The North American essential oil containers market is poised for substantial growth, with a promising Compound Annual Growth Rate (CAGR) of 8.0% projected over the assessment period. This region held a significant share of the global essential oil containers industry in 2022, and several key factors contribute to its upward trajectory.
Firstly, the burgeoning demand for essential oil containers is being driven by the pharmaceutical and cosmetics & personal care industries in North America. These sectors rely heavily on high-quality containers for the storage and distribution of essential oils, amplifying the market’s growth.
Moreover, the increasing health awareness among people in North America is reshaping consumer preferences. The shift towards holistic and natural products is fueling the demand for essential oils and, in turn, essential oil containers. Consumers are seeking safer and more environmentally friendly alternatives for healthcare and personal care needs.
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The global essential oil container market is anticipated to reach a valuation of US$ 62.7 billion in 2023, driven by the 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 US$ 138.0 billion by 2033.
One of the major factors contributing to the growth of the essential oil containers market is 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 industry.
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 Industry Study
- Global essential oil containers market was valued at US$ 58.0 billion by 2022-end.
- From 2018 to 2022, the industry demand expanded at a CAGR of 4.4%.
- Asia Pacific is expected to hold a dominant CAGR of 8.1% during the forecast period.
- By material type, HDPE bottles segment is expected to constitute a CAGR of 8.1% in 2033.
- On the basis of end-use, cosmetics & personal care industry segment is expected to dominate the market with a CAGR of 8.1% in 2033.
- From 2023 to 2033, essential oil containers industry is expected to flourish at a CAGR of 8.2%.
- By 2033, the market value of essential oil containers is expected to reach US$ 138.0 billion.
Safety and child-resistant packaging, across the globe, is a major factor that is expected to propel the growth of the essential oil containers industry in the near future, remarks 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 industry that are profiled in the full version of the report.
In a highly competitive market, the leading players in the essential oil container industry are invested in introducing new and innovative essential oil containers into the global industry so as to expand their product portfolio. Partnerships, strategic product pricing, and establishing bases in promising industrys are strategies that these market leaders engage in.
More Insights into the Essential Oil Containers Industry 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 industry 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.
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 industry.
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.
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Key Segments Profiled in the Essential Oil Containers Industry Survey
By Material Type:
- Glass
- Plastic
By Product Type:
- Bottle
- Jars
By Closing Style:
- Caps
- Droppers
- Horizontal Dropper
- 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
- APEJ
- Japan
- Middle East & Africa
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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