Market analysts Research and Markets reports that the Global Cosmetic Packaging market is expected to reach $3,980.81 million by 2026, growing at a CAGR of 5.9% during 2018 to 2026. The researcher defines cosmetic packaging as “the casing or primary packaging of cosmetics in packaging products, such as bottles, cans, pouches, tubes, bags and jars among others.” The major packaging materials considered within the scope of the study include plastic, metal and glass.
Changes in materials used may lie ahead. According to the study findings, “vendors have been observed to move toward adopting recyclable and eco-friendly packaging products due to growing environmental concerns among consumers.
Urbanization and growing awareness about personal grooming have led to the expansion of the consumer base for cosmetic products. Increasing demand for convenient packaging, growing focus toward grooming and personal appearance in male cosmetics, increased daily use of personal care products and rising aging population are the major drivers favoring the market growth. However, fluctuations in raw material prices are restraining the market growth.”