Europe Cosmetic Packaging Market Size, Growth Report | 2031

Report Description

The Europe cosmetic packaging market size was valued USD 10.02 Billion in 2022 and is anticipated to reach USD 13.19 Billion by 2031, expanding at a CAGR of 3.1% during the forecast period, 2023 – 2031. The growth of market is attributed to increasing concerns with regards to environment and health, and demand for organic and nature-based cosmetics products with biodegradable packaging plays an important role in escalating the market progress during the projected period.

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In another part of Europe such as Italy, oral care is gaining popularity with the growing consumer awareness about the importance of proper oral hygiene. With the increasing import and export volume of oral care products, Italy is witnessing a drastic growth in consumer based products.

Manufacturers within the segment are investing heavily on sustainable caps and a closure development which is expected to gain sustainable growth of the industry.

Rising awareness among the consumers concerning the environment and its health the demand for eco-friendly packaging has increased considerably. User’s conscious towards the use of cosmetic products packed in recyclable or eco-friendly materials rather than the conventional one pushing the vendors to invest in green and eco-friendly solutions for the industry.

With the sudden impact of corona virus pandemic adversely affected the global economy resulting in temporary shutdown of business, manufacturing, and trading activities. The lockdown procedure, disrupted supply chain and limited movement, transportation of raw materials is restricted. Moreover, consumers demand for cosmetics reduced due to limited gathering and socializing, and this has severally hampered the market.     

Cosmetic Packaging Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand for organic and natural products within the parts of region is expected to boost the market during forecast period.
• Increasing demand for oral care products in Italy is estimated to propel the market during projected period.
• Rising demand within the region with the gaining popularity of vegan cosmetic products is anticipated to spur the market in the coming years.
• Rapid growth of cosmetics industry and rising disposable income of the consumers is anticipated to drive the market during the forecast period.
• Growing awareness of skincare, hair care, and other products is estimated to impel the market during the projected period.
• Strict government regulation causing several vendors investing towards sustainable packaging to reduce environmental impact is another factor that augments the market in the coming years.

Scope of Cosmetic Packaging Market

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

Cosmetic Packaging Market Segment Insights

The plastic segment is expected to hold major share of the market

Based on the material types, the market is segregated into glass, metal, plastic, and paper. The plastic segment is expected to hold major share of the market during the forecast period due to plastics are reaction resistant they are either single or multi-layered which allow them to protect the product from the outside radiations or environment.

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The tube and stick segment is expected to exhibit high CAGR

On the basis of product types, the market is categorized into folding cartons, metal containers, glass bottles & containers, plastic bottles & containers, tubes & sticks, corrugated boxes, caps & closures, droppers, pump & dispensers, flexible plastic packaging, and ampoules.

The tube and stick segment is expected to exhibit high CAGR in the coming years owing to offering portability, flexibility, and are convenient to carry and also hold varieties of solid and semi-solid products along with increasing preference of organic cosmetic products and growing e-commerce services.  

The skin care segment is estimated to constitute major share of the market

Based on the cosmetic types, the market is fragmented into color cosmetics, hair color, skin care, men’s grooming, deodorants, and other cosmetic types (baby & child care, depilatories, fragrances, and sun care). The skin care segment is estimated to constitute major share of the market during the projected period owing to growing demand for skin improvement and to get a vibrant and glowing appearance.

However, the hair color segment is expected to grow at a rapid pace due to growing popularity of hairstyling & color, hair spa, and demand for serum to improve hair quality and strength contributes in market growth.

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The France segment is anticipated to dominate the market

In the term of geographies, the market is classified as Italy, United Kingdom, Spain, France, Germany, and Rest of Europe. France is anticipated to dominate the market during the forecast period due to product quality and continuous product development followed by rapid adoption of sustainable solution to cope up with the industry’s plastic problems and constant investment on research and development for product innovation each year.

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