In 2022, the market for make-up products is expected to be worth USD 53.46 billion. From 2022 to 2032, a CAGR of 4.15% is predicted for the market. According to estimates, the cosmetic packaging market will be worth USD 79.36 billion.
As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Make-Up Products Packaging market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Make-Up Products Packaging Market in the coming 10 years.
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The report conducts an in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Make-Up Products Packaging
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Make-Up Products Packaging market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Takeaways and Projections:
- The U.S. is expected to lead the North America Make-Up Products Packaging market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Report Benefits & Key Questions Answered
- Make-Up Products Packaging Historical Market Analysis: The detailed survey by FMI, examines key factors in the Make-Up Products Packaging market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Make-Up Products Packaging market for the forecast period 2022-2032.
- Make-Up Products Packaging Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Make-Up Products Packaging for the assessment period. As per the study, the demand for Make-Up Products Packaging will grow at a robust CAGR between 2022 and 2032.
- Make-Up Products Packaging Market Trend Analysis: The latest study by FMI on the Make-Up Products Packaging market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Make-Up Products Packaging market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Key players:
Some of the key players operating in the global make-up products packaging market are as follows EPOPACK Co., Ltd., The Packaging Company, Albéa S.A., Libo Cosmetics Company, Ltd., HCP Packaging, RPC Group Plc, Gerresheimer AG, AptarGroup, Inc. AREXIM Packaging, Fusion Packaging, Cosmopak Corp., and World Wide Packaging among others.Many local and unorganized players are expected to contribute to the global make-up products packaging market during the forecast period.
Regional Outlook:
Geographically, the global make-up products packaging market has been divided into seven key regions as- North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excl. Japan, Middle East & Africa, and Japan. Asia Pacific market has immense opportunities for make-up products packaging as the make-up products market is far from being saturated.
Europe and North America regions have an established market for make-up products which is expected to further fuel the demand for make-up products packaging during the forecast period.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Market Segmentation:
On the basis of Product Type:
- Tubes
- Bottles
- Pumps & Dispensers
- Sticks
- Brush Pens
- Palettes
- Cans
- Jars & Pots
On the basis of Capacity:
- Below 5 ml
- 5-10 ml
- 10-30 ml
- 30 ml and above
On the basis of Material Type:
- Glass
- Metal
- Plastic
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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