Press release
Top Market Shifts Transforming the Cosmetics And Personal Care Packaging Equipment Market Landscape: Key Insights
Cosmetics And Personal Care Packaging Equipment Market
What Is the Expected CAGR for the Cosmetics And Personal Care Packaging Equipment Market Through 2025?
There has been a swift expansion in the market size of cosmetics and personal care packaging equipment recently. The sector is expected to expand from $5.18 billion in 2024 to $5.7 billion in 2025, showcasing a compound annual growth rate (CAGR) of 10.0%. The expansion seen in the past is due in part to increased consumer interest in personal care items, innovative developments in packaging design and formats, brand distinctiveness and aesthetics, the global outreach of cosmetic brands, and evolving consumer lifestyles and tastes.
What's the Projected Size of the Global Cosmetics And Personal Care Packaging Equipment Market by 2029?
In the coming years, the market size of cosmetics and personal care packaging equipment is anticipated to witness substantial growth, advancing to $8.34 billion in 2029 with a compound annual growth rate (CAGR) of 10.0%. The progression during the forecast period can be associated with factors such as eco-friendly packaging methods, the rise in customization and personalization, the surge in e-commerce and related packaging aspects, emphasis on packaging efficiency and speed, the clean beauty movement and clarity of ingredients. The major trends expected during this forecast period encompass automation and industry 4.0, design and material improvements, the effect of e-commerce, stringent regulatory demands, and global market expansion.
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Top Growth Drivers in the Cosmetics And Personal Care Packaging Equipment Industry: What's Accelerating the Market?
The global expansion of the e-commerce sector is predicted to fuel the growth of the cosmetics and personnel care packing equipment market. E-commerce, defined as the digital exchange of goods, services, and currency, could potentially affect the packaging utilized for individual items and product bundles. As a result, e-commerce growth could lead to changes in packaging types, shifting from boxes to cases, thereby triggering market growth. For example, data from the United States Census Bureau, a US government agency, showed that the estimated e-commerce sales in August 2023 had risen by 7.5% (or 1.4%) compared to the second quarter of 2022. Meanwhile, general retail sales only saw a 0.6% (or 0.4%) increase, with online stores accounting for 15.4% of all sales in the second quarter of 2023. As such, the continued development of the e-commerce sector worldwide is facilitating the growth of the cosmetics and personnel care packing equipment market.
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What Trends Will Shape the Cosmetics And Personal Care Packaging Equipment Market Through 2029 and Beyond?
The use of biodegradable materials to create vegan packaging is a rising trend in the cosmetics and personal care packing equipment market. To maintain their market position, companies in this space are embracing innovative technologies. For instance, CJ Biomaterials, Inc., a bioengineering firm based in the US, in November 2022, launched a novel biodegradable cosmetic case named Wakeme Water Velvet Vegan Cushion. This product utilizes PHA (polyhydroxyalkanoate) and PLA (polylactic acid) in its composition, enhancing impact resistance and facilitating the fashioning of refined shapes. The packaging, made with vegan cosmetic ingredients, is environmentally friendly and enhances the mechanical attributes of PLA.
What Are the Main Segments in the Cosmetics And Personal Care Packaging Equipment Market?
The cosmetics and personal care packaging equipment market covered in this report is segmented -
1) By Product: Filling, Labeling, Cleaning, Form-Fill-Seal, Cartoning, Wrapping, Palletizing
2) By Material: Plastic, Glass, Metal, Others
3) By Application: Skin Care, Hair Care, Decorative Cosmetics, Bath And Shower, Perfumes, Others
Subsegments:
1) By Filling: Liquid Filling Machines, Cream And Gel Filling Machines, Powder Filling Machines
2) By Labeling: Self-Adhesive Labeling Machines, Sleeve Labeling Machines, Inkjet Labeling Machines
3) By Cleaning: Ultrasonic Cleaning Equipment, Spray Cleaning Systems, Wash And Rinse Systems
4) By Form-Fill-Seal: Vertical Form-Fill-Seal (VFFS) Machines, Horizontal Form-Fill-Seal (HFFS) Machines
5) By Cartoning: Horizontal Cartoners, Vertical Cartoners, Robotic Cartoners
6) By Wrapping: Shrink Wrapping Machines, Flow Wrapping Machines, Stretch Wrapping Machines
7) By Palletizing: Robotic Palletizers, Automated Palletizers, Manual Palletizers
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Which Top Companies are Driving Growth in the Cosmetics And Personal Care Packaging Equipment Market?
Major companies operating in the cosmetics and personal care packaging equipment market include Wimco Ltd., Bosch Packaging Technology Inc., Ronchi Mario S p A, AMET Packaging Inc., ProSys Fill LLC, Reagent Chemical, Industria Macchine Automatiche SpA, TurboFil Packaging Machines LLC, VPack Technologies, Zhejiang Rigao Machinery Corp., Liquid Packaging Solutions Inc., Turpack Packaging Machinery Ltd., VK Engineering & Company, Accutek Packaging Equipment Company Inc., OPTIMA packaging group GmbH, E-PAK Machinery Inc., Sonoco Products Company, Marchesini Group S.p.A., PackSys Global AG, Albea SA, Amcor plc, Silgan Holdings Inc., Gerresheimer AG, AptarGroup Inc., RPC Group plc, Cosmopak Ltd., Quadpack Industries SA, Rieke Packaging Systems Ltd., Raepak Ltd., DS Smith plc, Graham Packaging Company, Libo Cosmetics Company Ltd.
Which Regions Will Dominate the Cosmetics And Personal Care Packaging Equipment Market Through 2029?
Europe was the largest region in the cosmetics and personnel care packing equipment market in 2024. The regions covered in the cosmetics and personal care packaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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