The global facial pump market is poised for substantial growth, with an anticipated 6.2% CAGR between 2023 and 2033, reaching a projected value of US$ 10,891 million by 2033, up from US$ 5,801.9 million in 2023. This surge can be attributed to evolving consumer preferences driven by fast-paced lifestyles. Customers increasingly prioritize skincare product safety and ease of use, which facial pumps deliver by minimizing product exposure to the atmosphere, prolonging product shelf life, and reducing contamination and dryness.
Notably, the United States stands out as a significant market, where consumers spent a substantial US$ 302 million on skincare products. Additionally, beauty brands are strategically expanding into emerging markets like Iran, which is poised to become a global beauty hub in the coming years.
Facial pump manufacturers are capitalizing on this trend by producing larger, higher-value, and more efficient products, leading to enhanced profitability. The beauty and cosmetics industry benefits from these innovations, as precise packaging solutions with virtually zero contamination risk drive demand for facial pumps, ensuring accurate unit dosage for facial skincare products.
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Important Highlights:
- Atmospheric facial pumps are very common on the market. The favored packaging style is expected to remain in the next decade.
- The facial care segment contributes more than the facial makeup sector to the industry. A remarkable increase is predicted due to the launch of a wide variety of goods.
- China is currently leading the global market for facial pumps. Sales in China will account for more than 30% of overall market demand during the forecast period.
- India is anticipated to be one of the highly lucrative markets during the projected years.
Market Drivers:
- Demand for a simple, accurate, and better packaging solution for the accurate unit dosage of facial skincare products with a 0 percent chance of contamination. These factors are driving the growth of the market.
- Also, the packaging of facial pumps ensures greater accuracy of dosage, which allows the user to use the exact quantity of the product and avoids wastage, which is boosting the growth of the market.
- The growth of the men’s cosmetics range is projected to allow sustainable sales in the cosmetics and beauty business in the future.
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Market Restraints:
- Strict regulatory guidelines on the sustainability of the product hinder the growth of the market.
- The advent of COVID 19 is expected to harm the market.
COVID-19 Impact:
Market growth in facial pumps is expected to be hindered due to the unprecedented pandemic of COVID-19. At different points, the global economy is now impacted by the COVID-19 pandemic, and the impact is also visible in this sector. Growth is expected to be affected by the crisis of the COVID-19 pandemic and is likely to see a major decline in demand in 2021. Profitable growth has also been delayed due to volatility in the retail and supply chain sectors, with a range of end-use industries impacted in many countries. However, as stocks continue to strengthen, the economy is likely to be on a recovery path.
Competitive Landscape
The Facial pumps market players are leaning towards the expansion of the production facilities besides opting for strategic collaborations to attain a competitive edge. Silgan has partnered with Neopac in the development of its new dispensing device called “Amplify,” which shows a clearance rate of 96 percent for pumping out the substance in 2018.
A few of the key companies functioning in the global market include packaging Group, Aptar Group, Inc., Albea S.A, Lumson S.p. A, Raepak Ltd., Silgan Dispensing Systems- A Subsidiary of Silgan Holdings Inc, Topfeel Pack Co., Ltd, Rieke Corporation
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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.
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