Cosmetic perfumery glass bottle packaging market was valued at USD 1809.26 million in 2020 and is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growth in cosmetic and perfumery industry.
The refined lifestyle coupled with desire towards better personality and increased disposable income are the key factors responsible for rising demands of beauty products. The increasing consumption and production of these products proved that the packaging look and feel is also a significant factor. Hence, manufacturers are aiming for better packaging solutions which will provide customers a premium feel in a cost effective manner. Quality packaging offers attractive options for customers and also maintains the effectiveness and quality of the product inside the bottle.
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Glass is among the oldest packaging materials which it does not degrade, is impermeable and nonporous and provides chemically static properties. Hence, glass is used in the packaging of many cosmetics. Furthermore, it is also a highly sustainable product, thus it can be recycled indefinitely with no loss in quantity. Many of the renowned brands all over the world use massive amounts of glass packaging for their products, which certainly makes them more posh-looking and attractive. Also, high-end products are usually seen in glass containers, such as perfumes.
Market Trends, Drivers, Restraints, and Opportunities
- The growing aspirations of better physical beauty and appearance are expected to propel the market of cosmetic and perfume glass bottle.
- The fierce competition in cosmetic industry is likely to force the perfumery and cosmetic industry to choose better and innovative glass packaging solutions which is projected to play a significant role in boosting the global cosmetic and perfume glass bottle market.
- The rising disposable income and growing inclusion of cosmetic and perfumery products into everyday grooming practices is anticipated to fuel the market expansion.
- Increasing use of plastic in cosmetic and perfumery packaging is estimated to impede the growth of the global cosmetic and perfume glass bottle market.
- R&D investment and technological advancement in cosmetic perfumery glass bottle packaging market are expected to offer lucrative opportunities for the market players.
Market Segment insights
The Perfume segment is projected to constitute a large market share
Based on product type, the Cosmetic perfumery glass bottle packaging market is segregated into perfumes, nail care and skincare. The perfumes segment is expected to account for a key share of the market during the forecast period owing to the rising demand for natural fragrances and the increasing popularity of luxury perfume. This increased demand has also made companies invest in innovative designs for perfume bottles. The key players such as Piramal Glass had invested EUR 15 million to add three new Premium Perfume Bottle manufacturing lines to provide an additional capacity of 50 million pieces. Furthermore, fragrance companies are investing laboriously in designing the caps for making them look elegant and luxurious with glass bottles.
North America is expected to dominate the market
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to expand at a robust CAGR during the forecast period. The increasing adoption of advanced technologies for cosmetic growing trends of skincare products and packaging are anticipated to boost the market growth over the coming years. Perfume and Nail care products are the biggest focus of consumers and retailers in the country. However, market in Europe is projected to expand at a robust pace driven by strong demand and higher consumption of cosmetic and perfumery product.
Compititive Landscape
Key players competing in the Cosmetic perfumery glass bottle packaging market include Piramal Glass, Roma International PLC, Zignago Vetro SpA, Gerresheimer AG and Vitro Packaging, LLC.
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The Perfumery Glass Bottles Market 2021 research report gives emerging industry data, global segments and regional outlook.
This report covers up all details such as size, share, value, growth, restraints, and opportunities for the year 2020 to 2027.
The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.
The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the perfumery glass bottles market include Verescence, Vidraria Anchieta, Gerresheimer, Roma International PLC, SGB Packaging, Stölzle-Oberglas, Baralan, Consol Glass, Continental Bottle, DSM Packaging, Heinz-Glass.S.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Perfumery Glass Bottles Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/perfumery-glass-bottles-market/download-sample Market DynamicsVisual communication remains the central philosophy of perfume packaging industry.
The global perfumery glass bottles market size is expected to reach USD 2.09 billion by 2026, exhibiting a CAGR of 4.4% during the forecast period.
The market size stood at USD 1.49 Billion in 2018.According to the recent report published by Fortune Business Insights in a report, titled “Perfumery Glass Bottles Market Size, Share & Industry Analysis, By Form (Translucent, Transparent, and Opaque), Capacity (0-50 ml, 50-150 ml, and >150 ml), and Regional Forecasts, 2019 – 2026”, The rising inclination of customers towards the packaging of cosmetic products will subsequently escalate the demand for perfumery glass bottles in the forthcoming years.Furthermore, the growing research and development in the cosmetics industry will enable the healthy growth of the Perfumery Glass Bottles Market in the future.
For instance, according to the Cosmetics European Trade Association, The European cosmetics and personal care industry employ approximately 28,800 scientists from a wide range of disciplines, including physics, microbiology, biology, dermatology, dentistry, toxicology, rheology, analytical chemistry, and genetics.
There are at least 77 scientific innovation facilities in Europe carrying research in relation to cosmetics.List of Best Companies in the Perfumery Glass Bottles Market Include;VerescenceVidraria AnchietaGerresheimerRoma International PLCSGB PackagingStölzle-OberglasBaralanConsol GlassContinental BottleDSM PackagingHeinz-GlassMoreover, it also shows different procedures and strategies, benefactors and dealers working in the market, explores components convincing market development, generation patterns, and following systems.
Additionally, the figures and topics covered in this report are both all-inclusive and reliable for the readers.Browse Summary of 120 Pages Premium Research Report Enabled with Detailed TOC, Tables and Figures: https://www.fortunebusinessinsights.com/perfumery-glass-bottles-market-102064Announcement of Glass Bottle with SCULPT’in Technology to Spur New Market OpportunitiesVerescence, a global leader in glass bottle manufacturing for the perfumery and cosmetics industry, manufactured an exceptional glass bottle with its SCULPT’in technology for Arizona, the first fragrance by fashion brand Proenza Schouler under a license agreement with L’Oréal.
Furthermore, the Arizona bottle demonstrates Verescence’s innovation capabilities, both in terms of glass and decoration.The introduction of the new remarkable glass bootle with SCULPT’in technology will bolster the healthy growth of the market during the forecast period owing to the unique and innovative glass.
