Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 157 million | USD 237 million | 6% | 2023 |
The global spout pouch for cosmetic market size was evaluated at $157 million in 2023 and is slated to hit $237 million by the end of 2032 with a CAGR of nearly 6% between 2024 and 2032.
Spout pouches have proved to be the best alternative to metals, plastic bottles, and rigid glass. Moreover, these products provide good strength and visual impact and hence are popular for packing liquid and powder items. They are available in various sizes and shapes and enhance the shelf life of products such as cosmetic and personal care products.
Huge demand for convenience packaging to boost the global market growth over 2024-2032
Escalating need for convenient packaging services along with the convenience offered by spout pouches including portability and ease of use will steer the growth of spout pouch for cosmetic market across the globe. Growing focus of end-users on the use of eco-friendly packaging services has enhanced the use and popularity of spout pouches for cosmetic products as spout pouches are manufactured from bio-degradable substances, thereby driving the global market trends. Changing customer preferences has translated into massive demand for spout pouches. Apart from this, breakthroughs in printing and manufacturing tools along with technological innovations will pave the way for the humungous expansion of the market globally. A large number of cosmetic items including personal care, skincare, and hair care items are packaged in spout pouches, thereby fostering the growth of the market across the globe.
Need for initial capital funds to restrict the growth of the global industry by 2032
A surge in the need for preliminary investments for transiting to spout pouch packaging can restrict the expansion of the global spout pouch for cosmetic industry. Strict laws related to the use of raw materials in packaging can put brakes on the industry growth globally.
Demand for personalized and customized products to help the global market explore new avenues of growth
The unexplored growth potential witnessed in the developing countries has offered new avenues of expansion for the spout pouch for cosmetic market. Firms are offering customized & personalized spout pouch solutions for fulfilling the diverse customer requirements and this will prop up the scope of growth of the global market.
Necessity of proficient supply chain along with its complexity can challenge the global industry surge by 2032
Few of the customers perceive spout pouches of lesser premium quality in comparison to other kinds of conventional cosmetic packaging, thereby impacting the growth of the global spout pouch for cosmetic industry. Apart from this, the need for effective handling of supply chain activities for spout pouches can prove to be a huge challenge for the growth of the global industry.
The global spout pouch for cosmetic market is divided into type, application, and region.
In terms of type, the spout pouch for cosmetic market across the globe is bifurcated into up to 100ml, 100ml-150ml, 200ml-250ml, 250ml-500ml, 500ml-1000ml, and others segments. Additionally, the 250ml-500ml segment, which gained approximately 45% of the global market revenue in 2023, is predicted to record the highest annual rate of growth in the forecast timeline. The expansion of the segment in the next eight years can be subject to an increase in the use of spout pouches of 250ml-500ml type in the cosmetics sector.
Based on the application, the global spout pouch for cosmetic industry is divided into creams, face masks, and sunscreen segments. Furthermore, the creams segment, which gathered approximately 49.5% of the global industry proceeds in 2023, is set to make major contributions toward global industry profitability in the years ahead. The growth of the segment in the forecasting timeline can be credited to immense use of spout pouches for storing creams used in cosmetics.
Report Attributes | Report Details |
---|---|
Report Name | Spout Pouch for Cosmetic Market |
Market Size in 2023 | USD 157 Million |
Market Forecast in 2032 | USD 237 Million |
Growth Rate | CAGR of 6% |
Number of Pages | 209 |
Key Companies Covered | Unipouch, Scholle IPN, Amcor plc, HPM Global, Swiss Pack, Sonoco, Hunan Zekun Packaging Technology, Mondi, ProAmpac, Ben En (BN) Packaging, Bischof + Klein, Weltrade Packaging Solutions, Glenroy Inc., TedPack, and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to maintain its leadership status in the global market in the forecasting timespan
North America, which accounted for nearly 71% of the global spout pouch for cosmetic market revenue in 2023, is anticipated to establish a key position in the global market within the next couple of years. In addition to this, the regional market expansion in the forecast timespan can be credited to a prominent rise in the number of key spout pouch manufacturers in countries such as Canada and the U.S. Additionally, the flourishing fashion sector and demand for cosmetics among old and young people to improve the personality and visual appearance will further steer the regional market growth over the coming years.
The European spout pouch for cosmetic industry is predicted to record the highest growth rate in the next eight years. The rapid expansion of the industry in the continent can be a result of a large-scale presence of key vendors in countries such as Germany, Italy, France, Denmark, Estonia, and the UK. Apart from this, the user-friendly nature of the product has made it more preferred among the population of European countries.
The global spout pouch for cosmetic market profiles key players such as:
By Type
By Application
FrequentlyAsked Questions
Spout pouches have proved to be the best alternative to metals, plastic bottles, and rigid glass. Moreover, these products provide good strength and visual impact and hence are popular for packing liquid and powder items.
The global spout pouch for cosmetic market growth over the forecast period can be owing to the growing focus of end-users on the use of eco-friendly packaging services has enhanced the use and popularity of spout pouches for cosmetic products as spout pouches are manufactured from bio-degradable substances.
According to a study, the global spout pouch for cosmetic industry size was $157 million in 2023 and is projected to reach $237 million by the end of 2032.
The global spout pouch for cosmetic market is anticipated to record a CAGR of nearly 6% from 2024 to 2032.
The European spout pouch for cosmetic industry is set to register the fastest CAGR over the forecasting timeline owing to a large-scale presence of key vendors in countries such as Germany, Italy, France, Denmark, Estonia, and the UK. Apart from this, the user-friendly nature of the product has made it more preferred among the population of European countries.
The global spout pouch for cosmetic market is led by players such as Unipouch, Scholle IPN, Amcor plc, HPM Global, Swiss Pack, Sonoco, Hunan Zekun Packaging Technology, Mondi, ProAmpac, Ben En (BN) Packaging, Bischof + Klein, Weltrade Packaging Solutions, Glenroy, Inc., and TedPack..
The global spout pouch for cosmetic market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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