Cosmetic Packaging is Estimated to Witness High Growth Owing to Opportunity of Sustainable Packaging
Cosmetic packaging provides convenience while preserving the quality and enhancing the visual appeal of cosmetic products. From jars and bottles to boxes and pouches, packaging protects products from damage and prevents wastage. Cosmetic packaging utilizes various materials such as plastic, glass, metal, and paper to cater to the diverse requirements of skincare, haircare, makeup, and fragrances. Advances in packaging technology offer sustainable and eco-friendly solutions. The Global Cosmetic Packaging Market Size is estimated to be valued at US$ 36,390.2 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends Sustainability has become a major trend in the cosmetic packaging market. There is a rising consumer demand for eco-friendly packaging made from recycled or recyclable materials. Key players are focusing on developing innovative sustainable solu...