Organics Are Driving Packaging Market's Boom

Strong demand for organic cosmetics is driving growth of the packaging market, which is expected to have a compound growth rate (CAGR) of 5.07% during the period 2016-2020.

According to a Research and Markets report, the "Global Cosmetic Packaging Market 2016-2020," the emergence of organic cosmetics will be a key trend for market growth. A rising demand for organic cosmetics, despite their high cost, is driving market growth, the report said.

Packaging to Reflect Eco-consciousness
Also, organic cosmetics are being preferred to synthetic ones due to an increase in health and environment consciou­sness. The future growth of this market will be fueled by the development of anti-aging and hair care products. Manufacturers of these products are looking for packaging products that can actively promote their brands and product lines as all-natural and organic and, thus, are focusing on procurement of eco-friendly and sustainable packaging, the report concluded.