Need for innovative, customized, and premium packaging from the cosmetic industry driving the Cosmetic Packaging Market

 

The global cosmetic packaging market size is projected to grow from USD 49.4 billion in 2020 to USD 60.9 billion by 2025, at a CAGR of 4.03% from 2020 to 2025. The market is projected to grow in accordance with the growth of the cosmetic industry across the globe. Factors such as an increase in the innovations in packaging, and a boost in the demand for cosmetics from the youth population is expected to drive the market for cosmetic packaging.

The Asia Pacific region accounted for the largest market share in 2019. The increase in demand in the region for cosmetic packaging can be largely attributed to the growing population, urbanization & disposable income of the population. Besides, there are less stringent norms and standards for the use of raw materials or ingredients for the manufacturing of packaging products, along with the easy availability of cheap labor, which is attracting the major players to expand their operations in the region. Furthermore, the increase in demand for cosmetics from the emerging economies of Asia Pacific is expected to boost the market for cosmetic packaging as well.

To know about the assumptions considered for the study download the pdf brochure

Key Market Players

Key players, such as Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Albea SA (France), HCP Packaging (China), AptarGroup, Inc. (US), and Huhtamaki Oyj (Finland) have adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the cosmetic packaging market.

Amcor, formerly known as APM-Australian Paper Manufacturers, is a global packaging manufacturer that offers innovative packaging solutions to the customers. Amcor designs highly versatile packaging solutions which are innovative, available with a one-way integrated valve, and offer ease of disposal. Innovation, excellence in manufacturing, and a broad range of technologies are the key strengths of the company. The company is one of the key leaders in the cosmetic packaging market; faces strong competition from the global as well as the regional players.

Recent Developments

• In January 2020, Albea SA opened a new plant for the manufacturing of metal parts for its skincare and cosmetic packaging Huai’an (China). The operations in the plant are expected to start in 2020.
• In December 2019, AptarGroup opened a new sales office in Dubai. This sales office will be operated for all the three segments of the company namely, beauty & home, food & beverage and pharma. With this expansion, the company aims to target the customers of several countries in the Middle East.
• In December 2019, Huhtamaki acquired complete ownership of the joint venture company Laminor S.A. (Brazil), which was established in 2002 as a 50/50 joint venture with Bemis Company (now part of Amcor). Laminor S.A. was specialized in manufacturing tube laminates, particularly for oral care applications. This acquisition is expected to expand Huhtamaki’s tube laminate business and further its flexible packaging product portfolio.

Don’t miss out on business opportunities in Cosmetic Packaging Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Cosmetic Packaging Market worth $ 60.9 billion by 2025

 The global cosmetic packaging market size is projected to grow from USD 49.4 billion in 2020 to USD 60.9 billion by 2025, at a CAGR of 4.03% from 2020 to 2025. The market is projected to grow in accordance with the growth of the cosmetic industry across the globe. Factors such as an increase in the innovations in packaging, and a boost in the demand for cosmetics from the youth population is expected to drive the market for cosmetic packaging.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1307

In terms of value and volume, bottles are estimated to lead the cosmetic packaging market

Bottles, by type, accounted for the largest market share among all the types of cosmetic packaging because of the increase in demand for bottles from the personal care and hair care manufacturers. Bottles can be customized according to the requirements of the customers and maybe printed with unique ideas & patterns. The bottles are an ideal choice for most of the cosmetic products such as lotions, body wash, shampoos, conditioners, and many more.

In terms of value and volume, rigid plastic is estimated to lead the cosmetic packaging market

The rigid plastic, by material, led the cosmetic packaging market in 2019, in terms of value and volume. Rigid plastic packaging involves the use of plastic materials; this form of packaging has an inflexible shape or form. Factors such as being lightweight and a cost-effective packaging solution for cosmetic products will boost the demand of rigid plastic bottles, jars, and containers for the cosmetic packaging industry (specifically for the color cosmetics, skin care and hair care application).

