Beauty and Personal Care Packaging Market Size, Share, and COVID-19 Impact Analysis, By Material (Plastics, Glass, Metal, and Others), By Product Type (Bottles, Cans, Tubes, Pouches, and Others), By Application (Cosmetics, Fragrances, Skincare, Haircare, and Others), and Regional Forecast, 2024-2032

Beauty and cosmetic packaging is the packaging solution to protect the product from contamination and damage. An increase in purchasing power of consumers with the availability of personal care & beauty products in conventional and online distribution platforms will drive the global market in the coming future. Key market players are adopting more innovative strategies to bring sustainability to match market trends. Companies aim to eliminate plastic with more eco-friendly alternatives for packaging purposes. The increasing sales and demand for cosmetics & personal care products and the increasing brand awareness activities of leading companies proliferate the market growth.

• For instance, on October 2022, L'Oréal declared the launch of the first paper-based cosmetic tube. The company launched the tube with Albéa, a cosmetic packaging company.

The massive demand for more sustainable and eco-friendly packaging has accelerated the global beauty and personal care market's growth. Continuous innovations in design and innovation are estimated to boost market growth. Moreover, the increasing focus of key manufacturers to launch innovations in the products and offer them at an affordable price attract every income group, thus driving the market. The rising consumer awareness regarding the need to protect and enhance their appearance and the ongoing beauty trend among the gen z generation also aid in the market growth. Furthermore, the rising need to offer innovative packaging to meet the rising beauty trend drives the global beauty & personal care packaging market.

The cosmetic packaging industry uses multiple layers of packaging. The packages are wasteful since they are mainly used for branding, generating a huge amount of harmful waste. Such waste is non-degradable and harms the environment, thus hampering the market growth of global beauty & personal care packaging. Moreover, the rising consumer demand for sustainable packaging material limits the use of plastic in the manufacturing of beauty & personal care products, thus inhibiting market growth. In addition, the augmenting demand for customization also challenged manufacturing companies, further impacting rapid growth.

IMPACT OF COVID-19 ON THE GLOBAL BEAUTY AND PERSONAL CARE PACKAGING MARKET

The COVID-19 epidemic has impacted the operational efficiency of manufacturing units due to lockdowns in different areas, the shortage of labor, and the supply chain being affected. The supply of raw materials was slowed down, which impacted the growth of the global beauty & personal care packaging market. However, the government bodies controlled the outbreak by providing the proper guidelines and preventive measures. The rising consumer needs to protect their skin and opt for several personal care treatments during the pandemic aided the market growth. Moreover, the increasing e-commerce activities and rising online sales of beauty products supported the market growth during the mid-pandemic era.

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in the Global Beauty and Personal Care Market.


• Key Industry Trends.


• Regulatory Landscape for the Global Beauty and Personal Care Market.


• key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY MATERIAL

Based on the material, the market is segmented into plastic, glass, metal, paper, and others. Due to the rising demand for eco-friendly packaging solutions, paper material dominates the global beauty & personal care packaging market. Moreover, reusability, high availability, and low weight are other factors for the segment's growth. The glass material is also widely used as the demand for attractive packaging for premium products has rapidly grown and is expected to generate high revenue for the global beauty & personal care packaging market.

ANALYSIS BY PRODUCT TYPE

Based on the product type, the market is segmented into bottles, cans, tubes, and pouches. Bottles will be significant revenue contributors to the market as multiple variations are available. They are non-reactive with content, low absorbent, high tensile strength, and package integrity is set to propel the growth of this segment in the beauty & personal care packaging market worldwide. Tubes will witness rapid market growth due to the growing consumer demand for small quantities of products and the increasing focus of manufacturers to offer trial products in the tube format.

ANALYSIS BY APPLICATION

Based on application, the market is segmented into cosmetics, fragrance, hair care, and others. The cosmetic segment is the highest revenue generator for the global beauty and personal care packaging market. The massive entries of beauty cosmetics brands into e-commerce have resulted in high demand for skin care kits, facial kits, and anti-aging creams resulting in demand for packaging solutions and growth of this segment.

ANALYSIS BY REGION

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The global beauty and personal care market has been studied in North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific is the leading region with the most significant beauty & personal care product sales in the global beauty and personal care packaging market. The growth can be attributed to the rising number of working women in developing countries and their growing interest in beauty and personal care products. North America is leading in the fragrance market globally, followed by cosmetic & personal care products, as the U.S. holds the largest market share globally. Europe's beauty & personal care packaging market is growing as more demand for vegan cruelty-free products has influenced the market. The higher spending power of consumers and the presence of leading players boost the Latin American market growth. Middle East & Africa will experience moderate growth due to the rising demand for beauty products and increasing sustainable packaging trends.

KEY PLAYERS COVERED

This report will include profiles of key players such as Global Inc., Huhtamaki Oyj, Albea SA, HCP Packaging, TriMas Corporation, AptarGroup Inc., Gerresheimer AG, Libo Cosmetics Co. Ltd., APC Packaging, Amcor PLC, Berry Global Inc., and Alder Packaging among others.

SEGMENTATION

KEY INDUSTRY DEVELOPMENTS

• December 2022: the leading manufacturing company in packaging, Amcor, announced a new manufacturing plant in China with investment in the millions company would be expanding and focusing on flexible packaging solutions for rising demand all over Asia Pacific.


• April 2022: Olive Natural Skincare, a natural beauty company, introduced its new, fully recyclable packaging and explored new solutions in recycled plastics and bioplastics. The company is mainly focused on offering skin care & baby care products.


• March 2022: Berry Global announced its partnership with Koa and launched a body care bottle and closure developed with recycled plastic.


• February 2022: Alder Packaging, a sustainable packaging company, partnered with Axilone, allowing them to tap the niche segment of cosmetic beauty packaging with a vision to take it to the next level with more sustainability and eco-friendly packaging solutions.


• September 2020: HCP Packaging took over Hetian Packaging co ltd, known for aluminum packaging solutions.