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Cosmetic Packaging Growth Accelerated By Increasing Demand For Premium And Unique Products

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Leena Shedmake
Cosmetic Packaging Growth Accelerated By Increasing Demand For Premium And Unique Products

Cosmetic packaging includes a variety of materials such as plastic, glass, metal, paper, and others used for packaging cosmetics and personal care products. Cosmetic packaging protects products from damage, contamination, tampering, and prevents product loss during storage and transportation. It also helps retain the efficiency and effectiveness of products. The growing demand for premium and unique cosmetic packaging from millennial consumers is driving innovation in designs, materials, functionality, and sustainability.

The global cosmetic packaging market is estimated to be valued at US$ 31588.71 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:


The growing demand for premium and unique packaging from millennial consumers is one of the key trends anticipated to drive market growth over the forecast period. Demand for innovative and sustainable packaging solutions is on the rise as consumers are willing to pay extra for unique designs and environment-friendly packaging materials. Manufacturers are increasingly focusing on research and development activities to introduce new packaging formats made from recycled and recyclable materials. They are incorporating advanced printing technologies to offer vibrant designs, textures, special effects, and interactive features to packages. This helps brands enhance their market visibility and brand positioning. Innovation in packaging is thus expected to remain a major area of focus for cosmetic companies to strengthen consumer engagement.

Segment Analysis


The global cosmetic packaging market is dominated by skin care sub segment. Skin care products constitute around 30% of the overall cosmetic products market. Factors such as rising beauty consciousness among consumers and growing demand for anti-aging products have been driving the growth of skin care products. Skin care segment packages products such as creams, lotions, gels, masks, scrubs etc requiring custom packaging designs with focus on appearance, feel, and functionality.


Key Takeaways


The Global Cosmetic Packaging Market Demand is expected to witness high growth over the forecast period of 2023 to 2030.

Regional Analysis: Rapid urbanization coupled with rising disposable incomes in developing regions of Asia Pacific and Latin America will be the major growth drivers. With growing middle class population in countries such as India, Indonesia, Brazil, and Mexico, the demand for cosmetic products is expanding rapidly in these regions. The Asia Pacific region currently accounts for around 35% of the global cosmetic packaging market share and is expected to be the fastest growing as well as the largest market during the forecast period.


Key players operating in the cosmetic packaging market are Abbott Laboratories, Baxter International Inc., Danone S.A., Nestlé S.A., GlaxoSmithKline plc., Sun Pharmaceutical Industries Ltd., Fresenius Kabi AG, BASF, Zeon Lifesciences Ltd., Mead Johnson & Company, LLC., B. Braun Melsungen AG., Nutrimed Healthcare Pvt. Ltd, and Zenova Bio Nutrition. Innovation in packaging designs, development of skin-friendly and eco-friendly materials and expanding distribution networks are some of the key strategies adopted by leading players to gain higher market share.


Explore more information on this topic, Please visit-

https://www.marketwebjournal.com/cosmetic-packaging-market-growth-and-trnds-analysis-share-size-demand-forecast/ 

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https://www.newsintv.com/sports/eurothrills-unleashing-sporting-excellence-with-europes-finest-gear-and-game/ 

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