Skin care is estimated to be the largest segment in the cosmetic packaging market

Skin care, by application, accounted for the largest demand for cosmetic packaging in 2019, in terms of value and volume. This dominant market position is attributed to the boost in the demand for new and innovative skin care ranges such as face creams, anti-aging creams, sunscreens, and others. With the boost in the demand for personal grooming products, the demand for its packaging product has also gone up, which has created an opportunity for the growth of the skin care segment in the cosmetic packaging market.

The Asia Pacific region is projected to account for the largest share in the cosmetic packaging market

The Asia Pacific region is projected to lead the cosmetic packaging market, in terms of both value and volume from 2020 to 2025. An Increase in demand for cosmetic products in emerging economies, as well as a boost in consumer awareness drives the investments of manufacturers to develop unique & innovative packaging solutions.  This, in turn, increases the demand for cosmetic products, and is further expected to boost the demand for packaging in the Asia Pacific region.

Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Huhtamaki Oyj (Finland), Albea SA (France), and DS Smith PLC (UK) are the key players operating in the cosmetic packaging market. Expansions, acquisitions, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the cosmetic packaging market.

Inquiry before buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1307

High demand from cosmetic brands for innovative & sustainable packaging are driving the cosmetic packaging Market

The global cosmetic packaging market size is projected to grow from USD 49.4 billion in 2020 to USD 60.9 billion by 2025, at a CAGR of 4.03% from 2020 to 2025. The market is projected to grow in accordance with the growth of the cosmetic industry across the globe. Factors such as an increase in the innovations in packaging, and a boost in the demand for cosmetics from the youth population is expected to drive the market for cosmetic packaging.

Browse 144 market data Tables and 43 Figures spread through 180 Pages and in-depth TOC on “Cosmetic Packaging Market by Type, Material (Glass, Metal, Rigid plastic, Paper-based, Flexible packaging), Application (Skin care, Hair care, Oral care, Sun care, Color cosmetic, Fragrance & perfume), and Region – Global Forecast to 2025”

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1307

Based on type, the bottles segment is projected to be the largest market for cosmetic packaging. The dominant market position of the bottles can be attributed to its durability. Plastic bottles are widely preferred as these are light in weight (which makes them easy to carry) and are not prone to breakage. Furthermore, owing to the attractive & premium look of the glass bottles, the demand for bottles for fragrances and perfumes is rapidly increasing.

By material, the paper-based segment is projected to be the fastest-growing segment in the cosmetic packaging market. Factors such as recyclability, sustainability, and the use of environmentally friendly materials for the production of packaging products make it a widely used material for the packaging of cosmetics.

By application, the skin care segment is projected to be the largest segment in the cosmetic packaging market. This dominant market position is attributed to the exponential growth in demand for personal care & grooming products across the globe. With the change in the lifestyle and buying patterns, the demand for wellness, grooming and personal care products has also gone up (especially the youth and male population), which has created an opportunity for the skin care segment.

The Asia Pacific region accounted for the largest market share in 2019. The increase in demand in the region for cosmetic packaging can be largely attributed to the growing population, urbanization & disposable income of the population. Besides, there are less stringent norms and standards for the use of raw materials or ingredients for the manufacturing of packaging products, along with the easy availability of cheap labor, which is attracting the major players to expand their operations in the region. Furthermore, the increase in demand for cosmetics from the emerging economies of Asia Pacific is expected to boost the market for cosmetic packaging as well.

Read More: https://www.marketsandmarkets.com/ResearchInsight/cosmetic-packaging-market.asp

Demand for cosmetics from the youth population is expected to drive the market for cosmetic packaging

 

The global cosmetic packaging market size is projected to grow from USD 49.4 billion in 2020 to USD 60.9 billion by 2025, at a CAGR of 4.03% from 2020 to 2025. The market is projected to grow in accordance with the growth of the cosmetic industry across the globe. The growth of this market is attributed to the change in the style of packaging, innovative & premium package designs, and boost in the demand for cosmetics due to the rising youth population.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1307

Skin care is estimated to be the largest segment in the cosmetic packaging market

Skin care, by application, accounted for the largest demand for cosmetic packaging in 2019, in terms of value and volume. This dominant market position is attributed to the boost in the demand for new and innovative skin care ranges such as face creams, anti-aging creams, sunscreens, and others. With the boost in the demand for personal grooming products, the demand for its packaging product has also gone up, which has created an opportunity for the growth of the skin care segment in the cosmetic packaging market.

