Cosmetic Packaging Market Size, Share & Trends Report

Cosmetic Packaging Market Size, Share & Trends Analysis Report By Material Type (Plastic, Paper), By Cosmetic Type (Skin Care, Make-up), By Region, And Segment Forecasts, 2019 - 2025

  • Published Date: Jun, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-2-68038-975-3
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 80

Industry Insights

The global cosmetic packaging market size was valued at USD 25.9 billion in 2018 and is expected to expand at a CAGR of 4.8% over the forecast period. Changing style of packaging, innovative package designs, and increasing demand for cosmetics due to growing youth population are anticipated to drive the market in the forecast period.

Furthermore, increasing demand for cosmetics due to shifting trends of grooming among both gender types is anticipated to drive the market in the forecast period. The manufacturers rely on extensive advertisement through different media for selling cosmetic items. Innovation in packaging is the key factor for attracting consumers, thus impacting the overall growth of the packaging industry in the coming years.

U.S. cosmetic packaging market

Moreover, emerging economies such as China and Japan are providing a huge opportunity for the growth of the cosmetic industry due to increasing disposable income and changing lifestyle. Thus, increasing demand for cosmetics directly impact the market for this industry, thereby propelling the global market growth in the forecast period. Increasing new entrants in the cosmetic industry has led to a rise in innovation in products and packaging in order to gain a competitive advantage. These are some of the prominent factors that are anticipated to fuel the cosmetics packaging market growth in the forecast period.

Growing e-commerce and internet penetration in rural as well as urban areas have also impacted the demand for cosmetics in the recent past. For instance, online sales of Glossier Inc. accounts for 97% of the total sales in U.S. Due to increasing internet usage, companies have also shifted to online platforms for their sales. This has led to an increase in demand for overall cosmetic products, thereby influencing the growth for the packaging industry.

Moreover, companies have started focusing on the economic middle-class consumer group. This has led the companies to introduce small packaging of the product, thereby influencing the demand for the packaging industry. Introduction of eco-friendly and sustainable packaging has made a great impact on the overall growth of the industry due to introduction of new methods of packaging. Innovation in the product lines of the companies also plays a vital role in the growth of the market. For instance, introduction of anti-ageing creams has led to an increase in the number of packaging materials in the recent past.

Cosmetic Type Insights

On the basis of cosmetic type, the market is segmented into hair care, skin care, make-up, and nail care. The skin care segment dominated the market in 2018, accounting for 47.9% share of the overall revenue. Increasing awareness about the natural products for skin, which have no adverse effect and are beneficial for skin, is anticipated to propel the market demand in the coming years.

Growing skin problems due to UV rays have led to innovation of new skin products thus, impacting the growth of the skin care segment. Introduction of new product lines such as anti-ageing creams, sun protection creams, and anti-wrinkle creams is influencing the market demand for the segment in the forecast period.

Make-up is anticipated to emerge as the fastest growing segment with a CAGR of 5.7% over the forecast period. Growing working female population over the past few years has influenced the market growth to a great extent and has been one of the prominent factors for the growth of the segment.

Material Type Insights

On the basis of material type, the cosmetics packaging market is segmented into plastic, paper, metal, and glass. The plastic segment accounted for the largest market share of 62.5% in 2018 and is expected to witness significant growth in the near future. Preference for plastic packaging is high among the manufacturers due its wide application and low-cost properties. In order to pack the product into small units, companies prefer plastic as a packaging material, thus fueling the segment growth.

Global cosmetic packaging market

However, manufacturers are shifting to eco-friendly packaging and/or green packaging due to increasing social awareness, which can restrain the segment growth in the near future. Although, companies are still preferring plastic as a packaging material in order to serve the middle-class economical group. This, in turn, can overcome the restraining factor due to a large number of economical group worldwide.

The paper segment accounted for a significant market share in 2018 and is expected to register a CAGR of 5.9% during the forecast period. Paper as a secondary packaging material has a wide application in the market. Increasing eco-friendly packaging is also a prominent factor for the segment growth.

Regional Insights

In 2018, Asia Pacific led the market with a share of 40.0% and is anticipated to register a significant CAGR in the near future. In Asia Pacific, Japan contributes to the majority of share and is expected to register a CAGR of 5.4% over the forecast period. Introduction of different varieties of the product and growing adoption by the consumers due to increasing awareness about different benefits such as anti-tanning solution have driven the market in the region.

MEA is expected to register a CAGR of 5.2% in the forecast period. Muslim dominated countries such as Saudi Arabia and UAE are expected to drive the demand for cosmetic products in the near future. Increasing demand for halal cosmetic products has driven the market in the region. Thus, increasing demand for the cosmetic industry leads to an increase in demand for the packaging industry.

Cosmetic Packaging Market Share Insights

Albea; HCP Packaging; RPC Group Plc; Silgan Holdings; Bemis Company Inc.; DS Smith; Graham Packaging Company; Libo Cosmetics; AptarGroup Inc.; and AREMIX Packaging are some of the major market players in the industry. The main aim of these manufacturers is to increase the visual impact of the product as a result of increase in sales of the items. The target market for these manufacturers are the mass market such as India, China, South Korea, and Japan. Innovation in the packaging techniques is one of the key factors in order to gain a competitive advantage in the market. Manufacturers have introduced eco-friendly packaging solutions and are using recycled plastics as well for the same.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Billion & CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, CSA, and MEA

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

Country scope

U.S., U.K., Germany, China, Japan, Brazil, and Saudi Arabia

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Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global cosmetic packaging market report on the basis of material type, cosmetic type, and region:

  • Material Type Outlook (Revenue, USD Billion, 2015 - 2025)

    • Plastic

    • Metal

    • Glass

    • Paper

    • Others

  • Cosmetic Type Outlook (Revenue, USD Billion, 2015 - 2025)

    • Hair Care

    • Skin Care

    • Nail Care

    • Make-up

  • Regional Outlook (Revenue, USD Billion, 2015 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • Japan

    • Middle East & Africa

      • Saudi Arabia

    • Central & South America

      • Brazil

Key questions answered by the report
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