In 2024, the global cosmetic packaging market will reach 223.5 billion yuan. Which packaging material is the most popular?
The latest data shows that in 2024, the cosmetics packaging market will reach 223.5 billion yuan. Among them, plastic is still the first choice, and the use of paper and wood is on the rise...
The latest data shows that in 2024, the cosmetics packaging market will reach 223.5 billion yuan. Among them, plastic is still the first choice, and the use of paper and wood is on the rise.
Recently, Transparency Market Research, a world-renowned market research company, released the latest cosmetic packaging market data. Data show that by 2024, the global cosmetics packaging industry is expected to reach 33 billion US dollars (about 223.5 billion yuan).
It is understood that the overall valuation of the global cosmetic packaging industry in 2015 was 23 billion US dollars (about 115.6 billion yuan). The latest research shows that the industry will grow at a steady CAGR of 4.4% between 2014 and 2024. Among them, the growing number of beauty consumers in emerging markets such as Asia Pacific, Middle East and Latin America is considered to be the main driving force for the growth of the packaging industry.
A domestic brand engineer told the "Cosmetics Finance Online" reporter that according to his understanding, the Asia-Pacific region is the main source of income for the cosmetic packaging market. In 2016, the region accounted for 32.5% of the global cosmetic packaging market, and this growth rate is expected to maintain over the next few years.
Transparency Market Research said that as more and more young people gradually urbanize, they have more disposable income and are also one of the growth drivers. The analysis pointed out: "Packaging innovation may have a greater impact on young people, and this group of people happens to be the main target group of most cosmetic companies."
In addition, research shows that plastic is expected to remain the first choice in cosmetic packaging in the future; however, glass will also occupy a "significant share" due to its increasing use in high-end products; environmental protection has been a hot topic in recent years, with paper and packaging in packaging The use of wood will also be on the rise.