Cosmetic Packaging Machinery Market Size (USD 8.21 Bn) by 2033

The global cosmetic packaging machinery market size reached USD 4.66 billion in 2023 and is projected to hit USD 8.21 billion by 2033, expanding at a CAGR of 5.83% from 2024 to 2033.

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The key players operating in the market are focused on adopting inorganic growth strategies like acquisition to develop innovative cosmetic packaging technology which is expected to drive the growth of the cosmetic packaging machinery market over the forecast period. The global packaging market size is estimated to grow from USD 1.20 trillion in 2022 to reach an estimated USD 1.58 trillion by 2032, growing at a 3.16% CAGR between 2023 and 2032.

Key Takeaways

• North America held a significant share of the market in 2023.
• Asia Pacific is expected to grow at a significant rate in the market during the forecast period.
• By machine type, the form/fill/seal machinery segment dominated the market with the largest share in 2023.
• By application, the skin care segment is expected to grow at significant rate during the forecast period.

Market Overview

A product applied to the body to enhance beauty or conceal a flaw is referred to as cosmetics. These goods can include nail polish, face creams, skin lotions, shampoo, and other cosmetics like lipstick and eye shadow. Under a broad definition, even toothpaste and perfumes may be categorized as cosmetic products. The cosmetics sector uses a wide range of packaging machinery to prepare its products for sale, as well as a vast variety of packaged goods.

A variety of cosmetic packaging machinery options for powders, liquids, and pastes are available due to rapid technology growth because the needs for cosmetic packaging might differ greatly. The market players can provide customer with the ideal cosmetic packaging machinery, be it an auger or a piston machine. The cosmetic filling machinery is used to fill shampoo sachets, nail polish, creams jars, make-up kits, or any other containers. The cosmetics industry is advancing to create cosmetic equipment which can accommodate containers of various sizes and shapes and also able to handle products with varying levels of viscosity.

Brand owners place even greater emphasis on packaging for cosmetic items since they want it to improve the product’s appearance. Cosmetic businesses spend money on packaging since it is a marketing tool and they want the packaging to represent the product. Since their goal is for the customer to be enamoured with the entire thing from the start, the product’s appearance is crucial. Some businesses create packaging that has a similar language to the cosmetics within.

For instance, their packaging would more accurately reflect that their cosmetic product is produced entirely of natural materials if they were to highlight that fact.

The growth of the cosmetics and cosmetic packaging sectors is directly correlated; the former indicates the latter’s expansion. The cosmetic packaging market has expanded and is predicted to continue growing at a rapid pace in the years to come.

A significant part of the cosmetics industry is packaging. It draws customers’ attention and represents the image of the cosmetic products. The success of cosmetic items is directly correlated with their packaging, and the market leader will continue to generate profits in the future. The necessity for superior packaging engineering and premium design has essentially increased due to shifting consumer tastes and preferences for high-end cosmetic items, thereby elevating the importance of cosmetic packaging.

Cosmetic Packaging Machinery Market Current Trends

• Emerging markets for cosmetic packaging machinery is expected to drive the growth of the global cosmetic packaging machinery market over the forecast period.
• Increasing focus on cost reduction and production efficiency can drive the specialty market growth further.
• Increasing regulatory support is estimated to drive the growth of the market over the forecast period.
• The key players operating in the market are focused on adopting inorganic growth strategies like merger to expand the manufacturing capacity of the cosmetic products which is expected to drive the growth of the market over the forecast period.
• Increasing launch of the new policy by the government to support equipment monitoring is expected to drive the growth of the market over the forecast period.
• Increasing research and development activities for launching new technology in the market is estimated to fuel the growth of the global cosmetic packaging machinery market.
• Increasing in adoption of the advanced technology for the production of cosmetic packed products is estimated to drive the growth of the global cosmetic packaging machinery market in the near future.

Market Dynamics

Driver

Technology Advancements

The commercial success of cosmetic items is directly correlated with their packaging, and the market leader will continue to generate profits in the future. The increasing need for superior packaging engineering and premium design due to shifting consumer tastes and preferences for high-end cosmetic items has elevated the importance of cosmetic packaging. Increasing launch of the advanced technology cosmetic packaging machinery is expected to drive the growth of the global cosmetic packaging market over the forecast period.

For instance,

• In October 2023, Marchesini Group S.p.A., packaging solution company, revealed the launch of the SEA Vision’s A-Eye (AI) 360° lipstick inspection system. The SEA Vision’s A-Eye (AI) 360° lipstick inspection system offers artificial intelligence (AI)-automated quality control of lipsticks in production.

Restraint

Shifting Consumer Preference and Lack of Raw Material

The key players operating in the market face challenges due to shifting consumer preference and lack of raw material which has anticipated to restrict the growth of the market. Sales of beauty giants are declining, primarily in the United States, as a result of agile competitors and shifting consumer preferences. The current economic uncertainty and the growing demand for affordable over-the-counter skincare products in emerging nations like China and India are likely to slow down the growth of the cosmetic packaging machinery market. During the course of the forecast period, these factors are anticipated to limit market expansion.

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