Cosmetic & Toiletry Containers Market Size, Share, Growth, and Industry Analysis, By Type (Bottles, Tubes, & Others), By Downstream Industry (Offline & Online) and Regional Forecast to 2032

Updated On: 04 November 2024

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COSMETIC & TOILETRY CONTAINER MARKET REPORT OVERVIEW

The Cosmetic & Toiletry Containers Market Size is Projected to be worth US$ 2199.1 Million in 2023, Market is likely to Surpass US$ 2926.82 Million by 2032 at a CAGR of 2.9% During the Forecast period [2024-2032].

Cosmetic & toiletry containers are a variety of packaging forms. It is used for storing and preserving the various personal care commodities. These items are manufactured to guard the contents from defile, degradation, and external spoilage. It facilitates easy to use and application for end-consumer. They are available in diverse shapes. The canister is of different types which can cater to the specific requirements of diverse beauty products and customer needs.

Rising demand for high-quality products and increasing consciousness on personal grooming and beauty care are behind the market growth. Fast adoption of highly developed expertise there are plenty of opportunities to grow in the market.

COVID-19 Impact: Market Growth Fluctuated by Pandemic due to Lockdown Impositions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic had affected all industries. Due restrictions on the transportation and limitation in the people gathering and beginning to reside in the house, has hampered the manufacturing processes. Shutting down many manufacturing units and movement of goods, has affected the supply chain. There is shortage of raw material and delay in the production of the products and components. This has resulted in decline in demand for toiletry containers. Conversely, with the economy progressively recovering and consumer needs shifted towards online purchasing and contactless delivery has increased market growth. The market is expected to bounce back with new growth opportunities in e-commerce and digital market strategies.

LATEST TRENDS

"Integration of Eco-friendly Materials in Packaging Propelling Market Expansion"

Present trend in the market which is boosting market progress is the incorporation of ecological casing substances for containers. The shifting towards sustainable packaging materials such as recycled plastics, and biodegradable resources are raising demand for toiletry containers. Additionally, companies are using smart technologies such as QR codes, RFID tags, and digital printing to offer interactive, informative, and appealing packaging solutions.

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COSMETIC &TOILETRY CONTAINER MARKET SEGMENTATION

By Type

Based on type the market can be categorized into bottles, tubes, & others.

• Bottles: Bottles are suitable for prestige packaging of cosmetics and skincare items.

• Tubes: This type of packaging is a foldable container that is used for viscous and liquids type of products.

• Others: There are many other types of packaging available for cosmetics such as jars, PET, and other.

By Downstream Industry

Based on downstream industry the market can be categorized into offline & online.

• Offline: The products are available on offline markets such as retail stores, beauty wholesaler, direct sales, and other.

• Online: Online retailers are gaining popularity due to the convenience they offer in purchasing paint poles directly from their websites.

DRIVING FACTORS

"Increasing Demand for Premium Cosmetics Products Propel Market Expansion"

One of the attributes for the cosmetic toiletry containers market growth is growing demand for premium and cosmetic items. These expensive products are known for their superior quality and special ingredients. They rely a lot on packaging to express a sense of sophistication and brand prestige. Key aspects for the increasing request for the products is the aspirational consumer mainly millennials and GenZ. Quality brands fulfill these potential with high-quality materials, innovative formulations and lavish packaging that feature elegant designs and lavish finishes.

"Rising Adoption of Hand-craft and DIY Products Impelling Market Growth"

Another growing factor for increasing market growth is the rising adoption of handcraft and DIY products. They are encouraging demand for the container and expanding the market growth. The end-user preference for natural products is encouraging young entrepreneurs to start their own handmade beauty product chains. Fragrances, scrubs, and creams, and different hair products are generating higher demand for such containers as storage materials and consequently the market is expanding.

RESTRAINING FACTOR

"Complexity and Expenses Related with Sustainable Packaging Option Impede Market Growth"

Limiting factor for the market growth is the expenses and complexities of the sustainable packaging impeding the market growth. The cost of sustainable materials typically exceeds that of traditional material due to high raw material costs and smaller production scales. Bio-based plastics usually cost more than conventional plastic. Recycling complexities and the need for consumer awareness on proper disposal methods complicate the adoption of sustainable packaging. Sustainable materials may also differ in performance and require rigorous testing to maintain product integrity and shelf life. The market has numerous sustainable options and making it difficult for brands to choose the effective and economical solution are hindering market growth.

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COSMETIC & TOILETRY CONTAINER MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific Dominates the Market due to Growing Beauty and Personal Care Industry"

The Asia Pacific region is dominating the cosmetic toiletry containers market share due to the growing beauty and personal care industry in the region. China, Japan, South Korea, and India are the key contributors to the market enlargement. Increasing urban population and increasing spending income are enhancing demand for products from the end-user.  Developing urban lifestyle preferences is enhancing demand for cosmetic products in the region and hence increasing market reach. Companies are expanding their production units and distribution networks to capitalize on the booming market opportunities in the region.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Asset Appraisal Service Landscape through Innovations in Services and Strategy Partnership"

Many prominent industry players are operating in this market focused on developing innovative packaging solutions that are not only aesthetically appealing but also environmentally friendly to be in the competition. There are many companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

LIST OF MARKET PLAYERS PROFILED

• CKS Packaging (Georgia)
• Aman Industry (India)
• Sligan Holdings (U.S.)
• Jiangxi Forever Packaging (China)
• Berry Global (U.S.)
• Amcor Limited (Australia)
• B & I Polycontainers (Gauteng)

INDUSTRIAL DEVELOPMENT

May 2022: Amcor Limited launched a latest line of post-consumer recycled plastic tubes for the beauty and personal care industry. The PCR tubes are produced from recycled plastic waste and provide more sustainable packaging options to reduce their environmental impact.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global asset appraisal service market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.