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Recent beauty launches show how brands aim to elevate the 'skincare ritual,' as packaging suppliers discuss their most in-demand and eco-friendly innovations.
October 17, 2024
By: Marie Redding
Senior Editor
Beauty consumers love skincare—and it’s the fastest-growing beauty category, with dollar sales increasing by 7% during the first half of 2024 and a 10% growth year-over-year, based on units sold, Circana reported. Brands are infusing all types of products, from hair care to fragrances, with ingredients that will benefit the skin. It’s the “skinification of beauty,” reports Jennifer Famiano, beauty industry analyst at Circana. Applying skincare products is meant to be a relaxing, self-care “ritual.” The type of packaging a brand chooses is an important decision, because it will significantly affect the user experience. Clean ingredients are more important than ever. There’s an abundance of innovative formulas on the market, in all types of packaging—from airless bottles and jars to tubes with nozzle tips or pumps. The tubes segment generated over 41% of the skincare market’s revenue share in 2023, according to Precedence Market Research. The report says that tubes deliver convenience and ease of use in spades, but the bottles and jars segment will expand at the fastest rate through 2034. Overall, the global skincare market was worth $157.6 billion in 2023, according to Precedence’s report, and will grow to reach $321.9 billion by 2034, while expanding at a CAGR of 6.74%. “There’s a growing emphasis on incorporating natural ingredients and cutting-edge formulations…and sustainable skincare solutions,” the report states. Among the factors fueling the skincare market’s growth are new developments in ingredient technology, rising demand for natural products, and indie skincare brand “disruptors” offering unique formulations. A few of the latest skincare launches are featured here—and insights about suppliers’ most in-demand packaging. Read on.
Vitamasques, a K-beauty-inspired brand that began with sheet masks, recently expanded into a full skincare range. The colorful and affordable line includes cleansers, toners, serums, and moisturizers.
Peace Out’s Acne Gel Moisturizer comes with an applicator in the cap.
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