Friday, January 3, 2020

Global Oleoresin Market is Driven by Shifting Consumer Preferences towards Organic Products, Rising Demand from the Flavors & Seasonings, Condiments Industry and Nutraceutical Industry: Ken Research


“Rising importance of natural and organic products over synthetic and nature-identical flavors and the booming demand from the Pharma & Nutraceuticals industry and Animal Feed industry is driving the demand for oleoresins across the globe.”

Shifting Consumer Preferences: As consumers are increasingly becoming health conscious, there is a rising shift towards natural and organic products across the globe. A large number of processed meat and packaged foods manufacturers are shifting towards using oleoresins as a substitute to ground spices due to hygiene and food safety concerns. Food manufacturers are also moving away from synthetic flavors and nature-identical colors and are using oleoresins instead. This shift has played an important role in propelling the growth of the oleoresin industry in the past few years.

Robust Demand from Flavors and Seasonings Manufacturers: The flavor and fragrance houses in US and Europe including Givaudan, Firmenich, Mane SA, Symrise, IFF and more are the major users of oleoresins across of the globe. Oleoresins such as paprika, capsicum, black pepper, ginger, garlic, jalapeno, oregano, rosemary, thyme and more are largely demanded for the manufacturing of seasonings and condiments including sauces, dips, spice mixes and more. Owing to this, the oleoresin industry has witnessed significant growth over the review period.

Rising Demand from Nutraceutical and Animal Feed Industries: Due to the active ingredients present in oleoresins such as black pepper, turmeric and more, there has been rising demand for oleoresins by the nutraceuticals and pharmaceutical industry. Oleoresins have medicinal properties such as anti-inflammation, anti-diabetic, anti-depressant, detoxification, pain-relief, anti-fungal and many more properties, which have stimulated their usage in the nutraceuticals industry. The rising demand for oleoresins such as marigold and paprika by the animal feed industry has also positively impacted the market. These oleoresins are used as growth stimulators and also help in imparting bright yellow color to egg yolks in the poultry industry.

Analysts at Ken Research in their latest publication “Global Oleoresins Market Outlook to 2025- By Product Type (Paprika, Black Pepper, Turmeric, Capsicum, Ginger, Marigold, Onion and Others), By Application (Food & Beverages, Nutraceuticals & Pharmaceuticals, Animal Feed and Others) and By Region (US, Brazil, UK, Germany, France, India, China and Others)” observed that the global market is in growth stage and will witness further growth owing to factors such as booming nutraceuticals industry, robust demand from the animal feed industry and new product  launches due to increasing investment in R&D. The Global Oleoresin Market is expected to register a positive CAGR of 5.6% in terms of revenue during the forecast period 2019-2025.

Key Segments Covered:-
By Type:
Paprika Oleoresin
Black Pepper Oleoresin
Turmeric Oleoresin
Capsicum Oleoresin
Ginger Oleoresin
Garlic Oleoresin
Marigold Oleoresin
Onion Oleoresin
Others

By Application:
Food and Beverages
Seasonings, Condiments and Flavors
Processed Meat and Packaged Food
Beverages
Bakery and Confectionery
Others
Nutraceuticals and Pharmaceuticals
Animal Feed
Others

By Region:-
US
Brazil
UK
Germany
France
India
China
Others

Key Target Audience:-
Oleoresin Producers
Oleoresin Traders and Suppliers
Spices Producers
Food and Beverage Manufacturers
Flavours and Seasoning Manufacturers
Meat and Packaged Food Manufacturers
Pharma and Nutraceutical Manufacturers
Animal Feed Manufacturers
Industry Associations
Government Agencies and Regulatory Bodies

Time Period Captured in the Report:-
Historical Period: 2014- 2019
Forecast Period: 2020F– 2025F

Companies Covered:-
Synthite Industries Private Limited
Plant Lipids Private Limited
Kancor Ingredients Limited
Akay Flavours and Aromatics
AVT Natural Products
Chenguang Biotechnology Group
Kalsec Inc.
Vidya Herbs Private Limited
BOS Natural Flavors Private Limited

For more information on the research report, refer to below links:-

Related Reports:-



Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Global Oleoresins Market Outlook to 2025: Ken Research


The report titled publication “Global Oleoresins Market Outlook to 2025- By Product Type (Paprika, Black Pepper, Turmeric, Capsicum, Ginger, Marigold, Onion and Others), By Application (Food & Beverages, Nutraceuticals & Pharmaceuticals, Animal Feed and Others) and By Region (US, Brazil, UK, Germany, France, India, China and Others)” provides a comprehensive analysis of the oleoresin market across all regions. The report also covers the overview and genesis of the industry, overall market size in terms of revenue, segmentation on the basis of oleoresins types, major applications and demand regions, country profiles, trends and developments, issues and challenges, government regulations, value chain analysis, porter’s five forces analysis, competitive scenario and company profiles of major players in the  industry. The report concludes with future market projection and analyst recommendations highlighting the major opportunities and cautions for new and existing players in the market.

