Nail Polish Market [2023] – Latest Report Researches the

PUNE, Feb. 27, 2023 (GLOBE NEWSWIRE) — The global nail polish market size was estimated at US$19255.64 million in 2022 and is expected to grow by US$1.5 million CAGR of 7.58% during the forecast period, reaching $29857.46 million by 2028.

Global Nail Polish Market research report covers the analysis and insights related to the size and growth rate of the market by various segments for the period 2019-2028, with 2019-2021 as historical data, 2022 as base year and 2023-2028 as forecast period. The report provides a detailed overview of the market size, growth rate and distribution of the market by various segments (mainly product type, technology, applications and geography) for the entire study period.

Get a sample PDF of the report at – https://www.marketreportsworld.com/enquiry/request-sample/22368720

The quantitative insights in the report are complemented with coverage of the underlying market drivers, restraints, opportunities, and trends that aid in the analysis of the market over the forecast period. The report includes a detailed competitive landscape section with information on the major players in the market, market share analysis and comprehensive profiles of these major players.

The global nail polish market research report also mainly includes information on the latest technological trends, recent industry developments (mergers, acquisitions and partnerships), the impact of the pandemic on the market, a regulatory overview, pricing analysis, supply chain analysis and Porter’s five forces analysis etc. The report covers all major regions (mainly North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and key countries (mainly USA, Canada, UK, Germany, France, Italy, Spain, Japan, China, India, Australia, Brazil, Mexico, South Africa and UAE).

Get Sample Copy of Nail Polish Market Research Report 2023

LATEST TRENDS:

Continuous technological innovations to change the market outlook

The nail polish market is expected to be positively impacted by technological trends driven by increased R&D spending and an increasing focus on innovation by industry players, leading to novel breakthroughs. Significant opportunities during the forecast period will result in new players entering the market and the market will become more competitive. Consumer expectations will continue to evolve, which will be met by new product launches with new features or lower prices, as top companies focus on maintaining their leadership position and new players seek to establish market presence.

DRIVING FACTORS:

Increase in demand from key end-user verticals to accelerate market growth

The nail polish market is expected to keep growing due to the surge in demand from the major application industries. Macroeconomic factors such as global economic expansion, rapid urbanization, a growing middle class and increased consumer purchasing power will drive the growth of key industries.

• Global economic output was over 100 trillion US dollars in 2022. The top 5 economies (USA, China, Japan, Germany and UK) generated around 58% of global economic output in 2022.
• By 2030, the middle-class population is expected to exceed 5.5 billion, accounting for over 65% of the world’s population.
• Global GDP per capita is projected to reach $13,920 in 2025, an increase of 35% over 2015-2025.

Industries are expanding their product portfolios or increasing their existing production capacities to meet growing consumer demand for products and services. The rise of various end-use sectors would therefore give the market a significant boost in the future.

LIMITING FACTORS:

High costs and a bleak economic outlook are hampering demand

The nail polish market has witnessed rapid demand and acceptance across various key applications and end-use sectors over the past few years. However, the global economy, which has been struggling since the pandemic, is expected to grow more slowly due to the Russia-Ukraine war, rising inflation and rising interest rates. All of these factors are causing consumers to refrain from making purchases, which is adversely affecting the manufacturing sector and the overall market potential.

High product costs and the availability of alternatives are a key factor limiting its demand and acceptance also in several regions.

Inquire or share your questions, if any, before purchasing this report – https://www.marketreportsworld.com/enquiry/pre-order-enquiry/22368720

EFFECTS OF COVID-19:

COVID-19 affected almost every industry including the global nail polish market. Severe restrictions put in place by respective governments to curb the spread of the pandemic created multiple obstacles for certain markets, while the same factors presented a major opportunity for others. Due to nationwide lockdowns in most countries, including restrictions on the movement of goods and people, the nail polish market has been affected. The COVID-19 pandemic affected market dynamics in both developed regions and emerging markets. Almost all regions had enforced strict lockdowns and other restrictions to curb the spread of the coronavirus. However, after the pandemic, all economies have gradually recovered, bringing the market back on track.

To understand how the impact of COVID-19 is covered in this report. Request a sample copy of the report

Global Nail Polish Market: Segmentation Analysis

The research report contains specific segments by product type, technology, application, and region (country). The report provides details of revenue during the historical and forecast period. Understanding the segments helps in identifying the importance of different factors supporting the market growth.

