Pune, India, Aug. 25, 2022 (GLOBE NEWSWIRE) — The world cosmetic packaging market the size was $29.81 billion in 2020. The market is expected to grow from $30.98 billion in 2021 for $40.96 billion in 2028 at a CAGR of 4.1% during the period 2021-2028. This information is indicated by Fortune Business Insight™ in its report entitled, “Cosmetic Packaging Market, 2021-2028.”
According to our research experts, cosmetic packaging plays a vital role in promoting and advertising several cosmetic products by attracting consumers’ attention. Lots of graphics and packaging designs are essential to make cosmetics packaging appealing.
List of Key Players Covered in the Report
- Amcor (Switzerland)
- Sealed Air Corporation (USA)
- ALPLA Group (Austria)
- Aptar, Inc. (USA)
- HCP packaging (China)
- Berry Global (USA)
- Packaging Berlin (USA)
- Bemis Company (USA)
- Albéa SA (India)
- BIG SKY PACKING (USA)
- DS Smith (UK)
Get a sample PDF brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cosmetic-packaging-market-102130
Declining Demand for Cosmetics Amid COVID-19 to Impact Market Development
The COVID-19 pandemic has caused various disruptions, including widespread economic instability. Consequently, consumer spending on non-essential items, including cosmetics, saw a decline in 2020. Additionally, with the majority of consumers staying at home due to lockdowns, the use of cosmetics has dropped significantly. As a result, changing consumer preferences and changing shopping behaviors have impacted the global demand for cosmetics, affecting the demand for cosmetic packaging.
Report scope and segmentation
| Report attribute | Details |
| Market size value in 2021 | $30.98 billion |
| Revenue forecast in 2028 | $40.96 billion |
| Rate of growth | CAGR of nearly 4.1% 2021-2028 |
| base year | 2020 |
| Historical years | 2017 – 2019 |
| Forecast years | 2021- 2028 |
| Segments Covered | By end use, by application |
| Forecast units | Value (USD billion) and volume (units) |
| Quantitative units | Revenue in USD Million/Billion and CAGR from 2021 to 2028 |
| Regions covered | North America, Europe, Asia-Pacific, South America, Middle East and Africa, and Rest of the World |
| Countries covered | United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others |
| Number of companies covered | Amcor (Switzerland) Sealed Air Corporation (USA) ALPLA Group (Austria) Aptar, Inc. (USA) HCP Packaging (China) Berry Global (USA) Berlin Packaging (USA) Bemis Company (USA) USA) Albea SA (India) BIG SKY PACKAGING (USA) DS Smith (UK) |
| Report cover | Market Growth Drivers, Restraints, Opportunities, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis, Regulatory Landscape, Market Attractiveness Analysis by Segments & Region, Market Share Analysis business and analysis of the impact of COVID-19. |
Report cover
We provide our reports which are conducted with a comprehensive review approach that mainly focuses on providing accurate material. Our researchers have applied a data triangulation method which further helps us to come up with reliable estimates and accurately test the overall market dynamics. Additionally, our analysts have been admitted to numerous international and regional funded registries to provide up-to-date material so that stakeholders and professionals only invest in critical areas.
Global Cosmetic Packaging Scope:
The report offers a detailed overview of new product launches, new technological developments, innovative services, and ongoing R&D. The report deals with qualitative and quantitative analysis of the market including PEST analysis, SWOT analysis and Porter’s five forces analysis. The Cosmetic Packaging Market report focuses on six major regions, namely North America, Latin America, Europe, Asia-Pacific, Middle East & Africa. The report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Find out before you buy this research report:
https://www.fortunebusinessinsights.com/enquiry/queries/cosmetic-packaging-market-102130
Segmentation:
By Material, the market is split into:
- Glass
- Cardboard
- Plastic
- Metal
- Others
Based on Application, the market is split into:
- Skin care
- Hair care
- To put on makeup
- Manicure
On the basis of geography, the global market is divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Drivers and Constraints
Growing use of cosmetics to drive market growth
The cosmetics market is growing rapidly in emerging countries and hence the demand is also increasing. Growing flexible income and increasing consumer awareness of beauty and cosmetic products are the main aspects of the demand for cosmetic products.
Customers have also become more open to the use of cosmetics as eco-friendly, organic and cleaner products are making their way into the market. Moreover, brands also logically classify their products to attract more and more users. This is expected to support the cosmetic packaging market growth over the forecast period.
Regional outlook
Asia-Pacific held the maximum cosmetic packaging market share and was worth $10.39 billion in 2020, with China accounting for more than three-fifths of the market. Moreover, China is the second largest cosmetics market after the United States.
North America ranks second in the market and is mostly dominated by the United States. The United States is the largest manufacturer of cosmetics and cosmetic packaging. It exports huge quantities of cosmetic products to most regions of the globe.
Likewise, European consumers are also looking for maintainable packaging solutions. Users in the region are switching to post-consumer recycled (PCR) packaging, and thus cosmetics producers are at the forefront of adopting PCR plastic packaging in their products everywhere.
Browse Detailed Abstract of Research Report with TOC:
https://www.fortunebusinessinsights.com/cosmetic-packaging-market-102130
Competitive landscape
Inventive product launch statements by crucial players to boost market growth
The essential players present in the market adopt many tactics to strengthen their position in the market as dominant companies. One such prominent strategy is to recruit companies to build brand value among users. Another fundamental approach is to intermittently launch innovative products with a thorough study of the market and its target audience.
Detailed Table of Contents:
- Introduction
- Search scope
- Market segmentation
- Research Methodology
- Definitions and assumptions
- Summary
- Market dynamics
- Market factors
- Market constraints
- Market opportunities
- Emerging trends
- key ideas
- Main emerging trends – for main countries
- Industry SWOT Analysis
- Regulatory analysis
- Recent Industry Developments – Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
- Qualitative insights – Impact of COVID-19 on the global cosmetic packaging market
- Supply chain challenges
- Measures taken by government/companies to overcome this impact
- Potential opportunities due to the COVID-19 outbreak
- Global Cosmetic Packaging Market Analysis, Outlook and Forecast, 2017-2028
- Main results/summary
- Market size estimates and forecasts
- By material (value)
- Glass
- Cardboard
- Plastic
- Metal
- Others
- By application (value)
- Skin care
- Hair care
- To put on makeup
- Manicure
- By region (value)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- By material (value)
Explore the detailed table of contents…
industry development
June 2020: Berry Bramlage, which is a division of Berry Global CPI, introduced a new series of top-class cosmetic packaging jars. The newly launched product is unveiled under the brand identity “Infinity Quartz” with multiple resources including reprocessed plastic.
Talk to our expert:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/cosmetic-packaging-market-102130
Browse trending reports by Fortune Business Insights:
cosmetics market Size reaches $415.29 billion by 2028 | The cosmetics industry reaches a CAGR of 5%
beverage packaging market Projected value of $177.04 billion by 2026 | Global Beverage Packaging Industry Share, Size, Trends, Outlook and Forecast Report by Fortune Business Insights™
About Us:
Fortune Business Insight™ provides accurate data and innovative business analysis, helping organizations of all sizes make the right decisions. We tailor innovative solutions to our clients, helping them address a variety of challenges unique to their businesses. Our goal is to provide them with global market intelligence, providing them with a granular overview of the market in which they operate.
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Street, Baner, Pune-411045,
Maharashtra, India.
Call:
USA: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
E-mail: sales@fortunebusinessinsights.com
LinkedIn Facebook Twitter
