The global eye cosmetic packaging market is on a steady growth trajectory, valued at USD 1.6 billion in 2022 and projected to reach USD 2.4 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 4.6%. This expansion is driven by the increasing demand for innovative and durable packaging solutions in the burgeoning cosmetics industry.
Bottles to Dominate, Top 3 Countries Leading Sales
Among product types, bottle sales are expected to dominate the market, bolstered by their versatility and widespread use in eye cosmetic products such as eyeliners, mascaras, and serums. The top three countries are forecasted to account for 25-30% of the global market share by the end of 2022, underscoring the significant role of regional players and targeted innovations.
Plastic Material Emerges as the Preferred Choice
Plastic continues to reign as the leading material in eye cosmetic packaging. Key reasons for its dominance include:
- Enhanced Shelf-Life: Plastic provides excellent protection against external factors, ensuring longer product usability.
- Durability: Lightweight yet sturdy, plastic packaging is ideal for everyday use.
- Cost-Effectiveness: Economical production and material availability make it a preferred choice for manufacturers.
Request for a Sample: https://www.fmisamplereport.com/sample/rep-gb-3574 In 2021, the global eye cosmetic packaging market generated revenue totaling US$ 1.5 Billion, signaling a robust foundation for future growth. With increasing demand from a diverse range of cosmetic brands and evolving consumer preferences, the market is poised for exponential expansion in the coming years. By 2032, the market is forecasted to achieve a remarkable valuation of US$ 2.4 Billion, fueled by a steady compound annual growth rate of 4.6%.
Furthermore, the top three countries are anticipated to command a substantial share, estimated to hold around 25-30% of the market by the end of 2022, underscoring the global nature of this burgeoning industry.
Key Players
Some key players of eye cosmetic packaging market are
- Amcor Limited,
- HCP Packaging,
- Cosmopak, 3C Inc,
- Alpha Packaging,
- Color Carton Corporation,
- ChingFon Industrial Co., LTD,
- Anomatic,
- Arcade Beauty,
- APC Packaging,
- Epopack Co., Ltd,
- AptarGroup,
- Libo Cosmetics Co., Ltd,
- Quadpack Group.
Eye Cosmetic Packaging Market: Regional Outlook
North America region is expected to lead the eye cosmetic packaging market over the forecast period due to its large consumer base for eye cosmetic. APEJ and Latin America region is expected to deliver rapid growth for the eye cosmetic packaging market over the forecast period owing to the densely populated areas within the region and the rise of the disposable income especially in the emerging economies such as China, India, and Brazil.
The growth of the eye cosmetic packaging market in the Eastern & Western Europe is expected to be sluggish over the forecast period.
What Augment the Demand for Eye Cosmetic Packaging in the U.S.?
The U.S. eye cosmetic packaging market is anticipated to expand 1.6 times the current market value during the forecast period. According to Cosmetic Europe – the Personal Care Association, the retail sales price of the U.S. cosmetic and personal care market accounted for US$ 94 Bn in 2021. The expanding cosmetic and personal care industry in the U.S. is estimated to augment the demand for eye cosmetic packaging.
Access Full Report:
Eye Cosmetic Packaging Market by Category
By Material:
- Plastic
- Glass
- Paper & Paperboard
- Metal
By Product Type:
- Bottles
- Jars
- Tubes
- Boxes
- Others (Dispenser Pumps, Stick Pen, etc.)
By Distribution Channel:
- Online
- Offline
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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