According to the latest data, the cosmetics packaging market will reach 223.5 billion yuan in 2024. 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 cosmetics packaging market data. According to the data, 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 cosmetics packaging industry in 2015 was US $23 billion (about RMB 115.6 billion). The latest research shows that the compound annual growth rate of the industry will stabilize at 4.4% from 2014 to 2024. Among them, there are more and more beauty consumers in emerging markets such as the Asia Pacific region, the Middle East and Latin America, which is considered to be the main driving force for the growth of the packaging industry.
A domestic brand engineer told the reporter of cosmetics finance online that according to his understanding, the Asia Pacific region is the main source of revenue for the cosmetics packaging market. In 2016, the region accounted for 32.5% of the global cosmetics packaging market, which is expected to maintain this growth rate in the next few years.
Transparency Market Research said that as more and more young people gradually urbanize and obtain more disposable income, it is also one of the driving forces of growth. The analysis pointed out: "packaging innovation may have a greater impact on young people, who happen to be the main target group of most cosmetics companies."
In addition, research shows that plastic is still expected to be the first choice in cosmetic packaging in the future; However, due to the increasing application of glass in high-end products, it will also occupy an "important share"; Environmental protection is a hot topic in recent years, and the use of paper and wood in packaging will also rise.
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