Global Oleoresin Market Overview and Size
The global oleoresin market grew at a positive growth rate over the review period 2014-2019. The market growth was supported by increase in demand for oleoresins by the food and beverage sector, particulary the seasonings and flavors manufacturers and the packaged food industry. The demand for oleoresins by the nutraceutical as well as the pharmaceutical industry over the review period has also driven the growth of the market. The market will continue to witness growth in the coming years with increasing adoption from other industries.

Global Oleoresin Market Segmentation
By Type: Out of the different types of oleoresins offered in the global market, paprika oleoresin dominated the market in 2019, due to the robust demand by the natural food colorant as well as flavors industry. Black Pepper, Turmeric and Capsicum were found to be other major types contributing the maximum revenue to the industry globally. Out of the different applications within the food and beverage sector, the seasonings, condiments and flavors industry accounted for the highest consumption of oleoresins across the globe.

By Application: The food and beverage sector accounted for majority of the revenue contribution to the oleoresin industry globally over the review period as oleoresins help in standardizing flavor, color and aroma in the products as compared to ground spices. The nutraceutical and pharmaceutical industry also contributed significant revenue to the industry owing to the medicinal properties and active ingredients present in oleoresins.

By Region: In 2019, the European region dominated the global oleoresin market, consuming the largest amount of oleoresins, on the basis of revenue, due to the presence of large number of flavor and fragrances companies in the region. North America also accounted for significantly large revenue share in the market owing to the huge demand from the processed meat and packaged food industry in the region. Within the APAC region, China, Indonesia, India and South Korea are the largest concumers of oleoresins. The penetration of oleoresins within the the South American and Middle-East and African regions is low as consumers still prefer ground spices.

Competitive Landscape
The competition within the global oleoresin is moderately concentrated within the players, with most of the major manufacturers being concentrated in India and China. Although most players have extraction facilities in India, they are gradually expanding their production facilities in other countries such as China, Sri Lanka and Indonesia, Vietnam etc owing to availability of better raw material. The competitive rivalry between the players is high due to negligible product differentiation. Oleoresin producers compete on the basis of parameters such as product portfolio, regional presence, prices, strategic agreements, research and development and more. Most of the players supply oleoresins to food and beverage and nutraceutical industries while some of the players also cater to animal feed and beauty and personal care products manufacturers and others.

Global Oleoresin Market Future Outlook & Projections
The global oleoresin market is expected to witness positive growth rate over the forecast period. Rapid growth of the packaged and processed food as well as the nutraceutical industries is expected to be the key factor driving the growth of the oleoresin industry. Rising demand from developing countries as a substitute to ground spices and synthetic flavors is also expected to positively impact the market over the forecast period. Improvement in extraction technology as well as rising investment in research and development for developing new oleoresin products and its blends for meeting specific requirement of the clients is further expected to propel the growth of the industry. The demand for other oleoresins such as clove, cumin, cardamom, celery, rosemary, nutmeg, mace and more is also expected to augment the industry growth in the coming years.

Key Segments Covered:-
By Type:
Paprika Oleoresin
Black Pepper Oleoresin
Turmeric Oleoresin
Capsicum Oleoresin
Ginger Oleoresin
Garlic Oleoresin
Marigold Oleoresin
Onion Oleoresin
Others

By Application:
Food and Beverages
Seasonings, Condiments and Flavors
Processed Meat and Packaged Food
Beverages
Bakery and Confectionery
Others
Nutraceuticals and Pharmaceuticals
Animal Feed
Others

By Region:-
US
Brazil
UK
Germany
France
India
China
Others

Key Target Audience:-
Oleoresin Producers
Oleoresin Traders and Suppliers
Spices Producers
Food and Beverage Manufacturers
Flavours and Seasoning Manufacturers
Meat and Packaged Food Manufacturers
Pharma and Nutraceutical Manufacturers
Animal Feed Manufacturers
Industry Associations
Government Agencies and Regulatory Bodies

