The global cosmetic packaging market was valued $25.5 billion in 2018 and is projected to grow at CAGR of 4.5% during the forecast period 2019-2025.
— Global Cosmetic Packaging Market: Demand Analysis and Growth Forecast
Modern lifestyles coupled with new hygiene routines are making consumers rely on the packaging innovations which cope up with their emerging needs, and in return, increasing the global packaging volumes. Sustainable and eco-friendly products are preferred to pack cosmetic products such as foundations, lotions, eye shadow, toners, creams, hair care, sprays, gels, mascara, eyeliner, serums, blush, eye pencils, lipstick, lip liners, and lip gloss. They are packed in different beauty packaging forms which include tubes, containers, bottles, pen types, sticks, and roller balls. Glass cosmetic packaging dominates among plastics, metal, and paper packaging as glass does not react with product smell and color. Cosmetic containers, cosmetic bottles, plastic cosmetic jars, and airless pumps are majorly used to pack the color cosmetics. PET plastic containers, heavy wall pet bottles and jars are the best choices for e-commerce and for companies who are concerned about environmentally friendly packaging for their cosmetic products.
A newly compiled a market research report from IndustyARC, titled “Cosmetic Packaging Market: By Type (Bottles, Tubes, Jars & Containers, Sticks, Pumps & Dispensers, Pen Types, Roller Balls, Caps & Closures), By Material (Plastic, Glass, Metal, Paper, Others), By Application (Hair Care, Skin Care, Nail Care, Make-up and Others), By Geography – Forecast (2019-2025).” reveals that the global cosmetic packaging market was valued $25.5 billion in 2018 and is projected to grow at CAGR of 4.5% during the above mentioned period. This report covers Cosmetic Packaging Market Size by type and material, Cosmetic Packaging Market share by top 5 companies and also the market share by start-ups during the forecast period. The South Korea cosmetics market size was found around $9.66 billion in 2017, which represents 3% of the global cosmetics market. The U.S. is the largest exporter to South Korea followed by France and Japan respectively.
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Global Cosmetic Packaging Market: Leading Segments
An innovative type of packaging such as lotion pumps and aerosol sprays offer convenience and also save time over screw closures. Hair extension packaging is attracting the fashion enthusiast, makeup artists to do a flawless hair makeover. Thus, it is exploding the demand for custom hair extension boxes and resulted in North America to hold a dominating regional share of about 35% in the global cosmetic packaging market for the year 2018. In the U.S., there are fewer restrictions and lighter cosmetic regulations. Hair care application is recognized more among other applications in the global cosmetic packaging market and set to grow at a CAGR of 5.5% over the forecast period 2019-2025. It is due to the escalating demand for anti-dandruff and anti-hair loss products of hair care division. A worldwide increasing aging population is stroking the demand for hair colors. In addition to this, growing concern to protect hair against air pollution and soaring hair related problems are propelling the demand for hair care application in the global cosmetic packaging market.
Global Cosmetic Packaging Market Trends
Cosmetic product sales are increasing owing to the increasing use of portable, and functional packaging solutions which are prepared using eco-friendly packaging material.
Cosmetics with packages or labels are highly preferred by modern consumers as it indicates that cosmetic product manufacturer complies with environmental ethics.
Hair care and hair coloring products are creating significant online growth opportunities in the beauty and personal care industry.
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Global Cosmetic Packaging Market: Competitive Landscape
Albea Group, HCP Packaging, RPC Group, Gerresheimer Holdings, Silgan Holdings, ABC Packaging, Aptar Group, Bemis, Arexim Packaging, and DS Smith are some of the key companies identified in the report that are currently holding majority shares in the global cosmetic packaging market.
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