China Personal Care Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Chinese personal care packaging market is expected to register a CAGR of 6.72% during the forecast period of 2022-2027. The personal care market in China has been one of the fastest-growing sectors in the last few years, benefitting from an increasingly engaged consumer base, which is augmenting the growth of the market studied. In a background of diminishing economic growth and a tangible downturn in the willingness of Chinese consumers to spend, China's cosmetic sector is a bright point that has maintained impressive growth. For instance, according to China's National Bureau of Statistics (NBS), the retail sales of cosmetics in China amounted to CNY 30.99 billion in November 2021.
Key HighlightsThe Chinese personal care packaging market is moderately competitive with the presence of major players like Amcor PLC, Silgan Holdings Inc., and Albéa. The established players in the industry are leveraging their manufacturing capabilities research and development ecosystem to drive innovation and sustain their competitive position in the market.
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