The North America Cosmetic Packaging Market would witness market growth of 4.2% CAGR during the forecast period (2022-2028).
With growing consumer awareness of environmental issues, the need for eco-friendly cosmetic packaging solutions is skyrocketing. Customers have become more attentive to eco-friendly or "green" packaging options while purchasing packaging and products. As a result, green packaging is no longer considered an afterthought in the industry, and manufacturers are banding together to enhance the number of green packaging solutions available. This shift is being fueled by customer outrage as the dangers of traditional packaging become more widely known. Furthermore, legislators are focused on enacting strict environmental regulations, forcing packaging manufacturers to adopt and innovate green packaging solutions for a variety of industries.
In recent years, rising e-commerce and internet penetration in both rural and urban areas has had an impact on cosmetics consumption. Glossier Inc., for example, sells a large percentage of its products online in the United States. As internet usage has grown, businesses have shifted their sales to online channels. This has influenced the growth of the packaging industry by raising the demand for cosmetics in general.
Everyone can benefit from a skincare routine, regardless of gender, age, or ethnic background. Skincare products, particularly those that provide UV protection, are unusual among cosmetics in that they are frequently judged required by medical specialists. While many people don't wear cosmetics or utilize hair products, almost everyone owns at least one skin care product, whether it's a bottle of lotion or a tube of sunscreen. Youthfulness is widely prized in most Western nations, and millions of Americans undertake cosmetic operations every year to look younger. Every year, the market is flooded with new and inventive products.
The US market dominated the North America Cosmetic Packaging Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $9,549 million by 2028. The Canada market is experiencing a CAGR of 6.6% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 5.6% during (2022 - 2028).
Based on Material Type, the market is segmented into Plastic, Glass, Metal, and Paper Based. Based on Application, the market is segmented into Skin Care, Hair Care, Perfume, Oral Care, and Others. Based on Packaging Type, the market is segmented into Bottles, Dispensers, Tubes, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cosmetic Packaging Market is Predict to reach $47.7 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Albéa Group, HCP Packaging (Shanghai) Co. Ltd., TriMas Corporation, Graham Packaging Company, Amcor Plc, Sonoco Products Company, Huhtamaki Oyj, Berry Global Group, Inc., Aptar Group, Inc., and Gerresheimer AG.
By Material Type
By Application
By Packaging Type
By Country
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