Bottles are estimated to lead the cosmetic packaging market

Bottles, by type, accounted for the largest market share among all the types of cosmetic packaging because of the increase in demand for bottles from the personal care and hair care manufacturers. Bottles can be customized according to the requirements of the customers and maybe printed with unique ideas & patterns. The bottles are an ideal choice for most of the cosmetic products such as lotions, body wash, shampoos, conditioners, and many more.

The Asia Pacific region accounted for the largest market share in 2019. The increase in demand in the region for cosmetic packaging can be largely attributed to the growing population, urbanization & disposable income of the population. Besides, there are less stringent norms and standards for the use of raw materials or ingredients for the manufacturing of packaging products, along with the easy availability of cheap labor, which is attracting the major players to expand their operations in the region. Furthermore, the increase in demand for cosmetics from the emerging economies of Asia Pacific is expected to boost the market for cosmetic packaging as well.

Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Huhtamaki Oyj (Finland), Albea SA (France), and DS Smith PLC (UK) are the key players operating in the cosmetic packaging market. Expansions, acquisitions, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the cosmetic packaging market.

Don’t miss out on business opportunities in Cosmetic Packaging Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Amcor (Australia) and Berry Global Inc. (US) Key Players in the Cosmetic Packaging Market

The global cosmetic packaging market size is projected to grow from USD 49.4 billion in 2020 to USD 60.9 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.03% during the forecast year. The growth of this market is attributed to the change in the style of packaging, innovative & premium package designs, and boost in the demand for cosmetics due to the rising youth population.

The cosmetic packaging market has been dominated by large players, such as the Amcor PLC (Australia), Berry Global Inc. (US), DS Smith PLC (UK), Sonoco (US), and Huhtamaki Oyj (Finland). These players have adopted various growth strategies, such as expansions, new product developments, and acquisitions, to increase their market shares and enhance their product portfolios.

Acquisitions accounted for the largest share of all the strategic developments that took place in the cosmetic packaging market between February 2016 and January 2020. Key players such as Amcor PLC (Australia), Berry Global Inc. (US), Sonoco (US), Huhtamaki Oyj (Finland), AptarGroup, Inc. (US), TriMas Corporation (US), and HCP Packaging (China) adopted these strategies to strengthen their business portfolios and presence in the cosmetic packaging industry.

To know about the assumptions considered for the study download the pdf brochure

Amcor (Australia) designs highly versatile cosmetic packaging solutions that are innovative, available with a one-way integrated valve, and offer ease of disposal. Innovation, excellence in manufacturing, and a broad range of technologies are the key strengths of the company. The company caters to the food, healthcare, beverage, home, tobacco, and personal care industries through its broad range of flexible and rigid packaging products. Amcor is currently focusing on reducing the carbon footprint by making the packaging material lighter, increasing the recycling rate of raw materials, developing efficient transport and re-closable packaging, and creating packaging material sustainable to heat treatment.

Berry Global Inc. (US) is one of the key manufacturer and supplier of a range of innovative rigid and flexible products for the consumer as well as industrial end markets. Berry Global focuses on expanding its customer base in various regions by offering an attractive product portfolio for cosmetic packaging. Along with a strong footprint worldwide, the company also focuses on offering an innovative & sustainable solution to the cosmetic industry for its cosmetic packaging. It has a strong foothold across the globe with 130 manufacturing facilities in North America, Asia, Europe, South America, and the Middle East.

Read More: https://www.marketsandmarkets.com/PressReleases/cosmetic-packaging.asp

Market Leader: Cosmetic Packaging Market

The cosmetic packaging & machinery market is emerging with a positive growth due to the rising demand for cosmetic products. There is a continuous need of innovation in the cosmetic packaging & machinery industry to gain a competitive edge over the other players. There is no other substitute to packaging, so more innovation and creative designs are required for cosmetic packaging, and high-tech machines are required to implement and realize the creative and convenient designs. Therefore, all the key companies have their own research and development departments to provide new and innovative packaging to their customers.

