According to a report released by market and markets, the world's second largest market consulting company, the global cosmetics packaging market is expected to grow from 49.4 billion US dollars (about 345.51 billion yuan) in 2020 to 60.9 billion US dollars (about 425.94 billion yuan) in 2025, with a CAGR of 4.03%.
The report points out that the rapid growth of the global cosmetics packaging industry is mainly due to the growing global demand for cosmetics; the demand for innovation, high quality and unique packaging design is another key factor for the continuous growth of the cosmetics packaging market in the next few years. In terms of the market segment, the volume and quantity of folding paper packaging increased at the highest compound annual growth rate in the forecast period. The growth of this market segment is attributed to the growth of demand for cosmetics brands.
In addition, paper packaging also provides innovative packaging solutions for cosmetics brands, because they provide greater flexibility for printing, thus further providing a visual impact with impact and improving the attractiveness of products. From 2020 to 2025, paper packaging will become the fastest growing part of the cosmetic packaging market. The growth comes from various factors, such as the increase of demand for sustainable packaging or green packaging, but the increase of demand for environmental protection packaging is the most important factor for the growth of this market segment. Some time ago, L'Oreal, P & G and other giants also actively responded to environmental protection initiatives, especially for packaging design to carry out plastic reduction activities.