The eye cosmetic packaging global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Eye Cosmetic Packaging Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The eye cosmetic packaging market size has grown strongly in recent years. It will grow from $13.83 billion in 2023 to $14.76 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to the rising consumer awareness of personal grooming has consistently driven demand for eye cosmetics, leading to a surge in packaging innovations, the influence of Hollywood and pop culture, necessitating diverse and attractive packaging solutions, advancements in packaging technology have enabled the creation of more functional and aesthetically pleasing designs.
The eye cosmetic packaging market size is expected to see strong growth in the next few years. It will grow to $19.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to the ongoing digitalization and rise of social media platforms will continue to drive the popularity of eye cosmetics, requiring packaging that stands out in a digital space, the growing focus on inclusivity and diversity will push brands to develop packaging that appeals to a broader range of consumers, advancements in smart packaging technologies will offer new functionalities and enhance user experience. Major trends in the forecast period include the trend toward minimalistic and sleek packaging designs, the rise in eco-friendly packaging solutions, the adoption of smart packaging, providing additional product information and enhancing the user experience.
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Scope Of Eye Cosmetic Packaging Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Eye Cosmetic Packaging Market Overview
Market Drivers –
The increasing consumption of cosmetic products is expected to propel the growth of the eye cosmetic packaging market going forward. Cosmetic products are items designed to be applied to the body or face for cleansing, beautifying, promoting attractiveness, or altering the appearance without affecting the body’s structure or functions. The consumption of cosmetic products is increasing due to growing consumer awareness of personal appearance and self-care, driven by social media influence and a rising focus on beauty and grooming. Eye cosmetic packaging plays a crucial role in enhancing product appeal and the user experience by offering functional designs that ensure easy application and precise dosage. It also protects the product’s integrity, extending its shelf life and maintaining its efficacy. For instance, in December 2022, according to the annual report of Loreal, a France-based cosmetics company, the active cosmetics in Loreal sales amounted to 5124.5 billion euros ($5,549.1 billion) in 2022, up by +30.6%. Therefore, increasing consumption of cosmetic products is driving the growth of the eye cosmetic packaging market.
Market Trends –
Major companies operating in the eye cosmetic packaging market are focusing on developing innovative products, such as mascara tubes, to enhance the user experience and meet consumer demand. Mascara tubes are specialized containers that store mascara and come with an applicator for convenient eyelash application. For instance, in October 2023, Cherng Mei Enterprise Co. Ltd., a Taiwan-based cosmetic packaging company, launched flexible tubes for mascara. The tube is available in opaque and transparent finishes, allowing for easy monitoring of product levels to minimize waste. It comes in two styles, M409-1 and M409-2, each holding 5 ml and designed for portability. The packaging can also be adapted for use with eyeliners and lip glosses by pairing it with a thin brush or doe foot applicators.
The eye cosmetic packaging market covered in this report is segmented –
1) By Product: Bottles, Jars, Tubes, Boxes, Other Products
2) By Material: Plastic, Glass, Paper And Paperboard, Metal
3) By Distribution Channel: Online, Offline
4) By Application: Eye Shadow, Eyeliner, Mascara, False Eye Lashes, Eyebrows, Concealer And Primer
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Regional Insights –
North America was the largest region in the eye cosmetic packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the eye cosmetic packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the eye cosmetic packaging market are Berry Global Inc., Albea S.A., AptarGroup Inc., Gerresheimer AG, HCP Packaging USA Inc., Geka GmbH, Quadpack Industries S.A., The Libo Cosmetics Co. Ltd., Alpha Packaging Inc., H&K Müller GmbH & Co. KG, Plásticos FACA S.A., 3C Inc., Laboratorio Edol S.A., APC Packaging LLC, Cosmogen, The Packaging Company (TPC), CORPACK GmbH, Epopack Co. Ltd., Cosmopak Inc., Baralan International, Toly Group< /b>
Table of Contents
1. Executive Summary
2. Eye Cosmetic Packaging Market Report Structure
3. Eye Cosmetic Packaging Market Trends And Strategies
4. Eye Cosmetic Packaging Market – Macro Economic Scenario
5. Eye Cosmetic Packaging Market Size And Growth
…..
27. Eye Cosmetic Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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