The Europe Cosmetic Packaging Market would witness market growth of 4.0% CAGR during the forecast period (2022-2028).
The cosmetics sector is quickly expanding in both developed and developing countries. Consumers' disposable incomes are rising, and their preferences are shifting toward premium beauty and cosmetics products. Green, organic, and cleaner cosmetics are becoming increasingly popular among consumers. While cosmetics companies are improving their product design, they are also effectively branding their products through inventive packaging in order to attract more customers.
The majority of cosmetics goods are temperature and sunlight sensitive, necessitating the development of efficient and smart packaging solutions for cosmetic items that meet the requirements while maintaining design and appeal. The shelf life of cosmetics is mostly determined by the container material and the formulation of the product. The packaging material is chosen based on its compatibility with the formulation as well as the needs of the consumer. Cosmetic items typically have a shelf life of 1-3 years; therefore, it is critical to extending the shelf life of these products. These items are carried over large distances and may remain unsold in stores for an extended period of time.
Beauty and wellness goods, techniques, and treatments that were formerly solely available to the wealthy and famous are now becoming more widely available, due to the efforts of social media influencers, makeup artists, and vloggers. The latest beauty and health trends have never been more accessible owing to social media platforms like Instagram. The beauty and health market continues to grow at a quick pace, exceeding many other retail sectors, and is expected to reach a value of £26.7 billion by 2022.
The live firms that have emerged in the last ten years reflect this desire. The proportion of registered real companies employing the term 'beautiful' has increased dramatically — substantially more than any other word. The cosmetics and personal care business is predicted to contribute at least €29 billion in added value to the European economy each year. Cosmetics manufacturing contributes €11 billion directly and €18 billion indirectly through the supply chain (Eurostat 2015).
The Germany market dominated the Europe Cosmetic Packaging Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,202.7 million by 2028. The UK market is estimated to grow at a CAGR of 3.2% during (2022 - 2028). Additionally, The France market would witness a CAGR of 4.8% during (2022 - 2028).
Based on Material Type, the market is segmented into Plastic, Glass, Metal, and Paper Based. Based on Application, the market is segmented into Skin Care, Hair Care, Perfume, Oral Care, and Others. Based on Packaging Type, the market is segmented into Bottles, Dispensers, Tubes, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cosmetic Packaging Market will Hit $47.7 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Albéa Group, HCP Packaging (Shanghai) Co. Ltd., TriMas Corporation, Graham Packaging Company, Amcor Plc, Sonoco Products Company, Huhtamaki Oyj, Berry Global Group, Inc., Aptar Group, Inc., and Gerresheimer AG.
By Material Type
By Application
By Packaging Type
By Country
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