The output value of cosmetic packaging is getting bigger and bigger

The output value of cosmetic packaging is getting bigger and bigger

Update:15 Feb 2019

It was learned from the 11th Guangzhou International Cosmetics Packaging Exhibition, which is known as the "China Modern High-end Packaging Market Barometer". The total output value of China's packaging industry is expected to reach 600 billion yuan this year, an increase of about 6% over last year. It is reported that the 11th Guangzhou International Cosmetics Packaging Exhibition will be held at Nanfeng International Convention and Exhibition Center from March 18th to 20th. According to research information, the total output value of China's packaging industry is expected to reach 600 billion yuan this year, an increase of about 6% over last year. Among them, the high-end packaging industry, which once fell into a pause in the past two years, will regain its upward trend this year. The output value is expected to reach 140 billion yuan, an increase of about 8% over last year, which is higher than the average growth rate of the industry. In this regard, some people in the industry have analyzed that the central government's efforts to curb public consumption and oppose extravagance and waste "combination boxing" indirectly have indirectly caused some products and enterprises that are overly concerned with high-end packaging to fall into a dilemma. This shows that excessive high-end cosmetic packaging not only destroys the consumer's perception of the product, but also affects the company's profits.
In fact, the steady growth of Chinese national consumption power has led to the growing market size of industries including jewellery, cosmetics, tea, wine, tobacco, fine foods, health products, electronic products, gifts, etc. At the same time, market competition in these industries is increasing. Labor costs continue to rise, environmental protection requirements continue to increase, which has led to a large number of business opportunities in the field of high-end packaging materials, packaging design, packaging manufacturing. In this regard, many people in the industry believe that after one or two years of integration, only pay attention to the changes in consumer consumption concepts, avoid excessive exaggerated high-end packaging, and create a creative, convenient, concise, individual, eye-catching packaging, high-end cosmetic packaging. The industry can gradually find the breakout point of industrial development.

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