Cosmetic Packaging Market Size to Record 4.15% CAGR Over 2023-2030; Growing Demand for Cosmetics with Longer Shelf Life to Spur Market Progress

The global cosmetic packaging market size touched USD 51.60 billion in 2022 and is predicted to reach USD 53.37 billion in 2023. The market is anticipated to touch USD 70.94 billion by 2030, recording a CAGR of 4.15% over 2023-2030.

Fortune Business Insights™ presents this information in its latest report titled “Cosmetic Packaging Market Size, Share & COVID-19 Impact Analysis, By Material (Plastic, Paper & Paperboard, Glass, Metal, and Others), By Product Type (Jars, Tubes, Bottles, Pumps & Dispensers, and Others), By Application (Skincare, Haircare, and Makeup), and Regional Forecast, 2023-2030”.

Cosmetic packaging solutions have gained immense traction due to the growing demand for makeup and skincare products across developed as well as developing countries. The growing disposable income of people has encouraged them to splurge on high-quality beauty products to enhance their facial aesthetics. This factor has boosted the demand for durable packaging products that can protect cosmetics from contamination, leakage, and expand their shelf life. It will also boost the cosmetic packaging market growth.

Disruptions in Manufacturing & Trade Activities During COVID-19 Outbreak Affected Market Growth

The COVID-19 outbreak had a negative impact on the market growth as the industry experienced many disruptions in its trade dynamics, logistics, and global supply & demand chains. Cosmetic manufacturing companies faced severe losses as people chose not to splurge on non-essential items such as cosmetics. Also, factors, such as lockdowns, social distancing regulations, reduced flexible expenditure, and rising unemployment rates drastically changed customers’ buying behavior. Value chain disruptions had a deep impact on the market growth as well. However, many cosmetic manufacturers adopted new strategies adapt to the shifting preferences of consumers to survive the sudden imposition of restrictions, and ease the burden of the pandemic. Some of these strategies included innovating their current product lines to help them stabilize their business.

Growing Demand for Cosmetics with Longer Shelf Life to Spur Market Progress

Many cosmetic products are highly sensitive to sunlight and temperature as these elements can change their quality and cause adverse reactions if not properly packaged. This factor has boosted the demand for smart and effective packaging products without compromising on the appeal and design of the products. The shelf life of cosmetic items also depends on the quality of packaging to a great extent. The chosen packaging material must be compatible with the cosmetic formulation and customers’ requirements. These aspects are predicted to boost the preference for high-quality packaging materials that are durable and boost the lifespan of cosmetic items.

To get a detailed report summary and research scope of this market, click here:

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

Competitive Landscape

Companies to Increase Production Capacity to Keep Up with Rising Cosmetics Demand

The demand for makeup and skincare products is consistently rising every year across the world. This has prompted key manufacturers operating in the market to expand their production volume. They are also increasing their research and development efforts to make cosmetic packaging products of superior quality that come with improved features. Some of the key market players include Proctor & Gamble, Unilever, Henkel AG & Co. KGaA, and Kao Corporation.

Notable Industry Development:

• May 2023: Lumene, a Finnish beauty brand, announced the launch of a bio-based packaging application with the help of which both jars and labels are made from renewably sourced materials.

List of Companies Profiled in the Report:

• ALPLA Werke Alwin Lehner (Austria)


• Amcor Plc (Switzerland)


• Huhtamaki (Finland)


• AptarGroup, Inc. (U.S.)


• Albéa Group (France)


• Berry Global Group Inc. (U.S.)


• BIG SKY PACKAGING (U.S.)


• Gerresheimer (Germany)


• LIBO COSMETICS CO. LTD. (China)


• SILGAN HOLDINGS INC. (U.S.)


• HCP Packaging (China)


• Quadpack (Barcelona)


• Alovey Cosmetic Packaging Co. Ltd. (China)


• FusionPKG (U.S.)


• EPL Limited (India)

Further Report Findings

• Asia Pacific accounted for the largest market share in 2022, with China occupying more than three-fifth of the regional market. The country has also emerged as the second biggest cosmetics market just behind the U.S. The region is also witnessing a strong growth in the average disposable income of its population, which boosted the sales of cosmetic products.


• The market in Europe is also predicted to showcase considerable growth in the coming years as the demand for sustainable packaging solutions is rising across the region. Many customers as well as cosmetic packaging manufacturers are switching to Post-Customer Recycled (PCR) packaging products, further enhancing the regional market growth.


• The glass segment has captured a dominant share of the global market during the forecast period as glass offers a premium look to the final product and is highly durable and recyclable, making it an eco-friendly packaging material.

Table of Segmentation