Packaging material plays a vital role in the packaging industry. Growing concern regarding environmental safety has led companies to adopt reusable and eco-friendly materials for manufacturing makeup packaging products. For instance, Olvine Atelier’s wide range of perfume oil and sea salt spray products are cruelty free and feature appealing eco-friendly glass packaging. The market is expected to reach US$ 11,025.71 million by the end of 2027, at a CAGR of 5.5% over the forecast period, owing to rising awareness about personal care and grooming.

Market Dynamics
Key players are focusing on product launches, in order to expand their consumer base and product portfolio. For instance, in January 2019, Lush opened its first ‘Naked’ shop in the U.K., which was the first plastic packaging- free cosmetics shop in the country. The shop has an abundance of plastic packaging-free cosmetic alternatives in its portfolio ranging from classic to new Naked skincare innovations.
However, stringent government regulations related to makeup packaging products is expected to hamper growth of the global makeup packaging market over the forecast period. For instance, aluminum cosmetic containers should meet ISO 22715 requirements. Moreover, the container must safely store and protect the product from damage. Compared to other material such as glass and plastic, aluminum packaging material does not face regulatory hurdles, as it is considered a solid choice for protecting the product against degradation. Aluminum has higher demand as packaging material by cosmetic industry players, owing to its low cost and sustainability. Aluminum is made of recyclable and lightweight material. Moreover, strength and durability of aluminum makes it easy to meet the FDA, EU, and ISO requirements. For instance, EU cosmetic regulation (EC) NO 1223/2009 introduced a requirement to report on impurities & traces of product safety information and material used for packaging.

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Market Opportunities
Most cosmetic packaging manufacturers are targeting their consumer base in emerging economies such as Nigeria, Brazil, Indonesia, and ASEAN countries. Southeast Asia is a potential market for cosmetics, due to its economic stability and improving lifestyles of the consumers. For instance, according to the World Bank, per capita increased from USD 2,005 in 2018 to USD 2,099 in 2019. Such factors are expected to boost the growth of the cosmetic industry in Asia Pacific during the forecast period.

Major players : Albéa S.A., AptarGroup, Inc., Axilone USA, ShyaHsin Packaging (China) Co., Ltd., Lumson SpA, Toly Group, Cosmopak Corp., Yoshida Industries Co., Ltd., Mitani Valve Co Ltd., HCP Packaging (Shanghai) Co. Ltd., Quadpack Industries, S.A., Kolmar Laboratories, Inc., and others.

Detailed Segmentation:
• Global Makeup Packaging Market, By Material:
◦ Glass
◦ Metal
◦ Plastics
◦ Others (Paper, etc.)
• Global Makeup Packaging Market, By Product Type:
◦ Lip Stick Containers & Tubes
◦ Lip Gloss Containers & Tubes
◦ Cosmetic Pen
◦ Powder Dispensers
◦ Cushion
◦ Bottle With Cap
◦ Bottle With Pump
◦ Compact
◦ Face Stick
◦ Tube
◦ Jar with Cap
◦ Mascara Packaging
• Global Makeup Packaging Market, By Application:
◦ Lip Care
◦ Eye Care
◦ Skin Care
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