Cosmetic Packaging Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 28.73 Billion |
| Market Size (2029) | USD 36.81 Billion |
| CAGR (2024 - 2029) | 5.08 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cosmetic Packaging Market Analysis
The Cosmetic Packaging Market size is estimated at USD 28.73 billion in 2024, and is expected to reach USD 36.81 billion by 2029, growing at a CAGR of 5.08% during the forecast period (2024-2029).
- The cosmetic packaging market has witnessed significant growth. Cosmetic packaging predominantly utilizes materials like glass, paper, and plastic. These materials are crafted into various products, ranging from containers and bottles to various shapes, sizes, and dispensing mechanisms. Plastic, a versatile material, serves as both primary and secondary packaging in various forms, from flexible pouches and caps to closures and nozzles. The use of plastic tubes is significant in cosmetics as they can store a range of materials, dispense products precisely, and offer superior contamination protection over their counterparts.
- The cosmetics industry has distinct packaging needs. With a collective push to combat plastic pollution, the industry is turning to innovative packaging and enhanced formulations. Glass boasts non-porous and impermeable qualities. Its chemically inert nature ensures products remain untainted. Beyond functionality, glass elevates the product's aesthetic, offering consumers a transparent view of the contents, including color, a key factor in their purchase decision.
- Market vendors are focused on innovating new products as part of their business expansion. For instance, in October 2023, SGD Pharma showcased its advanced glass packaging at the Luxe Pack Monaco event. The highlights were the fragrance mini samplers and the Eclipse refillable glass jar. SGD Pharma's portfolio features the Constellations line, offering diverse shapes tailored for skincare and nutraceutical uses.
- The post-COVID-19 economic resurgence led to a notable growth in consumer spending on grooming and beauty products. This surge, particularly toward premium offerings, fueled the demand for glass bottles and containers for packaging. Emerging economies, such as India and other Southeast Asian nations, are set to bolster this trend, generating robust demand for cosmetics, especially those elegantly presented in glass packaging.
- However, establishing a manufacturing unit for cosmetic packaging requires significant capital investment, primarily for large furnaces and machinery. Given the emphasis on aesthetic appeal, cosmetics necessitate packaging designs that not only attract but also stand out on shelves. Consequently, companies are increasingly turning to glass packaging solutions to captivate customers, albeit at a higher design cost. Global packaging vendors face external pressures due to heightened governmental regulations advocating for sustainability and eco-friendliness in manufacturing practices.
Cosmetic Packaging Market Trends
Skincare is Expected to Hold a Significant Market Share
- Millennials are propelling the demand for skincare products, spurred by a desire to combat aging, heightened skincare awareness, and the pervasive influence of social media. This heightened demand is directly bolstering the market for skincare packaging.
- The skincare industry is witnessing a surge in demand for specialized formulations, driven by a younger demographic's heightened focus on skincare. This demographic has been prioritizing products that feature organic and natural ingredients, underscoring their emphasis on sustainability and clean beauty. As a result, manufacturers in the skincare industry are ramping up their investments in research and development to align with these evolving preferences.
- Buyers, in addition to health concerns, are increasingly becoming environmentally conscious. When opting for organic items, they are favoring sustainable glass packaging. For example, in February 2023, Kinder Beauty debuted an organic skincare line featuring three serums. Given the products' nature, which includes chemical-sensitive oils, lotions, and creams, glass packaging is imperative to maintain their freshness and integrity. Glass, being inert, eliminates the need for additional treatments or liners. This surge in organic skincare's popularity is anticipated to drive up the demand for glass bottles, primarily due to safety considerations.
- Modern packaging, including airless pumps and dropper bottles, not only extends product shelf life but also boosts hygiene standards. Interactive features, such as QR codes, enable virtual product trials and tailor-made suggestions. Moreover, the skincare industry is increasingly prioritizing sustainability, offering choices like recyclable plastics and eco-friendly materials such as bamboo and other biodegradable substances.
- The emergence of many small-scale skincare brands, the expansion of the product portfolio of existing companies to address the increasing demand, and the growth of e-commerce platforms for omnichannel sales are expected to create growth opportunities for the market during the forecast period.
