The Global Makeup Packaging Market is estimated to be valued at US$ 8126.3 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.
Makeup packaging products include glass bottles, plastic jars and tubes, caps and closures, and boxes which provide portability and protect makeup items from damage and contamination. Glass bottles are extensively used for premium makeup packaging owing to properties like resilience to cracking or breakage and ability to keep products away from light and air. This has been fueling growth of the global makeup packaging market over the years.
Market Overview:
The Makeup Packaging Market offers products for liquid, powdered and other types of cosmetics and makeup items. Glass bottles provide an elegant look along with protection against deterioration of quality for makeup cream, lotions and liquid foundations. Plastic jars and tubes are commonly used for eyeshadows, lipsticks and nail polishes owing to their lightweight and portable nature.
Market key trends:
One of the key trends in the makeup packaging market is the use of premium and sustainable materials. Glass bottles made of recycled glass are gaining popularity owing to rising environmental concerns. Companies are focusing on eco-friendly packaging solutions like lightweight plastic containers and FSC certified carton boxes. Use of printed sleeves, labels and overlays on packaging has also increased to attract consumers and replicate the appearance of luxury brands at affordable costs. Innovation in cap designs, applicators and extended shelf-life coating are some other trends shaping the packaging needs in the makeup industry.
Segment Analysis
The global makeup packaging market can be segmented based on container type, application, and material. The container type segment can be further divided into bottles, tubes, jars, cans, pouches & sachets, and others. Among these, the bottles segment dominated the market in 2023 and is expected to continue its dominance over the forecast period. Bottles are preferred by consumers and brands due to their airtight closure, portability, and ability to prevent leakage.
In terms of application, the market is classified into skin care, hair care, makeup & color cosmetics, and fragrances & deodorants. The makeup & color cosmetics segment held the largest market share in 2023 and is projected to grow steadily during the forecast years. The increasing production and sales of cosmetic products are driving the demand for innovative packaging solutions in this segment.
Key Takeaways
The Global Makeup Packaging Market Trend was valued at USD 8126.3 Mn in 2023. It is expected to witness high growth, exhibiting a CAGR of 6.6% over the forecast period from 2023 to 2030. The increasing demand for premium and sustainable packaging solutions from the cosmetics industry is fueling the market growth.
Regional analysis:
Among regions, Asia Pacific accounted for the largest market share in 2023 and is likely to dominate the market during the forecast period. This can be attributed to the burgeoning middle-class population, rising disposable incomes, and increased spending on personal care products in countries like China, India, Japan, and South Korea.
Key players:
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. Major players are focusing on developing innovative and sustainable packaging solutions to cater to the evolving needs of end-use industries and gain a competitive edge in the market.
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