According to Stratistics MRC, the Global Cosmetic Packaging Market is accounted for $36.63 billion in 2022 and is expected to reach $54.36 billion by 2028 growing at a CAGR of 6.8% during the forecast period.
Cosmetic packaging refers to cosmetic product packaging that also aids in brand positioning. Paper, plastic, metal, and glass are all used to make packaging materials. Tubes, bottles, jars, pumps, dispensers, and sachets are all types of cosmetic packaging. The growing importance of packaging for cosmetic brand differentiation is expected to drive cosmetic packaging market growth. Key manufacturers in the cosmetics and personal care industry are concentrating their efforts on marketing in order to increase brand visibility.
Cosmetic packaging is gaining market traction, with significant growth, owing primarily to an increase in demand from millennials in emerging markets such as India, Brazil, and South Africa. The global hair care and skin care industries are expanding at a faster annual rate. Some of the prominent products driving the global cosmetic packaging market are anti-aging products such as creams, shampoos, and hair conditioners. Rising female population awareness of anti-aging products is one of the primary factors driving the global cosmetic packaging market.
By geography, The Middle East and Africa region is expected to grow significantly and is expected to register the highest CAGR growth during the forecast period. Customers in the region consume a high volume of products, particularly luxury products, as a result of high incomes in developed Middle Eastern countries such as Saudi Arabia and the UAE, which are expected to drive demand for cosmetic products during the forecast period. Furthermore, rising demand for halal cosmetics and demand for the cosmetic industry leads to increased demand for the packaging industry, fueling market growth in this region.
Some of the key players profiled in the Cosmetic Packaging Market include Silgan Holdings, Bemis Company Inc., DS Smith, Albea S.A., HCP Packaging, RPC Group Plc, Amcor plc, Graham Packaging Company, Libo Cosmetics, Carlyle Group, AptarGroup Inc. and AREMIX Packaging.
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Materials Covered:
- Plastic
- Metal
- Glass
- Paper
- Other Materials
Container Types Covered:
- Jars
- Bottles
- Tubes
- Containers
- Blister & strip packs
- Aerosol cans
- Folding cartons
- Flexible plastics
- Other Container Types
Applications Covered:
- Hair Care
- Skin Care
- Nail Care
- Make-up
- Fragrances & Perfumes
- Other Applications
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