the fingertip sprayers market is expected to grow at a CAGR of around 5% from 2022-2028.
According to a new report published by UnivDatos Markets Insights, the fingertip sprayers market is expected to grow at a CAGR of around 5% from 2022-2028. The analysis has been segmented into the material (plastic and metal); application (pharmaceutical, personal care & cosmetics, cleaning products, and others); region/country.
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The fingertip sprayers market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the market. The market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository estimates the Fingertip Sprayers market at the global and regional levels.
Market Overview
Over the years, the world has witnessed a change in product packaging and industries like personal care & cosmetic is one of the front runners whenever the world is expecting a new change in product packaging. Fingertip sprayer is one of the key packaging types that the personal care & cosmetic industry is using and the industry has no plan to change it owing to its easy-to-use, aesthetic, and perfect spray capability. Further, as people are getting more hygiene conscious, therefore looking for packaging products that are untouched, this in turn increases the consumption of fingertip sprayers. As the consumer is increasingly shifting from deodorant to mist-based fragrances, which use fingertip sprayers, thus boosting the market size. Moreover, industries like food & beverage and pharmaceutical are increasingly launching their conventional products in spray-type packaging, eventually increasing the consumption of fingertip sprayers.
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COVID-19 Impact
The recent COVID-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted industrial operations in a negative way, which has impacted the demand for fingertip sprayers as its highly dependent on industries’ performance.
The global fingertip sprayers market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on material, the market is bifurcated into plastic and metal. Of both, plastic held a lion’s share of the market and is expected to increase its market penetration during the forecast period. This can be attributed to the low cost which in turn helps the companies in maintaining a good profit margin over the products. Further, the availability of a large number of suppliers thereby reduces the supply chain uncertainties. In some products, metal-based fingertip spray can react with products thereby might change the properties of the product. As a result, companies preferred plastic-based fingertip sprayers.
· Based on application, the market is categorized into personal care & cosmetics, pharmaceutical, cleaning products, and others. Among these, the personal care & cosmetics industry accounted for a prominent share of the market and is expected to retain its position during the forecast period. Rising awareness regarding hygiene and growing cosmetic influence among the new generation are some of the key factors propelling the market for personal care & cosmetics, thereby fueling the market for fingertip sprayers.
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Fingertip Sprayers Market Geographical Segmentation Includes:
· North America (The United States, Canada, and the Rest of North America)
· Europe (Germany, The United Kingdom, France, Italy, Spain, and the Rest of Europe)
· Asia-Pacific (China, India, Japan, and the Rest of Asia-Pacific)
· Rest of the World
The Asia-Pacific region accounted for a prominent share of the market and is expected to showcase robust growth over the forecast period. The regional personal care & cosmetic, food & beverage, and pharmaceutical industry has grown multifold in the last several years and is likely to outpace the growth of other regions’ industrial growth owing to its large population base along with increasing people per capita income. Increasing the manufacturing base in the regional countries for export purposes is further boosting the demand for fingertip sprayers.
The major players targeting the market include
· C.L. Smith Company
· DEMAREIS GmbH
· WB Bottle Supply Company Inc.
· Kläger Plastik GmbH
· Foshan Nanhai Qijunhong Plastic Factory
· Suzhou Genting Plastic Co. Ltd.
· Ningbo Songmile Packaging Co. Ltd.
· Yuyao Yongjie Commodity Co. Ltd.
· Zhoushan Xinmei Packaging Co. Ltd.
· MJS Packaging
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the fingertip sprayers market?
• Which factors are influencing the fingertip sprayers market over the forecast period?
• What are the global challenges, threats, and risks in the fingertip sprayers market?
• Which factors are propelling and restraining the fingertip sprayers market?
• What are the demanding global regions of the fingertip sprayers market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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