Time Period Captured in the Report:-
Historical Period: 2014- 2019
Forecast Period: 2020F– 2025F

Companies Covered:-
Synthite Industries Private Limited
Plant Lipids Private Limited
Kancor Ingredients Limited
Akay Flavours and Aromatics
AVT Natural Products
Chenguang Biotechnology Group
Kalsec Inc.
Vidya Herbs Private Limited
BOS Natural Flavors Private Limited

Key Topics Covered in the Report:-
Global Oleoresin Market Value Chain Analysis
Global Oleoresin Market Overview
Global Oleoresin Market Size
Global Oleoresin Market Segmentation
Country Profiles in Global Oleoresin Market
Government Role and Regulations in Global Oleoresin Market
Trends and Developments in Global Oleoresin Market
Issues and Challenges in Global Oleoresin Market
Competitive Landscape in Global Oleoresin Market
Strength and Weakness of Major Players in Global Oleoresin Market
End User Potential in Global Oleoresin Market
Porter’s Five Forces Analysis Global Oleoresin Market
Trade Scenario Global Oleoresin Market
Global Oleoresin Market Future Projections, 2019-2025F
Analyst Recommendations

For more information on the research report, refer to below links:-
Global Oleoresins Market

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India Herbal Extract Market by End Users (Pharmaceuticals & Nutraceutical, Cosmetics and Food & Beverage Industries), by Extract type (Carotenoids, Aloe Vera, Ginger, Capsicum, Turmeric, Shilajit, Marigold, Shatavari and Others), Oleoresins and Essential Oil - Outlook to 2022

India Flavor and Fragrance Industry Outlook to 2020 - Driven by Demand of Personal Grooming Products and Growth of Food Additives Market

The US Flavors And Fragrances Market Outlook To 2016 - Ageing Population And Consumer Tendency Towards Natural And Healthy Products Driving The Maturing Market

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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Rise in Need to Reduce IT Security Risks Anticipated to Drive Global Endpoint Detection & Response (EDR) Software Market: Ken Research

EDR or Endpoint Detection & Response is a security solution designed to help organizations to detect suspicious activity on endpoints, to understand the chain of attack, and facilitate administrator with a quick & appropriate response. Its main purpose is to improve visibility into endpoint events and improve threat detection & response times. It expects threats & assesses risks, threat detection, and fast response in order to investigate incidents. EDR confirms & prioritize risks, detects incidents, and prevents attacks in the systems. It delivers data integration, automation, and provides advanced support to organizations data storage systems. It stores endpoint system level behaviors and events, such as file, registry, memory, process, and network events.

According to study, “Global Endpoint Detection & Response (EDR) Software Market Size study, by Solution Type(Workstations, Mobile Devices, Servers, Point of Sale Terminals, Others), by End User (BFSI, IT and Telecom, Manufacturing, Healthcare, retail, Others) and Regional Forecasts 2018-2025” the key companies operating in the global Endpoint Detection & Response (EDR) software market are Carbon Black Inc., CounterTrack, Open Text Corp., Symantec Corporation, Cisco Systems Inc., Fireeye Inc., Cybereason Inc., Guidance, RSA, Webroot, Sophos, McAfee, VIPRE, Crowdstrike Inc., Deep Instinct Ltd., OpenText Corp., Digital Guardian, Tripwire Inc., Panda Security, F-Secure, AO Kaspersky Lab, Cylance Inc., Sophos Ltd., Trend Micro Inc.

Based on solution type, EDR software market is segmented into mobile devices, workstations, point of sale terminals, servers and others. Mobile devices segment holds major share in market owing to increase in malware, APTs, and phishing attacks. Workstations segment is anticipated to witness higher growth rate due to rise in the number of security breaches targeting workstations during the forecast period. Based on deployment mode, market is segmented into managed/hosted, on-premises and hybrid. Hybrid deployment segment dominates the market, as it benefits organizations with improved scalability & speed, 24/7 services, and enhanced management capabilities. Based on component type, market is segmented into solutions and services. Services are further sub-segmented into managed services and professional services. Professional services include training & education, implementation, support & maintenance and consulting. In addition, based on vertical, market is segmented into IT & telecom, aerospace & defense, healthcare, manufacturing, government & public utilities, Intel Corp., Banking, Financial Services and Insurance (BFSI), retail and others.

