With the outbreak of the pandemic, the retail industry on the whole has seen a major shift in consumer behavior where customers now prefer to shop online and maintain least possible contact or prefer contactless shopping.
South-Korean labels will be the next to lead the way for the nations across the map as it is already the eighth-largest cosmetic market in the world with 3 percent of the total global audience paying heed to it.
In October-December quarter, products such as liquid toilet soap, antiseptic liquid, floor cleaner, toilet cleaner in the 'Hygiene & Immunity building' categories continued a high-value growth of 46 percent in comparison to the corresponding quarter.
Robust demand, supported by heightened hygiene consciousness, growing in-home consumption, and benign input costs will improve the operating profitability of packaging film companies to a decadal high of 19 percent this fiscal.
Since, work from home became the new norm, with most people confined to their homes, coffee consumption witnessed a sudden spike during this phase. And it's fair to mention that this trend is likely to continue in the coming years.
Three key consumer trends will dominate the Indian food and drinks market for the year 2021 - quality of the product (49 percent), proof of safe production (43 percent) and environment friendliness (43 percent).