Segments Covered

Cosmetics Packaging Market Snapshot

Top Market Trends:-

The cosmetics market is anticipated to boost the Cosmetics Packaging industry during the anticipated timeframe by rising demand for cosmetics due to changing grooming habits among both gender types.

• In 2021, the plastics segment held the largest market share at 67%.

• In 2021, the skin care application had the largest share of the market at 52%.

• With companies' presence in developing nations, the cosmetic packaging market can benefit from lucrative expansion potential. To satisfy client needs, industry participants are creating new and high-quality items.

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Based on Application:

The Skin Care category dominated the market in 2021

The Skin Care category held the largest share in the market growth. This commanding market position results from the enormous increase in demand for personal care and grooming products worldwide. The change in lifestyle and purchasing habits has increased interest in health, grooming, and personal care products (especially among young people and males), which has created a market opportunity for the skin care industry. Commercially made skincare products are used to moisturize, clean, and protect the skin on the hands, face, and body and reverse the signs of aging. Most consumers buy these things from women, but male consumers become more interested as lifestyles change. Manufacturers invest a lot of time and resources into developing anti-aging products. A growing number of manufacturers are attempting to break into this lucrative market using a variety of strategies, such as product innovation and mergers and acquisitions, because of the growing interest in anti-aging skin care products for younger skin and skincare products enriched with vitamins C, E, collagen, and other ingredients to delay aging. The biggest names in skincare are developing more inventive ways to cover the cost of developing products that delay aging and acne.

Based on Materials:

Plastics Category Dominated the Market in 2021

The Plastics category held the largest market share. The advantages of being lightweight and providing an economical packaging option for cosmetic items drive up demand in this market. The low cost and wide application of Plastics will enhance the category demand during the forecast period. Moreover, the increased preference for plastics to pack small units among key players is another factor driving the market growth. Due to their performance advantages and sustainability, extrusion-based plastic packaging items like wraps & films, pouches, and bags are frequently used in the nation's consumer and industrial applications. The high percentage of organized retail in the country has also considerably boosted the use of plastic packaging. Most beauty care items are packaged in plastic since they are the safest and generally cleanest. Due to its nuclear and compound makeup and nature, Plastic can fracture and break, but it does so much less frequently than glass does. However, manufacturers are switching to eco-friendly and green packaging because of rising social consciousness, which may slow category expansion. Businesses continue to favor plastic as a packaging material to cater to the middle-class demographic. This, in turn, can overcome the restraining factor due to many economic groups worldwide.

Based on Regional Analysis:

Asia Pacific had the Largest Share in 2021

The Asia Pacific accounted for the largest share in 2021 and is estimated to register the highest growth in the market during the forecast period. The development of demand for cosmetic packaging in the area can be ascribed to the region's expanding population, urbanization, and disposable income of the inhabitants. Small occupations are easily accessible, and there are also fewer restrictions on using raw materials or creating packaging goods, which encourages the central portions to increase their activity in the region. The development of demand for cosmetic packaging in the area can be ascribed to the region's expanding population, urbanization, and disposable income of the inhabitants. Small occupations are easily accessible, and there are also fewer restrictions on using raw materials or creating packaging goods, which encourages the central portions to increase their activity in the region.

Recent Developments:

• In April 2022, Using ExxonMobil's Extend technology for increased recycling, Amcor, a global pioneer in creating and producing environmentally responsible packaging solutions, announced that it will be the first to obtain certified circular polyethylene material.

• In March 2022, Berry Global Group collaborated with Koa to introduce 100 % recycled plastic body cleanser and body moisturizer bottles. Berry Global, as an industry leader in sustainability, is committed to making a positive environmental effect through streamlined processes, continuously engaged partners, and optimized goods.

• In May 2022, Carlyle announced that organizations connected to Baring Private Equity Asia would cooperate to purchase a 100% stake in HCP Packaging, a market leader in the design, development, and production of cosmetic packaging.

• In December 2020, AptarGroup opened a new sales office in Dubai. This sales office will be operated for all three segments of the company: beauty & home, food & beverage, and pharma. With this expansion, the company aims to target customers from several countries in the Middle East.

Additional Information

• Cosmetics Packaging Market 
• Speak To Analyst of Cosmetics Packaging Market 

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