Kola
Farayola, Commercial Manager, First Aluminium Nigeria Plc, on Friday said that
premium cosmetics packaging revenue might appreciate to N48.6 billion by 2017.
Farayola
made this disclosure while speaking on the sidelines of the ongoing Packaging
and Labelling Exhibition (PROPAK) in Lagos. Quoting Euromonitor, a UK-based
market research company, Farayola said that the cosmetics and personal care
products packaging has grown from N22.8 billion in 2010 and N32.4 billion in
2012.
He
said that the growth indicates that there is a high market for cosmetics
consumption due to the changes in taste and fashion, especially by Nigerian and
African women.
He
said that the premium packaging of cosmetics which largely included the use of
