The global eye cosmetic packaging market is anticipated to reach a value of US$ 1.6 billion in 2022 and continue to grow at a CAGR of 4.6% to reach US$ 2.4 billion by the year 2032, according to data from Future Market Insights. Sales of bottles for various products are forecast to increase, with the top 3 nations expected to control between 25 and 30 percent of the market by the end of 2022.
Based on the material, it is anticipated that the plastic segment will continue to dominate the other materials used for packaging eye cosmetics. The ease of material availability combined with the advantages of plastic eye cosmetic packaging, such as increased shelf life, durability, and cost-effectiveness, would explain the same.
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Eye Cosmetic Packaging Market: Key Players
Some key players of eye cosmetic packaging market are
- Amcor Limited,
- HCP Packaging,
- Cosmopak, 3C Inc,
- Alpha Packaging,
- Color Carton Corporation,
- ChingFon Industrial Co., LTD,
- Arcade Beauty,
- APC Packaging,
- Epopack Co., Ltd,
- Libo Cosmetics Co., Ltd,
- Quadpack Group.
Eye Cosmetic Packaging : Market Dynamics
Packaging manufacturers catering to diverse industries not only have to provide packaging and storage solutions but also have to consider the role of packaging in branding and product attractiveness. Eye cosmetic packaging market is directly co-related to the cosmetic packaging industry. The cosmetic packaging industry is estimated to be over US$ 30 billion which is expected to grow at a growth rate of 4% over the forecast period.
Eye cosmetics being a luxury product, the demand for eye cosmetic packaging market is influenced by the rise of the disposable income of the consumers in emerging economies. The concern among young urban class with respect to their looks and appearance is an important factor attributing to the increase in consumption of the eye cosmetics hence boosting the eye cosmetic packaging market.
Earlier people used to wear makeup occasionally, but now they are using makeup on a regular basis which is supporting the demand for eye cosmetic packaging market. The increasing number of the working women is widening the base of the consumers of eye cosmetics contributing to the eye cosmetics packaging market.
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Eye Cosmetic Packaging Market: Regional Outlook
North America region is expected to lead the eye cosmetic packaging market over the forecast period due to its large consumer base for eye cosmetic. APEJ and Latin America region is expected to deliver rapid growth for the eye cosmetic packaging market over the forecast period owing to the densely populated areas within the region and the rise of the disposable income especially in the emerging economies such as China, India, and Brazil.
The growth of the eye cosmetic packaging market in the Eastern & Western Europe is expected to be sluggish over the forecast period.
What Augment the Demand for Eye Cosmetic Packaging in the U.S.?
The U.S. eye cosmetic packaging market is anticipated to expand 1.6 times the current market value during the forecast period. According to Cosmetic Europe – the Personal Care Association, the retail sales price of the U.S. cosmetic and personal care market accounted for US$ 94 Bn in 2021. The expanding cosmetic and personal care industry in the U.S. is estimated to augment the demand for eye cosmetic packaging.
Eye Cosmetic Packaging Market by Category
By Material, Eye Cosmetic Packaging Market is Segmented as:
- Paper & Paperboard
By Product Type, Eye Cosmetic Packaging Market is Segmented as:
- Others (Dispenser Pumps, Stick Pen, etc.)
By Distribution Channel Eye Cosmetic Packaging Market is Segmented as:
By Region, Eye Cosmetic Packaging Market is Segmented as:
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
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