Cosmetic Packaging Machinery Market - Growth, Trends, and Forecast (2020 - 2025)

The cosmetic packaging machinery market was valued at USD 3.52 billion in 2019 and is expected to reach USD 4.98 billion by 2025, at a CAGR of 5.62% over the forecast period 2020 - 2025. 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.