Is Package Goods/Cosmetics A Good Career Path? |2022

Is Package Goods/Cosmetics A Good Career Path
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A career path in the package goods/cosmetics industry is worth it in 2022. This industry is huge and the market keeps expanding. The global cosmetic market size is projected to reach $415.29 billion in 2028. And the United States is considered the most valuable beauty and personal care market in the world, generating approximately $89.5 billion in one year.

So if you’re thinking about building a career path in the package goods and cosmetics industry, then keep reading to find out if it’s a good fit for you.

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What are Package Goods?

Packaged goods are products that are sold quickly and are relatively not pricy. So they include non-durable household goods consumer use up and replace on a frequent basis.

  • Typically come in smaller packaging 
  • Have a cheap unit price
  • Are sold by food and drug merchants 
  • Get a lot of publicity (typically through the media)

What are Cosmetics?

Cosmetics are applications applied to the body to improve its appearance. It is usually a mixture of chemical components that are either made from natural sources or generated artificially.

Cosmetics serve a variety of functions. The body or skin can be cleansed or protected using those intended for personal care and skin care.

Cosmetics are also used to improve or change how someone looks. For example, cosmetics may be used to hide defects, highlight natural features like brows and eyelashes, and more.

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Is Package Goods/Cosmetics A Good Career Path?

So, is a career in package goods/cosmetics a good path?  Yes, the market for packaged goods and cosmetics is expanding and so is the job availability. From product design and development to sales executives, and inventory and warehouse managers, job options are many.

There are also jobs for assembly technicians, shipping coordinators, product testers, or packers. Little wonder the U.S. Bureau of Labor Statistics predicts that career opportunities in the package goods cosmetics industry would grow by 5% from 2020 to 2029.

Given that cosmetics items need proper protection from damage or loss during storage or transportation, package goods and cosmetics careers are clearly among the most important aspects of any cosmetic company.

Therefore, you should look into this job path if you want to start working with package goods/cosmetics.

Prospect for Package Goods/Cosmetics Career Path

The U.S. Bureau of Labor Statistics projects that between 2019 and 2029, demand for chemists and material scientists will increase by 5%, which is faster than the average for all other jobs. So,  advanced degrees in chemistry also provide chemists access to greater job prospects.

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Benefits of Package Goods/Cosmetics Career Path

Marketing of Package Goods/Cosmetics Products

Brand recognition and loyalty are highly important in the cosmetics market.

Consumers usually have a loyal customer base, and once they find a brand they enjoy, they are unwilling to switch to another.

For this, product packaging should be created in a way that makes it very clear to everybody who sees it.

This assists the business in maintaining its base of faithful clients while also providing a way to promote to interested clients who may have only heard about the business through word-of-mouth.

Protection

At its most basic level, product packaging serves to protect the contents from damage and theft.

Given that cosmetic product users often apply them close to the eyes, nose, and mouth, this is an important element.

Therefore, changing the product in any manner might put the consumer’s health in danger. As a result, several cosmetics companies package their goods in tamper-evident containers.

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Display

When buying a cosmetic item, color is usually the first factor buyers consider.

Blush, eye shadow, and lipstick must all have intense color and pigmentation, while foundation and makeup must exactly match the customer’s skin tone.

Therefore, the product packaging must give the color of the product as an accurate representation as possible.

The best option for presenting such colorful cosmetic goods is clear product packaging.

What are the Top Package Goods/Cosmetics Companies in the USA 2022?

We have listed a total of 17 firm stocks with activities in the Package Goods/Cosmetics industry/category. Check out the complete list below:

1. Procter and Gamble (PG)-$348.07 billion

Consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa can purchase branded CPG products from The Procter & Gamble Company.

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2. Unilever (UL)-$117.91 billion

Globally, the fast-moving consumer products sector is where Unilever PLC operates. It runs through areas for personal care, home care, food, and refreshment.

3. Estee Lauder Companies (EL)-$348.07 billion

Estee Lauder Companies Inc. was established on December 9, 1976, and it produces and sells cosmetics, fragrances, and hair care items.

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4. Colgate-Palmolive (CL)-$65.64 billion

The Colgate-Palmolive Company manufactures and markets consumer goods internationally together with its affiliates. Oral, Personal, and Home Care, as well as Pet Nutrition, are its two divisions.

5. Ecolab (ECL)-$44.33 billion

Ecolab Inc., founded on February 18, 1924, offers solutions and services for energy, water, and hygiene. Additionally, the company is rich in equipment maintenance, pest control services, and cleaning and sanitizing programs and materials.

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6. Church and Dwight (CHD)-$23.27 billion

Founded on December 14, 1925, Church & Dwight Co., Inc. creates, produces, and sells a variety of home, personal care, and specialized goods.

7. Coty (COTY)-$6.13 billion

Coty Inc. manufactures, promotes, distributes, and sells beauty goods globally together with its subsidiaries. Luxury, Consumer Beauty, and Professional Beauty are its three business segments.

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8. Inter Parfums (IPAR)-$2.30 billion

Inter Parfums, Inc. is a fragrance company that dates back to May 6, 1985. The company produces, sells, and distributes a variety of fragrances and items that are linked to fragrances.

9. Stepan (SCL)-$2.24 billion

The Stepan Company, founded on February 19, 1959, creates intermediate and specialty chemicals that are supplied to other producers and used in a variety of finished goods.

