The global sales of injection moulding cosmetic packaging market are estimated to be worth USD 14.0 billion in 2021 and are anticipated to reach a value of USD 20.9 billion by 2031. Sales are projected to rise at a CAGR of 4.1% over the forecast period between 2021 and 2031. The revenue generated by Injection moulding cosmetic packaging market in 2020 was USD 13.5 billion.
The growing demand from industries like cosmetics, beverages, and personal care for more appealing and durable packaging drives the Injection moulding cosmetic packaging market. The surge in premium product branding, where metallic and colourful finishes provide heightened levels of shelf appeal, propels further growth.
Development in foil production technology, involving more versatile and eco-friendly options, is yet another critical driver. Besides this, the growing use of hot stamping foils for security features in documents and packaging boosts demand.
Further, increasing consumer awareness about eco-friendly packaging solutions forces manufacturers to produce recyclable and biodegradable foils. The continued rise of e-commerce and high-value merchandise markets keeps driving demand for higher-quality and appealing packaging materials.
Global Injection Moulding Cosmetic Packaging Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 13.5 billion |
| Estimated Size, 2021 | USD 14.0 billion |
| Projected Size, 2031 | USD 20.9 billion |
| Value-based CAGR (2021 to 2031) | 4.1% |
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Cosmetics are quite valuable, but they are also very perishable. It's important to note that the preservation of a packed product is dependent on the features of the packing material as well as suitable packaging, transport, storage, and distribution conditions.
Sustainably produced raw materials are being introduced into the cosmetics industry not only as cosmetic ingredients but also as packaging materials. The market is expanding due to a rise in cosmetic product use. As the demand for eco-friendly cosmetic packaging grows, customers anticipate sustainable packaging in cosmetics items.
Furthermore, the market is being driven by an increased focus on innovation and appealing packaging. Cosmetic firms are using novel packaging solutions such as recyclable plastic and compostable and biodegradable plastics in response to rising consumer demand for practical and user-friendly dispensing systems and products.
To fulfil diverse packaging needs, cosmetic packaging comprises a range of glass and plastic cosmetic jars. The demand for skincare product packaging is increasing as there are a variety of packaging solutions for cosmetic products to fit diverse product forms and compositions.
Furthermore, injection moulding cosmetic packing sales are also being driven by technological advancements such as airless skincare packaging and 3-D printing technologies. Advanced and prominent printing methods, such as hot-stamp foil printing and flexo-offset printing, are allowing manufacturers to create unique and eye-catching skincare packaging for their cosmetic brands, which is driving the injection moulding cosmetic packing market forward.
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As per the regional analysis in North America, the USA account for a noteworthy share of the market. Ongoing health and sustainability trends that expand customer interest in personal care goods are some of the factors supporting the injection moulding cosmetic packaging industry's expansion in the region.
In addition, following the worldwide trend, the cosmetics market is seeing an increase in demand for premiumization. As a result, the demand for innovative and premium packaging is increasing.
Skincare, on the other hand, is a need-based and high-penetration category with items that produce regular and continuous usage, which serves to shield the category to some extent. Growing awareness of cleanliness and rising aspects such as self-care will drive demand for injection moulding cosmetic packaging in the United States and Canada.
Some of the important factors driving market expansion in the region are the increasing usage of innovative technology for cosmetic packaging and the growing trends in skincare and beauty goods. In recent years, the European cosmetics market has been one of the fastest-growing sectors, owing to an increasingly engaged customer base.
The selling of luxury cosmetic packaging increased significantly in the European market. As a result, Cosmetics packaging manufacturers in the region are continuously investing in the creation of sustainable caps and closures, which will aid the entire industry's long-term success.
Aptar Beauty + Home, for example, announced the debut of a dispensing cap in the European market in February 2019. This seal is made up of 50% post-consumer recycled resin (PCR), which will help the company maintain a stronghold in the steadily rising cosmetic packaging market.
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Some of the leading manufacturers and suppliers of injection moulding cosmetic packing include
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an 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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Injection Moulding Cosmetic Packaging Market
