Beauty Packaging Staff03.09.20
The global cosmetic packaging market is projected to grow to be worth $60.9 billion by 2025, according to a new report by Markets and Markets.
The market will rise by $49.4 billion in 2020, at a CAGR of 4.03% from 2020 to 2025, the report states.
The report is divided by packaging type and material. Sections include glass, metal, rigid, paper-based, and flexible packaging. It is also divided by category, such as skincare, hair care, oral care, sun care, fragrance, and color cosmetics.
Bottles Are Most in Demand
In terms of value and volume, bottles are most in demand. Bottles, by type, accounted for the largest market share among all the types of cosmetic packaging - due to an increase in demand for bottles from personal care and hair care manufacturers.
Bottles can be custom decorated, and printed with unique patterns. Bottles are an ideal choice for lotions, body wash, shampoos, conditioners, and many more products.
Skincare Dominated Last Year
Skincare, by application, accounted for the largest demand for cosmetic packaging in 2019, in terms of value and volume.
This dominant market position is attributed to a boost in demand for new and innovative skincare ranges such as face creams, anti-aging creams, sunscreens, and others.
With the boost in the demand for personal grooming products, the demand for its packaging has also gone up, which has created an opportunity for the growth of the skincare segment in the cosmetic packaging market.