10. The Beauty Health Company (SKIN)-$2.04 billion

The Beauty Health Company develops, produces, distributes, and promotes aesthetic technology and goods internationally.

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11. Energizer (EPC)-$1.89 billion

In the United States and abroad, Edgewell Personal Care Company makes and distributes products for feminine care, newborn care, sun and skin care, and wet shaving.

How to Become a Cosmetic Product Developer

In the Package goods/cosmetics career Path, your main duties will determine what skills you need to apply for a product development position in cosmetics.

As a result, chemists must possess at least a bachelor’s degree in chemistry, and the majority of companies favor chemists with either a graduate degree or a lot of experience in the Package Goods/Cosmetics industry.

Thus, this education equips you with the knowledge and abilities needed to create solutions for cosmetic, skincare, or hair care products.

Although some businesses prefer candidates with a bachelor’s degree or higher in business or a similar subject, product development managers may also have a background in chemistry.

Product development professionals also require an understanding of the cosmetics sector, any applicable laws, and project management abilities.

In addition, operators of product development must possess marketing knowledge, a business degree, or both.

How Much Can You Make From the Field of Package Goods/Cosmetics Career Path?

As of July 8, 2022, Ziprecruiter reports that the average yearly salary for the category of Beauty Product Development jobs in New York is $66,733.

As a result, the typical salary for a Beauty Product Development position ranges widely (up to $63,392), indicating that there may be several prospects for promotion and higher income for beauty product development, depending on the level of experience, location, and level skill.

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Product Development Cosmetics Salary

The average yearly salary for a Cosmetic Product Development in the United States is $75,673 as of July 13, 2022, according to ZipRecruiter.

So, if you need a quick pay calculator, that comes out to be about $36.38 per hour. This amounts to $6,306 per month or $1,455 each week.

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7 High Paying Jobs in the Package Goods/Cosmetics Career Path

Listed below are seven product development cosmetics jobs in the Package Goods/Cosmetics Career Path:

1. Dermatologist

Average salary: $363,500

Dermatologists are medical professionals who focus on the identification, management, and prevention of skin conditions. They are also known as dermatologists or dermatologic surgeons.

They also carry out treatments including biopsies (removal of tiny samples of tissue), mole removal, and even cancer surgery in addition to inspecting and diagnosing all forms of skin diseases, from acne to eczema and everything in between.

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2. AVP Marketing in Package Goods/Cosmetics

Average salary: $183,505

An important post, typically at the VP level, is AVP Marketing. The duties of an AVP of marketing include the following:

  • Communications
  • Brand management
  • Product management
  • Digital Marketing

3. Director of Global Innovation

Average salary: $119,111

A director of global innovation typically earns a high salary, particularly in the cosmetics sector.

These directors are in charge of managing productive working relationships with businesses that produce branded goods as well as managing research and development teams.

They must be able to think creatively and take chances with ideas.

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4. Product Development Scientist/Engineer in Package Goods/Cosmetics

Average salary: $81,042

Product development scientists and engineers are in charge of creating new goods, enhancing their means of understanding, and testing them to make sure they will function in the market.

They however require a four-year degree in chemical engineering or a similar field, as well as previous experience in product design and development.

5. Senior Manager, Digital Marketing and Business Analytics in Package Goods/Cosmetics

Average salary: $89,393

Senior Managers for these positions are in charge of creating and putting into practice ways to improve business analytics and digital marketing campaigns.

They must be able to create fresh approaches as well as solve issues with ongoing projects.

A bachelor’s degree is required for these roles, as well as three to five years of relevant experience in management or information systems.

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6. Development Executive

Average salary: $258,300 and $345,400

The regular duties of a development executive include the following:

  • Participating closely in new product development projects with engineers and product developers while being tightly supervised by Vice President or Director level roles
  • Coordinating with marketing teams on techniques for product positioning based on information from market research
  • Formulating prototype testing standards based on the competitive analysis

7. Merchant in Package Goods/Cosmetics

Average salary; $76,448

The practice of purchasing and reselling goods is known as merchandise. In this position, you’ll get paid for purchasing and reselling goods at a shop or event.

Frequently Asked Questions About Package Goods/Cosmetics (FAQs)

What is the best beauty career?

Beauty Blogger or Vlogger.
Hairdresser/Hair Stylist.
Image Consultant/ Stylist
Cosmetic Surgeon.
Private Cosmetic Dentist.
Beautician or Cosmetologist.
Modeling.
Esthetician.

What career in cosmetology makes the most money?

Corporate Trainer.
Theatrical and Performance Makeup Artist.
Beauty Copywriter.
Skincare Specialist.
Public Relations Specialist

Why choose a career in the beauty industry?

A job in the beauty industry allows you to not only use your creative abilities but also to assist and serve others. Also,  people are incredibly thankful when they feel pampered, get a brand-new look, or take advice on how to look and feel their best.

How do I know what career is good for me?

Ask a mentor
Take career assessments.
Look for overlap.
Make a list of your options.
Network.

Who is a cosmetic developer?

Cosmetic product developers are in charge of making sure that all legal requirements are completed, eliminating the impractical and possible underperformers, and assisting beauty companies all over the world in launching exciting new cosmetics.

Conclusion

The industry continues to innovate and push ahead with new product development despite COVID-19 disruption, a more complex online and offline selling environment, and sustainability emphasis.

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