by The cosmetic packaging market offers a wide range of products like bottles, tubes, jars, containers, dispensers and others which are used for packaging of cosmetic and personal care products. Cosmetic packaging protects products from damage, leakage and prevents contamination which increases the shelf life of products. The growing personal care and beauty industry globally is one of the major drivers of this market.
The Cosmetic Packaging Market is estimated to be valued at US$ 36,390.2 Mn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 to 2031.
Key Takeaways
Cosmetic Packaging Market Key players operating in the cosmetic packaging market are Abbott Laboratories, Baxter International Inc., Danone S.A., Nestlé S.A., GlaxoSmithKline plc., Sun Pharmaceutical Industries Ltd., Fresenius Kabi AG, BASF, Zeon Lifesciences Ltd., Mead Johnson & Company, LLC., B. Braun Melsungen AG., Nutrimed Healthcare Pvt. Ltd, and Zenova Bio Nutrition. Growing focus on sustainable beauty products as well as attractive and innovative packaging designs are fueling demand in the market. Major players are expanding globally to strengthen their market position and cater to the rising demand.
Market key trends
Sustainable Cosmetic Packaging Market Trends is a key trend in the cosmetic packaging market. Growing environmental concerns are forcing manufacturers to focus on eco-friendly materials like paper, sugar cane and bamboo for packaging. Recyclable plastic is also gaining traction. Lightweight and compact packaging designs are popular to reduce plastic consumption. Digital printing allows customization and helps brand differentiation. Interactive features like touch sensors are being integrated in luxury products. These innovations are expected to drive market growth in the forecast period.
Porter’s Analysis
Threat of new entrants: New entrants face high costs of building packaging manufacturing plants and establishing distribution channels and brand recognition.
Bargaining power of buyers: Buyers have high bargaining power given the availability of substitutes and undifferentiated products.
Bargaining power of suppliers: Suppliers have moderate bargaining power as they supply common raw materials like plastics and glass available from multiple sources. Threat of new substitutes: Substitutes like flexible Cosmetic Packaging Market pose moderate threat due to ease of transportation. Competitive rivalry: Intense competition exists between established players.
Geographical concentration of the market in terms of value is North America. The region accounted for over 35% market share in 2024 owing to increasing disposable incomes, growing millennial population base and rising focus on aesthetic appeal.
The fastest growing region for the cosmetic packaging market is Asia Pacific. The region is expected to register a CAGR of over 10% during the forecast period on the back of increasing modernization, rising middle class, growing working women population and rapid urbanization in countries such as China, India and Indonesia.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.
