Cosmetic Spray Bottles Market
The global cosmetic spray bottles market is expected to rise at a CAGR of ~5.1%, during the forecast period.
The cosmetic spray bottles market is expected to witness a soaring growth in 2021 with worldwide revenues up 4.5% year over year. A new forecast by Fact.MR estimates that cosmetic spray bottles revenues will nearly double between 2021 and 2031. The majority of sales of cosmetic spray bottles are because of their elegant packaging and human inclination towards convenient products.
Cosmetic Spray Bottles Market: An Overview
The global packaging sector has seen a tremendous change, it is not only limited to secondary and tertiary but also takes into account primary packaging. There hasn’t been a dynamic innovation in liquid dispensing products for cosmetics, instead, key manufacturers have optimized and incorporated present technologies for dispensing purposes. In short, a spray bottle can spray or mist a fluid and is considered an ideal dispensing system for cosmetics.
Cosmetic spray bottles are exemplary innovations for dispensing contents in a concentrated flow of liquid. Various materials are being used for the production of cosmetic spray bottles which can be transparent or opaque and possess capabilities to be labeled, printing or hot stamp according to the customization options chosen by the consumer.
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What Accelerates the Market Growth of Cosmetic Spray Bottles?
The presence of customization in the cosmetic industry is one of the notable factors that escalate the sales of cosmetic spray bottles. The transformation of cosmetic spray bottles into different sizes and shapes has caused a breakthrough in industry as it accumulates a varied number of products for every consumer.
Moreover, the introduction of child-resistant closures in cosmetic spray bottles has reduced the cases of infant poisoning. Also, the quality of products is reliable as it stores liquid without any spill or leakage during transportation. All these factors positively impact the sales for the target market and are anticipated to an exponential increase in the future.
How will Ever-Evolving Production Technology Cater for Market Opportunities for Cosmetic Spray Bottles Market?
The packaging sector is an ever-evolving domain. The cosmetics and personal care industry is a market that works on the principle of beautification of product packaging. More the allured method of packaging more will be the demand for the product. Thus, players in the industry pay an important amount for the design and aesthetics of the product.
This is one of the largest revenue-generating markets, if proper plans are executed it can account to be one of the most prominent opportunities for the next few decades. This particular aspect will help to surge the demand of the cosmetic spray bottle market in the forecast period.
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What are the Key Market Trends Impacting the Cosmetic Spray Bottle Market?
Manufacturers are taking the necessary steps to improve the accuracy and overall functionality of cosmetic spray bottles. New products launched in the market are keenly focused on varied demands of utilization by consumers through enormous surveys that big players conduct.
This helps in determining the improved accuracy of their product portfolio application. This trend of one-to-one interaction with the end-user has made competitors well versed with the requirement that consumers need in the product. Thus following this trend will help in causing a positive impact on the growth of cosmetic spray bottles in the future.
What are the Market Restraints for Cosmetic Spray Bottles Market?
The majority share of cosmetic spray bottles is manufactured using plastic as a raw material which causes a major environmental concern as plastic is non-biodegradable. Thus, manufacturers need to move towards a greener yet sustainable approach due to regulations implemented by various organizations. Chemicals in the cosmetic spray bottles are densely concentrated which makes them hazardous to the human body in case of inhalation.
In addition, pathogens that develop inside cosmetic spray bottles due to oxidizing nature of components or due to prolonged exposure to UV light will hinder the growth of cosmetic spray bottles.
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Global Players: -
- Canyon Europe Ltd.
- Pack Logix
- KlagerPlastik GmbH
- Demaris GmbH
- Paragon Packaging Inc.
- PB Packaging
- MJS Packaging
- Kaufman Containers
- Delta Industries
- All American Containers Inc.
APAC Players: -
- Syscom Packaging Company
- Sarvottam Polymers Pvt. Ltd.
- Yiwu Heypack Cosmetic Packaging Co. Ltd.
- Guangzhou Honghua Glass Technology Company
- Guanzhou Jiaxing Glass Products Co. Ltd.
- Marunochi Bussan Co. Ltd.
- Taisei Kako Co. Ltd.
What Strategies Are Adopted by Key Players for Increasing their Market Share in the Cosmetic Spray Bottles Market?
The key competitors implement various strategies such as product launch, merger & acquisition, expansion, innovation and others to survive and compete in the market:
- In August 2019, Mirius company launched a trigger spray bottle that is 100% recyclable in nature. It can be used to introduce low-cost cosmetic products in developing nations where the market is difficult to penetrate because of the presence of the large number of players. With this product, the company can increase their revenue exponentially in the coming years.
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Why will India hold a Prominent Share in the Cosmetic Spray Bottles Market?
India is projected to be the largest growing emerging country in the cosmetic spray bottle market in terms of volume and value. Due to key reasons such as ease of Foreign Direct Investment laws, lower tax slabs for foreign investors, growth of per capita income, rise in population, and increase in demand for cosmetic products among middle-class families with a surplus amount of disposable income will escalate the sales of cosmetic spray bottles.
The high demand for exclusive branded products and consumer inclination towards exquisite packaging along with increased living standards is anticipated to increase the demand for the cosmetic spray bottle market in India.
How has COVID-19 impacted the Growth of the Cosmetic Spray Bottles Market?
COVID-19 broke the raw material supply chain & production at plants were halted due to the unavailability of raw materials. Trade during the initial months of 2020 became stagnant across the world as many countries closed their borders to control the pandemic.
But with time in the later months of 2020 governments restored the supply chains and trade routes for transportation of goods which increased logistical support exponentially. Moreover, a large surge of demand was seen in the market in early 2021 which increased the sales of cosmetic spray bottles.
Key Segments of Cosmetic Spray Bottle Market Covered in the Report
By raw material, the cosmetic spray bottle market has been segmented as
- High-Density Polyethylene
- Low-Density Polyethylene
- Polyethylene Terephthalate
- Polyvinyl Chloride
- Others (Acrylic, etc.)
By sprayer type, the cosmetic spray bottle market has been segmented as
- Trigger Sprayer
- Pistol Grip Sprayer
- Shoreline Sprayer
By capacity, the cosmetic spray bottle market has been segmented as
- Less than 10 ml
- 10 to 50 ml
- 51 to 100 ml
- Above 100 ml
By region, the cosmetic spray bottle market has been segmented as
- North America
- Latin America
- East Asia
- South Asia
- The Middle East and Africa
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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