Data show that in 2024, the cosmetic packaging market will reach 223.5 billion yuan. Among them, plastic is still the big head, and the use of paper and wood is on the rise.

Recently, the world's leading market research company transparency market research (TransparencyMarketResearch) announced the cosmetic packaging market data. Data show that by 2024, the global cosmetic packaging industry is expected to reach 33 billion US dollars (about 223.5 billion yuan).

It is understood that the global cosmetics packaging industry in 2015 the overall valuation of $23 billion (about 115.6 billion yuan). The research shows that the industry's compound annual growth rate will stabilize at 4.4 percent 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 to be the main driving force for the growth of the packaging industry.

A domestic brand engineer told the reporter of "Cosmetics Finance Online" that according to his understanding, the Asia-Pacific region is the main source of income in the cosmetics packaging market. In 2016, the region accounted for 32.5 percent of the global cosmetic packaging market and is expected to maintain this growth rate in the coming years.

Transparency market research said that as more and more young people gradually urbanize, more disposable income is also one of the driving forces of growth. The analysis pointed out: "Packaging innovation may have a greater impact on young people, and these people happen to be the main target group of most cosmetics companies."

In addition, research shows that plastics are still expected to be the choice in cosmetic packaging in the future; however, due to the increasing application of glass in high-end products, it will also occupy an "important share"; environmental protection is a hot topic in recent years, and the use of paper and wood in packaging will also be on the rise. The use of soft plastics will also be on the rise.