Global Cosmetics And Personal Care Packaging Equipment Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Cosmetics and personnel care packaging equipment is a type of machinery that encloses and safeguards products by entrapping them in a container for distribution, storage, and use. It is used to rapidly and effectively wrap or place a product in a protective container.

Sizing and Forecast

The cosmetics and personal care packaging equipment market size has grown rapidly in recent years. It will grow from $4.73 billion in 2023 to $5.22 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to rising consumer demand for personal care products, innovation in packaging designs and formats, brand differentiation and aesthetics, globalization of cosmetic brands, changing consumer lifestyles and preferences..

The cosmetics and personal care packaging equipment market size is expected to see strong growth in the next few years. It will grow to $7.61 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to sustainable packaging practices, customization and personalization trends, e-commerce growth and packaging considerations, focus on packaging efficiency and speed, clean beauty movement and ingredient transparency.. Major trends in the forecast period include automation and industry 4.0, innovations in design and materials, e-commerce impact, stringent regulatory requirements, global market expansion..

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/cosmetics-and-personal-care-packaging-equipment-global-market-report

Segmentation & Regional Insights

The cosmetics and personal care packaging equipment market covered in this report is segmented –

1) By Product: Filling, Labeling, Cleaning, Form-Fill-Seal, Cartoning, Wrapping, Palletizing
2) By Material: Plastic, Glass, Metal, Others
3) By Application: Skin Care, Hair Care, Decorative Cosmetics, Bath And Shower, Perfumes, Others

Europe was the largest region in the cosmetics and personnel care packing equipment market in 2023. The regions covered in the cosmetics and personal care packaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9778&type=smp

Major Driver Impacting Market Growth

Rising growth of the e-commerce industry across the globe is expected to propel the growth of the cosmetics and personnel care packing equipment market going forward. Electronic commerce, or e-commerce, is the exchange of products and services, the transferring of money or data through an electronic network, typically the Internet. The rise of e-commerce may have an impact on the packaging materials used for both single products and groups of products, and e-commerce shipping may change the product packaging from boxes to cases, so the rising growth of the e-commerce industry across the globe will propel the growth of the market. For instance, in October 2021, according to the International Trade Administration, a US-based, trade data and analysis agency in the United States Department of Commerce, global retail e-commerce sales reached $5,424 billion in 2022, from $4,831 billion in 2021, however, the e-commerce revenue is forecasted to grow with 8% by 2025. Therefore, the rising growth of the e-commerce industry across the globe is driving the growth of the cosmetics and personnel care packing equipment market.

Key Industry Players

Major companies operating in the cosmetics and personal care packaging equipment market are focused on introducing advanced and sustainable solutions, such as refillable jar packaging, to gain a competitive edge in the market. Refillable jar packaging is a sustainable container designed to be replenished with product multiple times, reducing single-use waste. For instance, in May 2023, Albéa Group, a France-based personal care and beauty packaging company, launched Twirl, a new sustainable and refillable jar. The packaging has a 50-ml capacity and a ‘soft and intuitive’ motion that makes it simple for customers to remove products from the inner jar and swiftly refill it. Additionally, this Twirl jar incorporates a locking mechanism designed to preserve the inner cup’s stability in both vertical and horizontal directions. Polyethylene terephthalate and polypropylene are two recyclable materials used to make the packaging solution.

The cosmetics and personal care packaging equipment market report table of contents includes:

1. Executive Summary

2. Cosmetics And Personal Care Packaging Market Characteristics

3. Cosmetics And Personal Care Packaging Market Trends And Strategies

4. Cosmetics And Personal Care Packaging Market – Macro Economic Scenario

5. Global Cosmetics And Personal Care Packaging Market Size and Growth
…

31. Global Cosmetics And Personal Care Packaging Market Competitive Benchmarking

32. Global Cosmetics And Personal Care Packaging Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Cosmetics And Personal Care Packaging Market

34. Cosmetics And Personal Care Packaging Market Future Outlook and Potential Analysis

35. Appendix

Explore the trending research reports from TBRC:

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model