The global cosmetics and personal care
packaging equipment market size is anticipated to reach USD 5.6 billion by
2025. It is expected to exhibit a CAGR of 5.4% over the forecast period. The
growth is backed by the rising consumer preference for healthier and
personalized products along with the rising investments in developing novel and
innovative packaging technologies.
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Stringent government regulations on
reducing plastic use, ban on single use plastics, and increasing recycling
targets has surged the demand for sustainable packaging solutions. In addition
to the cost savings from using less amount of materials, end-user companies are
opting for machines that offer reduced energy and water usage along with lower
greenhouse gas emissions.
Tripartite effort by local government
and foreign and domestic enterprises to establish better distribution
infrastructures is projected to drive the demand for transport and distribution
packaging. These factors are expected to surge the market growth of associated
packaging machinery sales over the next seven years.
The cosmetics and personal care
packaging equipment manufacturers are moving toward acquiring integrated and
Artificial Intelligence (AI) enabled machinery to reduce human errors and to
improve the energy and cost utilization. In addition, growing demand for vacuum
machinery for cosmetics and personal care products in order to gain aseptic
packaging, is expected to stimulate the product demand over the forecast
period.
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Further
key findings from the report suggest:
• The demand for wrapping/bundling/palletizing
machinery is anticipated to experience stronger growth over the forecast period
owing to the rapidly developing logistics and domestic infrastructures along
with the rising penetration of e-commerce across the globe
• Skincare segment is expected to
contribute 26.5% of the overall market in terms of revenue by 2025 owing to the
increasing demand for herbal, organic, and natural products along with the
rising concerns pertaining to skin conditions among the populace
• China is anticipated to witness a CAGR
of 7.2% in terms of revenue over the forecast period because of the burgeoning
economies, population growth, greater automation of manufacturing,
increase in mean wealth and a rising
interest in health and wellness
• Europe accounted for the second
largest revenue share in 2018, owing to the high demand for highly flexible,
automated, and efficient equipment along with the rising consumption of
consumer goods in countries such as Italy, Germany, U.K., and France
• The cosmetics and personal care
packaging machinery manufacturers are focusing on investing in R&D and
innovation to secure a portfolio with competitive options to cater the demand
for integrated and automated machines
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