Biodegradable Cosmetic Packaging Market Size | Forecast 2031

Report Description

The global biodegradable cosmetic packaging market size was USD XX Bn in 2022 and is likely to reach USD XX Bn by 2031, expanding at a CAGR of XX% during 2023–2031. The market growth is attributed to the increasing demand for eco-friendly packaging.

Rising awareness of environmental concerns across the globe has created the need for eco-friendly biodegradable packaging. These solutions not only protect the environment but reduce the carbon footprint, reduce production costs, and make packaging highly aesthetic and guilt-free for consumers. This factor is likely to increase the demand for eco-friendly packaging. As a moral responsibility, many cosmetic companies have switched to eco-friendly packaging to reduce waste, which is expected to boost the market.

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Packaging is an important part of cosmetics as it affects the complete brand’s image and product perception, as well as protects the product from any external environmental changes. Increasing demand for skin care products or cosmetic products is another key aspect driving the market. To reduce plastic waste, several raw materials are used for cosmetic packaging, especially bamboo packaging, for which material can be easily sourced.

• In May 2023, LUMENE a Nordic expert in circular beauty, launched a bio-based jar manufactured from side streams of Finland’s forest industry. LUMENE improves circularity over formulations by converting a total of 50 ml moisturizer jars in its core product ranges to this new bio-based alternative, totaling 1.5 million jars annually.

Several bamboo products are available to choose from for cosmetics packaging such as dropper bottles, cream jars, skincare tubes, lip balm tubes, and other several bamboo products. The ample availability of eco-friendly packaging materials from agricultural land and forests is likely to drive the adoption of biodegradable packaging in the coming years.

The market report finds that the COVID-19 pandemic has hindered the biodegradable cosmetic packaging market, due to the disruption of the supply chain. The import and export of raw materials were vastly affected during the pandemic, due to the strict lockdown imposed by the governments around the world. Several companies in the cosmetic and personal care industry stopped their manufacturing process during the pandemic, which negatively impacted the market.

Artificial Intelligence Impact on Biodegradable Cosmetic Packaging Market

Artificial intelligence (AI) technology is expected to fuel the biodegradable cosmetic packaging market during the forecast period. The technology has been quietly leading sustainable packaging, as several packaging companies use AI models that learn from real-world customer complaint data to lessen the damage to products from cosmetics, household products, and others.

AI has been recognized to be a reliable technology to pave the way for the next evolution of the industry, from production to packaging and distribution. Increasing demand for eco-friendly raw materials, sustainable consumer goods & services are some of the key drivers for the packaging industry to incorporate AI. These factors are likely to increase the demand for artificial intelligence technology in the biodegradable cosmetic packaging market.

Biodegradable Cosmetic Packaging Market Dynamics

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Major Drivers

Increasing demand for sustainable and eco-friendly packaging is driving the biodegradable cosmetic packaging market. Several cosmetic companies are shifting towards environment-friendly packaging solutions to reduce their carbon footprint.

Biodegradable packaging materials are better for the environment, as their manufacturing does not involve harmful substances such as petroleum and phthalates. A growing number of consumers are preferring biodegradable packaging, as it can be reused and is easier to dispose of, thus, it is likely to boost the market.

• In March 2023, Electrolux Group launched recycled and paper-based packaging with 70% less ink, to lessen the environmental impact. The new sustainable packaging is being used for AEG and Electrolux small appliances. The expanded polystyrene (EPS) packaging is manufactured from paper-based material that is certified by the Forest Stewardship Council.

Existing Restraints

Limited availability of raw materials and processing costs are expected to hamper the biodegradable cosmetic packaging market. Some biodegradable materials are difficult to find and their cost is punitive, which is impeding the market. In addition, the high demand for natural beauty products and growing awareness about side effects of cosmetics on the skin is expected to hinder the market during the forecast period.’

