Cosmetic Packaging Market Expected to Reach USD 55.9 Billion, Growing at a CAGR of 4.8%

The cosmetic packaging market has experienced notable growth over the past decade, driven by increased consumer spending on skincare products in both developed and emerging markets, along with advancements in 3D printing technology that allow manufacturers to create intricate, detailed packaging designs. Numerous companies in the industry are expanding their operations to strengthen their global presence. In 2020, the plastic segment led the cosmetic packaging market in terms of revenue, attributed to its ease of use and versatility. By packaging type, bottles are projected to achieve the highest growth rate over the forecast period due to rising demand for cream-based cosmetic products.

According to a report by Allied Market Research titled "Cosmetic Packaging Market," the market size was valued at $34.3 billion in 2020 and is estimated to reach $55.9 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://www.alliedmarketresearch.com/request-sample/A08304

The market is segmented by material type, including glass, paper-based, plastic, and metal packaging. Plastic packaging accounted for the largest market share in 2020, largely due to increased spending on creamy cosmetics. The study also categorizes the market by packaging types, such as tubes, bottles, dispensers, and others, and by applications including oral care, skincare, haircare, makeup, and perfume.

The market's growth is primarily driven by rising expenditure on cosmetic products, along with the development of packaging solutions that are easy to handle, durable, and eco-friendly. Additionally, the growth of e-commerce has significantly contributed to market expansion.

In 2020, Asia-Pacific held the largest market share, followed by North America and Europe, due to increased use of packaging for skincare products. Technological advancements in printing have enhanced the appeal of cosmetic packaging, boosting demand for these products. Plastic remains a popular choice for packaging due to its durability, versatility in shape, and ease of manufacturing, while the development of eco-friendly options is pushing the industry toward sustainability.

For instance, in June 2021, Berlin Packaging acquired Raepak Limited, a provider of plastic packaging for cosmetics and personal care, including eco-friendly options. This acquisition enables Berlin Packaging to expand its sustainable offerings in the UK market.

𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/cosmetic-packaging-market-A08304

Key Findings of the Study
The report offers a comprehensive analysis of current and emerging trends and dynamics in the cosmetic packaging market.
By packaging type, bottles led the market in revenue in 2020, with the robotic cosmetic packaging segment anticipated to grow at a significant CAGR.
By application, skincare generated the highest revenue in 2020.
Asia-Pacific is projected to register the highest growth rate in the coming years.
The report profiles key players in the cosmetic packaging market, analyzing their strategies to provide insights into the industry's competitive landscape.
The report highlights current trends and emerging opportunities within the market.
An in-depth market analysis is conducted for key segments from 2021 to 2030.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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