Barcode standards body partners with cosmetics industry group

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The story "Barcode standards body partners with cosmetics industry group" was covered 15 hours ago by Business Mirror, a news publisher based in Philippines.

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Barcode standards body partners with cosmetics industry group - Business Mirror

Quick Summary:

GS1 Philippines, the leading organization on local barcode standards, said it is partnering with the Philippine cosmetics industry to combat fake products and enhance consumer confidence with the use of advanced barcode technology.

Moreover, in 2023, cosmetic products were among the counterfeit goods seized by the Bureau of Customs, it also noted.

Citing data from Statista, GS1 Philippines noted the beauty and personal care market in the Philippines is projected to generate US$6.47 billion in revenue in 2024, with an annual growth rate estimated at 1.32 percent until 2028.