Non-Toxic Nail Polish Market to Touch USD 2.78 Billion at 5.45% CAGR by 2030
Research Reports
Sep 06, 2023
Non-Toxic Nail Polish Market Analysis
The global non-toxic nail polish market will touch USD 2.78 billion at a 5.45% CAGR by 2030, as per the recent Market Research Future report.
Drivers
Environmental and Health Concerns to Boost Market Growth
The possible health hazards of conventional nail polishes, which frequently include hazardous chemicals such as formaldehyde, toluene, & dibutyl phthalate, were coming to the attention of consumers. There was a rising need for non-toxic substitutes devoid of these dangerous components as a result.
Opportunities
Innovation and Technology to offer Robust Opportunities
The development of non-toxic nail polishes that could deliver long-lasting color and glossy finishes without depending on hazardous ingredients was made possible by advancements in the cosmetic chemistry and formulation.
Restraints and Challenges
High Cost to act as Market Restraint
The high cost of non-toxic nail polish, limited color range, performance and durability issues, and limited availability may act as market restraints over the forecast period.
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Market Segmentation
The global non-toxic nail polish market is bifurcated based on type, finish, and distribution channel.
By type, base coat will lead the market over the forecast period.
By finish, glossy and matte will domineer the market over the forecast period.
By distribution channel, store-based will spearhead the market over the forecast period.
COVID-19 Analysis
The COVID-19 epidemic has impacted the expansion rates of several markets. The Market even encountered a number of connected problems as a result of the lockdown’s rules and restrictions. Non-toxic chemical supplies decreased as a result of the production facilities’ closure due to lockdown. The lockdown regulations obstructed trucks from moving, which impeded the principal chemical transportation. The viral epidemic has slowed market expansion, and it has had a negative impact on the working relationship between managers and manufacturers. However, in the post-pandemic time, the major enterprises pay higher attention to the requirements of the consumer & work for manufacturing toxin-free, high-quality, nail polish with various long-lasting qualities. Market participants are paying close attention to the market growth drivers for non-toxic nail polish.
Regional Analysis
North America to Head Non-Toxic Nail Polish Market
With a higher CAGR %, North America is predicted to have the greatest market share. North American nations like the US & Canada are a vital factor in the expansion of the continent’s regional markets.
APAC to Have Admirable Growth in Non-Toxic Nail Polish Market
The Asia Pacific region secures the top spot in the industry. The demand for nail paint has risen as a result of the rising number of working women in countries like China & India, and their increased interest in investing on nail care & fashion trends. Additionally, in a country like India, where the young population is growing, there are expected to be many prospects for business expansion in the next years.
For further insights, explore the complete report details at @
https://www.marketresearchfuture.com/reports/non-toxic-nail-polish-market-3815
Key Players
Eminent market players profiled in the global non-toxic nail polish market report include Orly International Inc (US), Kure Bazaar SAS (France), Smith & Cult LLC (US), NBY London Ltd. (UK), Kosé Corporation (Japan), Art of Beauty Inc (US), Pacifica Companies (India), Benecos. (UK), Cienna Rose Limited (UK), and Butter LONDON LLC (UK).
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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