Cosmetic Packaging Market to Reach USD 40.96 Billion by


Pune, India, Aug. 25, 2022 (GLOBE NEWSWIRE) — The world cosmetic packaging market the size was $29.81 billion in 2020. The market is expected to grow from $30.98 billion in 2021 for $40.96 billion in 2028 at a CAGR of 4.1% during the period 2021-2028. This information is indicated by Fortune Business Insight™ in its report entitled, “Cosmetic Packaging Market, 2021-2028.”

According to our research experts, cosmetic packaging plays a vital role in promoting and advertising several cosmetic products by attracting consumers’ attention. Lots of graphics and packaging designs are essential to make cosmetics packaging appealing.

List of Key Players Covered in the Report

  • Amcor (Switzerland)
  • Sealed Air Corporation (USA)
  • ALPLA Group (Austria)
  • Aptar, Inc. (USA)
  • HCP packaging (China)
  • Berry Global (USA)
  • Packaging Berlin (USA)
  • Bemis Company (USA)
  • Albéa SA (India)
  • BIG SKY PACKING (USA)
  • DS Smith (UK)

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Declining Demand for Cosmetics Amid COVID-19 to Impact Market Development

The COVID-19 pandemic has caused various disruptions, including widespread economic instability. Consequently, consumer spending on non-essential items, including cosmetics, saw a decline in 2020. Additionally, with the majority of consumers staying at home due to the lockdown, the use of cosmetics dropped significantly. As a result, changing consumer preferences and changing shopping behaviors have impacted the global demand for cosmetics, affecting the demand for cosmetic packaging.

Report scope and segmentation

Report attribute Details
Market size value in 2021 $30.98 billion
Revenue forecast in 2028 $40.96 billion
Rate of growth CAGR of nearly 4.1% 2021-2028
Year of reference 2020
Historical years 2017 – 2019
Forecast years 2021- 2028
Segments Covered By end use, by application
Forecast units Value (USD billion) and volume (units)
Quantitative units Revenue in USD Million/Billion and CAGR from 2021 to 2028
Regions covered North America, Europe, Asia-Pacific, South America, Middle East and Africa, and Rest of the World
Countries covered United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others
Number of companies covered Amcor (Switzerland) Sealed Air Corporation (USA) ALPLA Group (Austria) Aptar, Inc. (USA) HCP Packaging (China) Berry Global (USA) Berlin Packaging (USA) Bemis Company (USA) USA) Albea SA (India) BIG SKY PACKAGING (USA) DS Smith (UK)
Report cover Market Growth Drivers, Restraints, Opportunities, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis, Regulatory Landscape, Market Attractiveness Analysis by Segments and Regions, Market Share Analysis of business and analysis of the impact of COVID-19.

Report cover

We provide our reports which are conducted with a comprehensive review approach that mainly focuses on providing accurate material. Our researchers have applied a data triangulation method which further helps us to come up with reliable estimates and accurately test the overall market dynamics. Additionally, our analysts have been admitted to many international and regional funded registries to provide the updated material so that stakeholders and professionals only invest in critical areas.

Global Cosmetic Packaging Scope:

The report offers a detailed overview of new product launches, new technological developments, innovative services, and ongoing R&D. The report deals with qualitative and quantitative analysis of the market including PEST analysis, SWOT analysis and Porter’s five forces analysis. The Cosmetic Packaging Market report focuses on six major regions, namely North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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Segmentation:

By Material, the market is split into:

  • Glass
  • Cardboard
  • Plastic
  • Metal
  • Others

Based on Application, the market is split into:

  • Skin care
  • Hair care
  • To put on makeup
  • Manicure

On the basis of geography, the global market is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Drivers and Constraints

Growing use of cosmetics to drive market growth

The cosmetics market is growing rapidly in emerging countries and hence the demand is also increasing. Growing flexible income and increasing consumer awareness of beauty and cosmetic products are the main aspects of the demand for cosmetic products.

Customers have also become more open to the use of cosmetics as eco-friendly, organic and cleaner products are making their way into the market. Moreover, brands also logically classify their products to attract more and more users. This is expected to support the cosmetic packaging market growth over the forecast period.

Regional outlook

Asia-Pacific held the maximum cosmetic packaging market share and was worth $10.39 billion in 2020, with China accounting for more than three-fifths of the market. Moreover, China is the second largest cosmetics market after the United States.

North America ranks second in the market and is mostly dominated by the United States. The United States is the largest manufacturer of cosmetics and cosmetic packaging. It exports huge quantities of cosmetic products to most regions of the globe.

Likewise, European consumers are also looking for maintainable packaging solutions. Users in the region are switching to post-consumer recycled (PCR) packaging, and thus cosmetics producers are at the forefront of adopting PCR plastic packaging in their products everywhere.

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https://www.fortunebusinessinsights.com/cosmetic-packaging-market-102130

Competitive landscape

Inventive product launch statements by crucial players to boost market growth

The essential players present in the market adopt many tactics to strengthen their position in the market as dominant companies. One such prominent strategy is to recruit companies to build brand value among users. Another fundamental approach is to intermittently launch innovative products with a thorough study of the market and its target audience.

Detailed Table of Contents:

  • Introduction
    • Search scope
    • Market segmentation
    • Research Methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
  • key ideas
    • Main emerging trends – for main countries
    • Industry SWOT Analysis
    • Regulatory analysis
    • Recent Industry Developments – Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
  • Qualitative insights – Impact of COVID-19 on the global cosmetic packaging market
    • Supply chain challenges
    • Measures taken by government/companies to overcome this impact
    • Potential opportunities due to the COVID-19 outbreak
  • Global Cosmetic Packaging Market Analysis, Outlook and Forecast, 2017-2028
    • Main results/summary
    • Market size estimates and forecasts
      • By material (value)
        • Glass
        • Cardboard
        • Plastic
        • Metal
        • Others
      • By application (value)
        • Skin care
        • Hair care
        • To put on makeup
        • Manicure
      • By region (value)
        • North America
        • Europe
        • Asia Pacific
        • Latin America
        • Middle East and Africa

Explore the detailed table of contents…

industry development

June 2020: Berry Bramlage, which is a division of Berry Global CPI, introduced a new series of top-class cosmetic packaging jars. The newly launched product is unveiled under the brand identity “Infinity Quartz” with multiple resources including reprocessed plastic.

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Browse trending reports by Fortune Business Insights:

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beverage packaging market Projected value of $177.04 billion by 2026 | Global Beverage Packaging Industry Share, Size, Trends, Outlook and Forecast Report by Fortune Business Insights™

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