Global Cosmetic Packaging Market: Industry Analysis and Forecast (2020-2026)

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Global Cosmetic Packaging Market size was valued at US$ 27.2958 Bn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2026, reaching nearly US$ XX Bn.

The global Cosmetic Packaging market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Cosmetic Packaging report also provides trends by market segments, technology, and investment with a competitive landscape.

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Global Cosmetic Packaging Market Overview:

Cosmetic packaging refers to the containers used for main and secondary packaging of a variety of cosmetic items, including skin care, hair care, grooming, and make-up. Cosmetic packaging is essential for preserving cosmetic items throughout processing, storage, and transportation. These also aid in the preservation of product quality and the extension of shelf life.

Cosmetic packaging also aids in the presentation of fundamental product information such as ingredients, packaging and manufacture dates, and the product's shelf life.
Cosmetic packaging also plays a significant part in increasing brand recognition among customers, as attractive packaging may influence consumer impressions of cosmetics.
Global Cosmetic Packaging Market Dynamics:

Drivers:

Changing demographics, as well as changing customer tastes and shopping habits, have boosted the demand for cosmetics throughout the world. The cosmetic packaging industry is expected to develop as a result of this trend. In addition, growing consumer expenditure on general health and attractiveness could boost demand for cosmetics that improve the customer experience. These developments may encourage the usage of customized and specialized packaging, which might boost market growth.

Because of the rising demand for premium quality products among millennials and the urban population as a result of improving economic conditions and a better lifestyle, the cosmetic sector has expanded its use of high-quality packaging to preserve product quality and shelf life. This type of movement in the cosmetics sector is expected to open up new doors.

Furthermore, the market is expected to be driven by rising demand for cosmetics as a result of changing grooming habits across both genders throughout the projected period.
In recent years, rising e-commerce and internet penetration in both rural and urban regions has influenced cosmetics consumption. Glossier Inc., for example, sells 97% of its products online in the United States.

Companies have transferred their sales to online channels as internet usage has increased. This has influenced the expansion of the packaging sector by increasing demand for overall cosmetic items.

Moreover, businesses have begun to concentrate on the economic middle-class customer segment. As a result, corporations have begun to create compact packaging for their products, impacting the packaging industry's demand. The market's growth is also aided by innovation in the product lines of the players. For example, the recent arrival of anti-aging lotions has resulted in a rise in the number of packaging materials.

Global Cosmetic Packaging Market Segment Analysis:

Based on Material Type, plastic is a popular material in the market, in 2019. Because of its low cost, lightweight, flexibility, durability, and other characteristics, plastic is a preferred choice for cosmetic packaging. Plastics are commonly used in the production of shatterproof and "no-spill" bottles, jars, tubes, lids, and closures for personal care items.

Plastic packaging, such as bottles, jars, compacts, and tubes, have a 61% market share in cosmetics and other personal care items, according to the Packaging Machinery Manufacturers Institute (PMMI), with bottles accounting for 30% of the market. HDPE cosmetic bottles are the most common and least priced, and they are cost-effective, impact-resistant, and have an excellent moisture barrier. Some lotions are maintained in sealed tubes, while some lotion bottles come in a variety of sizes and shapes.

Furthermore, PP plastics are the most popular form of plastic used for cosmetic packaging. These can, however, be made of less expensive PET plastic or more expensive acrylic plastic. Acrylic plastic is normally transparent and has a glass-like appearance. This material has an advantage over glass in that it is less likely to break.

Furthermore, the environmental implications of plastic have caused a slowdown in the industry during the previous decade. However, the availability of recycled plastics and material technological advancements have made ecologically friendly packaging alternatives possible. To generate sustainable features, the participants are focused on refillable packaging as a design option.

However, owing to rising social consciousness, manufacturers are turning to eco-friendly and/or green packaging, which may limit category expansion soon. Although to service the middle-class economic segment, firms still use plastic as a packaging material.

Based on Container Type, bottles accounted for the highest market share among all forms of cosmetic packaging because of the increased demand for bottles from personal care and hair care producers, in 2019. Bottles may be modified to meet the needs of consumers, and unique concepts and designs may be put on them.

