The essential oil container market is expected to register a healthy CAGR range of 7.5% to 9.5% during the assessment period of 2022-2032. Pharmaceuticals, personal care, cosmetics, food and beverages, and chemicals markets have increasingly contributed to the rising demand for essential oils. This is, in turn, a major factor responsible for expanding the essential oil container market.
Extracted from aromatic plants and coupled with certain chemicals, essential oils are gaining incredible traction in aromatherapy. Essential oils are known for their strong flavor, fragrance, and medicinal properties. However, due to their volatile and highly vulnerable to deterioration properties, essential oils need to be handled and stored with care.
This is where containers play a crucial role. Essential oil containers protect the oil from the external environment. By reducing exposure to moisture and sunlight, essential oil containers help extend the shelf life of the product and maintain its quality. Generally, bottles and jars are the primary container types for essential oils.
Multiple industries contribute to the rising demand for essential oil containers. Availability of safe and recyclable containers as well as containers of varying capacity aid in the global market growth for essential oil containers.
“Adoption of alternative medicine is increasing sales of essential oils which will boost the market for essential oil containers over the forecast period,” says an FMI analyst.
Competitive Landscape
Guangzhou Jiaxing Glass Products Co., Ltd., G. Glass Factory, Carow Packaging, Inc., SKS Bottle & Packaging, Inc. The Grasse Fragrance Co., Baralan International S.p.A., Radcom Packaging Pvt Ltd, and Hangzhou 3 Star Craftwork Glass Co., Ltd. among others are some of the leaders in the essential oil containers market that are profiled in the full version of the report.
In a highly competitive market, the leading players in the essential oil container market are invested in introducing new and innovative essential oil containers into the global market so as to expand their product portfolio. Partnerships, strategic product pricing, and establishing bases in promising markets are strategies that these market leaders engage in.
More Insights into the Essential Oil Containers Market Report
In its latest report, FMI offers an unbiased analysis of the global essential oil container market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market prospect, growth, and range, the market is segmented based on material type(glass, plastic), product type(bottle, jars), closing style(caps, droppers, horizontal dropper, vertical dropper, pump dispenser, others), capacity(up to 20 ml, 20 ml to 50 ml, 50 ml to 100 ml, 100 ml to 200 ml, above 200 ml), end use(cosmetics & personal care, pharmaceuticals, food & beverage, household, chemicals, others) and region.
Future Market Insight study reveals that the Asia Pacific and North America carry significant market potential for essential oil containers. A keen proclivity towards Ayurveda and aromatherapy positions countries like India and China as potential markets for essential oil containers. These regions are also the major producers of essential oils across the world. Thus India and China are perfect markets for essential oil containers.
Canada and the U.S. are countries that recorded high spending on personal care, cosmetics, and pharmaceuticals. This promotes the sales of essential oil containers in the North American market.
The containers are made from high-quality raw materials like plastic and glass. Bottles and jars are the primary product types of the essential oil container market. However, of the two, bottles still remain the preferred choice of essential oil container across multiple industries.
Information source:
https://www.futuremarketinsights.com/reports/essential-oil-containers-market