In 2024, the global cosmetics packaging market is expected to reach 223.5 billion yuan. Which packaging materials are popular?
Release time:
2024-12-31
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 remains the largest segment, while the use of paper and wood is on the rise.
Recently, the globally renowned market research company Transparency Market Research released data on the cosmetics packaging market. The data shows that in 2024, the global cosmetics packaging industry is expected to reach 33 billion USD (approximately 223.5 billion yuan).
It is understood that the overall valuation of the global cosmetics packaging industry in 2015 was 23 billion USD (approximately 115.6 billion yuan). Research indicates that the industry will grow at a stable compound annual growth rate 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 the main driving force for the growth of the packaging industry.
A domestic brand engineer told the reporter from "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, this 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 Transparency Market Research, as more and more young people gradually urbanize, the increase in disposable income is also one of the driving forces for growth. Analysis states, "Packaging innovation may have a greater impact on young people, who happen to be the main target group for most cosmetics companies."
In addition, research shows that plastic is expected to remain the choice for cosmetics packaging in the future; however, due to the increasing use 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 increasing. The use of wood will also increase.
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