The global eye cosmetic packaging market is witnessing a significant surge, with projections indicating a substantial valuation of US$ 1.6 Billion in 2022, poised to escalate at a noteworthy CAGR of 4.6% over the forecast period, ultimately reaching a valuation of US$ 2.4 Billion by 2032. This robust growth trajectory is attributed to several key factors driving the demand for eye cosmetic packaging worldwide.
Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-3574
The latest insights from Future Market Insights (FMI) highlight the burgeoning demand for eye cosmetic packaging, with the plastic segment emerging as the dominant material choice among manufacturers. Plastic packaging offers unparalleled advantages such as enhanced shelf-life, durability, and cost-effectiveness, which have propelled its adoption among eye cosmetic brands globally. It is anticipated that the plastic segment will maintain its leadership position throughout the forecast period, bolstered by its easy availability and superior properties.
In 2021, the global eye cosmetic packaging market generated revenue totaling US$ 1.5 Billion, signaling a robust foundation for future growth. With increasing demand from a diverse range of cosmetic brands and evolving consumer preferences, the market is poised for exponential expansion in the coming years. By 2032, the market is forecasted to achieve a remarkable valuation of US$ 2.4 Billion, fueled by a steady compound annual growth rate of 4.6%.
Furthermore, the top three countries are anticipated to command a substantial share, estimated to hold around 25-30% of the market by the end of 2022, underscoring the global nature of this burgeoning industry.
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,
- Anomatic,
- Arcade Beauty,
- APC Packaging,
- Epopack Co., Ltd,
- AptarGroup,
- Libo Cosmetics Co., Ltd,
- Quadpack Group.
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.
Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/3574
Eye Cosmetic Packaging Market by Category
By Material:
- Plastic
- Glass
- Paper & Paperboard
- Metal
By Product Type:
- Bottles
- Jars
- Tubes
- Boxes
- Others (Dispenser Pumps, Stick Pen, etc.)
By Distribution Channel:
- Online
- Offline
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube