The new report by Expert Market Research titled, ‘Global Metal Cosmetic Packaging Market Report, Size, Share, Analysis, Outlook and Forecast 2023-2028’, gives an in-depth analysis of the global metal cosmetic packaging market, assessing the market based on its segments like products, capacities, material types, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 5.2%
Metal cosmetic packaging is considered as eco-friendly and easy to handle. In this regard, the stringent regulations of the government aimed towards reducing the emission of carbon in the packaging sector are propelling the market growth.
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Over the forecast period, the increasing demand for cosmetic products owing to the increasing hygienic awareness, rising beauty consciousness, and rising disposable income, is anticipated to accelerate the demand for metal packaging products. In terms of region, the Asia Pacific region accounts for a significant share in the market owing to the large cosmetic product consumers in emerging economies such as India and China.
Metal Cosmetic Packaging Industry Definition and Major Segments
Metal cosmetic packaging is defined as a type of packaging which involves strong metals such as aluminium or steel. This type of packaging is compatible with cosmetics of any shape or size and can offer high protection to the sensitive cosmetic products.
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On the basis of product, the market can be segmented into:
- Pumps and Dispensers
Based on capacity, the market has been categorised into:
- Lesser than 5 ml
- 5 ml – 10 ml
- 11 ml – 15 ml
- Above 15 ml
The major material types included in the market are as follows:
The significant applications included in the market are as follows:
The regional markets for metal cosmetic packaging include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Metal Cosmetic Packaging Market Trends
The key trends in the metal cosmetic packaging market include the emerging e-commerce industry, which is propelling the sales of high-quality cosmetic products along with the option of door-step delivery. The growing research and development activities by the major cosmetic manufacturers aimed towards bringing innovative cosmetic products in the market are also likely to be the crucial trends in the market propelling the popularity of the product.
Moreover, the aggressive branding and promotion of major cosmetic products by the advertising companies in the emerging economies is likely to be another major trend in the market.
Key Market Players
The major players in the market are AptarGroup, Inc., Quadpack Industries, S.A., HCP Global Cosmetics Packaging, APackaging Group (APG), and Albéa Services S.A. S, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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