Cosmetic Packaging Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Tubes, Bottles, Jars, Pumps and Dispensers, and Others), Material (Glass, Plastic, Paper, Metal, and Others), and Application (Skin Care, Hair Care, Oral Care, and Others)
Publication Month: Mar 2022 |
Report Code: TIPRE00009940
| No. of Pages: 198
| Category: Chemicals and Materials
| Status: Published
The cosmetic packaging market was valued at US$ 31,064.7 million in 2021 and is projected to reach US$ 43,597.9 million by 2028; it is expected to grow at a CAGR of 5.0% from 2021 to 2028.
The growth of the market is attributed to the rapidly growing cosmetic industry; rising trend of wearing makeup among women; and the increasing number of makeup studios, beauty clinics, and salons across the globe. Furthermore, the manufacturers focus on creating better packaging design and branding their product smartly through innovative packaging to attract consumers. Also, the growing sales of cosmetic products through online retail channels would bolster the market growth during the forecast period.
In 2020, Asia Pacific held the largest share of the global cosmetic packaging market and is estimated to register the highest CAGR in the market during the forecast period. The market in Asia Pacific is categorized into China, India, Japan, South Korea, and Australia. Countries, such as South Korea, China, and Japan, are among the major market for cosmetic and personal care products due to the growing popularity of their unique makeup and skincare routines. The Asia Pacific cosmetic packaging market is witnessing significant growth due to rapid urbanization, remarkable economic development, cultural diversity, and the growing adoption of emerging makeup trends.
Report Coverage - Cosmetic Packaging Market
Market Size Value in
US$ 31,064.7 million in 2021
Market Size Value by
US$ 43,597.9 million by 2028
CAGR of 5.0% from 2021 to 2028.
No. of Pages
No. of Tables
No. of Charts & Figures
Historical data available
Type, Material, and Application
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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Impact of COVID-19 Pandemic on Cosmetic Packaging Market
The COVID-19 pandemic had significantly disrupted the manufacturing sector in terms of operational efficiency owing to extended lockdowns across different regions; manufacturing units shutdown; restrictions on travel, international trades, and supply chain; and shortage in the raw materials supply. The COVID-19 pandemic has negatively impacted the global cosmetic packaging market owing to the shutdown of manufacturing units, rising prices of raw material, shortage of labor, disruption of supply chains, and financial instability. Moreover, the disruption of the cosmetic industry due to economic slowdown caused by the COVID-19 outbreak has hindered the growth of the cosmetic packaging market. However, businesses are gaining ground as previously imposed limitations are being eased across various countries. Moreover, the introduction of COVID-19 vaccines by governments of different countries has further eased out the situation, leading to rise in business activities across the world. Furthermore, governments of different countries are planning to develop modern and technologically advanced infrastructure to mitigate the economic impacts of the pandemic. In the lockdown, consumers followed skin care treatments and therapies at home, which has significantly propelled the demand for cosmetic products. Thus, despite the impacts of the COVID-19 pandemic, the cosmetic packaging market is expected to gain a significant growth in the coming years.
Cosmetic Packaging Market Breakdown: by Region, 2020
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Market Insights Growing Cosmetic Industry
In recent years, there has been an increase in consciousness regarding personal appearance among individuals, leading to an increase in the demand for cosmetic products. North America and Europe are considered the biggest cosmetic markets globally. According to the data from L’Oreal, the global cosmetic industry witnessed a growth rate of 5.5% in 2019. According to Cosmetics Europe, the European cosmetic market grew from US$ 89.30 in 2018 to US$ 90.66 in 2019. Additionally, an increase in demand for cosmetics due to the shifting grooming trends among men and women is expected to drive the cosmetic industry. In recent years, the industry has shifted from a feminine-oriented products base toward an industry serving all genders, which has expanded the consumer base for the industry. The expanding consumer base from the cosmetic industry has led to high demand for cosmetic packaging products driving the market growth further.