North America is Expected to Record Significant Share
- The United States contributes significantly to the cosmetic packaging market. Stakeholders are customizing packaging solutions to meet the market’s diverse needs. The growth in urban populations, rising disposable incomes, and a surge in female employment fuel this demand, prompting market players to scale up their production capacities.
- The market registered a significant expansion of global cosmetic brands, which showed the increased demand for cosmetic products in the country, supporting the cosmetic packaging market in the region. For instance, in May 2024, South Korean cosmetics company Skinidea developed a new skincare brand, MDP, specifically to target US beauty consumers as it reinforces global expansion.
- The regulatory requirements outlined by the Cosmetic Regulations in Canada, emphasizing the need for cosmetics to be manufactured and stored under sanitary conditions, play a crucial role in shaping the country’s cosmetic packaging. Adherence to sanitary conditions mandated by regulations ensures that the manufacturing and storage processes meet specific quality and safety standards.
- High sales figures in specific cosmetic segments also encourage innovation in packaging design. Companies invest in creating aesthetically pleasing and functional packaging designs that align with the latest trends and consumer preferences, increasing profit margins. Additionally, as consumers increasingly lean toward premium functional products, there is a parallel demand for packaging that complements the premium nature of these items. Various packaging materials, including glass bottles and containers, plastic tubes, and aerosol cans, with their premium and sophisticated appeal, align well with the image of natural cosmetics. Brands may opt for different packaging materials as per their requirement to convey a sense of luxury and quality, enhancing the overall perceived value of their products.
- Consumers' increasing awareness about environmental sustainability has led to a preference for sustainable packaging options. Glass is a recyclable and eco-friendly material that aligns with the increasing demand for sustainable practices. The higher expenditure on cosmetics and perfumery products may drive a shift toward environmentally friendly packaging solutions, benefiting the market for glass bottles. It would support the overall market in the region.
Cosmetic Packaging Industry Overview
The cosmetic packaging market is fragmented and comprises several global and regional players. Innovation and ease in deployment and usage, leading to end-to-end customer satisfaction through the product, are key factors driving product innovation and strategies among the market players. The key players in the market include Silgan Holdings Inc., Albea SA, HCP Packaging Co. Ltd, DS Smith PLC, and Berry Global Group Inc.
- July 2024: La Rosee, a French natural cosmetics company, selected Berry Global Group Inc. to co-develop an exclusive refillable stick for its popular best-selling deodorant. Berry’s Exclusive Refill enables consumers to continuously use the same deodorant stick with a specially designed refill that cannot be used independently. Additionally, the mono-material polypropylene (PP) construction of the refill solution offers a weight reduction of 62% compared to a whole stick.
- September 2023: French cosmetics brand L’Occitane partnered with cosmetic tube supplier Albéa Tubes from Albea SA to redesign the packaging of Albéa’s 30 ml hand cream collection. The new packaging solution features an all-plastic laminate and an Association of Plastic Recyclers-certified Greenleaf tube with a multilayer sleeve in high-density polyethylene (HDPE). It would replace the formerly used Aluminium Barrier Laminate tube for the collection and, in turn, reduce the product’s weight by 23%.
Cosmetic Packaging Market Leaders
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Albea S.A.
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DS Smith PLC
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Silgan Holdings Inc
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HCP Packaging Co. Ltd.
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Berry Global Group, Inc.
*Disclaimer: Major Players sorted in no particular order
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Cosmetic Packaging Market News
- March 2024: GEKA, Medmix's beauty brand, introduced a new material in sustainable cosmetics. Developed in close cooperation with GEKA's long-term partner WIS-Kunststoffe, the new material is made from at least 95% recycled PP plastic and is odorless. It was tested against several stringent international standards for cosmetic and food production industries.
- August 2023: Alder Packaging, a provider of sustainable beauty packaging solutions, established a collaborative partnership with the new WWP Beauty. This strategic alliance created a direct factory pipeline for sustainable innovation to Alder's expanding customer base, supporting the company's future business in the cosmetic packaging market.
