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Global Cosmetic Packaging Market to Grow at a CAGR of 4.2% During 2022-2027, Aided by the Robust Growth of the Packaging Industry

According to a new report by EMR titled, ‘Global Cosmetic Packaging Market Report and Forecast 2022-2027’, the global market for cosmetic packaging attained a value of about USD 32.97 billion in 2021. The industry is further expected to grow at a CAGR of 4.2% in the forecast period of 2022-2027 to reach a value of approximately USD 42.21 billion by 2027.

North America holds a significant share of the cosmetic packaging industry owing to the robust growth of the cosmetics industry in the region. The increasing manufacturing of cosmetic products in countries like the United States and Canada is augmenting the market for cosmetic packaging. As the focus on sustainability is surging in the region, the demand for eco-friendly packaging of cosmetics is increasing, which is propelling the growth of the market. In addition, the matured e-commerce industry in the region is increasing the demand for cosmetics, hence driving the market for cosmetic packaging.  The increasing use of new technologies for innovative packaging of cosmetics is expected to provide further impetus to the market growth.

Berry Global Inc. (NYSE: BERY), one of the leading companies in the market, launched a new range of premium jars, Infinity Quartz, for beauty and cosmetic products in June 2020. The product range is made up of diverse materials, such as post-consumer recycled plastic, to boost the sustainability of packaging. The jar is available in two sizes, 50 ml and 75 ml. They feature the company’s Natura Pack removable inner section to enable consumers to replace the empty inner. The materials used in jars are provided with food contact certification, which makes them ideal for natural and sensitive ingredients. Moreover, the products are available in two special versions, which are made from PCR PET and PP to deliver an enhanced consumer experience. The development of such innovative products is surging the demand for cosmetic packaging, which is driving the growth of the market.

Market Analysis by Type, Material, Application, and Region:

  • The market, on the basis of type, can be divided into bottles, tubes, jars, containers, blister and strip packs, aerosol cans, folding cartons, and flexible plastics, among others.
  • Based on material, the industry can be divided into glass, metal, paper-based, rigid plastic, and flexible packaging.
  • The applications of cosmetic packaging include skin care, hair care, colour cosmetic, sun care, oral care, and fragrances and perfumes, among others.
  • The regional markets for cosmetic packaging include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing demand for sustainable cosmetics is surging the use of biodegradable and eco-friendly materials, which is propelling the market for cosmetic packaging.
  • The rising demand for aesthetic cosmetic packaging with interactive labelling is driving the growth of the cosmetic packaging industry.
  • The increasing demand for cost-effective and durable packaging is surging the demand for cosmetic packaging, which is propelling the market growth.
  • The market is being aided by the thriving e-commerce industry, which is increasing the demand for smart and effective packaging in cosmetics.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for cosmetic packaging for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, materials, applications, and regions of cosmetic packaging.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global cosmetic packaging market are Amcor Plc, Berry Global Inc., DS Smith Plc, Huhtamaki Oyj, Silgan Holdings Inc., and Albéa group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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