DUBLIN, Ireland, Sept. 16, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “Comprehensive Insights into the Growth of the Global Cosmetic Packaging Market: Type, Material, and Application Trends from 2022 to 2028” in its research database.

“According to the latest research study, the global Cosmetic Packaging Market size was valued at approximately USD 30.2 billion in 2021. This market is projected to experience a growth trajectory with a CAGR of 3.90%, anticipated to surpass USD 37.9 billion by 2028.”

The report meticulously analyzes the key drivers and constraints affecting the Cosmetic Packaging market, outlining their influence on demand throughout the forecast period. Additionally, it delves into the global opportunities present within the Cosmetic Packaging sector, providing a thorough understanding of market dynamics.

Understanding the Key Features and Benefits of Cosmetic Packaging

Cosmetic packaging serves a dual purpose: it not only protects the products from damage during handling and transport but also enhances brand visibility and appeal. The design of cosmetic packaging is crucial for attracting consumers and communicating product quality. By integrating innovative designs, such as adjustable extensions and user-friendly features, companies can improve customer experience and engagement. The continuous emergence of diverse packaging types, alongside advancements in packaging technology, has significantly contributed to the growth and evolution of this market.

Moreover, factors such as increasing disposable income, heightened awareness of personal grooming, and evolving lifestyle standards have fueled demand in developing economies, creating vast opportunities for growth in the cosmetic packaging sector. The trend towards sustainable and aesthetically pleasing packaging designs, including sprays and sticks, is further driving the market forward.

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Our Free Sample Report Includes the Following Insights:

• Comprehensive overview and detailed industry analysis from the updated 2022 report.
• Impact analysis of the COVID-19 pandemic on the cosmetic packaging industry.
• Access to over 222+ pages of research, including the latest findings.
• Chapter-by-chapter guidance available upon request.
• Updated regional analysis with graphical representation of size, share, and trends for 2022.
• Tables and figures updated to reflect the latest data.
• Insights into top market players, their business strategies, sales volume, revenue analysis, SWOT analysis, historical and forecast growth, and Porter’s 5 Forces analysis.
• Insights on Facts and Factors’ rigorous research methodology.

Key Findings from Primary Research on the Cosmetic Packaging Market

• The Cosmetic Packaging market is projected to achieve a CAGR of approximately 3.90% from 2022 to 2028.
• The market size was valued at around USD 30.2 billion in 2021 and is expected to reach approximately USD 37.9 billion by 2028, driven by several key factors.
• In terms of application, the skin care segment is expected to dominate the market throughout the forecast period.
• Regarding materials, glass packaging holds a substantial market share due to its premium perception and high adoption rates in luxury packaging.
• Asia Pacific is identified as the largest regional market by value in the global cosmetic packaging landscape.

Key Competitive Players in the Cosmetic Packaging Market

The report encompasses both qualitative and quantitative research on the global Cosmetic Packaging Market, offering detailed insights and development strategies utilized by leading competitors. It provides an in-depth analysis of key market players, evaluating their competitive positioning. Furthermore, the study identifies and examines significant business strategies employed by these leaders, including mergers and acquisitions (M&A), collaborations, partnerships, and contracts. The examination also covers each company’s global footprint, competitive landscape, service offerings, and industry standards.

Notable players in the global Cosmetic Packaging market include:

• Amcor PLC (Australia)
• Berry Global Inc. (US)
• Sonoco (US)
• Huhtamaki Oyj (Finland)
• Albea SA (France)
• HCP Packaging (China)
• TriMas Corporation (US)
• AptarGroup, Inc. (US)
• Gerresheimer AG (Germany)
• DS Smith PLC (UK)
• World Wide Packaging LLC (US)
• Graham Packaging International (France)
• Libo Cosmetics Co., Ltd. (China)

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Exploring Market Dynamics and Trends in Cosmetic Packaging

The influx of new entrants into the cosmetic industry has spurred innovation in both product and packaging to secure a competitive edge. This trend is a crucial factor driving the growth of the cosmetic packaging market during the forecast period. Additionally, the rise of e-commerce and increased internet accessibility in both urban and rural areas have significantly influenced cosmetic demand in recent years. Companies have adapted their sales strategies to leverage online platforms, responding to the growing internet usage.

