Balsam bottles play a crucial role in preserving the integrity of Canadian balsam oil, also known as turpentine, which is highly volatile and prone to evaporation and solidification when exposed to open air. These specialized bottles are designed to create airtight seals, ensuring the safe storage of Canadian turpentine oil, thereby maintaining its properties.
Get a Sample PDF of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-13383
The market’s growth is primarily driven by the increasing popularity of aromatherapy and the growing demand for Canadian Balsam essential oil. The European aromatherapy market, for instance, has witnessed substantial growth, with estimates suggesting it could surpass US$ 2.7 billion by 2024, driven by a compound annual growth rate of 9.5%.
Moreover, the expanding personal care and wellness industry, coupled with rising disposable incomes, is expected to further boost the demand for balsam bottles. These bottles are not only crucial for preserving the oil but also for its use in various applications, including the processing of chemical products, fragrance agents, flavoring, and solvents. The versatile applications of Canadian balsam oil in sectors such as paint and coatings, cosmetics, pharmaceuticals, and construction provide new opportunities for market expansion. This, in turn, is expected to drive the sales and demand for balsam bottles in the years to come.
What is Driving Demand for Balsam Bottles?
The Canadian balsam also called as Canadian turpentine is a resin extracted from balsam fir tree. These are used in various personal care & cosmetics and medicines due to their myriad health benefits. They are used to cure hemorrhoids, sore, cuts, tumors, inflammation and many more related health issues.
Also, Canadian balsam have uses in laboratories, they are used as mounting medium in microscopy application for the preparation of permanent slides.
With these many applications of Canadian balsam the need of its storage has been a major concern of users, as it is very volatile in nature and gets easily dissolved in the air when kept openly in the atmosphere. Also, it gets solidified or amorphous when exposed to excess air.
Thus, balsam bottles are used in order to prevent such exposures to the Canadian balsam. The balsam bottle are clean air tight glass bottle specially used for storing Canadian balsam. Nowadays, they are also being used in domestic application due to its aesthetical appeal and so its demand from domestic end-use is also increasing.
In the coming 10 years higher inclination of the Canadian balsam products will complement the growth of balsam bottles.
Ask an Analyst: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-13383
Who are the Key Manufacturers and Suppliers of Balsam Bottle?
- DWK Life Sciences
- ABGIL
- SeaSideLand
- Daigger Scientific
- Karl Hecht
- TED PELLA, INC
- Cole-Parmer
- Carolina
- Supertek
- Xuzhou Credible Glass Products Co., Ltd.
- Xuzhou Junding Glass Products Co., Ltd.
- WUHAN QH BOTTLES CO., LTD.
- Guangzhou Junyue Packaging Products Co., Ltd.
- Other
Competition is partially consolidated with a selective number of players controlling the overall business. Since, the business is new most of the players involved are practicing organic strategies such as product launch. Also, players are focusing towards strengthening their supply chain network in order to cater the growing demand for the product from various end-use industries.
The pre-established players are collaborating with the end-users directly for continuous business opportunities. For new player to get in the business this is the right time as competition is very less and the demand is growing at a higher pace. Entering in the business with new variety of bottles with reduced price will benefit the end-user in grabbing new business deals during initial years.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-13383
Key Segments
By Capacity:
- Below 60 ml
- 60 ml
- 100 ml
- 250 ml
- 500 ml
- Above 500 ml
By Material Type:
- Lime Glass
- Borosilicate Glass
- Others
By End-Use:
- Domestic Use
- Commercial Use
- Personal care Manufacturers
- Laboratories
- Diffusers Manufacturers
- Others
By Sales Channel:
- Offline
- Convenience Store
- Specialty Stores
- Super and Hyper Markets
- Others
- Online
- Company websites
- Third Party E-Commerce Sales
By Region:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Europe
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Oceania
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
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.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube