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.
Comments