Cosmetic Packaging Market Size

Cosmetic Packaging Market Analysis

The Cosmetic Packaging Market size is estimated at USD 27.34 billion in 2023, and is expected to reach USD 35.03 billion by 2028, growing at a CAGR of 5.08% during the forecast period (2023-2028).

Packaging in the cosmetic industry has witnessed robust growth in recent years. The cosmetic industry has a varied packaging requirement compared to other sectors.

• The materials used include glass, paper, and plastic. These materials are used to make cosmetic packaging products, such as containers and bottles, in various shapes and sizes and dispensing mechanisms.
• Packaging materials, such as plastic, can be used as primary and secondary packaging solutions, including flexible pouches, caps, closures, and nozzles, the industry's primary packaging materials. Plastic tubes are one of the significant containers in the cosmetic industry as they can store liquid-solid and semisolid materials and dispense products in controlled proportions. Also, compared to other container tubes, it can provide better contamination protection.
• The cosmetic industry has varied packaging requirements for all the other sectors. The cosmetics industry seems united to decrease the impact of plastic pollution with new packaging strategies and refined formulations. Glass is one of the oldest packaging materials, which is nonporous and impermeable. It does not degrade, providing chemically inert properties. Glass adds to the premium appeal of the products and allows buyers to see the content and its color, thus giving them an idea of what they are getting. This is one of the main reasons why glass is used in cosmetic packaging.
• The rising consumer spending on grooming and beauty products drives the demand for premium products, augmenting the demand for glass bottles and containers for such product packaging and influencing market growth. Additionally, emerging economies are expected to create a favorable demand for cosmetic products and their packaging. As a result, economies like India and Southeast Asian countries are proving to be lucrative markets for cosmetics packaged in attractive glass packaging.
• Companies operating in the industry are focused on innovating new products as part of their business expansion. In October 2023, SGD Pharma unveiled its latest glass packaging innovations at the upcoming Luxe Pack Monaco event. These innovations include fragrance mini samplers and the Eclipse refillable glass jar. In addition, SGD Pharma offers the Constellations range of glass packaging solutions, which come in various shapes and are suitable for skin care and nutraceutical applications.
• Setting up the manufacturing unit for cosmetic packaging is capital-intensive and involves using large furnaces and machines. Cosmetics require an appealing package design that attracts clients and is appealing on-shelf displays. Thus, brands operating within this segment are developing attractive glass packaging solutions to gain customer focus and enhance their business, which adds to design costs.