Cosmetic Packaging Market Worth $246 Billion By 2025
The Global Cosmetic
Packaging Market was evaluated around USD 23.98 billion in 2016 and is
expected to reach approximately USD 36.44 billion by 2022 while registering
itself at a compound annual growth rate (CAGR) of 4.76% over the forecast
period. Cosmetic packaging is the primary and secondary packaging of the cosmetic
products. It is among the fastest growing industries and contains an extensive
variety of packaging and packaging materials around the world. Cosmetic
products are all about good appears and expressions which hold accurate for
packaging too. Cosmetic packaging has achieved importance as it is among the
factors that influence the buying decision of consumer for the cosmetic
product. Besides protecting the product from harm throughout handling or
transportation, it also acts as a crucial factor in product marketing.
Packaging is of most significance for cosmetic products in order to sustain
with varying trends and achieve a competitive advantage above other
manufacturers. Cosmetic packaging has become more natural and simple over a
period of time. The cosmetic packaging market covers an extensive products
range and is a vital marketing strategy tool. Efficient packaging bestows
immensely to a company’s profits margins and improves the brand image of the
product. It is a rising industry with several stakeholders involving cosmetic
and cosmetic packaging manufacturers, raw material suppliers etc.
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According to application type, the
global market is split into nail care, hair care, makeup and skin care.
Cosmetic packaging involves packaging of a variety of products including facial
cleansers, shampoos, lotions, moisturizers, hairsprays, conditioners, perfumes,
shaving foams, lipsticks, deodorants, skin care and makeup products. The major
driving factor for the global market remains the augmented awareness amongst
customers concerning their looks.
Asia Pacific regional market is
anticipated to demonstrate the fastest growth on account of elevated demand of
skin whitening cosmetic products. Additionally, the growing purchase power of
customers in developing regions like Latin America, the Middle East, Asia Pacific,
and especially in countries such as Japan, India, and China are expected to be
crucial to the global cosmetic packaging industry in the approaching years
owing to the growing awareness in these nations regarding the easy availability
and of effectiveness pollution protection and anti-aging products. Therefore,
the growing geriatric population in these developing economies is vital for the
global cosmetic packaging market growth.
Major
Market Players:
Ø Gerresheimer
AG
Ø AptarGroup,
Inc.
Ø RPC
Group Plc
Ø ABC
Packaging Ltd.
Ø Amcor
Limited
Ø Albea
Ø HCP
Packaging
Ø Quadpack
Group
Ø Fusion
Packaging
Ø Libo
Cosmetics Company, Ltd.
The global cosmetic
packaging market is segmented as follows :
By Container Type
- Tubes
- Bottles
- Caps & closures
- Pen types
- Sticks
- Jars & containers
- Pumps & dispensers
- Others
By Application
- Make-up
- Hair care
- Skin Care
- Nail Care
By Declared Capacity
- Type 1
- Type 2
- Type 3
- Type 4
- Type 5
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