Press release
Cosmetic Packaging Market Set for Significant Growth, Driven by Rising Demand for Premium Products.
Cosmetic Packaging Market
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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In recent years, packaging in the cosmetics sector has advanced greatly. Of the other industries, the cosmetics business has the most diversified packaging needs. The materials utilised range from various metals to glass, paper, and plastics, and these materials can be used to create containers in a variety of sizes, shapes, and configurations with or without dispensing systems. One of the main packaging materials used in the cosmetics sector is plastic, which is used in primary containers, secondary flexible pouches, caps, closures, and the nozzle. One important container in the cosmetics sector is the plastic tube because it can retain liquid-solid and semisolid materials and distribute products in precise amounts. Moreover, it can offer superior contamination prevention when compared to alternative container tubes.
To meet the rising demand for tubes, various providers have developed cutting-edge solutions. With assistance from Topline, Sally Hansen, a significant player in the worldwide cosmetics industry, created a squeezable tube with an applicator tip. An additional Teardrop tube with a drop-by-drop dispensing system for liquid formulations was created by packaging solution manufacturer Albea. A updated tube version of Cosmogen's Squeeze'N Roll package with an attached massage roller was also available. Moreover, Global Packaging Inc. created a tube with a ratchet on the head of the tube and an identical ratchet on the pump. This tube ensures a perfect leakproof assembly by providing the desired torque while guarding against unintentional opening.
List of Prominent Players in the Cosmetic Packaging Market:
• 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,
• HCP Packaging
• Huhtamaki Oyj
• Libo Cosmetics Company, Ltd
• Quadpack Industries
• RPC Group Plc
• Sonoco
• TriMas Corporation,
• Worldwide Packaging LLC
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Market Dynamics:
Drivers-
The primary drivers of the market growth rate include factors like expanding disposable incomes, soaring demand from end-use sectors, and rising youth population. The rising customer inclination for high-quality products and changing lifestyles, which will further pave the way for market growth, are likely to restrain market growth for cosmetic packaging over the forecast period. Moreover, factors like rising customer focus on high-quality products, changing lifestyles, and rising demand for reduced container sizes, together with significant investments by packaging producers, are anticipated to temper market expansion overall.
Challenges:
The development of the cosmetic packaging industry is anticipated to be hampered by factors including shortages of essential raw materials. The overall expansion of the market is also anticipated to be hampered by the strict government rules pertaining to the ban on plastic packaging.
Regional Trends:
The North America is anticipated to dominate the market over the forecast period. One of the largest markets for fragrances, personal care goods, and cosmetics is the US. The nation's cosmetics sector has been dominated by companies like L'Oréal, Unilever, Procter & Gamble Co., and other well-known names. Similar consolidation occurs in the country's cosmetic packaging industry, where a select group of major players-including Albea SA, AptarGroup Inc., Smurfit Kappa Group PLC, WestRock Co., and Graphic Packaging Holding Co.-dominate the market. The main product categories in the nation include oral cosmetics, skincare, makeup, haircare, perfumes, deodorants, and toiletries. In accordance with the general trend, the US cosmetics sector is seeing an increase in demand for premiumization. That then fuels the demand for premium, inventive packaging.
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Recent Developments:
• In March 2022, WWP Beauty, a leading full-service supplier to the global beauty industry, launched a portfolio of innovative and eco-friendly product, packaging, and accessory lines during the MakeUp in Los Angeles expo.
Segmentation of Cosmetic Packaging Market-
By Type-
• Bottles
• Tubes
• Jars
• Containers
• Blister & Strip Packs
• Aerosol Cans
• Folding Cartons
• Flexible Plastics
• Others
By Basis of Material-
• Glass
• Metal
• Paper-Based
• Rigid Plastic
• Flexible Packaging
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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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