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Cosmetic Packaging Market size was valued at USD 50 billion in 2019 and is poised to grow from USD 51.8 billion in 2023 to USD 68.74 billion by 2031, growing at a CAGR of 3.6% in the forecast period (2024-2031).

Leading brands like Amcor, ALPLA Group, and Berlin Packaging are increasing their production capacity in response to rising demand for and utilization of cosmetic packaging that is extremely adaptable. Key market players are accelerating research and development efforts to create packaging solutions of higher quality tailored to the cosmetics industry's specific needs. Companies are forming strategic alliances to boost R&D efforts and increase their presence in the rapidly expanding market as beauty and cosmetics trends change. 'Amcor (Switzerland)', ' Gerresheimer AG ', ' AptarGroup, Inc. ', ' Albea S.A. ', ' HCP Packaging ', ' RPC Group plc ', ' Silgan Holdings Inc. ', ' Quadpack Industries ', ' Libo Cosmetics Company, Ltd. ', ' Fusion Packaging ', ' Cosmopak USA LLC ', ' Lumson SPA ', ' Quadpack Group ', ' Gerresheimer AG ', ' Cosmopak USA LLC ', ' HCT Group ', ' Alpha Packaging ', ' Graham Packaging Company ', ' Coverpla Inc. ', ' Raepak Ltd. '

The cosmetics industry is rapidly expanding into developed as well as developing nations. Due to shoppers' preference for high-quality beauty care products and other goods, their discretionary income has increased. Beauty care product companies are creatively bundling their products and updating their product plans in order to attract more customers. As a result, it is anticipated that the area will substantially expand throughout the estimation period.

Cosmetics with green, organic, and cleaner ingredients are becoming increasingly popular with consumers. Cosmetics manufacturers are not only making better products, but they are also smartly branding their products by using creative packaging to attract more and more customers. As more consumers become aware of the various products available on the market through social media and online platforms, digital transformation is creating lucrative opportunities. The customized and specialized cosmetic packaging industry is experiencing intense competition as a result of rapid digital transformation. Innovative packaging solutions are being used by new cosmetics brands to increase their market share and gain an advantage over established brands.

China accounted for more than three-fifths of the total value of the Asia-Pacific market in 2021, which was worth USD 15.7 billion. China has the world's second-largest market for beauty products, following the United States. It is anticipated that the country and region's utilization of therapeutic activities will increase as a result of the rapid expansion of discretionary cash flow and the growing number of children. Computerized change is significantly driving business sector development nearby as web-based entertainment forces to be reckoned with have further developed means to contact and influence active individuals via virtual entertainment platforms. As adolescents' awareness of the natural world grows, so does the acceptance of eco-friendly bundling options like paper and board, bamboo, bamboo originator bundling, and glass.

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Global Cosmetic Packaging Market

Product ID: SQMIG30L2113