Cosmetic Packaging Machinery Market Growth & Forecast [2031]
Cosmetic Packaging Machinery Market Growth & Forecast [2031]
Segments - Cosmetic Packaging Machinery Market by Machine Types (Wrapping Machines, Labeling Machines, Laminating Machines, Closing Machines, Test & Detection Machines, and Form-Fill-Seal Machines) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :MC-3924
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Report Description
The global cosmetic packaging machinery market size was valued at USD 3.45 billion in 2020 and is expected to expand at a CAGR of 5.67% during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for personal care and consumer products as the global economy improves and people have more disposable cash.
The cosmetic packaging machines are intelligently designed and capable of performing accurate packaging tasks across a wide range of industries. Traditional cosmetics packaging machines are being replaced by next-generation automated packaging equipment. These machines have no control cabinets and are linked vertically or horizontally. The industries are moving toward major automation in order to reduce costs and increase energy efficiency. Human intervention has decreased greatly as a result of automation, which has led to large reduction in human mistakes. Moreover, cosmetic firms are expanding all over the world. L'Oreal, for example, planned to invest EUR 15 million in the development of its facility in France, which is going to be part of the company's premium Excellence Manufacturing Centre.
The dynamics of global commerce, supply and demand chains, and logistics have all changed due to the impact of COVID-19. The pandemic has put the entire manufacturing units of every industry and had adversely affected the market. The total revenue of the global cosmetic sale has sharply decreased by 32% in the early phases of the COVID-19 pandemic, according to the business of Fashion and McKinsey and Company.
Market Trends, Drivers, Restraints, and Opportunities
- Rising vacuum technology for aseptic packing of cosmetics items is a key factor expected to drive the market during the forecast period.
- Growing consumer awareness of environmental issues and introduction of the eco-friendly cosmetic packaging solutions are key factors propelling the market.
- To replace the old packaging lines, a large initial investment is required. This factor is a key hurdle that can hamper the market expansion.
- Environmental concerns and strict government regulations regarding the use of non-green materials for packaging are key challenges hindering the market growth.
- Cosmetics packaging innovations are being driven by the need to extend the shelf-life of cosmetics products. This key factor tends to create lucrative opportunities for the market expansion.
Scope of the Report
The report on the global cosmetic packaging machinery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Cosmetic Packaging Machinery Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Machine Types (Wrapping Machines, Labeling Machines, Laminating Machines, Closing Machines, Test & Detection Machines, and Form-Fill-Seal Machines) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Packsys Global Ltd.; Prosys Innovative Packaging Equipment; Bosch Packaging Technology; I.M.A. Industria Macchine Automatiche S.P.A.; and Marchesini Group S.P.A. |
Market Segment Insights
Labeling machines segment to expand at a considerable CAGR
On the basis of machine types, the cosmetic packaging machinery market is segmented into wrapping machines, labeling machines, laminating machines, closing machines, test & detection machines, and form-fill-seal machines. The labeling machines segment is projected to expand at a considerable CAGR during the forecast period. Cosmetic goods come in a variety of packaging and material options. As a result, several types of labelling machines are needed to meet diverse packaging requirements. On the other hand, the wrapping machines segment is anticipated to account for a major market share during the forecast period as wrapping machines are commonly used to wrap, stack, and transport commercial and industrial items safely.
Asia Pacific is anticipated to constitute a key market share
In terms of regions, the cosmetic packaging machinery market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to digital transformation in the region and rising number of the young population. However, the market of North America is anticipated to expand at a rapid pace during the forecast period owing to the presence of a large number of consumers for cosmetic products in the region. The United States is the world's top manufacturer of cosmetics and their packaging and many producers in the country are focus on the development of environmentally friendly packaging and natural goods.
Segments
Segments Covered in the Report
The global cosmetic packaging machinery market has been segmented on the basis of
Machine Types
- Wrapping Machines
- Labeling Machines
- Laminating Machines
- Closing Machines
- Test & Detection Machines
- Form-Fill-Seal Machines
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Packsys Global Ltd.
- Prosys Innovative Packaging Equipment
- Bosch Packaging Technology
- I.M.A. Industria Macchine Automatiche S.P.A.
- Marchesini Group S.P.A.
Competitive Landscape
Key players competing in the global cosmetic packaging machinery market are Packsys Global Ltd.; Prosys Innovative Packaging Equipment; Bosch Packaging Technology; I.M.A. Industria Macchine Automatiche S.P.A.; and Marchesini Group S.P.A.
Companies are creating new goods and making acquisitions to increase their market share. Zhejiang Zhongke Packaging Machinery has introduced a variety of new products to expand its rigid box product line and meet shifting market demand. The ZK 5540 B is an automated folder gluer used by rigid box manufacturers. Other systems include a servo motor, photoelectric tracer, PCL programmable controller, touchscreen HMI, and others. Moreover, Leonard Green & Partners finalized the acquisition of ProMach, a packing machinery firm located in the United States, from AEA Investors in March 2018.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Cosmetic Packaging Machinery Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cosmetic Packaging Machinery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cosmetic Packaging Machinery Market - Supply Chain
4.5. Global Cosmetic Packaging Machinery Market Forecast
4.5.1. Cosmetic Packaging Machinery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cosmetic Packaging Machinery Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Cosmetic Packaging Machinery Market Absolute $ Opportunity
5. Global Cosmetic Packaging Machinery Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Cosmetic Packaging Machinery Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Cosmetic Packaging Machinery Demand Share Forecast, 2019-2026
6. North America Cosmetic Packaging Machinery Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Cosmetic Packaging Machinery Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Cosmetic Packaging Machinery Demand Share Forecast, 2019-2026
7. Latin America Cosmetic Packaging Machinery Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Cosmetic Packaging Machinery Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Cosmetic Packaging Machinery Demand Share Forecast, 2019-2026
8. Europe Cosmetic Packaging Machinery Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Cosmetic Packaging Machinery Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Cosmetic Packaging Machinery Demand Share Forecast, 2019-2026
9. Asia Pacific Cosmetic Packaging Machinery Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Cosmetic Packaging Machinery Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Cosmetic Packaging Machinery Demand Share Forecast, 2019-2026
10. Middle East & Africa Cosmetic Packaging Machinery Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Cosmetic Packaging Machinery Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Cosmetic Packaging Machinery Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Cosmetic Packaging Machinery Market: Market Share Analysis
11.2. Cosmetic Packaging Machinery Distributors and Customers
11.3. Cosmetic Packaging Machinery Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Packsys Global Ltd.
11.4.2. Prosys Innovative Packaging Equipment
11.4.3. Bosch Packaging Technology
11.4.4. I.M.A. Industria Macchine Automatiche S.P.A.
11.4.5. Marchesini Group S.P.A.
Methodology
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