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In , the nation's cosmetics exports amounted to KRW 6. This represents an increase of Imports, on the other hand, reached a total of KRW 1. That is equivalent to about 4. The economic sector, therefore, achieved its largest surplus ever. In its previous year, the figure was 4.
Compared to , the industry was able to increase its export surplus by China is the world's largest consumer of South Korean cosmetic products. In , China imported KRW 2. Hong Kong, the US and Japan followed as other main export destinations.
Demand is also rising, especially in emerging regions such as Indonesia and Kazakhstan. South Korean products are particularly popular internationally for their high quality, according to the Yonhap News Agency. At the same time, the increasing popularity of South Korean pop culture in other countries also influences the purchasing behaviour of the target group.
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Particularly well-known TV series and popular musicians have a major influence on the buying behaviour of their fans. The new packaging will be an environmentally friendly cosmetic tube made mainly of paper-based material. The first carton-based tube will replace most plastic with organic materials similar to paper. In order to analyse all the benefits of the new product, the companies are now planning a complete life cycle analysis following its development. In the press release, the two companies announced that they intend to introduce the new tubes to the market in the second half of OTWorld in Leipzig, the world's largest and most important platform for the industry, opens its doors again in about half a year.
Anyone who registers NOW for a stand will enjoy huge discounts. Deadline: October Find more information about the discount possibilities here. You can register online. A consortium consisting of institutional investors is taking over and rebranding the business. The business was taken over and rebranded by a consortium of institutional investors.
Under the name Galderma, the company is now positioning itself as the market's largest independent manufacturer for skin care.
The consortium that carried out the acquisition consists of a number of institutional investors. The business is divided into three sectors: aesthetics, prescription and consumer care, all of which generate sales of 2. The company is launching a unique spray applicator and a new finishing technique. The North American packaging manufacturer Aptar has launched two new products for the cosmetics industry.
With Apollo, the company presents a new spray applicator that offers high adaptability, and with Luminous, a new, high-quality finishing technology is being introduced to the market.
The first product innovation presented by Aptar is its Apollo spray nozzle. It can be used as a closure for spray formulations and offers the possibility to choose between different spray options. For example, a wide spray for surface applications can be combined with a narrow spray for precise applications. Customers from the cosmetics industry can choose from a whole range of spray nozzles.
With Luminous, the company is also presenting a new design option for cosmetic packaging. This is a finishing technology for flexible tube products that promises a metallic shimmering, mirror-like finish. The innovation was developed in collaboration with Anomatic, a North American company specialising in aluminium products.
The cosmetics industry takes home four awards, including "Carton of the Year". This year, the cosmetics industry took home four prizes, including the award for the best box of the year, the most coveted prize at the awards ceremony. In addition to the Gold Award, the high-quality cardboard packaging also received the Audience Award. The product combination fits into a black cardboard box with a white lid and impressed the jury with its simple, elegant design, for which Omaks Packaging and Stora Enso were also responsible.
The decisive factor for the victory was the design's luxury group appeal. The company acquired the manufacturer Louvrette and the cosmetics department of Inotech.
Quadpack, the international packaging manufacturer, has expanded its presence in the European market with two acquisitions. After the German manufacturer Inotech had announced the sale of its entire cosmetics department to the company, a complete takeover of Louvrette followed.
Inotech has stated that Quadpack has acquired the entire cosmetics department of the German specialist for injection moulding and surfaces. Inotech will continue to control the production, while the new owner will be entitled to all distribution rights.