In 2024, the global cosmetics packaging market is expected to reach 223.5 billion yuan. Which packaging material is popular?
Time of issue:
2024-08-20
Data shows that in 2024, the cosmetics packaging market will reach 223.5 billion yuan.
Data shows that in 2024, the cosmetics packaging market will reach 223.5 billion yuan. Among them, plastic is still the largest part, and the use of paper and wood is on the rise.
Recently, TransparencyMarketResearch, a world-renowned market research company, released data on the cosmetics packaging market. 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 23 billion US dollars (about 115.6 billion yuan). Research shows that the industry will grow at a stable CAGR of 4.4% from 2014 to 2024. Among them, the increasing number of beauty consumers in emerging markets such as Asia-Pacific, the Middle East and Latin America is considered to be the main driver of growth in 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 cosmetics packaging market. In 2016, the region accounted for 32.5% of the global cosmetics packaging market and is expected to maintain this growth rate in the coming years.
According to the transparency market study, as more and more young people gradually urbanize, more disposable income is also one of the drivers of growth. "Packaging innovation is likely to have a greater impact on young people, who happen to be the main target group for most cosmetics companies," the analysis said. ”
In addition, research shows that plastics are expected to remain the choice in cosmetic packaging in the future; However, due to the increasing use of glass in high-end products, it will also occupy a "significant share"; Environmental protection has been a hot topic in recent years, and the use of paper and wood in packaging is also on the rise. The use of timber will also be on the rise.
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