COSMETIC PACKAGING MARKET ANALYSIS

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2. COSMETIC PACKAGING MARKET ANALYSIS • Cosmetic Packaging Market, by Material (Plastic, Metal, Glass, and Paper), by Product Type (Bottles & Jars, Tubes, Pumps & Dispensers, and Others (Containers, Sachets etc.)), by Application (Skin Care, Hair Care, Make-Up, and Nail Care), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2019 – 2027 

3. Packaging protects the cosmetic product from damage during transportation and degradation by biological, thermal or chemical causes. Packaging materials are of various types such as plastic, metal, glass, or paper. Cosmetic products can be stored in bottles and jars, tubes, pumps & dispensers, containers or sachets. Packaging plays a vital role in improving appearance of the product and making it more aesthetically appealing to consumers. Make-up packaging companies are focusing on developing some innovative containers to make products look more attractive, and effective.

4. Market Dynamics • Rapid industrialization, changing standard of living, coupled with rising awareness regarding personal grooming products is leading to expansion of consumer demand for cosmetic products. According to the Trading Economics Statistics on U.S. Disposable Personal Income, the disposable personal income in the U.S. averaged US$ 5200.2 billion in 1959, reaching US$ 15,742.81 billion in November 2018. Furthermore, increasing adoption or consumer preference for in make-up and personal care products, owing to rising disposable income of the population is expected to propel demand for attractive and user-friendly packaging. Increasing expenditure on personal care industry worldwide is driving growth of the cosmetic packaging industry. According to the International Trade Administration (ITA), in 2014, per capita spending on cosmetic products in the U.S. was US$ 139, US$ 171 in South Korea, and US$ 174 in Japan.

5. Moreover, innovations in packaging styles is expected to increase demand for cosmetic packaging market in the near future. Innovative designs and variety of colors in packaging for brand differentiation are key drivers for growth of the packaging market. Technological advancements such as introduction of fragrance packaging, sensory ink, ergonomics, user-friendly designs (box, tube etc.), and 3D printing is expected to drive growth of the cosmetic packaging market over the forecast period. However, stringent regulations associated with the materials used for packaging, coupled with fluctuating prices of raw materials are factors which are expected to hamper growth of the cosmetic packaging market. For instance, Aluminum cosmetic containers should meet the requirements of ISO 22715. The container must be safely store and protect the product from damage.

6. Market Outlook • Among materials, plastic holds largest market share in the global cosmetic market, and it is expected to grow over forecast period, owing to low cost, light weight, and durability. For instance, according to the article published by the National Geographic magazine, in April 2019, the personal care industry is rising and $500 billion per year global personal care industry relies on plastic, which is expected to boost during forecast period. • Asia Pacific is expected to emerge as the fastest growing region in the global cosmetic packaging market over the forecast period owing to increasing population. For instance, according to a report published by the Economics and Social Commission for Asia and the Pacific, in November 2013, the total population of the Asia Pacific region was 4.3 billion, which was 60% of the world’s total population and it is expected to reach 5.1 billion in 2050.

7. Key Players • Key players operating in the global cosmetic packaging market include Albea, RPC Group Plc., HCP Packaging, Silgan Holdings, AptarGroup Inc., Libo Cosmetics, Gerresheimer AG, Amcor Limited, Quadpack Industries, and Fusion Packaging. • Market Taxonomy • On the basis of material, the global cosmetic packaging market is segmented into: • Plastic • Metal • Glass • Paper • On the basis of product type, the global cosmetic packaging market is segmented into:

8. Bottles & Jars • Tubes • Pumps & Dispensers • Others (Containers, Sachets) • On the basis of Application, the global cosmetic packaging market is segmented into: • Skin Care • Hair Care • Make-Up • Nail Care • On the basis of region, the global cosmetic packaging market is segmented into:

9. North America • U.S. • Canada • Europe • U.K. • Germany • Italy • France • Russia • Spain • Rest of Europe • Asia Pacific • China • India

10. Japan • ASEAN • Australia • South Korea • Rest of Asia Pacific • South America • Brazil • Mexico • Argentina • Rest of Latin America

11. Middle East & • GCC • Israel • Rest of Middle East • Africa • Northern Africa • Central Africa • South Africa

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