Cosmetic Packaging Machinery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The cosmetic packaging machinery market was valued at USD 3.52 billion in 2020 and is expected to reach USD 4.98 billion by 2026 and grow at a CAGR of 5.62% over the forecast period (2021-2026). The next-generation automated packaging machines are replacing the traditional cosmetics packaging machines. These machines are designed without control cabinets and are vertically and horizontally connected.

• The industries are moving toward significant automation for improving their cost and energy utilization. With automation, human intervention has reduced significantly, which has helped in reducing human errors considerably. For the same reason, the packaging industries are also adopting integrated and next-generation automated machinery. These factors are driving the growth of the packaging machinery market.
• Owing to the improving economic conditions and increasing disposable income globally, the demand for personal care and consumer goods is increasing. The cosmetic companies have expansions globally. For instance, L'Oreal is planning to invest EUR 15 million for the expansion of its plant in France; the plant will be a part of its luxury Excellence Manufacturing Centre.
• The usage of vacuum machinery for cosmetics products is increasing for aseptic packaging, as conventional packaging machines are not capable of it. This factor is driving the growth of the market for cosmetic packaging machinery market.
• On the other hand, the requirement of high initial capital is restricting the companies from replacing their existing packaging line. The stringent government regulations for cosmetics and their equipment are also limiting the growth of the market for cosmetic packaging machines.

Scope of the Report

The scope of the study for the cosmetic packaging machinery market is limited to the type of machines used for various operations for cosmetics packaging globally. The packaging machines for perfumeries are nor considered for market estimation.

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Key Market Trends

Labelling Machines to Witness Significant Growth

• With technological advancements and digital transformation, the importance of labeling has increased tremendously over the years. Cosmetic products are available in different forms of packagings and material. Hence, there is a demand for different kinds of labeling machines to suit various packaging needs.
• The FDA and the EU do not have many restrictions on the ingredients for cosmetic products and the testing of products is left up to the manufacturers. The regulations for listing the ingredients are mandatory. This factor makes the labeling machine essential for each packaging.
• The companies manufacturing cosmetics are expanding their production facilities, owing to the increase in sales of consumer goods for personal care. According to the Centers for Medicare and Medicaid Services, the United States is expected to spend USD 3.2 trillion in 2019 on personal healthcare.
• Owing to this increase, the adoption of packaging machinery for cosmetics is also expected to increase subsequently. In addition to this, according to the Association for Packaging and Processing Technologies, labeling machines witnessed a high demand in the packaging sector. This factor and the increasing demand for cosmetics are expected to drive the growth of the market.    

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