Cosmetic Packaging Market to Grow at a CAGR of 4.70% During 2024-2032; Increasing Demand for Cosmetics Drive Market Growth

The global cosmetic packaging market size was valued at USD 53.40 billion in 2023. The market is projected to grow from USD 55.38 billion in 2024 to USD 79.99 billion by 2032, exhibiting a CAGR of 4.70% during the forecast period.

Fortune Business Insights™ presents this information in its report titled, “Cosmetic Packaging Market Size, Share & Industry Analysis, By Material (Plastic {Polypropylene (PP), Polyethylene terephthalate (PET), Polyethylene (PE), Polyvinyl Chloride (PVC), and Others}, Paper & Paperboard, Glass, Metal, and Others), By Product Type (Jars & Containers, Tubes, Bottles, Pumps & Dispensers, Sachets & Stick Packs, Aerosol Cans, Blisters, Folding Cartons, and Others), By Capacity (Less than 50 ml, 50-100 ml, 101-200 ml, 201-500 ml, and Above 500 ml), By Application (Skincare, Haircare, and Makeup), and Regional Forecast, 2024-2032”.

Surging demand for cosmetics owing to the changing packaging trends, rise in youth population, and innovate package designs, is expected to drive market expansion. Packaging offers brand value, communicates, captures attention, and provides protection to the products.

The COVID-19 pandemic negatively impacted the market expansion owing to the surged unemployment rates, social distancing, increases lockdowns restrictions, and social distancing.

Neutrogena Partnered With Specialty Material Company Eastman to Develop Recyclable Cosmetics Packaging Solution

In December 2023, Neutrogena partnered with specialty material company Eastman for developing a film-free, recyclable cosmetics packaging solution. As claimed by Eastman, this Solus-enabled plastic film-free allows the transferring of metallized packaging ensuring cosmetic manufacturer to deliver a more sustainable product to its consumers without compromising shelf appeal.

Surging Disposable Income and Consumer Consciousness to propel Market Growth

The cosmetics packaging market growth is driven by the surging disposable income and rising consumer awareness toward cosmetic and beauty products, further increasing their demand. The market’s growth is also propelling due to the surging entry of the products and brands in the market, along with rising focus of young population on their appearances and personal hygiene.

However, the lack of plastic recycling infrastructure owing to the large capital investments in many countries may hamper market expansion.

Key Players are Focusing on Research and Development to Lead the Market

The major players in the market are focusing on research and development to manufacture superior-quality products with advanced features to dominate the cosmetic packaging market. The market includes key players, such as Procter & Gamble, Kao Corporation, and others.

Notable Industry Development

• June 2023 - Albéa Tubes and Oriflame partnered to introduce the Duologi range, which is designed with the sustainability goals of Albéa. This new range is designed for the packaging of the Rich Crème Conditioner and Light Crème Conditioner of Oriflame.

List of the Companies Profiled in the Report:

• Huhtamaki (Finland)


• AptarGroup, Inc. (U.S.)


• Berry Global Group Inc. (U.S.)


• BIG SKY PACKAGING (U.S.)


• Gerresheimer (Germany)


• Amcor Plc (Switzerland)


• ALPLA Werke Alwin Lehner (Austria)


• Albéa Group (France)


• 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)

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

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

Further Report Findings-

• Asia Pacific is leading the cosmetic packaging market share. The region’s growth is attributed to the fast increase in the disposable income, along with the surging youth population across Asia Pacific.


• North America is the second most dominating region in the market. The increasing need for high-quality and creative packaging is driving the market expansion.


• The Middle East & Africa is expected to show considerable growth due to the surging demand from the hospitality segment along with increasing tourism activities in nations, including Kuwait, UAE, Saudi Arabia, and Oman.


• The increasing adoption of plastic in the luxury packaging space drives the plastic segment expansion in the market.

Table of Segmentation: