Cosmetic Packaging Market worth USD 32.5 billion by 2027

The Market Statsville Group (MSG) publishes the new report on the "Cosmetic Packaging Market by Material (Plastic, Glass, Metal, and Paper), by Product Type (Plastic Bottles and Containers, Metal Containers, Folding Cartons, Glass Bottles and Containers, and Others (Tubes and Sticks, Caps and Closures, Corrugated Boxes, Pump and Dispenser, Droppers, Ampoules, and Flexible Plastic Packaging)), by Cosmetic Type (Oral Care, Bath and Shower, Hair Care, Color Cosmetics, Skin Care, Men’s Grooming, Deodorants, and Other Cosmetic Types (Fragrances, Depilatories, Baby & Child Care, and Sun Care)), by Region – Global Share and Forecast to 2027". The global cosmetic packaging market size is expected to grow from USD 26.2 billion in 2020 to USD 32.5 billion by 2027, at a CAGR of 3.7% during the forecast period. The increasing demand from consumers for practical and user-friendly dispensing solutions and products is prompting cosmetic companies to adopt innovative packaging solutions such as recyclable plastic and compostable and biodegradable plastics, thereby driving the innovations in cosmetic packaging. Moreover, packaging programs, exhibitions, and seminars have significantly aided the expansion of awareness among customers regarding efficient packaging technologies and driven cosmetic packaging. Forums such as those provide visitors with the opportunity to learn about the latest ideas and issues from leading beauty brands, covering everything from evolving packaging trends to smart packaging.

Global Cosmetic Packaging Market Segmentation

The cosmetic packaging market has been segmented into the material, product type, cosmetic type, and region.

By Material Outlook (Sales/Revenue, USD Million, 2017-2027)

• Plastic
• Glass
• Metal
• Paper

By Product Type Outlook (Sales/Revenue, USD Million, 2017-2027)

• Plastic Bottles and Containers
• Glass Bottles and Containers
• Metal Containers
• Folding Cartons
• Others
  • Corrugated Boxes
  • Tubes and Sticks
  • Caps and Closures
  • Pump and Dispenser
  • Droppers
  • Ampoules
  • Flexible Plastic Packaging

By Cosmetic Type Outlook (Sales/Revenue, USD Million, 2017-2027)

• Oral Care
• Hair Care
• Bath and Shower
• Color Cosmetics
• Skin Care
• Men’s Grooming
• Deodorants
• Other Cosmetic Types
  • Fragrances
  • Depilatories
  • Baby & Child Care
  • Sun Care

By Region Outlook (Sales/Revenue, USD Million, 2017-2027)

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

Plastic, by product type, is estimated to hold the largest market share during the forecast period

Based on product type, the global cosmetic packaging market is segmented into plastic bottles and containers, metal containers, folding cartons, glass bottles and containers, and others. The plastic bottles and containers segment generated the highest revenue of 17.7% of the global cosmetic packaging market in 2020, and it is expected to register a significant CAGR from 2021 to 2027. Plastic is one of the most used and preferred materials for cosmetics packaging. Numerous cosmetic products in the market come in plastic bottles and containers, owing to the material's easy molding, structuring, and designing capability and protection. In the cosmetics industry, plastic bottles and containers are preferred forms of primary packaging and have held an unchallenged prominent share in the market for half a decade.

In addition, numerous cosmetic vendors in the market are testing refillable solutions for offering their products and are testing the feasibility of such initiatives to reduce the use of plastic further. For instance, P&G is testing refillable Olay moisturizer packs. These containers can be purchased from their website, and the company will ship the moisturizer pod to the customer to be filled in the jar. Overall, plastic bottles and containers are expected to command a significant share of the market; however, the growth over the forecast period is expected to be sluggish.

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Asia Pacific accounts for the largest market share in the cosmetic packaging market 2020

Based on the regions, the global cosmetic packaging market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. The Asia Pacific dominated the electric cars market and accounted for the largest revenue share of over 34.7% in 2020. The region is projected to observe the fastest growth in terms of revenue, during the forecast period. The cosmetics market in China has been one of the fastest-growing sectors in the last few years, benefitting from an increasingly engaged consumer base, augmenting the growth of the market studied.

Chinese men have shown a higher demand for skincare products and makeup over the last several years. According to a white paper by TMIC and L’Oréal China Consumer Intelligence Team, e-commerce sales of men’s grooming products have risen by more than 50% during the past two years, symbolizing men have become an emerging consumer group in the Chinese beauty market, thereby augmenting the consumer packaging market.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the cosmetic packaging market. It also consists of the profiles of leading companies such as Albea Group, RPC Group Plc, DS Smith, HCP Packaging, Bemis Company Inc., Graham Packaging Company, AREMIX Packaging, Silgan Holdings, Libo Cosmetics Company Ltd., and AptarGroup Inc.

Browse complete report: https://www.marketstatsville.com/cosmetic-packaging-market

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