Plastic is by far the category leader, followed by paper as a distant second, then glass and metal, respectively.
As the cosmetic market expands, packaging producers are racing to "diversify their product portfolio," according to the report.
Key drivers for growth include fast-growing markets in Asia-Pacific, which have a high demand for products such as skin whiteners. As a result, the skin care packaging market is forecast for continued expansion.
Markets and Markets notes that India, China and Brazil will also drive future growth in the cosmetic packaging space.