The cosmetic tubes and jars market is forecasted to grow at a CAGR of 5.32% over the forecast period of 2019-2026. The demand for cosmetic packaging can be attributed to the growing youth population and increase in demand for cosmetic products across the globe. Cosmetic packaging refers to the casing of cosmetic products such as cans, tubes, pouches, bags, and others. The cosmetic industry faces lower impact from the economic fluctuations and is constantly growing. With the rising penetration of the internet and e-commerce across the world, the demand for cosmetic products has increased.
Owing to the propelling demand for cosmetics from the millennial population who are constantly worried and becoming aware of their body health and beauty looks and have an increasing urge to find a cure to the issue occurring with their hair, face, and body parts. The market growth is attributed to the growing popularity of cosmetics and beauty care products that requires proper storage and attractive packaging.
Many brand owners in the cosmetic industry have shown a preference for multi-layered laminate tubes for the packaging of the product due to their property of providing great barrier protection along with the elimination of creasing. Airless packaging is another trend that is popular in the industry.
By application, the skincare segment is the largest segment of the cosmetic packaging market. This segment is dominating the market due to the growing demand for personal skincare & grooming products across the globe. By geography, Asia-Pacific and the Middle East and Africa accounted for the largest market share in the cosmetic tubes and jars industry. This increase in demand in the respective regions is due to the high disposable income of the population and the growing younger population.
The increasing demand for cosmetic products has led to the entry of several new players in the cosmetic tubes and jars market. Now, to increase their clientele as well as increase their market share in the upcoming years, many of these market players have taken various strategic actions like partnerships and the development of novel solutions, which is expected to keep the market competitive and constantly evolving.
|Growth Rate||CAGR of 5.32% during the forecast period|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Material, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Cosmopak, The Libo Cosmetics Company Ltd, HCP Packaging UK Ltd, Albéa Group, 1DuPont de Nemours, Inc., Mary Kay Inc.|
|Customization scope||Free report customization with purchase|
The cosmetic tubes and jars market has been segmented by type, by material, by applications, and by geography:
The Libo Cosmetics Company Ltd
HCP Packaging UK Ltd
1DuPont de Nemours, Inc.
Mary Kay Inc.
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.