Nail Polish Market Segment By Type:

Nail Polish Market Segment By Application

• Institutions for nail art
• individuals

REGIONAL INSIGHTS:

Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Developed economies will continue to account for a larger share of the market, but growth in per capita income and economic growth will translate into much stronger growth in developing countries. However, as inflation continues to rise, the market is threatened with a recession. The high level of uncertainty surrounding the ongoing recession could have a significant impact on the nail polish market over the next few years.

Get Sample Copy of Nail Polish Market Research Report 2023

Key Players Listed in the Nail Polish Market Report are:

The Nail Polish market report provides a detailed description of all factors influencing the growth of these market players along with their detailed profiles. The profiles include the general overview of the company, its product portfolio, financial data (subject to availability), SWOT analysis, current developments and growth strategies. Some of the key players are as follows:

• Miracle Gel by Sally Hansen
• OPI nail polish
• new York
• Zoya
• Debora Lippmann
• Blacksmith & Cult
• Nails Inc. Gel Effect
• Red Carpet Manicure Color Dip Nail Kit
• It she
• Revlon ColorStay Gel Envy Nail Polish

REPORT COVERAGE:

Nail Polish Market report provides a detailed analysis of the market focusing on key aspects like leading companies, type, technology, and application/end-user. Additionally, it provides insights into the market trends, highlights key industry developments such as new product launches, partnerships, mergers and acquisitions, and encompasses several factors that have contributed to the growth of the advanced market in recent years.

The report contains key growth drivers, restraining factors, opportunities and potential challenges for the market. Comprehensive insights into regional developments are explained in detail, along with the list of the major market players along with the strategies they are adopting to stay ahead of the competition. The latest industry developments are detailed in the report. The study also provides a detailed understanding of the recent COVID-19 pandemic in the nail polish market. The ongoing recession and inflation and their impact on the market have been assessed in our latest research report.

Buy this report (Price $3250 for a single user license) – https://www.marketreportsworld.com/purchase/22368720

Detailed TOC of Global Nail Polish Market Report 2023

1 Nail Polish Market Overview

1.1 Product Overview and Scope of Nail Polish Market
1.2 Nail Polish Market Segment by Type
1.2.1 Global Nail Polish Market Comparison with Sales Volume and CAGR by Type (2018-2028)
1.3 Global Nail Polish Market Segment by Application
1.3.1 Nail Polish Market Consumption (Sales Volume) Comparison by Application (2018-2028)
1.4 Global Nail Polish Market, Regional (2018-2028)
1.4.1 Global Nail Polish Market Size (Revenue) and CAGR Comparison by Region (2018-2028)
1.4.2 United States Nail Polish Market Status and Prospect (2018-2028)
1.4.3 Europe Nail Polish Market Status and Prospect (2018-2028)
1.4.4 China Nail Polish Market Status and Prospect (2018-2028)
1.4.5 Japan Nail Polish Market Status and Prospect (2018-2028)
1.4.6 India Nail Polish Market Status and Prospect (2018-2028)
1.4.7 Southeast Asia Nail Polish Market Status and Prospect (2018-2028)
1.4.8 Latin America Nail Polish Market Status and Prospect (2018-2028)
1.4.9 Middle East and Africa Nail Polish Market Status and Prospect (2018-2028)
1.5 Global Nail Polish Market Size (2018-2028)
1.5.1 Global Nail Polish Market Revenue Status and Outlook (2018-2028)
1.5.2 Global Nail Polish Market Status and Outlook (2018-2028)
1.6 Global Macroeconomic Analysis
1.7 The impact of the Russia-Ukraine war on the nail polish market

2 Industry Outlook

2.1 Nail Polish Industry Technology Status and Trends
2.2 Industry Entry Barriers
2.2.1 Analysis of financial barriers
2.2.2 Analysis of technical barriers
2.2.3 Analysis of talent barriers
2.2.4 Brand barrier analysis
2.3 Nail Polish Market Drivers Analysis
2.4 Nail Polish Market Challenges Analysis
2.5 Emerging Market Trends
2.6 Analysis of consumer preferences
2.7 Nail Polish Industry Development Trends During COVID-19 Outbreak
2.7.1 Overview of COVID-19 global status
2.7.2 Influence of COVID-19 Outbreak on Nail Polish Industry Development

……………….Continuation

Browse the full table of contents at – https://www.marketreportsworld.com/TOC/22368720

About Us: –

Market Reports World is the credible source for market reports that will give you the edge your business needs. The market is changing rapidly as the industry continues to expand. Technological advances have brought multiple benefits to today’s businesses, leading to daily economic changes. Therefore, it is very important for a company to understand the patterns of market movements in order to better strategize. An efficient strategy gives companies a head start in planning and a competitive edge.