The global eye cosmetic packaging market is set to enjoy a valuation of USD 1.6 Billion in 2022, and further expand at a CAGR of 4.6 % to reach USD 2.4 Billion by the year 2032. The sales of the bottles by product type are anticipated to bolster with the top 3 countries estimated to hold around 25-30% of the market by the end of 2022.
Based on the material, the plastic segment is projected to remain the leading segment among the other material used for eye cosmetics packaging. The reason for the same would be the easy availability of material along with the benefit offered by plastic eye cosmetic packaging such as enhanced shelf-life, durability, cost-effectiveness, and others gain traction among the eye cosmetic manufacturers.
| Attributes | Details |
|---|---|
| Market Size 2022 | USD 1.6 Billion |
| Market Size 2032 | USD 2.4 Billion |
| Value CAGR (2022 to 2032) | 4.6% |
| Collective Value Share: Top 3 Countries (2022E) | 25-30% |
The global eye cosmetic packaging market forms around 15% of the global cosmetics packaging market worth 9.6 Billion in 2021.
According to the FMI analysis, the eye cosmetic packaging market revenue totaled USD 1.5 Billion in 2021. With the propelling demand from various cosmetic brands, the global eye cosmetic packaging market is projected to reach USD 2.4 Billion by 2032, accelerating at a CAGR of 4.6% during the forecast period.
The eye cosmetic packaging market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that the eye cosmetic packaging market sales will rise from 2022 to 2032 and is projected to create an absolute incremental growth opportunity of USD 950 Million.
The eye cosmetic packaging market is anticipated to expand 1.7 times the current market value during the forecast period.
The global eye cosmetic packaging market witnessed a CAGR of 4.3% during the historic period with a market value of USD 1.5 Billion in 2021.
The eye cosmetic packaging market flourished in recent years because of the increasing consumption of cosmetic products and the increasing awareness of cosmetic products among all consumers to uphold a more attractive look.
Also, increasing demand for eye cosmetic products such as kajal, mascara, liner, and others on online platforms leads to the rise in e-commerce, which has driven up the eye cosmetic packaging market.
Eye cosmetic product manufacturers are using various attractive packaging solutions to gain customer attention from the shelf itself, which boosts the demand for eye cosmetic packaging. The eye cosmetic packaging includes various packaging formats made from plastic, glass, paper & paperboard, and metal such as bottles, jars, tubes, boxes, and others.
In the cosmetics industry, glass packaging will be gaining a decent pace in the span of the next 10 years because glass packaging offers zero chemical interaction and ensures that the products inside the glass jars/bottles keep their aroma.
Besides this, the growing sustainability concern around the world creates a growth opportunity for paper eye cosmetic packaging and plastic eye cosmetic packaging made from recycled material. The increasing trend among consumers to use various eye cosmetic products is bolstering the market growth at a comparatively higher rate during the forecast period than the historical.
Nowadays, cosmetic brands are more focused on marketing and branding than they were in the last decade. With the evolution of social media and the introduction of intelligent packaging solutions, end-use brands are offering sustainable and smart packaging solutions for eye cosmetics.
With QR and RFID codes on the packaging, virtual pop-ups and augmented reality filters are some of the features that are influencing the eye cosmetic packaging market.
The packaging brands for eye cosmetics are concerned about delivering intelligent solutions with a touch of traditional elements for the product. Advanced fill-seal technology has provided products with a multi-dimensional look on retail shelves. Hence, technological evolution is playing a major role in shaping the dynamics of the eye cosmetic packaging market.
The bottles segment followed by the jars segment by product type is expected to create growth opportunities for the global eye cosmetic packaging market from 2022 to 2032. The reason behind the same is the increased adoption of rigid packaging solutions for filling, storing, and delivering eye cosmetic products by manufacturers.
The USA eye cosmetic packaging market is anticipated to expand 1.6 times the current market value during the forecast period. According to Cosmetic Europe - the Personal Care Association, the retail sales price of The US cosmetic and personal care market accounted for USD 94 Billion in 2021.
The expanding cosmetic and personal care industry in the USA is estimated to augment the demand for eye cosmetic packaging.
Germany is projected to hold approximately 22% of the European eye cosmetic packaging market due to the surge in demand for cosmetic products in Germany. As per the data provided by the Cosmetic, Toiletry and Perfumery Association (CTPA), Germany’s cosmetic & personal care market is the largest market in Europe.
The German cosmetic and personal care market stood at USD 13 Billion in 2021. Thus, Germany considered the largest market for cosmetic and personal care products is projected to supplement the sales of eye cosmetic packaging.
The key players in the eye cosmetics packaging market faced negative demand during the pandemic. This also affected its sales and market share of eye cosmetic packaging market. Now, the key players in the market are trying to gain market share to recapture their position in the eye cosmetics packaging market. Some of the recent key changes by the leading players are as under:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.6% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Material, Product Type, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Epopack Co., Ltd; HCP Packaging; Arcade Beauty; APC Packaging; Quadpack Group; Berry Global Inc.; 3C Inc.; Libo Cosmetics Co. Ltd.; Aptar Group; Albea Group; Gerresheimer AG; H&K Müller GmbH & Co. KG; CORPACK GMBH; Plásticos FACA S.A.; LUMSON S.p.A.; Frapak Packaging; HCP Packaging; WG Pro-Manufacturing Inc.; The Packaging Company |
In 2021, the value of the global eye cosmetic packaging market was USD 1.5 Billion.
During the forecast period, the global eye cosmetic packaging market is anticipated to expand at a CAGR of 4.6%.
The global eye cosmetic packaging market is expected to reach USD 2.4 Billion by the end of 2032.
During the forecast period, plastic is likely to be the fastest-growing material segment in the global eye cosmetic packaging market.
The development of various eye cosmetic products by key cosmetic manufacturers is projected to fuel the demand for eye cosmetic packaging.
The key players in the eye cosmetics packaging market are Epopack Co., Ltd., Quadpack Group, Berry Global Inc., Libo Cosmetics Co. Ltd., Aptar Group, Albea Group, and Gerresheimer AG.
As per the FMI analysis, the Indian eye cosmetic packaging market is projected to expand at a CAGR of 5.6% from 2022 to 2032.
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Eye Cosmetic Packaging Market
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