- Total beauty and personal care packaging is set to see a 3% retail volume CAGR over the forecast period to reach 5.5 billion units in 2021, driven primarily by increasing demand from a growing population.
- Despite a growing number of environmentally aware consumers in Mexico, they continue to represent a small group. Therefore, leading premium brands are expected to continue to offer folding cartons as secondary packaging of most products, with the goal of communicating sophistication and higher quality. As a result, paper-based containers is projected to see a 3% retail unit volume CAGR in total packaging terms over the forecast period.
- Convenience is likely to remain one of main drivers of new product development in closures. In the forecast period, beauty and personal care may continue to see an increase in the presence of more sophisticated plastic screw closures. This type of closure is perceived to avoid spillages/leaks, allow more control when pouring certain products and help consumers to portion the required amount of product.
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