Global Cosmetic Packaging Market By Overview
Cosmetic Packaging Market was valued at USD 61.6 Billion in 2024 and is projected to grow at a CAGR of 13.60% to reach USD 196.9 Billion by 2034.
The main purpose of packaging is the protection of the product from all risks it can be exposed to during transport and handling. In the cosmetics industry a variety of materials used in its packaging, including plastics and metals, with glass being among other materials. Packing plays an important role in represents the brand's identity and memorability, also it is already considered part of the product by the consumer. The cosmetic packaging material used in the cosmetic is depending on various factors such as material performance, such as durability and sustainability, retail conditions and others. The packaging of Cosmetic products needs both attractive and practical packaging.
Global Cosmetic Packaging Market By Dynamics
Increasing demand for cosmetics with changing the style of packaging, innovative package designs, and due to the growing youth population are anticipated to drive the market in the forecast period. For instance according to UN.Org around 1.2 billion youth aged 15-24 years globally in 2015, and by 2030, the number of youth is projected to have grown by 7 per cent, to nearly 1.3 billion. Also, increasing demand for cosmetics owing to shifting trends of grooming among both gender types which led to boost target market growth. Furthermore innovation in packaging that plays a vital role in attracting consumers, fuel target market growth. As well as the new entrants in the cosmetic industry led to a rise in innovation in products and packaging to gain a competitive advantage, such factor drives the growth for the target market. Along with the rise in the e-commerce sector and internet penetration in rural as well as urban areas have strongly impacted the demand for cosmetics. For instance according to UNCTAD global e-commerce sales grew 13% in 2017, hitting an estimated $29 trillion. Moreover, the growing presence of millennial on social media helps them explore more global cosmetic brands which, in turn, is driving the sales of cosmetic packaging.
Global Cosmetic Packaging Market By Segmentation
The Cosmetic Packaging market is segmented based on by Type, by Application, and region.
By Type, the Cosmetic Packaging market size and share is classified into plastic, glass, metal, paper. By Application, the Cosmetic Packaging market size is classified into hair care, nail care, skincare, and make-up. Skincare segment is expected to dominate the segment. Owing to the increasing acceptance of skincare and anti-ageing products boost the demand for the cosmetic packaging industry. Additionally, skincare segment has an enormous number of variants such as face creams, cleansing wipes, pore strips, and toner among others, thus enhancing the need for different cosmetic packaging solutions by manufacturers to differentiate their offerings and cater to a wide range of customers.
Regional Insights:
Asia Pacific region is expected to show the highest CAGR in the estimated period. Due to the increasing popularity of cosmetics in the region. Additionally, the presence of a large number of vendors and rise in the e-commerce sector in the region is an additional factor boosting the market growth. North America shows the significant growth in the forecasted period, owing to increasing acceptance of advanced technologies for cosmetic packaging with growing trends of skincare products such factors driving market growth in the region.
Cosmetic Packaging Market, By Type:
- Plastic
- Glass
- Metal
- Paper
Cosmetic Packaging Market, By Application:
- Hair Care
- Nail Care
- Skin Care
- Make-Up
Cosmetic Packaging Market, By Region:
- North America
- North America Cosmetic Packaging Market, By Type
- North America Cosmetic Packaging Market, By Country
- U.S.
- Canada
- North America Cosmetic Packaging Market, By Application
- Europe
- Europe Cosmetic Packaging Market, By Type
- Europe Cosmetic Packaging Market, By Application
- Europe Cosmetic Packaging Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Cosmetic Packaging Market, By Type
- Asia Pacific Cosmetic Packaging Market, By Application
- Asia Pacific Cosmetic Packaging Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Cosmetic Packaging Market, By Type
- Latin America Cosmetic Packaging Market, By Application
- Latin America Cosmetic Packaging Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Cosmetic Packaging Market, By Type
- Middle East & Africa Cosmetic Packaging Market, By Application
- Middle East & Africa Cosmetic Packaging Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America Cosmetic Packaging Market, By Country
- North America Cosmetic Packaging Market, By Type
Global Cosmetic Packaging Market By Key Players
The key players operating the Cosmetic Packaging market involves Albea, HCP Packaging, RPC Group Plc, Silgan Holdings, Bemis Company Inc., DS Smith, Graham Packaging Company, Libo Cosmetics, AptarGroup Inc., and AREMIX Packaging. The key players in the market focusing on the research and development in packing and launches of the new product. For instance, Albéa announces partnership with leading 3D technology innovation start-up Erpro 3D Factory. This partnership will let Albéa and Erpro 3D Factory deliver fully-personalized cosmetic packaging solutions.
Global Cosmetic Packaging Market By Key Issues Addressed
- In April 2024, GEKA launches formulation-compliant recycled PP material for cosmetics packaging. In comparison to virgin materials, the new material offers unparalleled color brilliance, ensures no loss of visual effects, and cuts CO2 emissions by 75%. A ground-breaking material innovation, the new PCR PP is appropriate for parts like bottles and rods that come into touch with formulation. Because it functions just like virgin material, producers don't need to modify their processing or tools, and it is available at a similar cost point. Because of this, it's a zero-investment option that enables brands to move quickly toward sustainability.
Global Cosmetic Packaging Market By Company Profile
- Albea
- HCP Packaging
- RPC Group Plc
- Silgan Holdings
- Bemis Company Inc.
- DS Smith
- Graham Packaging Company
- Libo Cosmetics
- AptarGroup Inc.
- AREMIX Packaging
Global Cosmetic Packaging Market By Highlights
FAQs
The cosmetic packaging market is segmented based on type, application, and region.
Increasing demand for cosmetics with changing the style
Asia Pacific region is expected to show the highest CAGR in the estimated period. Due to the increasing popularity of cosmetics in the region
The key players in the market focusing on the research and development in packing and launches of the new product. For instance, Albéa announces partnership with leading 3D technology innovation start-up Erpro 3D Factory. This partnership will let Albéa and Erpro 3D Factory deliver fully-personalized cosmetic packaging solutions.