| The report “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″, 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.
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Some of the prominent key players are:
· Amcor PLC (Australia) · Berry Global Inc. (US) · Sonoco (US) · Huhtamaki Oyj (Finland) · Albea SA (France) · DS Smith PLC (UK)
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.
In terms of value and volume, bottles are estimated to lead the cosmetic packaging market in 2019.
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 in 2019. 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).
The Asia Pacific region is projected to account for the largest share in the cosmetic packaging market during the forecast period.
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. |
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