It is estimated that in 2021-2025, the dropper market will grow by US$52.4 million, with a compound annual growth rate of approximately 5%. and the growing demand for innovative cosmetic packaging will drive market growth.
Due to the COVID-19 pandemic, It is expected that the impact in the first quarter will be very significant, but will gradually weaken in the subsequent quarters, and will have a limited impact on economic growth throughout the year.
The growing demand for innovative cosmetic packaging drives growth.
The growth of the global cosmetics industry and its changing demand for different packaging solutions has increased the demand for innovative packaging solutions, such as bottles and droppers. The use of a dropper provides a practical method for accurately applying liquid. As the demand for cosmetics and other personal care products grows, packaging is playing an increasingly important role in brand differentiation and product identification. Due to the use of droppers in high-end cosmetic packaging, the development of designer droppers is expected to gain a prominent position during the forecast period. Therefore, during the forecast period, the growth in demand for innovative cosmetic packaging will drive market growth.
The use of droppers in the healthcare industry is increasing.
The dropper plays a very important role in providing precise doses, and it is also a good medicine packaging solution. Therefore, the demand for droppers has increased because they can dispense liquid products accurately and conveniently. Since droppers are very convenient and easy to use, their adoption is expected to increase during the forecast period. Due to strict regulations imposed by various food and drug authorities and more and more people are adopting anti-child droppers, the market is expected to grow during the forecast period. Another major factor driving the adoption of dropers is their reusability and low cost. Due to these factors, the global dropper market is expected to grow during the forecast period.