The global cosmetics packaging market will reach 223.5 billion yuan in 2024. Which packaging materials are popular?
Release time:
2023-03-21
The latest data shows that in 2024, the cosmetics packaging market will reach 223.5 billion yuan. Among them, plastic remains the mainstay, while the use of paper and wood is showing an upward trend. Recently, Transparency Market Research, a globally renowned market research company, released the latest data on the cosmetics packaging market. Data shows that by 2024, the global cosmetics packaging industry is expected to reach 33 billion US dollars (approximately 223.5 billion yuan). It is understood that the overall valuation of the global cosmetics packaging industry in 2015 was 23 billion US dollars (approximately 115.6 billion yuan). The latest research shows that the industry's compound annual growth rate will remain stable 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 are considered the main driving force for the growth of the packaging industry. A domestic brand engineer told a reporter from Cosmetics Finance Online that according to their 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. Transparency market research suggests that as more and more young people gradually urbanize, obtaining more disposable income is also one of the driving forces for growth. The analysis points out that "packaging innovation may have a greater impact on young people, who happen to be the main target audience of most cosmetics companies." In addition, research shows that plastics are expected to remain the choice in future cosmetic packaging; However, due to the increasing application of glass in high-end products, it will also occupy an important 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 latest data shows that in 2024, the cosmetics packaging market will reach 223.5 billion yuan. Among them, plastic remains the mainstay, while the use of paper and wood is showing an upward trend.
Recently, Transparency Market Research, a globally renowned market research company, released the latest data on the cosmetics packaging market. Data shows that by 2024, the global cosmetics packaging industry is expected to reach 33 billion US dollars (approximately 223.5 billion yuan).
It is understood that the overall valuation of the global cosmetics packaging industry in 2015 was 23 billion US dollars (approximately 115.6 billion yuan). The latest research shows that the industry's compound annual growth rate will remain stable 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 are considered the main driving force for the growth of the packaging industry.
A domestic brand engineer told a reporter from Cosmetics Finance Online that according to their 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.
Transparency market research suggests that as more and more young people gradually urbanize, obtaining more disposable income is also one of the driving forces for growth. The analysis points out that "packaging innovation may have a greater impact on young people, who happen to be the main target audience of most cosmetics companies."
In addition, research shows that plastics are expected to remain the choice in future cosmetic packaging; However, due to the increasing application of glass in high-end products, it will also occupy an important 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.
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