Download PDF Brochure to know more @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1307

The rising concern of people about their appearance is promoting the cosmetic industry. The rising demand for good and luxurious products is garnering the cosmetic packaging and cosmetic packaging machinery market. Consumers are also concerned about the packaging that has promoted various regulations in different regions. In order to achieve this hike, innovations are being done to meet the consumer needs. The demand for plastic as a material is also gaining hold in this industry.

The Asia-Pacific market has tremendous opportunities for cosmetic packaging and machinery market. This region has emerged to be the driving factor for cosmetic packaging market, contributing to around 24% of the global demand. China is the market leader in the Asia-Pacific region due to the urbanization, and changing consumer taste and preferences. The other emerging economies such as Brazil, India, etc. are further lined up for future growth in this market. Companies such as HCP Packaging are investing in new product launches and creative designs to get a competitive edge over others. The cosmetic packaging equipment manufacturing companies are preferring expansion as the development strategy. Marchesini Group (Italy) opened a new facility in Italy that is dedicated to complete packaging lines.

Through the organic growth strategies such as expansions and new product developments, the companies are expanding worldwide. The companies operating in this market such as Amcor Ltd. (Australia), HCP Packaging (China), Bosch Packaging Technology (Germany), and Marchesini Group (Italy), are engaged in the innovation of their products and enhancing their penetration in the cosmetic packaging & machinery market.

Related Reports:

Cosmetic Packaging Market by Type, Material (Plastic, Glass, Metal, Paper), Application (Hair Care, Nail Care, Skin Care, Make-Up) & by Packaging Machinery (Filling, Unscrambler, Sealing, Conveyor) & Geography – Global Trend & Forecast 2018.

Pre book new version of this report: 

https://www.marketsandmarkets.com/RequestNewVersion.asp?id=1307

Cosmetic Packaging Market worth $32,384.25 Million by 2018

The market research report “Cosmetic Packaging Market by Type, Material (Plastic, Glass, Metal, Paper), Application (Hair Care, Nail Care, Skin Care, Make-Up) & by Packaging Machinery (Filling, Unscrambler, Sealing, Conveyor) & Geography – Global Trend & Forecast to 2018”, defines and segments the cosmetic packaging & machinery market with an analysis and forecast of values. It also identifies driving and restraining factors for the cosmetic packaging & machinery market with an analysis of the trends, opportunities, burning issues, winning imperatives, and challenges.

Browse 128 market data tables and 56 figures spread through 383 pages and in-depth TOC on “Cosmetic Packaging Market”
Receive 10% customization on reports.

According to this report, the cosmetic packaging market is estimated to grow at a CAGR of 5.4% from 2013 to 2018. The cosmetic packaging machinery will reach $2,510 million by 2018. Asia-Pacific led the cosmetic packaging machinery market followed by Europe and North America.

Cosmetic packaging market is a growing sector that has various stake holders such as raw material suppliers, processors, cosmetic and cosmetic packaging manufacturers; with the market for cosmetic products rising, players in cosmetic packaging industry are struggling to diversify their product portfolio. An efficient and suitable packaging is essential for all types of cosmetics.

Ask for sample paper @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=1307

Plastic is the most preferred material. Consumer preferences, product characteristics, and material compatibility are essential in determining the type of packaging for the products. Asia-Pacific is a significant market share holder and an impacting driver.Asia-Pacific has the highest market share and is projected to be the fastest growing market. The potential markets for cosmetic packaging include India, China, and Brazil which are poised to exhibit the fastest growing trend.

Due to the increased awareness about anti-aging products amongst the women above 30 years of age and high demand for skin whitener in Asia-Pacific region, the skin care packaging market is estimated to grow further in the future. The report also studies various other important aspects pertaining to the market such as Porter’s analysis, competitive landscape, price analysis of raw materials, and supply chain. In addition, 30 players of this market have also been profiled.

Don’t miss out on business opportunities in Cosmetic Packaging Market. Speak to our analyst and gain crucial industry insights that will help your business grow.