- According to Transparency Market Research’s latest market report on the metal cosmetic packaging market for the historical period of 2014-2018 and forecast period of 2019-2027, the increased demand for food, beverages, and consumer packaging is estimated to drive the growth of the metal cosmetic packaging market.
- Globally, revenue generated by the metal cosmetic packaging market has been estimated to reach ~ 4.4 Bn in 2019, and is expected to expand at a CAGR of ~ 4% in terms of value throughout the forecast period.
Metal Cosmetic Packaging with Aesthetic Appeal through 3D Printing
- The global hair care and skin care industries are growing at high annual growth rates. Anti-ageing creams, shampoos, and hair conditioners are some of the products driving the growth of the global metal cosmetic packaging market.
- A majority of metal cosmetic packaging manufacturers are concentrating on the Asia Pacific region. Changing lifestyles and increasing disposable incomes are propelling the demand for cosmetics from this region.
- Anti-ageing beauty products are expected to boost the demand for metal cosmetic packaging solutions. Consumers, mainly from the ageing population, are inclined towards cosmetic products that improve their overall appearance.
- One of the major trends observed in the metal cosmetic packaging market is 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 product offerings. 3D printing gives an aesthetic look to cosmetic products, and is generally used to package cosmetics, especially fragrances and shampoos. Its added advantage is the aesthetic look that attracts consumers.
Looking for exclusive market insights from business experts? Request a Custom Report here
Demand for Cosmetics from Commercial Setups Propelling Market Growth
The growing desire of people to look beautiful is driving the demand for cosmetics, and subsequently metal cosmetic packaging. An increasing number of related commercial setups such as salons and beauty parlors is driving the demand for metal cosmetics packaging. Factors such as changing lifestyles of people, services provided by beauty and wellness industries, and increasing middle-class population in the developing countries of the Asia Pacific region are expected to drive the growth of the global metal cosmetic packaging market during the forecast period.
The hair care segment is anticipated to expand at a high CAGR of ~ 5%, in the metal cosmetic packaging market, during the forecast period. The skin care application segment is expected to be prominent in the overall metal cosmetic packaging market throughout the forecast period, by value and volume. Recent trends 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 cosmetics, worldwide, especially in APAC and Latin America. Packaging helps in driving impulse buying and enhancing shelf appeal as well as consumer satisfaction.
Metal Cosmetic Packaging Market: Segmentation
The global metal cosmetic packaging market has been segmented into five regions, i.e. North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). On the basis of product, the global metal cosmetic packaging market is segmented into tubes, bottles, pumps & dispensers, and others. On the basis of material, the global metal cosmetic packaging market is segmented into aluminum and tin. On the basis of application, the global metal cosmetic packaging market is segmented into skin care, hair care, makeup, and nail care. On the basis of capacity, the global metal cosmetic packaging market is segmented into lesser than 5 ml, 5 ml – 10 ml, 11 ml – 15 ml, and above 15 ml. Asia Pacific dominates the metal cosmetic packaging market in terms of value as well as volume. The APAC metal cosmetic packaging market share is prominently held by China and Japan. The Europe metal cosmetic packaging market is anticipated to expand by a CAGR of ~ 3% during the forecast period. The U.K. and Germany are major contributors to the Europe metal cosmetic packaging market.
Want to know the obstructions to your company’s growth in future? Request a PDF sample here
Metal Cosmetic Packaging Market: Competition Landscape
Some of the key players in the global metal cosmetic packaging market that are included in the report are
- Aptar Group Inc.
- RPC Group Plc
- Libo Cosmetics Company, Ltd
- Quadpack Industries
- HCP Packaging
- Fusion Packaging
- Swallowfield Plc
- Crown Holdings, Inc.
- Albea S.A.
- Linhardt GmbH & Co. KG
Read Our Latest Press Release:
