Cosmetic Packaging Industry Statistics

In this post, we will explore key statistics and trends in the cosmetic packaging industry. From the significant market size and growth projections to consumer preferences and regional dynamics, the data sheds light on various aspects shaping the industry’s landscape. Let’s dive into the numbers that highlight the global scenario of cosmetic packaging and its impact on consumer behavior and market trends.

Statistic 1

"The global Cosmetic Packaging market was worth USD 24.86 billion in 2017."

Statistic 2

"The cosmetic packaging industry is expected to grow at a CAGR of 4.8% from 2020 to 2027."

Statistic 3

"Plastic is the most widely used material in cosmetic packaging, holding a 61.1% market share."

Statistic 4

"The skincare segment holds the largest share of the cosmetic packaging market, with a value of USD 8.6 billion in 2019."

Statistic 5

"Europe dominates the cosmetic packaging industry, with a market share of 30.6%."

Statistic 6

"74% of US consumers say packaging design influences their buying decision."

Statistic 7

"Tube packaging is projected to be the fastest-growing segment in the market with a CAGR of 5.5% from 2019 to 2025."

Statistic 8

"China is the biggest consumer of cosmetic packaging materials, making up around 30% of the total market share."

Statistic 9

"About 56% of US buyers say that they would like to see more sustainable packaging in the cosmetics industry."

Statistic 10

"There is an estimate that 120 billion units of packaging are produced every year by the global cosmetics industry."

Statistic 11

"Glass in cosmetic packaging is expected to grow at a CAGR of 3.5% from 2020 to 2027."

Statistic 12

"North America holds the second largest share in the cosmetic packaging market."

Statistic 13

"The lipstick packaging market is estimated to reach $3.98 billion by 2024."

Statistic 14

"Over 80% of cosmetics companies consider in-house manufacturing of packaging."

Statistic 15

"Metal cosmetic packaging is expected to witness the highest growth of 5.1% CAGR by 2025."

Statistic 16

"The global market for rigid plastic cosmetic packaging could exceed $25 billion by 2024."

Statistic 17

"Around 70% of consumers aged 18-25 prefer eco-friendly packaging for cosmetics."

Statistic 18

"The Asian market, especially, China and India, are expected to witness significant growth in the cosmetic packaging industry due to increase in urbanization and consumer purchasing power."

Statistic 19

"Folding carton segment in the cosmetic packaging industry is anticipated to grow at a 5.1% CAGR from 2016 to 2024."

In conclusion, the cosmetic packaging industry is a dynamic and flourishing market with significant growth potential in the coming years. Key insights include the dominance of plastic as the primary packaging material, the influence of packaging design on consumer buying decisions, the increasing demand for sustainable packaging solutions, and the projected growth of various segments such as tube packaging, metal packaging, and glass packaging. Regions like Europe, North America, and Asia, particularly China and India, are poised for substantial growth driven by factors like urbanization and rising consumer purchasing power. As the industry evolves to meet consumer preferences and sustainability requirements, innovation and strategic adaptations will be crucial for companies to capitalize on the expanding market opportunities.