Bamboo Cosmetic Packaging Market Expected to Reach USD 0.56 Billion by 2032 | Growing at a CAGR of 6.80%

Market Research Future (MRFR) has published a cooked research report on the “Bamboo Cosmetic Packaging Market” that contains information from 2018 to 2032. The Bamboo Cosmetic Packaging Market is estimated to register a CAGR of 6.80% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Bamboo Cosmetic Packaging Market— Amcor plc, Mondi, Sealed Air, BALL CORPORATION, Tetra Pak, Crown, BASF SE, Huhtamaki, WestRock Company, Smurfit Kappa, Sonoco Products Company, Evergreen Packaging LLC, Elopak, WINPAK LTD, Berry Global Inc.

Market Highlights

The Bamboo Cosmetic Packaging Market is accounted to register a CAGR of 6.80% during the forecast period and is estimated to reach USD 0.56 billion by 2032.

The increasing awareness of environmental issues and pollution is a fundamental factor driving the rising demand for bamboo packaging. The growing inclination towards sustainable packaging, as opposed to single-use plastic, is further fuelled by strict regulations governing plastic usage.

Segment Analysis

The global Bamboo Cosmetic Packaging Market has been segmented based on Product Type, and Application.

Based on the Product Type, the market is segmented into Cream Jar, Lipstick Case, Dropper Bottle, Lotion Bottles, and Others. The Lotion Bottles segment was attributed to holding the largest market share in 2022. The growing preference for eco-friendly and sustainable packaging has played a significant role in the expansion of the bottle market. Numerous cosmetic brands are actively exploring the use of more sustainable materials in their packaging, including biodegradable plastics, recycled glass, and compostable materials. Beyond reducing the environmental footprint of packaging, these materials also cater to consumers seeking products with enhanced environmental friendliness.

Based on the Application, the Bamboo Cosmetic Packaging Market has been segmented into Skincare, Makeup, Haircare, and Other. The Skincare segment was expected to hold the largest market share in 2022. The growing prevalence of multi-functional skincare items like face creams and moisturizers has propelled the demand for cosmetics packaging within the skincare product category. The uptake of haircare products is witnessing a swift rise in emerging economies, particularly in countries such as India and China, contributing to the accelerated growth of the haircare segment.

Regional Analysis

The global Bamboo Cosmetic Packaging Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Bamboo Cosmetic Packaging Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Bamboo Cosmetic Packaging Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Bamboo Cosmetic Packaging Market comprises of Middle East, Africa, and Latin America.

The largest market share for the Bamboo Cosmetic Packaging Market was maintained by the North American regional sector. Anticipated growth in the North America bamboo packaging market is driven by the expanding food service sector. According to the United States Department of Agriculture, the combined value of food supplied by the food service and food retailing industries reached US$ 2.12 trillion in 2021. In 2022, approximately 70% of all food sales were attributed to fast food and full-service restaurants. The thriving food and food service industry is a key factor fueling the expansion of bamboo packaging in the country.

Moreover, the Europe market has been persistently growing over the forecast period. Europe has taken a leading role in sustainability initiatives, with consumers in the region displaying a growing awareness of environmental concerns. In line with this, the European Council has committed to an ambitious target of becoming the first climate-neutral continent by 2050. The European Commission introduced the European Green Deal in 2019, outlining a roadmap to achieve carbon neutrality by 2050 and promote sustainability in the EU's economy. Within this context, bamboo, recognized as an eco-friendly material, is gaining prominence, driven by the increasing demand for sustainable packaging solutions that resonate with the preferences of European consumers.

The robust growth of the Cosmetics Packaging industry in the Asia Pacific region is driven by the escalating demand for personal care products. In 2022, the retail sales value of cosmetic products in the region reached 393.6 billion yuan. The increasing demand for cosmetic products in second and third-tier cities of China is expected to sustain the growth momentum of cosmetics retail in the foreseeable future. Furthermore, a shifting attitude among men towards skincare has fueled the flourishing men's cosmetics market in China, witnessing a remarkable increase in sales value from 2013 to 2018 by around 37 percent. As disposable incomes rise, individuals are becoming more cognizant of the significance of appearance and self-confidence. This surge in the cosmetics industry, in turn, has generated a demand for packaging that is not only attractive but also functional.

Furthermore, the rest of the world's Bamboo Cosmetic Packaging Market is divided into the Middle East, Africa, and Latin America. The surge in demand within the cosmetic packaging industry is attributed to the growing needs of the hospitality segment, particularly fueled by increased tourism activities in countries like the UAE, Kuwait, Oman, and Saudi Arabia. Customers in these regions exhibit a heightened consumption of cosmetic products, especially luxury items, driven by the affluent economies of developed Middle Eastern countries such as Saudi Arabia and the UAE. Brazil holds the third position globally, following the U.S. and China, and serves as a leader in the cosmetic packaging market within the Latin America region. The makeup application type dominates a significant share in the regional market, given the high usage of makeup products in the area.

Key Findings of the Study

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  The global Bamboo Cosmetic Packaging Market is expected to reach USD 0.56 billion by 2032, at a CAGR of 6.80% during the forecast period.

  
  


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  The Asia-Pacific region accounted for the fastest-growing global market because of increasing awareness among consumers regarding health and hygiene.

  
  


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  Based on Product Type, the Lotion Bottles segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.

  
  


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  Amcor plc, Mondi, Sealed Air, BALL CORPORATION, Tetra Pak, Crown, BASF SE, Huhtamaki, WestRock Company, Smurfit Kappa, Sonoco Products Company, Evergreen Packaging LLC, Elopak, WINPAK LTD, Berry Global Inc

  
  

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