The scope of our recent study on "Cosmetic Packaging Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Tubes, Bottles, Jars, Pumps and Dispensers, and Others), Material (Glass, Plastic, Paper, Metal, and Others), and Application (Skin Care, Hair Care, Oral Care, and Others)" consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

The cosmetic packaging market was valued at US$ 31,064.7 million in 2021 and is projected to reach US$ 43,597.9 million by 2028; it is expected to grow at a CAGR of 5.0% from 2021 to 2028. Primary and secondary cosmetic packaging is used in the cosmetic industry to protect the products from damage. The growing cosmetic industry propels the demand for cosmetic packaging. Moreover, the increasing trend of green packaging, especially in developed regions such as Europe, has increased the demand for flexible cosmetic packaging, contributing to the overall market growth.

Based on material, the global cosmetic packaging market is segmented into glass, plastic, paper, metal, and others. The paper segment held the largest share of the market in 2020. Paper is one of the most recyclable materials. Paper containers are made of renewable resources, such as paper and paperboard, which provide distinct environmental sustainability credentials. Paper packaging offers various advantages such as easy processing, low cost, suitable for printing, lightweight, foldable, harmless, tasteless, and pollution-free. Manufacturers have widely used paper packaging as it provides convenient storage and functional packaging, which is appealing and easy to carry. Additionally, paper packaging offers convenience as well as visibility for the brands.

The global cosmetic packaging market is segmented into five main regions- North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. In 2020, Asia Pacific accounted for the largest share of the market. Many Asia Pacific countries, such as China and India, have world's fastest-growing populations. The cosmetics industry is one of the rapidly growing industries in the region. The increasing inclination of women toward cosmetic and makeup products and rising influence of western culture and trends drive the growth of the cosmetic packaging market. Moreover, availability of wide range of cosmetic products in the market is also expected to bolster the market growth in the region during the forecast period.

Impact of COVID-19 Pandemic on Cosmetic Packaging Market

With the COVID-19 outbreak across the world, most countries declared a health emergency and stopped nonessential movements. According to L'oreal estimates, the cosmetic industry recorded a growth rate of -8% in 2020 due to the negative impact of the COVID-19 pandemic. The shutdown of manufacturing units and the distribution facilities, such as supermarkets and hypermarkets, convenience, and specialty stores, has declined the demand for cosmetics, which, in turn, restrained the cosmetic packaging market. During the initial stages of the COVID-19 pandemic, the cosmetic packaging manufacturers were forced to either scale back or halt the production temporarily, which had a major impact on the cosmetic packaging market. However, businesses are gaining ground as the governments of various countries eased out the previously imposed restrictions. Therefore, the cosmetic packaging market is expected to grow consistently during the forecast period.

The report includes the segmentation of the global cosmetic packaging market as follows:

By type, the cosmetic packaging market is segmented into tubes, bottles, jars, pumps and dispensers, and others. By material, the market is segmented into glass, plastic, paper, metal, and others. By application, the cosmetic packaging market is segmented into skin care, hair care, oral care, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The cosmetic packaging market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the rest of Europe. The market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and the rest of Asia Pacific. The cosmetic packaging market in Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the rest of MEA. The market in South and Central America is subsegmented into Brazil, Argentina, and the rest of South and Central America.

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