According to a survey conducted in the United Kingdom, 54 percent of millennials are turning toward simplified skincare routines. They are looking for a sustainable solution for their skin with transparency in the product ingredients.
The sun care products market is anticipated to reach a valuation of US$ 13.6 billion in 2023 and is expected to be worth US$ 25.3 billion by 2033. The market is likely to register a CAGR of 6.4% during the forecast period.
The surge in skin-related disorders, including acne, eczema, tanning, rashes, and infection, is expected to drive market growth. Moreover, the market expansion is fueled by rising urbanization, shifting lifestyles, disposable income, and innovation. In addition, the rising consumer awareness of skin diseases, exposure to UV rays, and dullness of skin are increasing the demand for organic sun care products. These products aid in toxin clearance and skincare maintenance.
Customers are molding towards SPF & UV protection sun protection products to prevent aging and provide deep moisturization. Manufacturers develop solutions using natural components to treat damaged skin, focusing on consumer needs. In addition, these producers expand market prospects by offering plant-based components free of harmful chemicals.
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Why do Consumers Prefer Sun Care Products in Tubes Packaging?
Tubes packaging is expected to dominate the cosmetic market by securing a 42.8% share by 2033. The manufacturers provide cosmetic products such as shampoo, face wash, cream, lotion, and toothpaste in tube packaging. Tube packaging is dependable and practical because it stores the products and is simple to use. Many sorts, forms, and shapes of tubes are created by manufacturers along with product descriptions. High-quality tubes were designed by the makers for product packing to extend shelf life. Moreover, leading cosmetic and new start-up companies are developing innovative paper tube packaging to facilitate recycling and lower carbon emissions.
Key Takeaways:
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Who is Winning?
The prominent players play a vital role in the global market by capturing maximum output. These prominent players focus on consumers’ requirements and launch innovative products to meet their needs. For example, they are developing sun care products without side effects and premium packaging to enhance product life.
These players invest in research and development activities to expand the market size. In addition, the key players upsurge the market through marketing strategies, including collaborations, partnerships, product launches, mergers, and acquisitions.
Other Players in the Market are:
Recent Developments in the Market are:
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Sun Care Products Market by Category
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About Future Market Insights, Inc. Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware
Apr 18, 2023