This shift has led to an increased demand for a wide range of cosmetic products, which in turn stimulates growth within the packaging industry. The introduction of innovative packaging solutions, particularly eco-friendly and sustainable options, has also contributed to the overall industry expansion. Continuous innovation in product lines remains vital for the sustained growth of the market.

Impact of COVID-19 on the Cosmetic Packaging Market: An In-Depth Analysis

The COVID-19 pandemic has had widespread repercussions on the global cosmetic packaging industry. As a result of the pandemic, consumers have placed greater emphasis on hygiene and personal care products than ever before. This shift has led to an increased investment in products made from organic and all-natural materials, packaged in biodegradable options. Manufacturing companies faced significant challenges, including raw material shortages and disruptions in the supply chain. Moreover, recruiting skilled personnel during lockdowns proved exceedingly difficult for industry leaders. Government initiatives encouraging the adoption of environmentally friendly packaging materials for cosmetics have aided the industry’s return to normalcy.

The comprehensive research report evaluates both the quantitative and qualitative factors shaping the cosmetic packaging market. It encompasses an analysis from both demand and supply perspectives. For the demand-side evaluation, regional market revenues are compared against the primary countries. The report investigates leading competitors in the industry, focusing on their regional and global presence.

Explore the complete “Comprehensive Insights into the Growth of the Global Cosmetic Packaging Market: Type, Material, and Application Trends from 2022 to 2028” report at https://www.fnfresearch.com/cosmetic-packaging-market

In-Depth Segmentation Analysis of the Cosmetic Packaging Market

The global Cosmetic Packaging market is categorized based on type, material, and application to provide clarity and direction in understanding market dynamics.

Based on type, the bottles category is projected to dominate the cosmetic packaging market. This dominance can be attributed to the durability and practicality of bottles. Plastic bottles, known for their lightweight nature and resistance to breakage, are widely used. Additionally, the demand for bottles designed for fragrances and perfumes is rapidly increasing, driven by the premium and attractive design of glass bottles.

In terms of application, the skin care segment is expected to be the largest contributor to the cosmetic packaging market. The exponential rise in demand for personal care and grooming products globally has solidified this segment’s market position. Factors such as shifting lifestyle preferences and evolving purchasing behaviors, particularly among the youth and male demographics, have heightened the demand for wellness and grooming products, benefiting the skin care category.

Regional Market Insights: Key Trends and Growth Factors

The Asia Pacific region is anticipated to command the largest market share in the cosmetic packaging landscape. The surge in demand for cosmetic packaging within this region is primarily driven by population growth, urbanization, and increasing disposable incomes. Furthermore, the relatively lenient regulations surrounding raw materials and ingredients used in packaging production, coupled with the availability of cost-effective labor, are attracting major industry players to expand their operations in the region. The escalating demand for cosmetic products in the emerging economies of Asia Pacific is expected to further bolster the market for cosmetic packaging.

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Recent Developments in the Cosmetic Packaging Industry

• In March 2022, Berry Global Group and Koa launched recycled body cleanser and moisturizer bottles, showcasing a commitment to sustainability and environmental responsibility.
• In May 2022, Carlyle and Baring Private Equity Asia announced their acquisition of 100% of HCP Packaging, a prominent player in the cosmetic packaging sector.

Essential Questions Addressed in This Report

• What is the projected market size and growth rate for the cosmetic packaging industry?
• What are the primary driving factors propelling the growth of the cosmetic packaging market?
• Who are the leading companies operating in the cosmetic packaging industry?
• What segments are covered within the cosmetic packaging market?

• How can I obtain a free copy of the cosmetic packaging market sample report and company profiles?

Detailed Report Scope and Key Attributes

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The global Cosmetic Packaging market is segmented as follows:

By Type

• Bottles
• Tubes
• Jars
• Containers
• Blister & Strip Packs
• Aerosol Cans
• Folding Cartons
• Flexible Plastics
• Others (including tins, liquid cartons, and flexible paper)

By Material

• Glass
• Metal
• Paper-based
• Rigid Plastic
• Flexible Packaging

By Application

• Skincare
• Hair Care
• Color Cosmetic
• Sun Care
• Oral Care
• Fragrances & Perfumes

By Region

• North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Southeast Asia
• The Middle East & Africa
  • GCC
  • South Africa