The global cosmetic packaging market comprises packaging
solutions used for a wide range of cosmetic products including skin care, hair
care, make-up, perfumes and fragrances. Cosmetic packaging provides product
safety, avoids spillage and shelf impact while promoting the brand appeal
through attractive designs. Manufacturers opt for eco-friendly materials and
sustainable options such as bio-plastics and reusable containers to reduce
plastic waste.
The Global
Cosmetic Packaging Market is estimated to be valued at US$ 36390.2 Mn in 2024
and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 to
2031.
Key Takeaways
Key players operating in the cosmetic packaging are Abbott Laboratories, Baxter
International Inc., Danone S.A., Nestlé S.A., GlaxoSmithKline plc., Sun
Pharmaceutical Industries Ltd., Fresenius Kabi AG, BASF, Zeon Lifesciences
Ltd., Mead Johnson & Company, LLC., B. Braun Melsungen AG., Nutrimed
Healthcare Pvt. Ltd, and Zenova Bio Nutrition.
Growing awareness about environmental protection and rise in
Cosmetic
Packaging Market Demand for
sustainable cosmetic solutions are fueling the need for eco-friendly packaging
materials. Major players are investing in research & development of
packaging made from renewable and biodegradable sources to appeal conscious
consumers. Rapid urbanization, increasing spending abilities and change in
lifestyle in emerging nations of Asia Pacific and Latin America are creating
huge opportunities for international brands to expand globally.
Market key trends
One of the major trends gaining traction in the cosmetic packaging market is
the use of sustainable and eco-friendly materials. Manufacturers are focusing
on eliminating plastic use and incorporating green packaging solutions made
from renewable resources like sugar cane, bamboo, agricultural waste and
food-grade paper. Options like recycled plastic, bioplastics and glass are
being widely adopted. Eco-friendly trends like zero-waste packaging designs
with reusable or refillable containers are attracting consumers and helping
companies strengthen their sustainability credentials. Sustainable packaging
plays a vital role in maintaining the environmental balance and responsible use
of natural resources.
Porter’s
Analysis
Threat of new entrants: New entrants face high costs to compete with
established brands and distribution networks.
Bargaining power of buyers: Buyers have moderate bargaining
power due to availability of substitutes.
Bargaining power of suppliers: Suppliers have low bargaining
power due to presence of substitutes and competition among existing suppliers.
Threat of new substitutes: Threat of substitutes is moderate
due to availability of packaging options from other industries.
Competitive rivalry: Intense competition among existing
players to gain market share.
Geographical Regions of Value
Concentration
The cosmetic packaging market in terms of value is highly concentrated in North
America and Europe. North America accounts for the largest share owing to increasing
demand for skin care and hair care products. Europe holds significant share on
account of rising consciousness about aesthetic appearance.
Fastest Growing Geographical Region
The Asia Pacific region is expected to witness the fastest growth in the
cosmetic packaging market during the forecast period. Rapid urbanization,
rising disposable incomes and growth in women workforce are fueling the demand
for cosmetic products in countries such as China, India and other Southeast
Asian nations, thereby driving the packaging requirements.
Get More
Insights on- Cosmetic
Packaging Market
About
Author:
Ravina
Pandya, Content
Writer, has a strong foothold in the market research industry. She specializes
in writing well-researched articles from different industries, including food
and beverages, information and technology, healthcare, chemical and materials,
etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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