Tuesday, 3 December 2013

Skincare and flexible packaging continue to dominate Hong Kong’s health and beauty market


The skincare category continues to dominate Hong Kong’s health and beauty market and is expected to continue to do so till 2017, growing at a CAGR of 6.96% between 2012 and 2017 – a significant step up from the market’s general growth at a CAGR of 4.79%. In 2012, 84.4 million skincare packs were sold in the Hong Kong market, and this figure is forecasted to rise at a CAGR of 6.13% to 2017, reaching 113.6 million packs sold. Meanwhile, flexible packaging is expected to retain its stronghold on the market in terms of items sold, and is forecasted to reach 96.4 million items per annum by 2017 – 72.5 million more than its closest rival, rigid plastics.


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