Cosmetic Packaging Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Cosmetic package refers to the packaging done for cosmetic products that are required to be attractive and unique in their features. It is used for the protection of cosmetic products from all hazards they would be exposed to during transport and handling.

Sizing and Forecast
The cosmetic packaging market size has grown strongly in recent years. It will grow from $34.82 billion in 2023 to $36.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growth in the cosmetic industry, consumer preference for premium packaging, sustainability and eco-friendly packaging, introduction of new cosmetic products, globalization of cosmetic brands, consumer convenience and portability..

The cosmetic packaging market size is expected to see strong growth in the next few years. It will grow to $46.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to focus on recyclable and biodegradable materials, demand for anti-counterfeiting measures, shift towards minimalist and sustainable designs, focus on circular economy principles, government regulations on packaging waste, emergence of refillable packaging concepts.. Major trends in the forecast period include innovations in materials and printing techniques, integration of sustainable inks and coatings, transparent and clear packaging, collaborations with artists and designers, focus on safety and hygiene, e-commerce-friendly packaging, packaging as a brand differentiator..

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Segmentation & Regional Insights
The cosmetic packaging market covered in this report is segmented –

1) By Packaging Type: Tubes, Bottles, Dispensers, Other Packaging Types
2) By Material Type: Glass, Paper Based, Plastic, Metal
3) By Application: Oral Care, Skin Care, Hair Care, Makeup, Perfume

Asia-Pacific was the largest region in the cosmetic packaging market in 2023. The regions covered in the cosmetic packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increase in consumption of cosmetics products is expected to propel the growth of the cosmetic packaging market going forward. Cosmetic products refer to any external preparation which is intended to cleanse, tone, color, or beautify the face or neck. Cosmetic packaging deals from the logo of the cosmetic company to the ingredients and protection that the cosmetic, resulting to an increasing consumption of cosmetics products and thus increases demand for the cosmetic packaging. For instance, in 2022, according to Premium Beauty News, a France-based website devoted to professionals in the cosmetics and beauty industries, in France, the sales of prestige beauty products returned to growth with a 9% increase in 2021. Therefore, the increasing consumption of cosmetic products is driving the growth of the cosmetic packaging market.

Key Industry Players
Major companies operating in the cosmetic packaging market report are AptarGroup Inc., BambooVision, Amcor PLC, Albea SA, Dasso Group, EcoPlanet Bamboo, World Wide Packaging LLC, Bemis Company Inc., Simply Bamboo Pty Ltd., Smith & Fong Company, Berry Global Inc., Sonoco, Huhtamaki Oyj, TriMas Corporation, Rexam Plc, Akey Group LLC, Alltub Group, Alpha Packaging, Baralan USA, Lumson S.p.A., Cosmopak USA LLC, Coverpla Inc., East Hill Industries LLC, Fusion Packaging, Garrett Hewitt International, Global Packaging Inc., HCP Packaging, HCT Group, IntraPac International LLC, Pack Logix, Pack-Tubes, Qosmedix, Raepak Ltd., Roberts Cosmetic Container Corp., RPC M&H Plastics, TricorBraun, Virospack SLU

The cosmetic packaging market report table of contents includes:

1. Executive Summary

2. Cosmetic Packaging Market Characteristics

3. Cosmetic Packaging Market Trends And Strategies

4. Cosmetic Packaging Market – Macro Economic Scenario

5. Global Cosmetic Packaging Market Size and Growth

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31. Global Cosmetic Packaging Market Competitive Benchmarking

32. Global Cosmetic Packaging Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Cosmetic Packaging Market

34. Cosmetic Packaging Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

AptarGroup Inc.

BambooVision

Amcor PLC

Dasso Group

EcoPlanet Bamboo

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