Global
Cosmetic Packaging Market: Snapshot
As per the
report released by the export government, the total US cosmetic market size was
estimated to be $9,668 million in 2017. [1] The
boost in the cosmetic production will create a demand for the packaging of the
product that will drive growth prospects in the cosmetic packaging market. The
cosmetic packaging market is witnessing progress with innovating packaging
types and designs such as tubes, jars & containers, and bottles. There is
an increased demand for the plastic packaging, and this could be understood
better with new findings by IndustryARC, that has estimated the global cosmetic
packaging market to be worth $25.5 billion as of 2018. Moreover, the analyst of
the report projects the demand in the global cosmetic packaging market to
increase at compound annual growth rate (CAGR) of 4.5% during the forecast
period of 2019 to 2025.
The report is titled “Cosmetics Packaging Market: By Type (Bottles, Tubes, Jars & Containers, Sticks, Pumps & Dispensers, Pen Types, Roller Balls, Caps & Closures), By Material (Plastic, Glass, Metal, Paper), By Application (Hair Care, Skin care, Nail Care, Make-up),& By Geography-Forecast (2019-2025).”
Furthermore, as
per the report by the trade government of the U.S., personal care and cosmetics
exports to China is estimated to be between $500 billion to $600 billion in 2015, and hence
the U.S. cosmetic industry is anticipated to be the largest global cosmetic
market during the forecast period.[2] As per
the IndustryARC analyst, North America was the major region with a demand share of 35% in 2018. However, the
increasing demand for cosmetic products and growing consumer awareness in the
emerging region is leading to developments in innovative packaging solutions
that is going to boost the cosmetic packaging market. Furthermore, the hair care segment is expected to expand at an above-average CAGR of 5.5% through to 2025. Rising beauty and health awareness in consumers
has led to an increase in hair care and skin care product sales that is adding
the significance growth in the market.
Global
Cosmetic Packaging Market Demand and Growth Drivers:
·
Rise
in Disposable Income
Cosmetic
packaging market is expected to be driven by aspects such as rise in disposable
income as well as increase in number of women employment. This is resulting in the
escalation of cosmetic consumption which is estimated to register a progression
in the cosmetic packaging market.
·
Organic
Product Demanding Advanced Packaging Technologies
Rising health
awareness among consumers for negative effects of chemical-based cosmetics are
influencing population to opt for organic products. These products require extra
protection to extend shelf life and to maintain the property of cosmetic
mixture. Advances in printing technology are helping producers to develop and
design high-graphic printed beauty packaging products. Additionally, the cost
of organic products are slightly high, and that in turn will increase the
incentive for manufactures in the cosmetic packaging market.
·
Advertisement
and Sales Driving the Market
Expanding
urbanization and increased the sales of cosmetic and body care product through
e-commerce and retail channels is influencing the growth of the market.
Global
Cosmetic Packaging Market Trends:
·
Packaging design and additional special
features are major contributors for the sales of the product. Consumers,
especially millennial look for glamorous, luxury, and attractive packaging such
as glass cosmetic packaging with attractive prints. The major features required
for cosmetic packaging are attractiveness and sustainability. They must be easy
to handle and transport. These features are poised to attract more consumers
towards the product.
·
Single use cosmetic packaging is one of
the latest trends in the cosmetic packaging market. The packaging is made up of
recyclable plastic cosmetic jars, wraps, and cosmetic containers. This
packaging is travel–friendly, it is gaining traction from consumers who travel
on everyday basis, and it is influencing the cosmetic packaging market.
·
New packaging design such as airless and
3D printed bottles are growing the market due to changing consumers demand on
everyday basis. This kind of packaging increases the cosmetic product shelf
life up to 15%. Hence, this demand for more such packaging cosmetic bottles are
boosting the cosmetic packaging market.
Global
Cosmetic Packaging Market
Competitors:
There are pool
of players in cosmetic packaging market such as Albea Group, HCP Packaging, RPC
Group, Gerresheimer Holdings, Silgan Holdings, ABC Packaging, Aptar Group,
Bemis, Arexim Packaging, and DS Smith.
Conclusion
Packaging design
and additional special features are major contributors for the sales of the product.
New packaging such as 3D printed and airless bottles along with high graphic
prints in bottles are boosting the cosmetic packaging market, with the demand increasing at a CAGR of 4.5% through to 2025. Rising health awareness in consumers has led to an
increase in hair care application segment in the cosmetic packaging market.
Talk to one of
our sales representative about the full report by providing your details in the
link below:
https://www.industryarc.com/support.php?id=15263
Related
Reports:
A. Tube Packaging Market
https://www.industryarc.com/Report/15144/tube-packaging-market.html
B. Global Smart Packaging Market
https://www.industryarc.com/Report/240/global-smart-packaging-market-report.html
C. Thermoform Packaging Market
https://www.industryarc.com/Research/Thermoform-Packaging-Market-Research-501476
What can you expect from the report?
The Cosmetic Packaging Market is prepared with
the main agenda to cover the following 20 points:
1. Market Size
by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends
& Relevant Market Data 12. Country level Analysis
3. Manufacturer
Landscape 13. Competitor Analysis
4. Distributor
Landscape 14. Market Shares Analysis
5. Pricing
Analysis 15. Value Chain Analysis
6. Top 10 End
user Analysis 16. Supply Chain Analysis
7. Product
Benchmarking 17. Strategic Analysis
8. Product Developments
18. Current & Future Market
Landscape Analysis
9. Mergers &
Acquisition Analysis 19. Opportunity Analysis
10. Patent
Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC provide customized reports and charge additionally
for limited customization?
Response:
Yes, we can customize the report by extracting data from our database of
reports and annual subscription databases. We can provide the following free
customization:
1. Increase the
level of data in application or end user industry.
2. Increase the
number of countries in geography chapter.
3. Find out
market shares for other smaller companies or companies which are of interest to
you.
4. Company profiles
can be requested based on your interest.
5. Patent
analysis, pricing, product analysis, product benchmarking, value and supply
chain analysis can be requested for a country or end use segment.
Any other custom
requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting
services.
To request for a
proposal, provide your details in the below link:
https://www.industryarc.com/subscription.php
Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1: [email protected]
Or Email 2: [email protected]
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a Research and
Consulting Firm that publishes more than 500 reports annually, in various
industries such as Agriculture, Automotive, Automation & Instrumentation,
Chemicals and Materials, Energy and Power, Electronics, Food and Beverages,
Information Technology, and Life sciences and Healthcare.