Market Size of Cosmetic Packaging Machinery Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cosmetic Packaging Machinery Market Analysis
The Cosmetic Packaging Machinery Market is expected to grow at a CAGR of 5.9% over the forecast period. The next-generation automated packaging machines are replacing traditional cosmetics packaging machines. These machines are designed without control cabinets and are vertically and horizontally connected.
- With the rise of various customized beauty products, there has been an increase in the demand for efficient packaging. This would be attributed to the increasing awareness of personal grooming, which has expanded the consumer base of cosmetic products. Factors such as the growing millennial population, increasing urbanization, and rising incomes of consumers are the major contributors to the growth of the cosmetic industry. Urbanization has created several opportunities for the players in the market by raising disposable income and creating awareness about the availability of various cosmetics, thereby significantly spurring the demand for cosmetic products and packaging.
- According to a study by MJS Packaging in August 2022, packaging in the beauty and cosmetics industry has evolved rapidly. Polyethylene and PET are common materials used for cosmetic packaging. These materials also cope well with the influx of green customers. PETG, polyethylene, and PET are easily recyclable plastics accepted by all street recycling programs. This makes these materials an ideal option for environmentally friendly packaging. 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 equipment also limit the market growth for cosmetic packaging machines.
- The COVID-19 pandemic impacted the operations of the packaging industry market players and cosmetics providers. However, owing to the demand for hygienic products by end users, packaging for cosmetics also witnessed growth despite supply chain disruptions. Consumers' views changed in the near term for more hygiene-driven features, which sidelined their sustainable packaging preference during the COVID-19 pandemic. Moreover, the Russia-Ukraine war has an impact on the overall packaging ecosystem.
