North America Cosmetic Packaging Market Size (2024 - 2029)

North America Cosmetic Packaging Market Analysis

The North America Cosmetic Packaging Market size is estimated at USD 6.59 billion in 2024, and is expected to reach USD 8.17 billion by 2029, growing at a CAGR of 3.9% during the forecast period (2024-2029).

Cosmetic packaging plays an essential role in various kinds of cosmetic products. Various cosmetic packaging designs make the packaging look engaging and attractive. The increasing need for cosmetics to help consumers improve their beautiful appearance is anticipated to enhance the market's growth and demand for reusable packaging.

• North America has experienced higher levels of market re-arrangement in favor of clean, nutrient-rich brands. This has led to the growth of brands like RMS Beauty or Bite Beauty, which uses food-grade ingredients for its lipsticks and multi-sticks. The trends supporting the development of the packaging industry in the region include ongoing wellness and sustainability trends that increase consumer interest in personal care products. This trend is projected to continue, increasing the need for new packaging on similar lines.
• In recent years, there has been an increase in consciousness regarding personal appearance among individuals, leading to an increased demand for cosmetic products and the growth of the cosmetic packaging market across the region.
• The cosmetics market is undergoing an increased need for premium products, resulting in a growing demand for innovative and premium packaging. A rising demand for high-end cosmetics products drives the need for creative and premium packaging. This trend toward premiumization is causing an increase in the use of upscale packaging made of glass and other specialty materials. However, raw material price fluctuations can hinder the market's growth.
• The cosmetic industry has varied packaging requirements. The cosmetics industry now seems united to reduce the usage of plastic packaging through innovative packaging strategies and refined formulations. Glass is one of the oldest packaging materials, which is nonporous and impermeable. It does not degrade, providing chemically inert properties. Glass adds to the premium appeal of the products and allows buyers to see the content and its color, thus giving them an idea of what they are getting. This is one of the main reasons for the high adoption rate of glass packaging among premium cosmetics brands across North America.
• There has been a significant growth in the popularity of natural and organic cosmetics due to the increased awareness of the risks of synthetic beauty products, which are laden with chemicals that can cause skin cancers, Alzheimer's, allergies, and congenital disabilities.
• As per news published by the global cosmetics industry in December 2023, makeup emerged as the strongest-performing category in the US cosmetics market. The report further stated that economic stress can make consumers purchase less overall, but it also encourages spending on feel-good products within their reach.

North America Cosmetic Packaging Industry Segmentation

The study on the North American cosmetic packaging market tracks the demand for cosmetic packaging products like plastic bottles and containers, glass bottles and containers, metal containers, folding cartons, corrugated boxes, tubes and sticks, pumps and dispensers, and many more. The pricing for the raw material, that is, paper, plastic, glass, and metal for the cosmetics packaging products, is taken into consideration along with the consumption, import, and export trends, as well as average prices to arrive at the market revenue.

The market is segmented by material type (plastic, glass, metal, and paper), product type (plastic bottles & containers, glass bottles & containers, metal containers, folding cartons, corrugated boxes, tubes & sticks, caps & closures, pump & dispenser, droppers, ampoules, and flexible plastic packaging), cosmetic type (hair care, color cosmetics, skin care, men's grooming, and deodorants), and country (United States and Canada). The report offers market sizes and forecasts in value (USD) for all the above segments.