Large paragraph: Makeup packaging products play a crucial role in protecting cosmetic formulations from contamination and degradation while also appealing to customers. Features like durable materials, leak-proof closures, convenient applicators, and customizable designs help cosmetic brands showcase their products attractively on store shelves and online.
The global Makeup Packaging Market is estimated to be valued at Us$ 8,126.3 Mn in 2023 and is expected to exhibit a CAGR Of 6.6% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing focus towards eco-friendly and sustainable packaging has been a key trend shaping the makeup packaging market. Rising consumer awareness about reducing plastic waste and environmental protection has compelled brands to offer packaging made from renewable and recyclable materials. As a result, there has been growing demand for packaging solutions incorporating bio-based and post-consumer recycled plastics. For instance, packaging manufacturers are developing makeup containers from plant-based resins like polyhydroxyalkanoate (PHA) and packaging printed with bio-inks. Such innovations allow brands to promote their ethical and green credentials while meeting consumer expectations of sustainable choices. This focus on eco-friendly options is expected to further propel the makeup packaging market expansion over the coming years.
Segment Analysis
The global makeup packaging market is dominated by the skin care segment, which accounted for more than 30% market share in 2023. Skin care products require varied packaging types ranging from bottles, jars, tubes, and others. The increasing focus of consumers on personal grooming as well as usage of multiple skin care products is driving the need for innovative and sustainable packaging solutions.
Key Takeaways
The Global Makeup Packaging Market Demand is expected to witness high growth at a CAGR of 6.6% during the forecast period of 2023 to 2030 to reach a market size of US$ 8126.3 Mn by 2030.
Regional analysis.
Asia Pacific region accounted for the largest share of more than 35% in the global makeup packaging market in 2023. The increasing disposable income of the growing middle-class population as well as heavy dependence on e-commerce for purchase of personal care and cosmetic products are major factors augmenting the growth of the makeup packaging market in the region. China accounted for more than 25% share of the Asia Pacific makeup packaging market owing to huge domestic demand for cosmetic products. The region is projected to continue its dominance during the forecast period as well owing to growing industries in countries like India, Indonesia, and Vietnam.
Key players operating in the makeup packaging market include Albéa S.A., AptarGroup, Inc., Axilone USA, ShyaHsin Packaging (China) Co., Ltd., Lumson SpA, Toly Group, Cosmopak Corp., Yoshida Industries Co., Ltd., Mitani Valve Co Ltd., HCP Packaging (Shanghai) Co. Ltd., Quadpack Industries, S.A., Kolmar Laboratories, Inc., and others. Albéa S.A. specializes in developing customized solutions catering to specific brand needs. It offers products like lipsticks cases, containers, and compacts. AptarGroup, Inc. provides innovative dispensing solutions and designs for skin care, color cosmetics, and fragrance products.
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