The global cosmetic vials market is anticipated to accumulate a market value of US$ 6.1 billion in 2023 and is expected to record a market valuation of US$ 9.9 billion by exhibiting a CAGR of 4.96 % in the forecast period 2023 to 2033. The market for cosmetic vials registered a CAGR of 3.1% in the historical period 2018 to 2022.
The global Cosmetic Vials Market is expected to increase at a growth rate of around 4.0% to 5.0% during the forecast period. Demand for cosmetic vials will witness stable recovery in the short term, with a positive growth outlook in the long run after the pandemic. The digital transformation of the industrial landscape means that there are favorable growth prospects for the market in the forecast period.
Cosmetic Vials Market: An Overview
Vials are small, closable tubes that are used in various industries such as cosmetics, pharmaceuticals, and households. A vial is a better choice for storing cosmetics as it not likely to break and splinter and it is also a light material.
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Cosmetic vials offer a much better thermal insulation that keeps the product at the right and appropriate temperature. The major application of the cosmetic vial is packaging of cold cream, lotions, makeup, perfume and other personal care goods that will be sold in retail markets to the consumers.
Packaging used for cosmetics must be attractive, eco-friendly and also should offer more variety in shape, colour, style, and size. This unique and specialized type of cosmetic packaging anticipates a steady growth during the forecasted period.
What Drives the Growth of the Cosmetic Vials Market?
The demand for vials is essentially driven by the increasing demand for the usage of small quantities of cosmetics either for minimal use or to test using a sample. They mostly are placed in either a frosted or clear vial which makes them distinguishable.
Usage of glass or plastic material vials would not impart any alteration to the cosmetics stored maintaining the purity of the cosmetic, therefore, acting as a driver of the cosmetics vials for packaging in the cosmetics industry. Vials made up of glass are also recyclable and are highly preferred by customers who prefer green products.
What Restraints the Growth of the Cosmetic Vials Market?
Cosmetic vials have some limitations that act as a barrier to the growth of the market. During the manufacturing process, vials must be held still during the piercing and laser sealing procedures for which manufacturers have to invest a lot in the RD of new equipment.
Also, glass cosmetic vials are susceptible to mechanical damage because of which additional protection must be given to the glass packaging to prevent breakage. This creates an opportunity for the plastic cosmetic vial in the market.
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Key players in the Asia Pacific region of the Cosmetic Vials Market are:
- Danyang Jingding Glassworks Co., Ltd.
- Jinan Jotop Import and Export Trade Co., Ltd.
- Orange Packaging (Shandong) Ltd.
- Syscom Packaging Company
- Easter Cosmetic Packaging
Key Segments of Cosmetic Vials Market Covered in the Report
Based on the Material Type
Based on the Product Type
- Patent Lip Vials
- Screw Thread Vials
- Specialty/Serum Vials
Based on Application
- Oil Ointments
Based on Region
- North America
- Latin America
- South Asia
- East Asia
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