Based on Capacity, the Type 1 (< 50 ml) segment dominated the market. Packaging solution providers are developing value-size packs to increase consumer satisfaction, depending on demographics and demand. Consumers in price-sensitive nations like Indonesia and India prefer smaller single-use flexible packaging items, therefore Type 1 (below 50ml) remains popular. Cosmetic companies are reacting to increased demand for cheaper packaging in low-income nations by producing a wide range of products, from sachets to large bottles.

Based on the Application, the skincare segment is accounted for the largest share of the market, in 2019. The increase in demand for new and innovative skincare categories such as face creams, anti-aging creams, sunscreens, and others is credited with this dominant market position. With the increase in demand for personal grooming goods, demand for packaging goods has increased as well, creating a potential for the skin care section of the cosmetic packaging market to expand.

Make-up is expected to be the fastest-growing sector. Over the last several years, the expanding working female population has had a significant impact on market growth and has been one of the most important contributors to the segment's growth.
Global Cosmetic Packaging Market Regional Insights:

Over the forecast period, the Asia Pacific Cosmetic Packaging Market is predicted to develop at the quickest rate due to the rising popularity of cosmetics in the area. In the Asia Pacific, the cosmetic packaging industry was valued at USD 10.50 billion. Another factor promoting market expansion is the existence of a high number of suppliers in the region.

Increasing cosmetics demand from China, India, South Korea, Malaysia, and Thailand, among others, will propel the region's expansion throughout the projection period. The onset of the covid19 pandemic, on the other hand, is expected to reduce the market by 1.04% in the Asia Pacific in 2019.

North America is the market's second-largest region, with the United States dominating the market. The United States is the world's leading manufacturer of cosmetics and cosmetic packaging. It sends large quantities of cosmetics to almost every country on the planet. Producers in the region are also striving for environmentally friendly packaging and natural goods. Consumers in the European area are also choosing environmentally friendly packaging options.

In the forecast period, MEA is predicted to increase significantly. Soon, Muslim-dominated nations such as Saudi Arabia and the United Arab Emirates are likely to stimulate the demand for cosmetics. The industry in the area is being pushed by the rising demand for halal cosmetics. As a result, a rise in demand for cosmetics leads to an increase in demand for packaging.

The objective of the report is to present a comprehensive analysis of the global Cosmetic Packaging market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Cosmetic Packaging market dynamics, structure by analyzing the market segments and project the global Cosmetic Packaging market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Cosmetic Packaging market make the report investor’s guide.
Global Cosmetic Packaging Market Key Developments:

February 2020, Silgan Holdings has announced the acquisition of Cobra Plastics Inc. Silgan will be able to offer a greater selection of integrated solutions, including functional overcaps, to address the individual demands of clients by combining Cobra's overcap product line with the aerosol actuators and dispensing systems.

January 2020, Albea has announced the opening of a new manufacturing facility in Huai'an, China. Local government authorities and Albéa leaders were present for the ceremony. Huai'an will become the company's new manufacturing location for metal parts for cosmetic and skincare packaging.

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Global Cosmetic Packaging Market Scope: Inquire before buying

Global Cosmetic Packaging Market, by Material Type

• Plastic
• Metal
• Glass
• Paper
• Others
Global Cosmetic Packaging Market, by Container Type

• Plastic Bottles and Containers
• Glass Bottles and Containers
• Metal Containers
• Folding Cartons
• Corrugated Boxes
• Caps and Closures
• Tubes and Sticks
• Droppers
• Flexible Plastic Packaging
Global Cosmetic Packaging Market, by Capacity

• Type 1 (< 50 ml) • Type 2 (50-100 ml) • Type 3 (100-150 ml) • Type 4 (150-200 ml) • Type 5 (>200 ml)
Global Cosmetic Packaging Market, by Application

• Hair Care
• Skin Care
• Nail Care
• Make-up
• Deodorants
Global Cosmetic Packaging Market, by Region

• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global Cosmetic Packaging Market Key Players

• Albea S.A.
• Amcor PLC
• DS Smith PLC
• RPC Group Plc (Berry Global Group)
• HCP Packaging
• Silgan Holdings, Inc.
• Graham Packaging
• Libo Cosmetics Company
• AptarGroup, Inc.
• Cosmopak Ltd.
• Quadpack Industries SA
• Rieke Corporation
• Gerresheimer AG
• Raepak Ltd
• Ball Corporation
• Verescence France
• SKS Bottles & Packaging, Inc.
• Altium Packaging (Loews Corporation)
• Other Key Players

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