Top 3 trends in China’s beauty and cosmetics industry in 2020

According to the latest status and development trends of the global and Chinese beauty and cosmetics markets, we summarize the 3 development trends of the beauty and cosmetics industry in 2019-2020:

Trend 1. The scale of Chinese cosmetics industry continues to grow steadily

In 2020, the size of China’s cosmetics market is expected to exceed RMB 400 billion, of which online transactions will account for half. At present, there are more than 4,000 enterprises that have obtained the cosmetics production license in China, with nearly 500,000 kinds of domestic cosmetics.It should be said that a large number of small and medium-sized enterprises will be eliminated in the 2018 competition, and the market competition is intensified, while the overall market size of cosmetics consumption will continue to grow steadily.

NINGBO LONGWAY PACKAGEING S&T CO.,LTD as a professional Cosmetic packing material manufacturer, Also develop to beauty makeup direction gradually, such as produce eyeshadow palette, air cushion, fancy acrylic products.

Trend 2. Booming development of social e-commerce

According to statistics, there are more than one million “we media” accounts in operation. In addition, taobao e-commerce live broadcast and short video platforms have given birth to a large number of web celebrity IP beauty brands. Moreover, the deep cooperation between enterprises and web celebrity IP signing and authorization has become normal.

NINGBO LONGWAY PACKAGEING S&T CO.,LTD has many stores in Taobao, Tmall and 1688 including domestic and abroad. We sell PET bottle, cream jar, PETG bottle and other sprayer, lotion pumps on it.