The global cosmetic vials market is anticipated to accumulate a market value of US$ 6.1 billion in 2023 and is expected to record a market valuation of US$ 9.9 billion by exhibiting a CAGR of 4.96 % in the forecast period 2023 to 2033. The market for cosmetic vials registered a CAGR of 3.1% in the historical period 2018 to 2022.
With the increasing usage of serums and oils in skincare products, the demand, and sales for glass packaging, which offers a premium look to products, is anticipated to increase as the demand for products with applicators. Face serums and oils have witnessed demand over the last few years, as they offer hydration, blemish-clearing benefits, moisturization, anti-aging, and skin repair, among others. These premium products have been observing demand among the aging population. Their increase in demand has led to the growth of dropper and push pump bottles, pushing growth in the cosmetic vials market.
Also, the rapidly expanding market for nail care products is significantly contributing to the growth of glass vials in the cosmetic industry. The success of gel formulas contributes to growth, and artistic manicures, with liquid nails, and polishes still on the path to growth. According to a survey conducted by Nail Magazine, a prominent magazine based in California, the United States, around 74 % of the women, who visit nail salons buys their supplies, tools, and equipment, instead of using salon supplies.
Because of the growing demand for premium quality products among millennials and the urban population as a result of improving economic conditions and a better lifestyle, the cosmetic sector has extended its use of high-quality packaging to preserve product quality and shelf life. This step in the cosmetics sector is anticipated to open new doors, leading to market expansion.
On the other hand, the robust growth of the e-commerce industry in both developed and underdeveloped countries is creating a demand for cosmetic bottle packaging. The rising launch of cosmetic products through e-commerce platforms like Amazon and Walmart is accelerating the demand for innovative packaging materials for cosmetics. Furthermore, the e-commerce sector is stimulating the demand for smart packaging of cosmetics for their rapid delivery, which is providing further impetus to the growth of the cosmetic packaging industry.
On the regional end, the market in Asia Pacific is projected to grow at the fastest CAGR of 5% during the forecast period. The presence of leading market participants catering to a large consumer base is expected to contribute to the growth of the regional cosmetic vials packaging market. The region is also expected to witness growth due to growth in emerging economies such as South Korea, Malaysia, and Thailand owing to the growing consumption of cosmetic products, notably among millennial consumers in these countries.
Likewise, North America is anticipated to accumulate over 40% market share by end of the forecast period. The popularity of Korean beauty products continues to bolster the regional market, most notably the Canadian cosmetic bottle packaging market.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 6.1 billion |
| Projected Market Value in 2033 | US$ 9.9 billion |
| Growth Rate (2023 to 2033) | 4.96 % CAGR |
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Recent developments in technology, mergers, acquisitions, tie-ups and partnerships within the companies involved in manufacturing cosmetic vials are expected to create lucrative prospects for market growth during the forecast period.
The global Cosmetic Vials Market is expected to increase at a growth rate of around 4.0% to 5.0% during the forecast period.
Demand for cosmetic vials will witness stable recovery in the short term, with a positive growth outlook in the long run after the pandemic. The digital transformation of the industrial landscape means that there are favorable growth prospects for the market in the forecast period.
Vials are small, closable tubes that are used in various industries such as cosmetics, pharmaceuticals, and households. A vial is a better choice for storing cosmetics as it not likely to break and splinter and it is also a light material.
Cosmetic vials offer a much better thermal insulation that keeps the product at the right and appropriate temperature. The major application of the cosmetic vial is packaging of cold cream, lotions, makeup, perfume and other personal care goods that will be sold in retail markets to the consumers.
Packaging used for cosmetics must be attractive, eco-friendly and also should offer more variety in shape, colour, style, and size. This unique and specialized type of cosmetic packaging anticipates a steady growth during the forecasted period.
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The demand for vials is essentially driven by the increasing demand for the usage of small quantities of cosmetics either for minimal use or to test using a sample. They mostly are placed in either a frosted or clear vial which makes them distinguishable.
Usage of glass or plastic material vials would not impart any alteration to the cosmetics stored maintaining the purity of the cosmetic, therefore, acting as a driver of the cosmetics vials for packaging in the cosmetics industry. Vials made up of glass are also recyclable and are highly preferred by customers who prefer green products.
Cosmetic manufacturers prefer the usage of packaging which maintains and provides a longer shelf life of the cosmetic and also provide a hassle-free, contamination-free storage. All these factors act as a demand from the end-user which are easily met by the cosmetic vials.
Cosmetic vials have some limitations that act as a barrier to the growth of the market. During the manufacturing process, vials must be held still during the piercing and laser sealing procedures for which manufacturers have to invest a lot in the R&D of new equipment.
Also, glass cosmetic vials are susceptible to mechanical damage because of which additional protection must be given to the glass packaging to prevent breakage. This creates an opportunity for the plastic cosmetic vial in the market.
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Cosmetic vials packaging used for luxury products supports in meeting consumer satisfaction and increases the chances of spreading a positive word of mouth of the specific brand and also repurchasing the product.
Cosmetic industry manufacturers are focusing on expanding their product lines by introducing various premium packaging such as cosmetic vials for cosmetic and perfume applications. All these factors are anticipated to fuel the demand for cosmetic vial packaging during the forecast period.
Key global players of the Cosmetic Vials Market are:
Key players in the Asia Pacific region of the Cosmetic Vials Market are:
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Cosmetic Vials Market
