In 2024, the global cosmetics packaging market will reach 223.5 billion yuan. Which type of packaging material is the most popular?
Time of issue:
2021-12-16
The latest data shows that in 2024, the cosmetics packaging market will reach 223.5 billion yuan. Among these, plastic remains the preferred material, while the use of paper and wood shows an upward trend.
The latest data shows that in 2024, the cosmetics packaging market will reach 223.5 billion yuan. Among these, plastic remains the preferred material, while the use of paper and wood shows an upward trend.
Recently, Transparency Market Research, a globally renowned market research company, released the latest data on the cosmetics packaging market. The data shows that by 2024, the global cosmetics packaging industry is expected to reach 33 billion USD (approximately 223.5 billion yuan).
It is reported that the global cosmetics packaging industry was valued at 23 billion USD (approximately 115.6 billion yuan) in 2015. The latest research indicates that from 2014 to 2024, the industry's compound annual growth rate will remain stable at 4.4%. Among them, emerging markets such as the Asia-Pacific region, the Middle East, and Latin America have a growing number of beauty consumers and are considered the main drivers of packaging industry growth.
A domestic brand engineer told the reporter from Cosmetics Finance Online that, according to their understanding, the Asia-Pacific region is the main source of revenue for the cosmetics packaging market. In 2016, this region accounted for 32.5% of the global cosmetics packaging market, and it is expected to maintain this growth rate in the coming years.
Transparency Market Research also states that as more and more young people gradually urbanize and gain more disposable income, this is also one of the drivers of growth. Analysis points out: "Packaging innovation may have a greater impact on young people, who happen to be the main target audience of most cosmetics companies."
In addition, the research shows that plastic is still expected to be the preferred choice for future cosmetics packaging; however, due to the increasing use of glass in high-end products, it will also occupy a "significant share." Environmental protection has been a popular topic in recent years, and the use of paper and wood in packaging is also expected to show an upward trend.
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