With the snowballing social media market, the social media influencer industry is further expanding at an astronomical rate. These influencers come up with trends which are hugely followed by their enormous number of followers.
One of the most popular trends are witnessed within the cosmetic industry is of nail art and hence, the market for nail polish is thriving. As a result of that the demand for nail polish packaging is rising significantly. Demand for nail polish packaging market is predicted to rise at a CAGR of 4.2%, attributed to:
During the period ranging from 2020 to 2022, nail polish packaging demand prospects appeared limited attributed to the onset of the COVID-19 pandemic. This blip was gradually overcome since mid-2021, leading to resurgence in growth projections. As per this report, demand for nail polish packaging is expected to surge at over 4.2% CAGR until 2032.
| Data Points | Key Statistics |
|---|---|
| Estimated Value of Global Nail Polish Packaging Market by 2022 | US$ 2.3 Billion |
| Documented Market Value of Nail Polish Packaging Market in 2032 | US$ 3.5 Billion |
| Estimated CAGR from 2022 to 2032 | 4.2% |
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Asia Pacific is predicted to the fastest growing region for the nail polish packaging market. With growing disposable income, the consumers are likely to spend a fortune as they are mainly focused on grooming themselves and nails play a huge part in it.
Hence, most of them end up going to a salon or nail spa. This further increases the demand for nail polishes which in turn drive the demand for nail polish packaging. Therefore, Asia pacific has a great potential for the for nail polish packaging in the upcoming decade.
Owing to the consumer’s shift in preference for eco-friendly, high-end and more sophisticated packaging, the premium nail polish packs have become the go to choice for consumers. Hence, the premium nail polish packs segment is forecasted to grow at the fastest rates.
The cosmetics industry is witnessing growth in leaps and bounds mainly attributed to the rising demand from the youth for products to enhance their looks and presence. There are a wide variety of products available in the market, out of which nail polishes are used to provide a finish to the nails as well as color them. Growing nail polish market is directly aiding to the growth of the global nail polish packaging market.
Nail polish packaging manufacturers are focusing on lucrative packaging format for differentiating their product. Consumers are spending more on nail polish packs, they preferring premium nail polish packs over the plain and simpler packs. This factor is encouraging packaging manufacturers to develop new nail polish packaging designs and formats.
Nail polish packaging manufacturers are focusing on creating designs that are attractive small, easy to carry during travelling and are unbreakable.
Principal Consultant
Rising disposable income of the middle class population coupled with an increasing emphasis on enhancement of looks is driving the growth of the global nail polish packaging market. Global Nail polish packaging market is driven due to high consumption of nail polish by the consumers.
Nowadays nail polish is part of the outfit, for the aesthetic appeal of the consumers. They are using nail polish for daily purpose and commercially in the nail Spa and salons. Thus increase the application of nail polish, raising the demand for the nail polish packaging. The packaging of nail polish has a high impact on the nail polish buyer.
As, there are variety of nail polish present in the market, to differentiate, nail polish manufacturers are depending on packaging manufacturers to bring out such packaging solution that wins on shelf competition. One of the trend of the nail polish packaging market, is that consumers are preferring decorative bottles, elongated caps over conventional nail polish bottles.
Nail polish packaging manufacturers are using different packaging materials like glass, plastics, and other material. Consumers are showing interest in nail art and investing more in do it yourself fashion trend.
Global nail polish packaging market is segmented into seven regions including North America, Latin America, Eastern Europe, Western Europe, Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan. In Asia Pacific region, nail polish packaging market is showing growth, as consumers are spending more on salons, nail Spas, this rises demand the nail polish.
So, nail polish packaging manufacturer have great scope to develop the market in this region. In North America, there is a constant demand for the nail polish, thus the constant growth of the nail polish packaging market over this region. Majorly manufacturers depend on e-commerce sites for sales.
Changing lifestyles of consumers over the Middle East and Africa region is rising demand of the nail polish over the region, as there is less competition for local packaging manufacturers, there is scope for global nail polish manufacture to establish market over this region.
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Some of the key players of nail polish packaging manufacturers are Gerresheimer AG, Amcor Ltd, Silgan Holding, Shandong Dingxin Glass Co., Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global nail polish packaging market is segmented on the basis of material type, packaging type and end use
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