Based on application, the global cosmetic packaging market is segmented into skin care, hair care, oral care, and others. In 2020, the skin care segment accounted for the largest revenue share. The rising number of beauty influencers launches various makeup and skin care tutorials that are gaining high popularity among the people. Moreover, the increasing trend of using products, such as sun protection cream, skin repair night creams, and fragrances, drives the demand for skin care products. The cosmetics packaging is used for various skincare products, such as moisturizers, hand creams, cleansers, and exfoliators. Skincare products packaging is designed to protect the product from air, light, heat, cold, moisture, dust, and dirt and keep it safe from tampering. For example, polypropylene packaging is used in a wide range of skincare products due to its flexibility, making it a superior choice for squeezable tubes. Moreover, skincare brands have started to recognize the environmental benefits of skincare packaging.
Cosmetic Packaging Market, by Application – 2020 and 2028
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ALBEA; APC PACKAGING; AptarGroup, Inc.; Berry Global Inc.; Gerresheimer AG; WWP Beauty; Silgan Plastics.; Huhtamaki; LIBO Cosmetics; and HCP Packaging are among the players operating in the cosmetic packaging market. These companies provide a wide range of product portfolio for the market. The companies have their presence in the developing regions, which provides lucrative opportunities for the cosmetic packaging market growth. The market players are developing high-quality and innovative products to meet the customer’s requirements.
Progressive industry trends in the cosmetic packaging market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the cosmetic packaging market from 2019 to 2028
Estimation of global demand for cosmetic packaging
Porter’s five forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
Recent developments to understand the competitive market scenario
Market trends and outlook as well as factors driving and restraining the growth of the cosmetic packaging market
Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
The size of the cosmetic packaging market size at various nodes
Detailed overview and segmentation of the market, as well as the cosmetic packaging industry dynamics
Size of the cosmetic packaging market in various regions with promising growth opportunities
The "Global Cosmetic Packaging Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global cosmetic packaging market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The cosmetic packaging market is segmented on the basis of product type, material, application, and geography. By type, the cosmetic packaging market is segmented into tubes, bottles, jars, pumps and dispensers, and others. By material, the market is segmented into glass, plastic, paper, metal, and others. By application, the cosmetic packaging market is segmented into skin care, hair care, oral care, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America.
Some of the major players operating in the global cosmetic packaging market are ALBEA; APC PACKAGING; AptarGroup, Inc.; Berry Global Inc.; Gerresheimer AG; WWP Beauty; Silgan Plastics.; Huhtamaki; LIBO Cosmetics.; and HCP Packaging.
In 2020, Asia Pacific accounted for the largest share of the global cosmetic packaging market. The cosmetic packaging industry is anticipated to expand faster due to increasing awareness of skin care, hair care, and personal care.
The growth of the cosmetic industry and rising demand for flexible packaging drives the global cosmetic packaging market. Awareness about external beauty has become one of the major driving factors for the use of cosmetics across the globe. Innovative package designs and increasing demand for cosmetics due to the growing youth population are anticipated to drive the market.
Based on application, skin care is expected to be the fastest growing segment during the forecast period. The skin care products include face cream, moisturizers, cleansers, face wash, and sunscreen. Continuous technological developments in the cosmetics and personal care sectors coupled with innovations and research & development expenditures are expected to propel the growth of cosmetic packaging.
Based on type, the bottle segment led the global cosmetic packaging market in 2020. Cosmetic products need protection from oxygen exposure, dust and cross-contaminants may affect the quality of the product. Bottles are available in different sizes and shapes, and are made of plastic or glass. Glass bottles are a popular choice for cosmetic packaging. Glass bottles enhance the product packaging in terms of quality.
The rise in sustainable and eco-friendly packaging is the key trend for the global cosmetic packaging market. The use of plastic packaging in the cosmetic industry has a harmful impact on the environment. This has led to an increased focus on developing sustainable and environment-friendly packaging.
The List of Companies - Cosmetic Packaging Market
BERRY GLOBAL INC.
Libo Cosmetics Co., Ltd.
Highlights key business priorities to assist companies realign their business strategies.
Features key findings and crucial progressive industry trends in the global cosmetic packaging market, thereby allowing players to develop effective long-term strategies.
Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
Scrutinizes in-depth market trends as well as key market drivers and restraints.
Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.