Cosmetic Packaging Market size is poised to reach USD 60 Billion by the end of 2033, growing at a CAGR of 6% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of cosmetic packaging was over USD 49 Billion. Increasing usage of cosmetics products across the globe is estimated to boost market growth during the forecast period. As per the survey in 2019, 40% of women wear cosmetics daily.
Also, changing beauty preferences of consumers are expected to fuel the growth of the cosmetic containers market in the coming years. As per the data, 1 in 5 women changed their daily skincare routine preference in 2022.
Growth Drivers
Challenges
Base Year |
2022 |
Forecast Year |
2023-2033 |
CAGR |
6% |
Base Year Market Size (2022) |
USD 49 Billion |
Forecast Year Market Size (2033) |
USD 60 Billion |
Application (Hair, Skin, Nail Care)
The global cosmetic packaging market is segmented and analyzed for demand and supply by application into hair, nail, and skin care. Out of which, the skin care segment is anticipated to hold the largest market size by the end of 2033 on the back of the increasing use of anti-aging creams worldwide. As per the observation, 60% of Americans used anti-aging creams in 2020.
Our in-depth analysis of the global market includes the following segments:
By Material |
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By Product |
|
By Application |
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Regionally, the global cosmetic packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific region is projected to hold the largest market share by the end of 2033. Introduction of various types of products and increasing adoption of consumers owing to benefits of beauty products such as anti-tanning, and wrinkle-free solutions is anticipated to boost the market growth. The imported value of beauty preparations in 2021 was USD 60,930,716.
Berry Global Inc. partnered with Koa to introduce 100% recycled plastic bottles for body cleanser and body moisturizer. This is the vision shared by both companies to create a positive environmental impact through streamlined operations.
Sonoco Products Company declared that its Enviroflex PE packages achieved the label of How2Recycle Store Drop-off.
Author Credits: Sadaf Naaz, Mohd Shadab
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