The EDR software market is driven by surge in cases of enterprise endpoint targeted attacks, followed by rise in need to reduce IT security risks, high proliferation of Internet of Things (IoT) and smart devices, rise in demand for improved incident response timings, increase in technological innovations and growth in enterprise mobility trends across various organizations. However, lack of awareness regarding internal & external threats and high cost of innovation & budget constraints may impact the market. Moreover, growth in demand for integrated & next-generation security solutions and rise in the adoption of hosted EDR solutions are key opportunities for market.

Based on geography, the European and Asian-Pacific regions dominate the EDR software market owing to owing to presence of several key vendors and rise in adoption of data security measures in the region. The Asian-Pacific region is expected to witness fastest growth rate due to rise in need to mitigate IT security risks over the forecast period. It is estimated that the market will be breached at fast speed on account of increase in instances of enterprise endpoint targeted attacks and rise in requirement from enterprises for advanced threat protection during the forecast period.

For more information, click on the link below:
Global Endpoint Detection & Response (EDR) Software Market

Contact Us:    
Ken Research                                   
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91 9015378249
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Growing Insights Of The Global Legal Practice Management Software Market Outlook: Ken Research

The legal practice management software is majorly used by the law practices to obtain the case and consumer records, broad and vital files, plans along with the appointments, billing and accounting, deadlines and several others. Such solutions have numerous advantages for both the large scale and small scale organizations and could also be used to encounter the compliance demands such as along the electronics filing procedures of the legal courts along with the documents retention strategies considering the worldwide scenario.
Not only has this, but it also streamlines any compliance desires such as with courts’ electronic filing systems, document retention policies, and several others. Legal practice management software proposes the tools for law firms to maintain their day-to-day tasks. The benefits of legal management software involve reporting, appointment scheduling, sharing, and contact databases. The software might also comprise communication podiums for personnel within a law firm.
The Legal Secretaries and attorneys effectively use the legal practice management software to guarantee their businesses run proficiently and critical information is effortlessly accessible and stored carefully. Legal practice management software commonly integrates or is bundled with the legal case management software or legal billing to contribute with the time tracking and accounting in the workflow lifecycle of legal matters.  Moreover, Legal practice management software is unambiguously premeditated for tracking time, expenses, and milestones in real-time.
Legal Practice Management Software
According to the report analysis, ‘Global Legal Practice Management Software Market Size study, by Type (Cloud-Based, On-Premises), By Application (Law Firms & Attorneys, Courts, Other Users) and Regional Forecasts 2018-2025’ states that in the worldwide legal practice management software market, there are several organized and unorganized players which recently functioning more significantly for leading the highest market growth and accounting the great value of market share around the globe throughout the short span of time more proficiently while spreading the awareness related to the benefits of this software, increasing the applications of this, augmenting the productivity, employing the young and intellectual workforce and implementing the effective and profitable strategies of the product include Motorola Solutions, Axon, Nuance Communication, Cybertech, Numerica Corporation, Cody Systems, Diverse Computing, DFLABS, and several others.
Moreover, the legal practice of the management software market is majorly driven due to the effective introduction of mobile legal practice management applications, intensifying penetration of smartphones. Furthermore, the positive increase in the environmental concerns by law firms and the appearance of legal procedure outsourcing considering the worldwide scenario.
Nonetheless, in the present era, IT has become a proficient part of approximately every office and organization. Information technology has positively obtained the importance of law firms in the form of legal practice management software. One can basically display the master plan and select the individual that is demanded to function together. The most productive advantage of the legal practice management software is its capability to effortlessly build relationships among the contacts, matters, and events. Most permissible practice management systems that are cloud-based suggest clients direct portals for saving documents, seeing their development, and sending and unloading messages. Moreover, Legal practice management software also streamlines the problem of timekeeping and helps improve records. The software effectively permits firms to take time and turn it into money over an operative billing process. Therefore, in the coming years, it is anticipated that the market of the legal practice management software will increase around the globe over the near years more progressively.
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Ankur Gupta, Head Marketing & Communications
+91-9015378249
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Growing Insights Of The Global Led Display Driver ICs Market Outlook: Ken Research


The LED driver is measured as an electrical device that normalizes the power to a detailed LED or a string (or strings) of LEDs. The LED driver rejoinders to the varying desires of the LED or the LED circuit, by contributing a continuous quantity of power to the LED as its electrical possessions change with temperature.

