The cosmetic perfumery glass bottle packaging market size 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.
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.
The Covid-19 pandemic had an unpleasant impact on the Cosmetic perfumery glass bottle packaging market. The production of raw materials has been on halt leading to inconsistent demand and supply. The market suffered significant loss; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
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.
Scope of Cosmetic Perfumery Glass Bottle Packaging Market Report
The report on the cosmetic perfumery glass bottle packaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Cosmetic Perfumery Glass Bottle Packaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Product Type (Perfumes, Nail Care and Skincare)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Piramal Glass, Roma International PLC, Zignago Vetro SpA, Gerresheimer AG and Vitro Packaging, LLC.
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Cosmetic Perfumery Glass Bottle Packaging Market Segment Insights
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.
The skincare segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to the increasing usage of serums and oils in skincare products, which require glass packaging and offer premier look to products, is expected to increase and the demand for products with applicators. The demand for face serums and oils is rising as they offer moisturization, hydration, and blemish clearing benefits, anti-aging, and skin repair, among others. Their rise in demand has increased the growth of push pump and dropper bottles.
The nail care segment is expected to expand at a robust CAGR during the forecast period due to the success of gel formulas and artistic manicures, with liquid nail, in new-generation nail care products this had lead the demand for glass containers.
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.
Segments
The Cosmetic perfumery glass bottle packaging market has been segmented on the basis of
Product Type
- Perfumes
- Nail Care
- Skincare
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive 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. Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instances,
In September 2019, Gerresheimer AG declared its plan to drive sustainable cosmetic glass packaging by using more post-consumer recycled glass. The company stated that from 2020, it would also begin producing glass with a higher proportion of recycled glass at the Tettau site in Germany.
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