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Cosmetic Packaging Market to Reach USD 40.96 Billion by

Pune, India, Aug. 25, 2022 (GLOBE NEWSWIRE) — The global cosmetic packaging market size was USD 29.81 billion in 2020. The market is projected to grow from USD 30.98 billion in 2021 to USD 40.96 billion in 2028 at a CAGR of 4.1% during the 2021-2028 period. This information is stated by Fortune Business Insights™ in its report titled “Cosmetic Packaging Market, 2021-2028.”

According to our research experts, cosmetics packaging plays an essential part in the promotion and advertising of several cosmetics products by enticing consumer attention. Numerous graphical and packaging designs are crucial to make the cosmetics packaging seem attractive.

List of Key Players Covered in the Report

  • Amcor (Switzerland)
  • Sealed Air Corporation (US)
  • ALPLA Group (Austria)
  • Aptar, Inc. (USA)
  • HCP Packaging (China)
  • Berry Global (US)
  • Berlin Packaging (US)
  • Bemis Company (US)
  • Albea SA (India)
  • BIG SKY PACKAGING (US)
  • DS Smith (UK)

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Drop in Cosmetics Demand amid COVID-19 to Impact Market Development

The COVID-19 pandemic led to various disruptions, including widespread economic instability. Consequently, consumer spending on non-essential items including cosmetics experienced a decline during 2020. In addition, with the majority of consumers staying at home due to lockdowns, the use of cosmetics dropped considerably. As a result, shifting preferences of consumers and changing purchasing behaviors impacted cosmetics demand globally, affecting the demand for cosmetics packaging.

Report Scope & Segmentation

Report Attribute Details
Market size value in 2021 USD 30.98 billion
Revenue forecast in 2028 USD 40.96 billion
Growth Rate CAGR of almost 4.1% 2021-2028
Base Year 2020
Historic 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, and Middle East & Africa, and Rest of 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 (US) ALPLA Group (Austria) Aptar, Inc. (US) HCP Packaging (China) Berry Global (US) Berlin Packaging (US) Bemis Company (US) Albea SA (India) BIG SKY PACKAGING (US) DS Smith (UK)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and regions, company market share analysis, and COVID-19 impact analysis.

Report Coverage

We provide our reports which are conducted with an all-inclusive examination approach that majorly emphasizes on delivering precise material. Our scholars have applied a data triangulation method which further assists us to offer trustworthy estimates and test the general market dynamics accurately. Furthermore, our analysts have received admission to numerous international as well as regional funded registers for providing the up-to-date material so that the stakeholders and business professionals invest only in essential zones.

Worldwide Cosmetic Packaging Scope:

The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative analysis of the market including PEST analysis, SWOT analysis, and Porter’s five force analysis. Cosmetic Packaging Market report focuses on major six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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Segmentation:

By material, the market is divided into:

  • Glass
  • Paper & Board
  • Plastic
  • Metal
  • Others

Based on application, the market is segregated into:

  • Skincare
  • Hair care
  • Makeup
  • Nail care

On the basis of geography, the global market is separated into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Drivers and Restraints

Rising Usage of Cosmetics Products to Thrust Market Growth

The cosmetics market is promptly growing its trail in emerging nations and as a consequence the demand is also rising. The growing flexible income and surging consumer alertness towards beauty and cosmetics products are the main aspects navigating the demand for cosmetic products.

Customers have also become more open towards the usage of cosmetics as eco-friendly, organic, and cleaner products are paving their path in the market. Additionally, brands are also logically classifying their products to appeal to more and more users. This is expected to bolster the cosmetic packaging market growth during the forecast period.

Regional Insights

Asia Pacific held the maximum cosmetic packaging market share and was worth USD 10.39 billion in 2020, with China responsible for more than three-fifths of the market. Moreover, China is the second-largest cosmetics market after the US

North America positions second in the market and is mainly led by the US. The US is the biggest maker of cosmetics and cosmetic packaging. It exports huge quantities of cosmetic products in most parts of the globe.

Likewise, consumers in Europe are also rooting for sustainable packaging solutions. The users in the region are switching to Post-Consumer Recycled (PCR) packaging, and thus cosmetics producers are in the front-line to embrace PCR plastic packaging in their products in all the places.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/cosmetic-packaging-market-102130

Competitive landscape

Inventive Product Launch Declarations by Crucial Players to Thrust Market Growth

The vital players present in the market embrace numerous tactics to impel their position in the market as dominating companies. One such prominent strategy is procuring companies to bolster the brand value among users. Another fundamental approach is intermittently launching innovative products with comprehensive study of the market and its target audience.

Detailed Table of Contents:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Emerging Trends
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Industry SWOT Analysis
    • Regulatory Analysis
    • Recent Industry Developments – Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
  • Qualitative Insights – Impact of COVID-19 on Global Cosmetic Packaging Market
    • Supply Chain Challenges
    • Steps taken by Government/Companies to overcome this impact
    • Potential opportunities due to COVID-19 outbreak
  • Global Cosmetic Packaging Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Size Estimates and Forecasts
      • By Material (Value)
        • Glass
        • Paper & Board
        • Plastic
        • Metal
        • Others
      • By Application (Value)
        • Skin Care
        • Hair Care
        • Makeup
        • Nail Care
      • By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • Latin America
        • Middle East & Africa

Explore Detailed Table of Content…

Industry Development

June 2020: Berry Bramlage, which is a Berry Global CPI division, presented a novel series of first-class cosmetic packaging jars. The newly launched product is unveiled under the brand identity ‘Infinity Quartz’ assortment with several resources including reprocessed plastic.

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