Cosmetic Packaging Market Size, Industry Status, Growth Opportunity for Leading Players: Amcor Limited, AptarGroup, Inc., Berry Global Group, Inc

The global cosmetic packaging market size was USD 53.45 Billion in 2022 and is expected to register a steady revenue CAGR of 4.03% during the forecast period, according to latest analysis by Emergen Research. Rapid expansion in the beauty and personal care sectors is a key factor driving market revenue growth. The need for creative and useful packaging solutions is increasing along with customer preferences and expectations for cosmetics, skincare, haircare, and other personal care

In addition, rising use of sustainable packaging in the cosmetic is another key factor driving revenue growth of the market. Eco-friendly, recyclable, and biodegradable packaging materials and designs are actively sought after by businesses. Moreover, need to lessen the negative environmental effects of packaging waste, enhance brand reputation, and meet consumers' rising demands for sustainability are also expected to drive market revenue growth during the forecast period.

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However, cosmetic packaging's considerations for branding and visual appeal is a key factor, which could restrain market revenue growth. Cosmetic firms frequently spend a lot of money developing aesthetically appealing and alluring packaging designs that complement their brand identity. The overall aesthetic effect and inventiveness of the packaging may be hampered by tight regulatory norms and safety regulations, which may place restrictions on the freedom of design and material selection.

Some Key Highlights from the Report
• The bottles segment is expected to account for largest revenue share in the global cosmetic packaging market over the forecast period. this is because bottles are a beneficial packaging option for cosmetic goods due to their adaptability and practicality. Bottles can be customized based on the needs of the product and preferences of consumer because these come in various shapes, sizes, and materials.

• In addition, bottles offer a practical packaging option that makes it simple to dispense medication, monitor dosage, and protect products. Consumer perception and purchasing decisions are greatly influenced by the aesthetic appeal of bottles. Cosmetic companies use cutting-edge bottle shapes, hues, and finishes to provide eye-catching packaging that draws customers and strengthens brand identification. The skin care segment is expected to register steadily fast revenue growth rate in the global cosmetic packaging market over the forecast period due to increasing focus on product safety and Active compounds found in skin care products frequently need protective packaging to preserve their efficacy and avoid contamination. Airless pumps, droppers, or tubes with sealed lids are just a few packaging options that preserve product integrity and lengthen shelf life.

• In addition, rising emphasis on usability and convenience is another factor driving revenue growth of this segment. Customers look for packaging that makes it simple to handle, apply, and dispense the product. Pump bottles, jars with spatulas, and squeeze tubes are examples of packaging formats that make it simple and hygienic to utilize products, improving the user experience overall.

• The North America market is expected to account for largest revenue share in the global cosmetic packaging market during the forecast period. This is due to rising demand for creative and high-quality packaging solutions in North America. Numerous well-known cosmetic companies and a wide variety of goods are produced in the area. Customers are looking for items that correspond with their sustainability ideals as they become more aware about environmental impact of packaging waste. Regional cosmetics companies respond to this demand by using recyclable materials and less plastic and implementing sustainable packaging techniques.

• Some major companies in the global market report include Amcor Limited, AptarGroup, Inc., Berry Global Group, Inc., Gerresheimer AG, HCP Packaging, RPC Group Plc, Albéa Group, Quadpack Industries, Silgan Holdings Inc., and DS Smith Plc.

• On 1 February, 2023, TriMas announced to acquire Aarts Packaging B.V., an established manufacturer of luxury packaging solutions for customers in the food and life sciences end sectors as well as well-known beauty and lifestyle brands. Aarts Packaging will now join the TriMas Packaging group of outstanding companies, which also includes Rieke, Affaba & FerrariTM, Rapak, TaplastTM, Intertech, and Omega Plastics.

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Emergen Research has segmented the global cosmetic packaging market on the basis of products, application, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Bottles
o Tubes
o Others

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Skin care
o Hair care
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

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