3 Top tides of cosmetic packaging in North and South America
2015-01-31 14:48:00
cosmetic packaging
Being the highest regional share all over the world,direct selling accounts for over a quarter of all cosmetics and personal care sells.
As for specific beauty products, mass cosmetics, products at a lower price point, represent over 90% of sales in every country in Latin America, whereas premium cosmetics account for 35% of sales in Canada and the United States.
Middle income consumers drive beauty and personal care growth throughout Latin America, most notably in Brazil and Perú.
Sound economies are giving rise to a growing middle class in most of the region, whose expanding disposable incomes help fuel Beauty and Personal Care demand. On the other hand, Argentina and Venezuela are battling surging inflation that has eroded consumers’ purchasing power.
Product innovation is growing rapidly in Bolivia and México.
Canada and the U.S. are seeing advanced skin care technology development, and the demand for products containing natural ingredients present growth opportunities in Colombia, Costa Rica and the Dominican Republic.Demand for natural formulations see growth in Colomnbia,Costa Rica and the Dominican Republic and at the same time,Canada and the U.S are seeing advanced skincare technology development and trying to take full advantages of it to make some difference.
And finally,we supplierss of cosmetics packaging should seize the chance to enlarge the marketshare.