According to research, the global cosmetics industry has experienced rapid growth over the years and is predicted to be worth USD 390.07 billion in 2020, increasing at an annual rate of 3.7%. In particular, the total revenue of China’s Beauty and Personal Care Product industry is forecasted to increase from RMB 303,016.20 in 2014 to RMB 475,913.80 in 2018. While cosmetic ingredients occupy a large part of the personal care industry, other industry segments like packaging, machinery, testing, and substrates are equally important in the development of the industry.
The cosmetics packaging industry is predicted to grow at a CAGR of 5.4% from 2013 to 2018, and is expected to be worth USD 32.4 billion by 2018. This growth is fuelled by the four most important trends driving personal care packaging – sustainable development, convenience, male cosmetics, and value-added products.
In order to better serve the industry and cater to a larger spectrum of cosmetic manufacturers and suppliers, PCHi 2016 will present a more comprehensive and varied exhibitor line-up through the introduction of a dedicated zone - Packaging & Testing @ PCHi. This year, we have expanded the exhibitor profile to include companies in the packaging, machinery, testing, and substrate sectors, so if that piques your interest, come and join us!