According to Future Market Insights research, during the projected period, the global tottle containers market is set to enjoy a valuation of US$ 184.3 Million in 2022, and further expand at a CAGR of 5.2% to reach US$ 305.8 Million by the year 2032. The sales of the tottle containers are anticipated to bolster with the top 5 companies projected to hold approximately 20 to 25% of the market by the end of 2022.
Based on the capacity segment, the 5 to 10 Oz market segment is projected to create a growth opportunity for the global tottles containers market due to increased online shopping by the consumers. The capacity segment is anticipated to grow 1.5x the current market value during the forecast period.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 184.2 Million |
| Market Size 2032 | US$ 305.8 Million |
| Value CAGR (2022 to 2032) | 5.2% |
| Collective Value Share: Top 3 Countries (2022E) | 25 to 30% |
According to the research conducted by Future Market Insights, the tottle containers market revenue totaled US$ 175.4 Million in 2021. With the rising demand for cosmetics & personal care products, the global tottle containers market is estimated to reach US$ 305.8 Million by 2032, increasing at a CAGR of 5.2% throughout the forecast period.
The tottle containers market is expected to experience a lucrative growth outlook during the forecast period. A new estimation of FMI predicts that tottle containers sales will rise during 2022-2032 and is projected to generate an attractive incremental growth opportunity of US$ 130.4 Million.
The rise in demand for easy to use cosmetics products is projected to bolster the demand for tottle containers. The tottle containers market is predicted to expand 1.7 times the current market value during the forecast period.
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The global tottle containers market witnessed a CAGR of 4.7% during the historic period with a market value of US$ 175.4 Mn in 2021.
A tottle is a combination of a tube and bottle which is inverted in shape and mostly used for packaging beauty and personal care products. Tottle containers are made from polypropylene, high-density polyethylene, and PET. Tottle containers are bottle-shaped tubes specifically used for carrying sunscreens, lotions, hair care, and other products. Tottle containers are provides attractive packaging for the products with easy handling. The tottle rests on the dispensing cap which allows the products to easily dispense from the tottle without much effort. Tottle containers provides transparency to the products and allows to customize by applying prints and designs as per the consumer preferences. The customization helps to attract more consumers and create growth opportunities for the tottle containers market. One of the famous product is Dabur honey squeeze packaging gaining market attraction in the food packaging segment. The tottle containers advantages can create future opportunities for the tottle containers market.
The tottle containers are crating the market demand in the cosmetic and personal care segment. The tottle containers being convenient to use attracts the most number of consumers in the beauty products segments. Tottle containers are mostly manufactured by PET and PE material as they are great alternative for glass packaging. The tottle containers made from plastic are rigid and cost effective solution for packaging beauty care products. Shampoo, conditions, moisturizers and other products are packaged in this newly adopted packaging solution. The tottle containers are the new age solutions for sustainable packaging. Tottle containers accentuate the aesthetics of the packaging which is the major part of marketing the product. This can upgrade the products compare do the other products available in the market. Tottle containers provides the best experience while using the cosmetics and personal care products.
Nowadays, consumers are becoming more interested in self-care and are trying to improve their beauty, and the demand for these personal care products is rising continuously. Tottle containers are gaining market popularity due to their conveniences while handling and dispensing the product. Also, the tottle product designs provide a lavish and luxurious experience while using the product. All these factors the boosting the demand for tottle containers in the market. With the constant increase in the demand for various face care, body care, hair care, and other luxurious products and upgrading lifestyles, the tottle containers market is becoming the most attractive packaging market in the coming days.
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Based on the capacity segment, the 5 – 10 Oz segment is estimated to remain the leading segment for the tottle containers market during the forecast period. The 5 – 10 Oz segment is expected to account for around 52% of the market value share by the end of 2032.
The expanding Cosmetics and personal care industry is projected to generate high demand for the tottle containers. The cosmetic and personal care industry is growing due to consumer are focusing more on grooming and consumer seeking healthy lifestyle after covid pandemics. The Cosmetics & personal care industry segment is estimated to grow 1.8 times the current market value during the forecast period.
According to the Professional Beauty Association (PBA), the salon and spa industry is the fastest growing sector in the U.S. market having more than 1.2 Bn establishments and generated more than US$ 62 Bn sales. This data shows that the salon and spa industry is the major driving market foe the tottle containers. The use of tottle containers for packaging shampoo and conditioner is gearing up and these products are largely used in the spa and salons. With the increase in luxurious services demand by the consumers by visiting regularly, and getting various hair styles and hair colours done, the salons and spas are going to be a fruitful market for the tottle containers.
Indian tottle containers market is projected to register a CAGR of 5.9% during 2022-2032. According to the data published by Grand Academic Portal (GAP), a global journal of interdisciplinary studies, the Indian organic beauty market is flourishing as most of the consumer are preferring organic cosmetics over chemical cosmetics brands. Consumers are moving towards various organic beauty brands such as 52.9% consumers using forest essential, 23.55 consumers using kama Ayurveda and 17.65 consumers using khadi naturals and all of these are the organic cosmetic brands. The shift towards the organic beauty products by the consumer augmenting the sales to tottle containers.
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The key players in the global tottle containers market are trying to capture the market share. The key players are focusing on catering to the growing demand for convenient, attractive and low cost packaging through expansion and collaboration with various organizations.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.2% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Material, Capacity, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | United States Plastic Corporation; HCP Packaging; SKS Bottle & Packaging, Inc.; LUMSON S.p.A; Maynard & Harris Plastics; Shanghai Brother Precision Mould Co. Ltd.; Berlin Packaging; Measom Freer & Co Ltd.; Quadpack; Weber International Packaging Company LLC; Pin Mao Plastic Industry; Eastar Cosmetic Packaging; TricorBraun; Bakic Packaging GmbH; Plásticos FACA S.A; FusionPKG; Kindu Packaging; Albea Packaging and More; SP Beauty Pkg; APG Cosmetic Packaging; Impacked Packaging; APC Packaging |
| Customization & Pricing | Available upon Request |
In 2021, the value of the global tottle containers market was US$ 175.4 Mn.
During the forecast period, the global tottle containers market is anticipated to expand at a CAGR of 5.2%.
The global tottle containers market is expected to reach US$ 305.8 Mn by the end of 2032.
During the forecast period, the cosmetics & personal care segment is likely to be the fastest-growing end use segment in the global tottle containers market.
The increasing demand for convenient, attractive and low cost packaging drives the demand for global tottle containers.
United States Plastic Corporation, HCP Packaging, SKS Bottle & Packaging, Inc, LUMSON S.p.A, Maynard & Harris Plastics, Berlin Packaging, and Measom Freer & Co Ltd., are the top players supplementing the sales tottle containers.
As per the FMI analysis, the Indian tottle containers market is projected to expand at a CAGR of 5.9% during 2022-32.
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