SA, Dasso Group, EcoPlanet Bamboo, World Wide Packaging LLC, Bemis Company Inc., Simply Bamboo Pty Ltd., Smith & Fong Company, Berry Global Inc., Sonoco, Huhtamaki Oyj, TriMas Corporation, Rexam Plc, Akey Group LLC, Alltub Group, Alpha Packaging, Baralan USA, Lumson S.p.A., Cosmopak USA LLC, Coverpla Inc., East Hill Industries LLC, Fusion Packaging, Garrett Hewitt International, Global Packaging Inc., HCP Packaging, HCT Group, IntraPac International LLC, Pack Logix, Pack-Tubes, Qosmedix, Raepak Ltd., Roberts Cosmetic Container Corp., RPC M&H Plastics, TricorBraun, Virospack SLU

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the cosmetic packaging market in 2023. The regions covered in the cosmetic packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cosmetic Packaging Market Report Structure
3. Cosmetic Packaging Market Trends And Strategies
4. Cosmetic Packaging Market - Macro Economic Scenario
5. Cosmetic Packaging Market Size And Growth
…..
27. Cosmetic Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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