Cosmetic Droppers Market: Overview, Data Updates, Reports Analysis & Forecast | FMI
The global cosmetic dropper market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 4.8% from 2022 to 2032. This expansion will see the market value increase from US$ 84.5 million in 2022 to US$ 134.7 million by 2032. Notably, the cosmetic dropper market already held a substantial share, estimated at 20%, of the global dropper market, which was worth US$ 400 million in 2021.
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The European cosmetic dropper market is expected to maintain its leading position, followed closely by North America and East Asia. These regions are projected to drive the market’s growth, with the top three countries collectively holding a substantial 30-40% share of the global cosmetic dropper market in 2022. Overall, the cosmetic dropper market is set to expand 1.6 times its current market value by the end of 2032, indicating a promising outlook for the industry.
Based on the requirement of various applications, the cosmetic droppers are available in different capacities such as upto 2 ml, 3 ml – 6 ml, 7 ml – 10 ml, and above 10 ml. These cosmetic droppers come up with glossy, matt finish and attractive glass and plastic containers, which adds an aesthetic packaging outlook to the cosmetic droppers.
The current and future demand & sales outlook for cosmetic droppers seems magnificent and promising owing to its availability in a variety of specifications and high level of customization as per the industry needs.
The glass dropper segment is expected to hold the largest share of the cosmetic dropper market during the forecast period. Glass droppers are widely used in the packaging of high-end and luxury skincare and haircare products due to their premium look and feel. They are also preferred for their durability and resistance to chemical reactions.
The skincare segment is expected to hold the largest share of the cosmetic dropper market during the forecast period. The increasing demand for skincare products such as serums, oils, and essential oils is driving the growth of the market. The growing awareness about the benefits of natural and organic skincare products is also contributing to the growth of the market.
The e-commerce segment is expected to grow at the highest CAGR during the forecast period. The increasing use of the internet and the growing popularity of online shopping are driving the growth of the e-commerce segment. Consumers can easily find and purchase products online, which is boosting the growth of the e-commerce segment.
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North America is expected to hold the largest share of the cosmetic dropper market during the forecast period. The region is home to some of the major players in the cosmetic dropper market such as Aptar Group, Berry Global Inc., and Rexam PLC. The increasing demand for skincare and haircare products in the region is driving the growth of the market.
The Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The growing population and increasing disposable income in the region are driving the growth of the market. The rising awareness about the benefits of skincare and haircare products is also contributing to the growth of the market.
Key Takeaways from Cosmetic Droppers Market
- The glass cosmetic droppers segment is projected to expand at a CAGR of 4.8% during the forecast period, holding around 3/5th portion of the global cosmetic dropper’s market by the end of 2032.
- By capacity, the 3 ml – 6 ml segment is anticipated to remain the most lucrative segment, creating an incremental opportunity of US$ 18.2 Million.
- The hair care segment is projected to expand 1.5x the current market value during 2022-2032.
- Europe, North America, and East Asia regions are forecast to hold 65-70% of the market value share by the end of the next ten years.
“Product level innovations by the cosmetic droppers manufacturers focusing towards sustainability & innovation is anticipated to create growth opportunities for the cosmetic droppers market.” –says an FMI analyst.
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Cosmetic Dropper Market by Category
By Material:
- Glass Cosmetic Dropper
- Plastic Cosmetic Dropper
By Capacity:
- Up to 2 ml
- 3 ml-6 ml
- 7 ml- 10 ml
- Above 10 ml
By Application:
- Hair Care
- Skin Care
- Make Up
- Nail Care