The global cosmetic packaging market is estimated to be valued at USD 58.91 Bn in 2024 and is expected to reach USD 80.17 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 58.91 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
4.50% |
2031 Value Projection: |
US$ 80.17 Bn |
Figure 1.Cosmetic Packaging Market Share (%), By Region, 2024
The global cosmetic packaging market has been witnessing significant growth over the past few years. The rising disposable incomes of consumers and changing lifestyles have increased the demand for personal care and beauty products worldwide. Additionally, rapid urbanization, growing working women population, and increased social media influence are some of the key factors propelling the sales of cosmetic products. This has augmented the need for innovative and premium packaging solutions to attract consumers. Cosmetic packaging helps brands protect their products and create superior branding opportunities. Vendors offer packaging materials such as plastics, metal, glass, and paper for various cosmetic categories including skincare, haircare, makeup, and fragrances.
Market Dynamics:
The rising consumption of cosmetic products among millennials is a major growth driver for the global cosmetic packaging market. Changing attitudes towards personal appearance and increasing preference for multi-functional cosmetic formulations are expanding the scope of innovations in packaging design and material. The availability of sustainable and eco-friendly packaging materials such as plant-based plastics is opening new opportunities. However, fluctuation in raw material prices remains a key challenge for manufacturers. Stringent government regulations regarding the use of plastics are also restraining the market growth. Ongoing technological advancements including virtual shopping and augmented reality are bringing new prospects.
Key Features of the Study:
- This report provides an in-depth analysis of the global cosmetic packaging market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) over the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global cosmetic packaging market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include ALPLA Werke Alwin Lehner, Amcor Plc, Huhtamaki, AptarGroup, Inc., Albea Group, Berry Global Group Inc., BIG SKY PACKAGING, Gerresheimer, LIBO COSMETICS CO. LTD., SILGAN HOLDINGS INC., HCP Packaging, Quadpack, Alovey Cosmetic Packaging Co. Ltd., FusionPKG, EPL Limited, Zenvista Packaging , Clarion Cosmetics, ACP Packaging, Syscom Packaging Company, and APG packaging.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global cosmetic packaging market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cosmetic packaging market.
Detailed Segmentation-
- By Material Type:
- Glass
- Paper
- Plastic
- Metal
- Others
- By Product Type:
- Jars
- Tubes
- Bottles
- Pumps & Dispensers
- Sachets
- Others
- By Application:
- Skin Care
- Hair Care
- Makeup
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- ALPLA Werke Alwin Lehner
- Amcor Plc
- Huhtamaki
- AptarGroup, Inc.
- Albea Group
- Berry Global Group Inc.
- BIG SKY PACKAGING
- Gerresheimer
- LIBO COSMETICS CO. LTD.
- SILGAN HOLDINGS INC.
- HCP Packaging
- Quadpack
- Alovey Cosmetic Packaging Co. Ltd.
- FusionPKG
- EPL Limited
- Zenvista Packaging
- Clarion Cosmetics
- ACP Packaging
- Syscom Packaging Company
- APG packaging