According to the report analysis, ‘Global LED Display Driver ICs Market Size study, by Type (Ac/Dc LED Lighting Driver IC, Dc/Dc LED Lighting Driver IC), by Application (Automotive, Consumer Electronics) and Regional Forecasts 2018-2025’ states that in the global LED display driver ICs market, there are several key players which presently functioning more significantly for leading the fastest market growth and accounting the extraordinary value of market share around the globe during the short span of time while increasing the applications of the product, growing demands of the product, delivering the better consumer satisfaction, spreading the awareness related to the properties of the product and studying and analyzing the government includes Linear Technology, Panasonic Corporation, Texas Instruments, Samsung Electronics, Semtech, ROHM, Maxim Semiconductor, Microchip and several others.

Not only has this, the potential players in the worldwide LED Display Driver ICs market are positively implementing the strategies and policies such as establishing the fresh and benefitted products, joint ventures, partnerships and mergers and acquisitions which further benefitted for leading the fastest market growth and leading the fastest market growth throughout the short span of time.

Additionally, the High-brightness LED drivers are assimilated circuits that are augmented to professionally drive strings of high-brightness LEDs. These categories of lighting find their practice in general-purpose, little-voltage architectural lighting, automotive lighting, camera flash, and several more. It is a flat panel display, which utilizes LED backlighting in its place of the cold cathode fluorescent backlighting.

Although, the Incorporated LED power management explanations by display driver ICs deliver high picture quality in the minimum PCB locations with superior proficiency and at the lowest price. These are utilized in smartphones and with an augment in sales in smartphones, the market for the LED backlit display driver ICs depletion is imaginary to augment.

Also, owing of its proficiency and great built quality, it is fictional to overcome the drawbacks of the LCDs such as contrast ratio, power consumption, mercury utilization in the backlights, visual artifacts, and motion blur. However, the existence of instantaneous substitutes such as OLED, which is progressively being adopted owing to its power and display benefits, may be a limitation for the market. The occasion for the market lies in the fact that the market for smartphones and several other customer electronics with displays such as tablets and laptops will endure to increase in the near future.

Based on the region, the market of LED display driver ICs spread around the globe which majorly involves Asia Pacific region, Europe, North America, Latin America and Rest of the World. Whereas, the market growth is principally driven by effectively augmenting the requirement among end-users across several underdeveloped countries of the world which includes China, India, Brazil, South Korea and South Africa. Additionally, North America is the fastest augmenting region across the world in the global LED display driver ICs in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the accounting region over the review period of 2018-2025. Therefore, in the coming years, it is predicted that the market of the LED display Driver ICs will increase around the globe over the coming years more progressively.

For More Information On The Research Report, Refer To Below Link:-
Global LED Display Driver ICs Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Increase in Mining & Drilling Activities Expected to Drive Global Excavator Breaker Market over the Forecast Period: Ken Research

