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Sun Care Products Market Analysis By Key Players, Share, Revenue, Trends, Size, Growth, Opportunities, and Regional Forecast To 2033
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 fuelled 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 melding towards SPF & UV protection sun care products to prevent aging and provide deep miniaturization. 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
The sun care products market is likely to reach a valuation of US$ 25.3 billion by 2033.
The sun care products market is expected to record a CAGR of 6.4% during the forecast period.
The market in the United States is anticipated to capture 81.1% of the share through 2033.
With a CAGR of 57.8%, the Australia sun care products market is expected to increase significantly during the forecast period.
The market in India is expected to secure a share of 27.3% over the forecast period.
The market in China is projected to reach a share of 42.6% by 2033.
Other Players in the Market are
Estee Lauder Companies, Inc.
Coty, Inc
Revlon, Inc.
Clarins Group
Clinique Laboratories, Inc.
Recent Developments in the Market are:
In September 2020, a Korean Brand, KOKOSTAR, launched its new product Sunscreen Capsule Mask by adding sunscreen oil and sunblock serum. The company launched this vegan mask with biodegradable ingredients.
In May 2022, L’Oréal launched its new UV filter technology-based product UVMune 400, to protect skin from harmful UVA radiation.
In February 2022, Beiersdorf established its new center in the United States for therapeutic OTC and sun care products.
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Survival Tools Market Size, Analysis, Share, Research, Business Growth and Forecast to 2033
During the projected period, total sales in the survival tools market are to record a robust 7.8% CAGR, reaching US$ 1,207.8 million in 2023. The growing emphasis on safety while participating in outdoor leisure activities pushes the survival tools industry.
In light of this, the market valuation is to reach US$ 2,558.1 million by 2033. The survival tools industry study examines the current expansion, which is being driven by increased accidents and unintentional injuries worldwide
Emerging Trends in the Survival Tools Market
An increase in natural disasters, national park visitation, and a surge in hiking trips are some key factors predicted to propel the survival gear market expansion during the forecast period
Increased awareness campaigns organized by private and government organizations to educate people about the importance of survival tools in emergencies, as well as rising demand in the military segment due to survival tools available in a variety of sizes to meet the needs of various military operations, to ramp up the survival tools market growth
Size and Weight Restrictions on Survival Tool Kits Negatively Impact Market Expansion
Military and defence, forestry workers, and other people who work in extreme climatic conditions and remote locations should be equipped with survival equipment and disaster supplies. Although, it is difficult to keep all the essential supplies due to their restricted size and weight since survival equipment was taken for a variety of activities, including camping, travel, or sporting events.
Users need to be aware of their needs concerning their jobs and other activities. This can cut down on the extra goods carried along with your survival gear. Therefore, vendors face difficulties in determining the best survival tool mix for certain applications, which might impede survival tools market expansion.
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Regional Economic Scenario of the Survival Tools Market
Due to increased government efforts to promote the use of survival kits, North America currently controls a large part of the global survival tools industry. Moreover, the government is enticing citizens to buy or create survival kits, which may increase demand for survival gear in the area throughout the anticipated time.
Due to the small-scale businesses involved in the production and delivery of survival tools, Asia Pacific has seen extensive growth in the survival tools industry. The industry’s ability to prosper and tap into regional markets due to the drop in manufacturing costs fuel the expansion of the survival gear market in the coming years.
Key Takeaways
In the product type category, the pocket survival tools segment gets a market share of 27.4% during the forecast period.
In the application category, the hiking activities segment to grab a market share of 37% between 2023 and 2033.
The United States to get a market share of survival tools of 79.4% from 2023 to 2033.
The Indian market to grab a share of 35.5% between 2023 and 2033
Competitive Landscape
The key survival tool manufacturers are indulged in developing cutting-edge strategies to have a competitive edge and expand their market size.
Coleman Company, Inc., Exxel Outdoors, LLC, Fenix Outdoors International AG, Fiskars Group, Johnson & Johnson, Leatherman Tool Group, Inc., SOG Specialty Knives & Tools, Surefire, LLC