Cosmetic Bottle Packaging Market Estimated At About USD 39 Billion By 2023

Cosmetic Bottle Packaging Market Synopsis

The global cosmetic bottle packaging market, estimated at about USD 39 billion at the retail level, is a highly attractive segment of the consumer products space. The market has seen steady growth of 4.5% CAGR in the last few years.

Their dominance is due to the entrenched position of plastic bottles in many high-volume applications such as shampoo, conditioner, and lotion. Other plastic formats, such as squeeze tubes and jars, will gain ground based on demand for packaging that can provide shelf differentiation. Plastic bottles will still continue to hold the largest share of the total market.

Research Analysis

The global Cosmetic Bottle Packaging Market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of cosmetic bottle packaging market is influenced by the long-term air quality and climate goals. The development of new and diversified technologies is creating exciting oppo rtunities within the packaging industry. The increased demand, globally, for airless tubes and the availability of high-quality printing at a very low cost are major driver for the global cosmetic bottle packaging market. Some of the key driving factors for cosmetic bottle packaging market are significant growth in packaging industries, coupled with innovative packaging and excellent barrier properties. The increasing adoption of lightweight rigid plastics is one of the key drivers propelling the growth of this market in the coming years. Lightweight packaging is becoming, increasingly, popular among the consumers as it helps in the significant reduction of transportation and carriage costs, leading to increased profits. The cosmetics and oral care segment is expected to witness huge growth in the future due to improved lifestyle, globally.

Key Players

The key players of global cosmetic bottle packaging market includes Amcor Ltd. (Australia), Albea Group (Luxembourg), CCL Industries (Canada), Sonoco Products Company (U.S.), Sinclair & Rush, Inc. (U.S.), Essel Propack Ltd (India), Huhtamaki (Finland), Montebello Packaging (Canada), World Wide Packaging LLC (U.S.), Unette Corporation (U.S.) and others.

Regional Analysis

On the basis of regions, Asia Pacific accounted for majority of the market share; will continue to dominate the market in the forecast period. Rapid economic growth and increase in disposable income resulted in changing lifestyle patterns in emerging countries, such as China, India, and Brazil. China cosmetic bottle packaging market is expected to have new growth opportunities over the coming years. Improving disposable income, rising information, and changing standard of living have augmented the demand for cosmetic bottle packaging products, positively impacting the cosmetic bottle packaging market.

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