DUBLIN--(BUSINESS WIRE )--The "Cosmetic Packaging Market By Material Type, By Packaging Type, By Application: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The global cosmetic packaging market was valued at $34,322.7 million in 2020, and is projected to reach $55,899.2 million by 2030, registering a CAGR of 4.8% from 2021 to 2030.
Cosmetic packaging solutions are rigid or flexible packaging solutions that are used for packing a wide range of cosmetic products such as foundation, concealer, and mascara. Cosmetic packaging includes a variety of containers and pouches made of glass, paper, plastic, and metal. These packaging are often printed and decorated to enhance their looks.
Cosmetic packaging is available in a wide range of size, shapes, and closures in the market, thereby making it suitable for all kinds of cosmetic products, be it gaseous, liquid, or solid. Among all the material types, plastic packaging is gaining high traction among beauty products manufacturers, owing to its ability to take complex shape, easy handling, and durability. Cosmetic packaging is essential for preventing and protecting contained cosmetic products from contamination and any physical damage during transit and usage.
The development of the e-commerce industry has significantly boosted the demand for cosmetic products, owing to ease of buying experience along with availability of a large number of options to choose from.
In addition, social media sites such as Instagram and Facebook have positively influenced the cosmetics market. These factors are positively influencing the cosmetic packaging market.
However, fluctuating cost of raw materials used for manufacturing cosmetic packaging is a major restraint in of the market. Furthermore, development in 3D printing technology is expected to provide lucrative opportunities for the growth of the market.
The global cosmetic packaging market is segmented into material type, packaging type, application, and region. By material type, the market is classified into glass, paper based, plastic, and metal. On the basis of packaging type, it is categorized into tubes, bottles, dispenser, and others. Depending on application, it is classified into oral care, skin care, hair care, makeup, and perfume. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch to strengthen their market outreach and sustain the stiff competition in the market.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900