The make-up products market has a current valuation of USD 53.46 Billion in the year 2022. It is anticipated to market at a CAGR of 4.15% from the year 2022 to 2032. The cosmetic packing industry is estimated to reach a valuation of USD 79.36 Billion.
| Attributes | Details |
|---|---|
| Make-up products packaging market (CAGR) | 4.15% |
| Make-up products packaging market (2022) | USD 53.46 Billion |
| Make-up products packaging market (2032) | USD 79.36 Billion |
There has been an Increasing demand for cosmetics due to shifting trends of grooming in both gender types. Moreover, the increase in disposable income of the people has impacted this market positively. Furthermore, the upcoming youth of this era is expected to boost the market. Innovation in packaging is the key to growing the market in the foreseeable future.
Market dynamics
Leading companies focus on sustainable development. However, innovative packaging remains the key factor. The growth in e-commerce industries has significantly boosted growth in the demand for cosmetic products owing to their easy availability.
These websites offer a wide range of choices. The increase in social media usage has also contributed to the growth. Major players refuse to compromise on the quality of the product as cosmetic products are in direct contact with the skin.
Covid-19 had drastically affected global trade and knocked out many manufacturers from various sectors. However, the demand increased for cosmetic self-care products as people finally had time to give time to themselves.
In order to achieve sustainable development, manufacturers believe in the golden R’s that are reduced, reused, and recycled. They include features such as plastic hinges for compact and refill concepts, and fossil-free, bio-based sustainable alternatives to traditional materials. Moreover, high-quality mirror-cutting facilities for compacts and palettes are all located in-house, with the option for polished edges to add a premium touch.
Make-Up products industry is one of the few industries which has a loyal, die-hard consumer base. As packaging is the first thing that gains consumer’s attention, the make-up products packaging manufacturers are continually trying to create a focal point in their packaging solutions.
The make-up products packaging industry has the potential to gain more business share by providing eye-catching multifunctional product packaging. Make-up products manufacturers are concerned about make-up products packaging as there is a clear association between the make-up products packaging, the cost of a product and the perceived quality of a product.
Packaging solutions vary for different kinds of products and target customers. Some make-up products packaging companies manufacture their products targeting outstanding style and design. However, some companies merely focus their product designs on improving the functionality of their product.
Packaging for make-up products is highly specialized to meet the needs of product protection, consumer functionality along with brand positioning. Different make-up products manufacturers are experimenting with their packaging solutions to create a unique identity for their brand. Owing to the increased awareness regarding environmental concerns, consumers, are inclining towards eco-friendly packaging solutions.
Make-up products packaging companies are designing jars and bottles which are reusable. Many of the products come in small tins, which can later be recycled or upcycled for other applications. This practice helps in reducing the overall packaging waste generated. The demand for travel sized products has also surged in recent years, owing to the busy and on-the-go urban lifestyle.
Moreover, make-up products packaging manufacturers are now tending to go for bright and bold colors rather than using beautiful women to market make-up products. Leading make-up products packaging manufacturers such as World Wide Packaging LLP are innovating their conventional designs to enhance consumer convenience. For instance,
Aforementioned factors are anticipated to further propel the growth of the global make-up products packaging market during the forecast period.
Some of the key players operating in the global make-up products packaging market are as follows EPOPACK Co., Ltd., The Packaging Company, Albéa S.A., Libo Cosmetics Company, Ltd., HCP Packaging, RPC Group Plc, Gerresheimer AG, AptarGroup, Inc. AREXIM Packaging, Fusion Packaging, Cosmopak Corp., and World Wide Packaging among others.Many local and unorganized players are expected to contribute to the global make-up products packaging market during the forecast period.
Geographically, the global make-up products packaging market has been divided into seven key regions as- North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excl. Japan, Middle East & Africa, and Japan. Asia Pacific market has immense opportunities for make-up products packaging as the make-up products market is far from being saturated.
Europe and North America regions have an established market for make-up products which is expected to further fuel the demand for make-up products packaging during the forecast period.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Globallythe make-up products packaging market has been segmented on the basis of product type, capacity, and material type as follows –
On the basis of Product Type, the global make-up products packaging market has been segmented as-
On the basis of Capacity, the global make-up products packaging market has been segmented as-
On the basis of Material Type, the global make-up products packaging market has been segmented as-
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Make-Up Products Packaging Market
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