Marie Redding, Associate Editor11.01.17
The skincare market is on the rise, analysts say. The global market for skincare products is forecasted to reach $179 billion by 2022, growing at a CAGR of 4.7%, according to Allied Market Research’s Skin Care Products Market Report. The facial skincare category represents a major portion of the overall market, the report states, and the face creams segment is projected to grow at a CAGR of 4.9% through 2022.
The need for packaging for skincare products is also on the rise. The report by Research and Markets, The Global Skin Packaging Market 2016-2022, says the global skincare packaging market will grow at a CAGR of 5.5% during the forecast period, up from $7.67 billion in 2016 to $10.57 billion in 2022.
Skincare brands are facing increased competition, and packaging suppliers are offering brands ways to differentiate with new designs that offer convenience, ease-of-use and advanced capabilities. Packaging for skincare products includes a wide range of opt
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