Emerging Opportunities

Increasing demand for personalized and innovative packaging is expected to create lucrative opportunities for the market players. Several consumers prefer customized biodegradable packaging, with unique and creative packaging products for gifting purposes. Several cosmetics companies are focusing to launch new and also these eco-friendly and biodegradable cosmetic products, which is boosting the opportunities in the market.

• On February 7, 2023, Qosmedix a global provider of wholesale beauty supplies introduced new biodegradable cosmetic sponges. These sponges are made from sustainable ingredients such as corn powder and corn husk, which contribute to their taupe color and natural, earthy appearance. These sponges have proven to be 44% biodegradable, which allows users to lessen their carbon footprint and reduce the impact on landfills.

Scope of Biodegradable Cosmetic Packaging Market Report

The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Biodegradable Cosmetic Packaging Market Segment Insights

Type Segment Analysis

Based on type, the biodegradable cosmetic packaging market is divided into tubes, containers, jars, bottles, aerosol cans, and others. The bottles segment is expected to expand at a significant pace during the projection period, due to the high availability of bottled cosmetic products and the preference for sustainable and eco-friendly packaging.

The lightweight nature of biodegradable bottles makes them convenient for transport & packaging, and they are strong and flexible as well as fully recyclable. Several companies and cosmetic brands are looking to utilize more sustainable materials in their packaging such as recycled glass, biodegradable plastics, and composite materials, increasing the demand for the bottles segment in the market.

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Material Type Segment Analysis

On the basis of material type, the global market is segregated into paper-based, bamboo, recycled resins, beeswax, seaweed, and others. The paper-based segment is projected to register a considerable CAGR during the forecast period, as it can be reused and recycled. Paper-based packaging is made from recycled materials or from forests that are managed sustainably.

Paper is made to provide custom packaging design that can protect the products throughout their shelf life.  Sustainable paper cosmetic packaging is a perfect alternative to petroleum-based plastics, offering reduced and reusable products that are 100% recyclable and fully biodegradable, with a smooth high-end look

The bamboo segment is anticipated to account for a key market share in the coming years, due to the increasing sustainability and biodegradability, and cost-effectiveness. Bamboo is free from toxic chemicals, due to its renewable source nature, as it is a renewable resource.

Bamboo packaging is an evolving packaging trend in cosmetic products, as it grows fast and is considered a disposable and sustainable material. There are several bamboo products available in the cosmetic industry for various types of product packaging, which further propels the segment.

Application Segment Analysis

Based on application, the biodegradable cosmetic packaging market is segmented into hair care, skin care, oral care, fragrance & perfume, and others. The skin care segment is expected to register robust growth during the forecast period, as green packaging material reduces the risk of flare-ups and eliminates harsh chemicals.

The segment growth is further attributed to the rising sales of personal care and beauty-related items worldwide. Several consumers are preferring high-quality skin care products, owing to self-care and the rising awareness towards sustainable and eco-friendly products and packaging leading to the growth of the market.

• On June 15, 2023, Solvay launched Naternal, a new brand for biodegradable design hair and skin care solutions. It brings together biodegradable beauty care polymers, from guar and other natural feedstocks.

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Regional Analysis

In terms of region, the global biodegradable cosmetic packaging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, owing to the increasing demand for cosmetic packaging, urbanization, and the rise of disposable income.

Population in emerging countries such as China, Japan, South Korea, and India use cosmetics for various skincare routines. These countries are the largest and fastest-growing markets for the cosmetics and personal care industry, which increases the demand for biodegradable cosmetic packaging.

• In December 2022, WakeMake a brand by Korean retailer Olive Young, launched the Water Velvet Vegan Cushion SPF50+. This new cushion compact is made from bio-based plastic and is an eco-friendly alternative to ABS.

The market in North America is anticipated to expand at a rapid pace in the coming years, owing to the increasing use of eco-friendly raw materials and ingredients for the manufacturing of packaging products. The regional market growth is further attributed to the growing technological advancements and high demand for cosmetics, and sustainable packaging. Growing awareness about the environmental impact of plastic packaging materials is likely to further propel the biodegradable cosmetic packaging market in the region

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