A breaker is a powerful percussion hammer, attached to an excavator for demolishing & breaking concrete structures or rocks. Breaker is often referred to as "hammers", "peckers", "hoe rammers or "hoe rams." It is powered by pressure oil from pump stations of excavators and effectively used in trench work, quarries, for earth moving, in tunnels, or for digging of rocks.  It is monitored by an auxiliary hydraulic system that is attached to the foot-operated valve. Excavator breaker is generally available in three sizes i.e., small size, medium size, and large size. These breakers are ideal to demolish vast construction in urban areas for building refurbishment.
According to study, “Global Excavator Breaker Market Size study, by Type (Fully-Hydraulic Type, Pneumatic and Hydraulic United, Nitrogen Inflating), By Application (Mining, Construction, Road Works, Ship Maintenance, Others) and Regional Forecasts 2018-2025” the key companies operating in the global excavator breaker market are Rammer, NPK, Indeco North America, Inc., The Atlas Copco Group, MONTABERT USA, Furukawa Electric Co., Ltd., Volvo Construction Equipment, J.C. Bamford Excavators Limited, Breaker Technology Inc., Miller UK, Hammer Srl, TAKEUCHI MFG (UK) LTD, John Deere, Konekesko Ltd., NUOSEN Machinery, Takeuchi, JCB, Soosan heavy Industries, Caterpillar Inc., Sandvik AB, Everdigm. The key manufacturers strive to improve the satisfaction of end-users across the world by offering high-quality products at reasonable prices along with prompt & professional after-sales service. This is also anticipated to fuel the market in the coming years.
Based on type, excavator breaker market is segmented into pneumatic hydraulic united, fully hydraulic type, and nitrogen inflating. Based on horse power, market is segmented into below 500 HP, 501HP to 800 HP, 801HP to 1200 HP, 1201HP to 1500 HP, 1501HP to 2000 HP, and above 2000 HP. Based on application, market is segmented into mining, oil & gas, metallurgical industry, construction, demolition & recycling, and others. In addition, based on distribution channel, market is segmented into online channel and offline channel. Online channel includes e-commerce sites, and company websites.
The excavator breaker market is driven by rise in urbanization in both developed and developing countries, followed by increase in mining & drilling activities, rise in building & construction sector. However, rise in regular maintenance cost of excavator breakers and high cost of excavator breaker products may impact the market. Moreover, growth in development of innovative products & new users, and wider reach of the breakers through digital sales are key opportunities for market.
Based on geography, the North-American region holds major share in excavator breaker market owing to rapid growth in the mining & construction sector and increase in after sales services. The European region is expected to witness higher growth rate due to increase in earth moving tasks over the forecast period. The Asian-Pacific and Middle East & African regions are also expected to expand significantly caused by stringent environment protection regulations and restrictions and rise in dependency by end-users on these breakers to perform heavy duty tasks during the forecast period. It is estimated that future of the market will be bright as a result of rise in dependence on excavator breakers for demolishing old construction, concrete, rock, and other materials in pipeline, and highway applications during the forecast period.
To know more, click on the link below:-
Global Excavator Breaker Market Research Report
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Global Excavator Breaker Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
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Growth in Awareness about Health & Hygiene Expected to Drive Global Cosmetic Bottle Market over the Forecast Period: Ken Research

Cosmetic bottle is a narrow-necked container made of a water-resistant material in various shapes and sizes. Cosmetic bottles packaging generally refers to the primary packaging and casing of cosmetics mainly in packaging products such as cans, bottles, pouches, jars, tubes, bags, and among others. The packaging for cosmetic & beauty products is specialized for consumer functionality, protection, and brand positioning.
According to the study, "Global Cosmetic Bottle Market Size study, by Material (Plastic, Glass, Metal, Others), By Application (Skin Care, Hair Care, Nail Care, Others) and Regional Forecasts 2018-2025” the key companies operating in the global cosmetic bottle market are worldwide Packaging LLC, Quadpack Industries S.A., Amcor Limited, CCL Industries, Sinclair & Rush Inc., Sonoco Products Company, Albea Beauty Holdings S.A.The key players are investing in research & development(R&D) of quality based cosmetic products having superior and improved functionality coupled with attractive packaging thus driving the global market growth.
Global Cosmetic Bottle Market
Global Cosmetic Bottle Market
Based on material type, the cosmetic bottle market is segmented into glass, plastic, metal, and others. The plastic segment holds a major share in the market owing to its convenient & hygienic qualities. Plastic is primarily popular due to its lightweight, low cost, cost-effective, and versatility. Based on capacity, the market is segmented into below 50 ml, 50 ml to100 ml, 100 ml to150 ml, 150 ml to 200 ml, and above 200 ml. In addition, based on application, the market is segmented into hair care, skin care, nail care, and others. The skin care segment is anticipated to grow at a substantial rate with the rise in the adoption of skincare & anti-aging products during the forecast period.
The cosmetic bottle the market is driven by growth in adoption of skincare products, rise in demand of anti-aging products, ease of availability, increase in industrialization, rise in population, high demand for premium designs, labeling & finishing in cosmetics packaging, growth in adoption of lightweight rigid plastics, change in the standard of living, growth in the advancement of new & varied packaging styles, rise in innovation in packaging and increase in concerns towards utility of environment-friendly products. However, less number of manufacturing units and fluctuating raw material prices may impact the market. Moreover, the surge in the adoption of lightweight rigid plastic is a key opportunity for the market.
Based on geography, the Asian-pacific is the dominant region in the cosmetic bottle market owing to growth in awareness about health & hygiene, an increase in disposable income of the individuals, and rapid urbanization in the region. The European and North-American regions are likely to witness higher growth rate due to the rise in demand for cosmetic products over the forecast period. It is predicted that the future of the market will be brightly caused by an increase in demand for small packaging sizes and a rise in consciousness about anti-aging products during the forecast period.
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Ankur Gupta, Head Marketing & Communications
+91-9015378249
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