The global sales of serum bottles are estimated to be worth USD 691.8 million in 2021 and are anticipated to reach a value of USD 1,176.2 million by 2031. Sales are projected to rise at a CAGR of 5.5% over the forecast period between 2021 and 2031. The revenue generated by serum bottles in 2020 was USD 655 million.
The market of serum bottles is driven, correspondingly, by the growing demand for skincare and cosmetic products featuring serums as key ingredients. With more personalized skincare and anti-aging treatments, there has been a greater demand for high-quality and elaborately designed serum bottles.
Advances in packaging technology, such as airless pumps and dropper systems, improve the effectiveness of the product and the consumer experience. The developing popularity of premium and luxurious beauty brands adds to growth in the market.
Besides, sustainability in packaging solutions and eco-friendliness are the current demands of consumers and pressures for regulators. The increasing e-commerce channels and direct-to-consumer sales further spur demand for innovative serum packaging.
Global Serum Bottles Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 655 million |
| Estimated Size, 2021 | USD 691.8 million |
| Projected Size, 2031 | USD 1,176.2 million |
| Value-based CAGR (2021 to 2031) | 5.5% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Serum packaging involves reliable and sustainable solutions that guarantee safe handling and transport with insignificant environmental impact. Serum bottles are highly suitable for cosmetics and drug packaging. These bottles provides dimensional and cosmetic tolerance to the liquid substances.
The pharmaceutical industry is one of the most dynamic sectors of the economy. The rapid surge in the investments in pharmaceutical industry are impelling substantial changes in the pharmaceutical packaging and hence fueling the demand for serum bottles.
Over recent years, beauty and personal care sector is witnessing lucrative growth in developed and developing countries across the globe. To comply with the increasing consumer demand many small scale cosmetic manufacturers are emerging. This, in turn, is resulting in increasing consumption of serum bottles.
Moreover, serum bottles are ideal for storing and packing chemicals and solutions that require highest purity. This is attributable to their resistance to chemical or thermal reactions with the contents. Rapid growth in the demand for chemicals ascending investments in domestic businesses is also providing impetus for the growth in demand over the coming years.
Serum bottles are suitable to be used as containers for storing samples, vaccines or injectable drugs for long and short term. These bottles are non-porous, impermeable, and does not have any reaction with the products filled inside it. These bottles are also used for avoid contamination and preserving the products for long term.
With the looming effect of COVID-19 pandemic, governments across the globe are investing significantly in the vaccination production and supply in order to prevent the spread and contamination by COVID-19 virus. These investments are creating high growth virtues for the consumption of serum bottles over the coming years.
Principal Consultant
Asia Pacific region is projected to expand with highest growth rate over the forecast period, owing to increasing investments in pharmaceuticals and cosmetic packaging coupled with technological advancements. The prevalence of large number of manufacturers in the countries such as China, India, etc. is paving the way for market growth in the region.
Presence of world-class healthcare infrastructure coupled with dominance some of the biggest and oldest pharmaceutical companies in the world in the countries such as Germany, UK, Italy, etc. is expected to augment the market growth in the Europe over the forecast period.
USA is also expected to hold substantial share in the global market owing to the rising prominence of beauty and cosmetic products in the USA owing to high disposable income and increasing number of new entrants in the cosmetic manufacturing.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Some of the leading manufacturers and suppliers include
Leading manufacturers are focused on expansion of their manufacturing facilities along with sales and distribution network in emerging markets across the globe. Also, continuing efforts are being made to further improve the cost and performance parameters for different applications. Attributing to the presence of number of global & regional players, the market witnesses fierce competition.
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.
Explore Packaging Insights
View Reports
Serum Bottles Market
