The global cosmetics packaging market has grown to US$60.9 billion in five years.

The global cosmetics packaging market is developing rapidly, and the Asia-Pacific region has become the largest market segment.

According to a report recently released by Marketsand Markets, the world’s second largest market consulting company, the global cosmetics packaging market is expected to grow from US$49.4 billion (approximately RMB 345.51 billion) in 2020 to US$60.9 billion (approximately RMB 4259.4) in 2025. 100 million yuan), the compound annual growth rate (CAGR) is 4.03%. The report pointed out that the rapid growth of the global cosmetics packaging industry is mainly due to the growing global demand for cosmetics; the demand for innovation, high-quality and unique packaging design is another key factor for the continued growth of the cosmetics packaging market in the next few years. As far as market segments are concerned, both the amount and quantity of folded paper packaging have grown at the highest compound annual growth rate during the forecast period. The growth of this segment is attributable to the increase in demand for various cosmetic brands. In addition, paper packaging also provides innovative packaging solutions for cosmetic brands because they provide greater flexibility for printing, thereby further providing an impactful visual impact and enhancing the attractiveness of the product. From 2020 to 2025, paper packaging will become the fastest growing part of the cosmetic packaging market. Its growth stems from various factors, such as increased demand for sustainable packaging or green packaging, but the increased demand for environmentally friendly packaging is the most important factor in the growth of this segment. Some time ago, giant companies such as L'Oréal and Procter & Gamble also actively responded to environmental protection initiatives, and carried out plastic reduction activities especially for packaging design.

From 2020 to 2025, the skin care field is expected to become the largest market segment in the cosmetic packaging market. With the increasing awareness of natural cosmetics, consumers also demand "environmentally friendly" product packaging. In order to match the natural and harmless concept of products, businesses also tend to use environmentally friendly packaging. Recently, "natural and organic" and "cleaning and beauty" are gaining momentum, which has further promoted the growth of demand in this market segment. In terms of regions, the Asia-Pacific cosmetic packaging market will contribute the largest market share during the forecast period. Due to the strong demand for cosmetics in Asian countries such as China, India and Japan, the Asia-Pacific region will lead the global market from 2020 to 2025. In these regions, the demand for makeup and skin care is becoming younger, and the uniqueness and innovation of cosmetic packaging are important factors to attract young consumers, and will also promote the overall growth of the cosmetic packaging market in the next few years. The report also investigated the global cosmetic packaging market including major manufacturers such as Amcor PLC (Australia), Berry Global Inc. (USA), Sonoco (USA), Huhtamaki Oyj (Finland), Albea SA (France) and DS Smith PLC (UK) ). Covers various market segments of the cosmetic packaging market, aiming to estimate the market size and growth potential of different market segments based on company, material, application and region.