Cosmetic Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Consumption of Cosmetic Products
4.2.2 Increasing Focus on Innovation and Attractive Packaging
4.3 Market Restraints
4.3.1 Growing Sustainability Concerns
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. IMPACT OF COVID-19 ON THE INDUSTRY
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 Plastic
6.1.2 Glass
6.1.3 Metal
6.1.4 Paper
6.2 By Product Type
6.2.1 Plastic Bottles and Containers
6.2.2 Glass Bottles and Containers
6.2.3 Metal Containers
6.2.4 Folding Cartons
6.2.5 Corrugated Boxes
6.2.6 Tubes and Sticks
6.2.7 Caps and Closures
6.2.8 Pump and Dispenser
6.2.9 Droppers
6.2.10 Ampoules
6.2.11 Flexible Plastic Packaging
6.3 By Cosmetic Type
6.3.1 Hair Care
6.3.2 Color Cosmetics
6.3.3 Skin Care
6.3.4 Men's Grooming
6.3.5 Deodorants
6.3.6 Other Cosmetic Types
6.4 By Geography***
6.4.1 North America
6.4.1.1 United States
6.4.1.2 Canada
6.4.2 Europe
6.4.2.1 United Kingdom
6.4.2.2 Germany
6.4.2.3 France
6.4.2.4 Italy
6.4.2.5 Spain
6.4.2.6 Rest of Europe
6.4.3 Asia-Pacific
6.4.3.1 China
6.4.3.2 India
6.4.3.3 Japan
6.4.3.4 South Korea
6.4.3.5 Austrlia and New Zealand
6.4.3.6 Rest of Asia-pacific
6.4.4 Latin America
6.4.4.1 Brazil
6.4.4.2 Mexico
6.4.4.3 Argentina
6.4.4.4 Rest of Latin America
6.4.5 Middle East and Africa
6.4.5.1 United Arab Emirates
6.4.5.2 Saudi Arabia
6.4.5.3 South Africa
6.4.5.4 Rest of MEA
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Albea SA
7.1.2 HCP Packaging Co. Ltd
7.1.3 Berry Global Group Inc.
7.1.4 Silgan Holdings Inc.
7.1.5 DS Smith PLC
7.1.6 Graham Packaging LP
7.1.7 Libo Cosmetics Company Ltd
7.1.8 AptarGroup Inc.
7.1.9 Amcor Group GmbH
7.1.10 Cosmopak Ltd
7.1.11 Quadpack Industries SA
7.1.12 Rieke Corporation
7.1.13 Gerresheimer AG
7.1.14 Raepak Ltd
7.1.15 Ball Corporation
7.1.16 Verescence France
7.1.17 SKS Bottle & Packaging Inc.
7.1.18 Altium Packaging (Loews Corporation)
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
Cosmetic Packaging Industry Segmentation
A cosmetic substance is used to clean, enhance, or change the appearance of the face, body, hair, fingernails, or teeth. Cosmetic products include make-up, perfumes, skin creams, nail polish, and grooming products such as soap, shampoo, shaving creams, and deodorants. The study tracks the different types of packaging needed for cosmetic products to keep them from spoiling, moisture, UV, and more.
The cosmetic packaging market is segmented by material (plastic, glass, metal, and paper), product type (plastic bottles and containers, glass bottles and containers, metal containers, folding cartons, corrugated boxes, tubes and sticks, caps, and closures, pump and dispenser, droppers, ampoules, and flexible plastic packaging), cosmetic type (hair care, color cosmetics, skincare, men grooming, and deodorants), and geography (North America [the United States and Canada], Europe [the United Kingdom, Germany, France, Italy, Spain, and Rest of Europe], Asia-Pacific [China, India, Japan, South Korea, and Australia & New Zealand, and Rest of Asia-Pacific], Latin America [Brazil, Mexico, Argentina, and Rest of Latin America], and Middle East and Africa [the United Arab Emirates, Saudi Arabia, South Africa, and Rest of MEA]). The market sizes and forecasts are provided in terms of revenue (USD) for all the above segments.
