Global Cosmetic Packaging Market Expected to Drive Growth through 2022-2030 – The Greater Binghamton Business Journal

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The cosmetic packaging market was rated at $26.2 billion in 2020and it should reach $32.5 billion by 2027, registering a CAGR of 3.7% during the forecast period 2021-2027. In recent years, the packaging of the cosmetics industry has progressed by leaps and bounds. The cosmetics industry has the most diverse packaging needs of any other industry. The materials used range from various metals to paper, plastics and glass and create containers of various shapes and sizes and dispensing systems.

Plastic is one of the most commonly used packaging materials in the cosmetics industry. It comes in the form of primary containers, secondary soft pouches, caps and closures and the nozzle. Because it can hold liquid-solid and semi-solid materials and dispense products in regulated quantities, the plastic tube is one of the most important containers in the beauty industry. Compared to other container tubes, they can also provide better contamination prevention.

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Due to the high demand for personalized beauty products, the requirement for effective packaging has increased dramatically. Additionally, increased consumer awareness of personal care is driving the demand for cosmetic items, propelling the market under consideration. Facial serums and oils have grown in popularity over the past five years as they provide hydration, hydration, anti-aging, skin restoration, and blemish removal, among other benefits. These high-end items are in high demand among seniors. Dropper and pump bottles have gained popularity due to their growing demand.

Dynamics of the global cosmetic packaging market

Drivers: increased consumption of cosmetics

The market studied is largely dependent on the global cosmetics market and sensitive to comparable trends. The need for packaging is expected to increase as the demand for cosmetics grows. Factors such as increasing demand for cosmetics in emerging markets, increasing consumer awareness, changing consumer and lifestyle patterns, emphasis on personal care, and increasing consumer awareness of beauty products are driving investment in companies developing innovative packaging solutions.

Additionally, the rise in sales of cosmetic products due to the growth of e-commerce has also contributed significantly to the market. Online shopping has simplified the shopping experience for consumers, and beauty products are an important part of demand.

Constraints: growing sustainability concerns

Plastic occupies a significant share in cosmetic packaging and accounts for almost 50% of the materials used to package cosmetic products. This has become a serious concern due to the fact that plastic containers are not biodegradable.

The Dutch life cycle assessment agency LCA has predicted that nearly 120 billion containers are used in cosmetics packaging and end up directly in landfills. Companies have recently faced serious backlash due to the use of excessive packaging. Companies like DoTerra and Sulpac are committed to using sustainable packaging solutions for their cosmetic products. The market also sees new sustainable solutions hitting the market. Tom’s of Maine launched its recyclable toothpaste tube in February, while Quadpack also showcased its microplastic-free packaging solutions.

Report scope

The study categorizes the cosmetic packaging market on the basis of material, product type, and cosmetic type regionally and globally.

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

  • Plastic
  • Glass
  • Metal
  • Paper

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

  • Plastic bottles and containers
  • Glass bottles and containers
  • Metal containers
  • Folding boxes
  • Others
    • Corrugated boxes
    • Tubes and Sticks
    • Caps and closures
    • Pump and dispenser
    • Dropper
    • Bulbs
    • Soft plastic packaging

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

  • Oral care
  • Hair care
  • Bath and shower
  • Cosmetic Color
  • Skin care
  • Male grooming
  • Deodorants
  • Other types of cosmetics
    • Perfumes
    • Depilatories
    • Baby and childcare
    • Sunscreen

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

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

Cosmetic Packaging Segment, By Material Type

The global cosmetic packaging market is split into plastic, glass, metal, and paper by material type. In 2020, the plastic segment accounted for the largest market share of 52.0%, and it is expected to register a significant CAGR from 2021 to 2027. For its light and cheap cost, durability, flexibility and other characteristics , plastic is a popular material for cosmetic packaging. Plastics are commonly used in shatterproof and “spill-proof” bottles, jars, tubes, lids and closures for personal care items. In addition to using recycled materials, Gerresheimer is committed to helping customers reduce greenhouse gas emissions through biomaterials. Biomaterials are environmentally friendly alternatives to PE/PET. Sugarcane is one of the substances used to make biomaterials, where ethanol is extracted from the sugarcane plant. After conversion into green ethylene, it goes to the polymerization plants, converted into green PE/PET.

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Asia-Pacific accounts for the highest CAGR during the forecast period

Based on region, the global cosmetic packaging market has been segmented into North America, Asia-Pacific, Europe, South America, and Middle East & Africa. Asia-Pacific region is expected to have the highest CAGR in the global cosmetic packaging market over the projected period. China, India, Japan, South Korea, Australia, Southeast Asia, and the rest of Asia-Pacific make up the region. Strong economic growth in emerging countries such as China, Indonesia, Malaysia and India is driving growth in the region.

After Aisa Pacific, the Middle East and Africa is the fastest growing region with a CAGR of 4.4%. Consumers in the United Arab Emirates have a wide variety of choices in terms of cosmetics and fragrances. So, to capture maximum market share and boost their presence in the market, cosmetics and fragrance companies are enhancing their packaging with various materials, some of which are designed for durability.

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Main market players

Albea Group, HCP Packaging, Bemis Company Inc., RPC Group Plc, DS Smith, Graham Packaging Company, Silgan Holdings, Libo Cosmetics Company Ltd., AREMIX Packaging and AptarGroup Inc. are some of the key players included in the “Global Cosmetic Report packaging market research

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