Essential Oil Containers Market to Reach USD 138.0 Billion by 2033, at 8.2% CAGR: Future Market Insights, Inc.

The global essential oil containers industry is anticipated to reach a valuation of USD 62.7 billion in 2023, driven by growing popularity of aromatherapy. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 8.2% between 2023 and 2033, and reaching a total valuation of approximately USD 138.0 billion by 2033.

One of the major factors contributing to the growth of the essential oil containers market is the expanding beauty and personal care industry. The beauty and personal care industry has experienced remarkable growth, with consumers becoming more conscious of using natural and organic products.

Essential oils are widely used in various cosmetic formulations, including skincare, hair care, and perfumes. The demand for aesthetically appealing and functional containers that complement the premium image of natural products is driving the essential oil containers market.

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The advent of e-commerce and direct-to-consumer sales channels has revolutionized the retail landscape, allowing essential oil manufacturers and retailers to reach a wider audience. Essential oil containers must be designed to withstand shipping and handling while ensuring product integrity, to meet the packaging requirements of online sales. Tamper-evident caps and leak-proof packaging are some of the features gaining popularity in this context.

Consumers are becoming more conscious of their choices and prefer products with eco-friendly packaging, with increasing environmental concerns. The trend has propelled manufacturers to explore sustainable materials for essential oil containers, such as glass and recyclable plastics. Containers made from post-consumer recycled materials and those designed for reuse or recycling are gaining traction among environmentally conscious consumers.

Key Takeaways from the Market Study

• Global demand for essential oil containers is expected to grow at a CAGR of 4.4% from 2018 to 2022.
• The market was valued at USD 58.0 billion in 2022.
• North America held a significant market share in 2022 and is projected to witness a robust CAGR of 8.0%.
• Glass containers are projected to lead the market, with an estimated CAGR of 8.1% during the forecast period.
• The cosmetics & personal care segment represents the largest end-use sector, with a projected CAGR of 6.4%.

Competitive Landscape

Key companies in the essential oil containers market are focusing on increasing profits from their current product portfolios while also investigating potential new uses. The players are focusing on boosting their essential oil container manufacturing capacities in order to meet demand from a wide range of end use industries. Prominent players are also seeking for regional expansion to reduce reliance on imported essential oil containers.

Recent Developments:

• In 2023, SKS Bottle & Packaging, Inc. increased its capacity producing essential oil bottles. The expansion will enable SKS to meet the increased demand for essential oil bottles from a number of businesses.
• In the same year, The Grasse Fragrance Co. introduced a new range of recycled essential oil bottles. The bottles are a more ecological alternative to standard essential oil bottles, which are frequently constructed from virgin plastic.
• Guangzhou Jiaxing Glass Products Co., Ltd. will offer a new range of borosilicate glass essential oil bottles in 2022. Borosilicate glass is more heat and chemical resistant than ordinary glass, making it an ideal material for essential oil bottles, which are frequently used to store volatile and combustible essential oils.

Key Players

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; Hangzhou 3 Star Craftwork Glass Co., Ltd.; O.BERK; Stoelzle Glass Group; Kazima Cosmetics; Katyani Exports; Aromaaz International

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Key Segments Profiled In The Global Essential Oil Containers Market

By Material Type:

• Glass
• Plastic

By Product Type:

• Bottle
• Jars

By Closing Style:

• Caps
• Droppers
o Horizontal Dropper
o Vertical Dropper
• Pump Dispenser
• Others

By Capacity:

• Upto 20 ml
• 20 ml to 50 ml
• 50 ml to 100 ml
• 100 ml to 200 ml
• Above 200 ml

By End Use:

• Cosmetics & Personal Care
• Pharmaceuticals
• Food & Beverage
• Household
• Chemicals
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• Middle East and Africa (MEA)

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.