| By Material Type | |
| Plastic | |
| Glass | |
| Metal | |
| Paper |
| By Product Type | |
| Plastic Bottles and Containers | |
| Glass Bottles and Containers | |
| Metal Containers | |
| Folding Cartons | |
| Corrugated Boxes | |
| Tubes and Sticks | |
| Caps and Closures | |
| Pump and Dispenser | |
| Droppers | |
| Ampoules | |
| Flexible Plastic Packaging |
| By Cosmetic Type | |
| Hair Care | |
| Color Cosmetics | |
| Skin Care | |
| Men's Grooming | |
| Deodorants | |
| Other Cosmetic Types |
| By Geography*** | ||||||||
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Cosmetic Packaging Market Research FAQs
How big is the Cosmetic Packaging Market?
The Cosmetic Packaging Market size is expected to reach USD 28.73 billion in 2024 and grow at a CAGR of 5.08% to reach USD 36.81 billion by 2029.
What is the current Cosmetic Packaging Market size?
In 2024, the Cosmetic Packaging Market size is expected to reach USD 28.73 billion.
Who are the key players in Cosmetic Packaging Market?
Albea S.A., DS Smith PLC, Silgan Holdings Inc, HCP Packaging Co. Ltd. and Berry Global Group, Inc. are the major companies operating in the Cosmetic Packaging Market.
Which is the fastest growing region in Cosmetic Packaging Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cosmetic Packaging Market?
In 2024, the Asia Pacific accounts for the largest market share in Cosmetic Packaging Market.
What years does this Cosmetic Packaging Market cover, and what was the market size in 2023?
In 2023, the Cosmetic Packaging Market size was estimated at USD 27.27 billion. The report covers the Cosmetic Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cosmetic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What is the fastest-growing packaging material in Cosmetic Packaging Market?
Plastic is the fastest growing packaging material due to its affordability, versatility, and lightweight properties, despite sustainability concerns.
What is the fastest-growing packaging material in Cosmetic Packaging Market?
Plastic is the fastest growing packaging material due to its affordability, versatility, and lightweight properties, despite sustainability concerns.
Cosmetic Packaging Industry Report
The global cosmetic packaging market is experiencing significant growth, driven by the increasing demand for cosmetic products and the need for innovative, attractive, and eco-friendly packaging solutions. Traditionally, plastic has been the dominant material used in cosmetic packaging. However, there is a noticeable shift towards sustainable alternatives such as glass, metal, and paper-based options. This shift is influenced by consumer preferences and regulatory mandates aimed at promoting environmental stewardship.
The market is segmented by material, product type, cosmetic type, and geography. Plastic bottles and containers, along with glass bottles and containers, lead the market, particularly for fragrances and premium items. The skincare category is the top application sector, reflecting the global demand for personal care products. The Asia Pacific region is at the forefront of the market due to its large population, rising disposable incomes, and digital advancements that shape consumer habits. North America and Europe also play significant roles, with a focus on sustainable packaging and premium cosmetic offerings.
Despite challenges such as environmental concerns and volatile raw material costs, the market is evolving with cutting-edge packaging designs and materials. These innovations aim to meet consumer expectations and sustainability criteria. The industry trends indicate a strong growth rate, supported by comprehensive industry analysis and market forecast data. The market outlook remains positive, with market leaders continuously striving to enhance their offerings.
Industry reports and market research highlight the importance of understanding market size, market share, and market segmentation. By examining industry statistics and market data, companies can make informed decisions and predict market growth. The market review and market predictions provide valuable insights into the future of the cosmetic packaging industry.
For those interested in detailed industry information, industry reports, and industry research, obtaining a report example or a report PDF can be beneficial. These documents offer a thorough market overview, industry outlook, and market value assessment. They also provide insights into market trends, market forecast, and market growth, helping companies stay ahead in the competitive landscape.
In summary, the cosmetic packaging market is poised for continued growth, driven by innovation and sustainability. With a focus on market data, industry sales, and industry size, companies can navigate the evolving landscape and capitalize on emerging opportunities.
