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Global Metal Cosmetic Packaging Market was Valued at US$ 4.4 Bn in 2019 and it is Expected to Reach More than US$ XX Bn by 2028, Likely to Grow with the CAGR of 4% During the Forecast Period.
In the metal cosmetic packaging market, various manufacturers are focusing on the launch of sustainable and eco-friendly packaging for cosmetics, which has been one of the major factors boosting the growth of the market. Also, metal packaging is easily recyclable and therefore, it is gaining popularity among cosmetic product manufacturers.
Lightweight packaging is a common and fast-growing trend witnessed in the market. Various cosmetics brand owners and packaging manufacturers are adopting strategic initiatives tp reduce their environmental footprint, thereby improving their sustainability credentials, while also reducing overall costs. By producing more lightweight metal cosmetic packaging, less material is utilized, this also ultimately reduces the energy consumption for logistic and distribution purposes. These factors are boosting the growth of metal cosmetics packaging market during the forecast period.
The global skincare and hair care markets are growing at high annual growth rates. The rapid adoption of Anti-ageing creams and hair conditioners are some of the products driving the growth of the global metal cosmetic packaging market. Anti-ageing beauty products are expected to increase the demand for metal cosmetic packaging solutions. Consumers, mainly from the ageing population, prefer cosmetic products that improve their overall appearance.
Other factors that boost the growth of the market are the usage of 3D printing technology to increase the appeal of metal cosmetic packaging. Key players in the metal cosmetic packaging market are introducing 3D printing for metal cosmetics in their products. 3D printing gives an extraordinary look to cosmetic products and is generally used to package cosmetics, especially shampoos and fragrances. New product launches and innovations boost the growth of metal cosmetic packaging market during the forecast period.
Skin Care Had Accounted For A Significant Share of XX% In 2019 And Is Expected To Remain Dominant During The Forecast Period.
The increasing number of related commercial setups such as beauty parlours & salons is driving the demand for metal cosmetics packaging. Factors such as services provided by beauty and wellness industries, changing lifestyle of consumers and increasing middle-class population in the developing countries are expected to drive the growth of the global metal cosmetic packaging market during the forecast period (2020-2028).
Globally, the skincare application segment is expected to be prominent in the metal cosmetic packaging market throughout the forecast period, by volume as well as value. Skin care products in the global cosmetics market show that prices are steadily falling due to the rising competition between market players. This has led to an increase in penetration and rise in per capita consumption of skin care products.
By Product Type, Bottles Is Expected To Witness High Demand during the Forecast Period
In metal cosmetic packaging market, bottles are commonly used by manufacturers for packaging. Bottles protect against germs and are one of the most recycled materials. They can also protect products by guarding against moisture as well as high temperature. For companies trying to convey an environmentally-friendly image, bottles are highly recyclable. Another key advantage is that bottles can be made in a variety of shapes and sizes to avoid waste and can be made as per the requirements of consumers. Overall, bottles are a cost efficient, durable as well as a sustainable solution. Bottle cosmetic containers offer marketers exclusive design options to target the upper price segment.
Asia Pacific Is Likely To Dominate the Global Metal Cosmetic Packaging Market during the Forecast Period
Asia Pacific accounted for a significant share of xx% in 2019 and is expected to remain dominant during the forecast period. A majority of metal cosmetic packaging manufacturers are more concentrating on the Asia Pacific region. In asia pacific region, emerging economies such as China and India are providing a huge opportunity for the growth of the cosmetic industry due to changing lifestyle and increasing disposable income. Thus, increasing demand for cosmetics directly impacts the market in this region, thereby increasing the global market growth in the forecast period. Increasing new key players in the cosmetic industry has led to a rise in innovation in products and packaging in order to gain a competitive advantage. These are some of the key factors that are anticipated to fuel the metal cosmetics packaging market growth in the forecast period.
Some of the key players in the global metal cosmetic packaging market are HCP Packaging, Fusion Packaging, Aptar Group Inc., RPC Group Plc, Libo Cosmetics Company, Ltd, Quadpack Industries, Swallowfield, Crown Holdings Inc., Albea S.A., Linhardt GmbH & Co. KG,
Globally, Key manufacturers in the metal cosmetic packaging market are more focusing on expanding their products in the market through acquisitions and partnerships. Also it has been observed that key players in the metal cosmetic packaging market are increasing their popularity around the globe by participating in exhibitions.
Metal cosmetic packaging Market Segmentation
Global Metal Cosmetic Packaging Market by Application
- Skin Care
- Hair Care
- Nail Care
Global Metal Cosmetic Packaging Market by Product Type
- Pumps & Dispensers
Global Metal Cosmetic Packaging Market by Material Type
Global Metal Cosmetic Packaging Market by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa