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2024 global cosmetics packaging market will reach 223.5 billion yuan, which package material the most popular?
It is understood that the global cosmetics packaging industry in 2015 the overall valuation of 23 billion US dollars (about 115.6 billion yuan). The latest research shows that from 2014 to 2024, the industry's compound annual growth rate will stabilize at 4.4%. Among them, the Asia-Pacific region, the Middle East and Latin America and other emerging markets more and more cosmetic consumers, is considered the main driving force for the growth of the packaging industry.
A domestic brand engineer told the "cosmetics financial online" reporter, according to its understanding, the Asia-Pacific region is the main source of cosmetics packaging market. In 2016, the region accounted for 32.5% of the global cosmetics packaging market, is expected to maintain this growth in the next few years.
Transparency market research says that as more and more young people gradually urbanization, access to more disposable income is also one of the driving forces of growth. "Packaging innovation may have a greater impact on young people, and this is just the main target group for most cosmetic companies," the analysis said.
In addition, research shows that plastic is expected to be the first choice in future cosmetic packaging; however, due to the increasing use of glass in high-end products, will also occupy the "important share"; environmental protection is a hot topic in recent years, The use of wood will also be on the rise.