The North America cosmetic & perfumery glass bottle packaging market was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of XX% during 2023–2031. The growth of the market is attributed to changing consumer behavior and lifestyles.
Some of the important factors driving the market in the United States are the increasing usage of innovative technologies for cosmetic packaging and expanding trends of skincare products. Consumers and merchants in the nation appear to be most interested in nail care goods after cosmetics.
The worldwide fragrance and perfumes business contributed a total value of more than US$ 8.27 billion in the current year, according to the International Fragrance Association (IFRA).
The salon business in the United States is likewise demonstrating an upward trend in customer interest in beauty goods. The United States is one of the major employers in the salon sector, employing around 712,000 individuals on a yearly basis.
According to the polls, more than a quarter of women who shop for nail products spend between $100 and $200 every month. The increased use of nail paint is likely to affect market development, with glass bottles leading the nail care category.
Michel Gemain Perfumes, one of Canada's most well-known fragrance brands, has adjusted their content strategy in response to the reality that individuals absorb content differently while seeing it online vs offline. Because they believe that the digital world is the new reality, the firm is running its materials on a digital platform.
The Covid-19 pandemic affected the demand and supply of North America cosmetic & perfumery glass bottle packaging market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
For the cosmetics and perfume industries, packaging is essential. For these businesses, packaging is all about security and protection, as well as keeping the product in the best possible condition during transit and storage.
Glass bottles are becoming more popular as a reusable alternative to ecologically hazardous plastics and metals, which is pushing producers to employ them to package their products. Moreover, Glass bottle packaging is believed to be much safer because there is no possibility of chemicals mixing into the finished product, and the consumer's health is not jeopardized.
North America Cosmetic & Perfumery Glass Bottle Packaging Market Trends, Drivers, Restraints, and Opportunities
Glass bottle factors such as strong and long-lasting are projected to boost the market during the forecast period.
Growing awareness of health and personal care are key factors driving the market in the coming years.
Rising demand for sustainable packaging is estimated to boost the market.
Government regulations and guidelines regarding cosmetic packaging are adding support for the demand for glass bottles.
Luxury of glass is anticipated to drive the demand for premium packaging.
Glass bottle packaging can be bulky, expensive, and act as major factor that hampers the market growth during the forecast period.
Scope of North America Cosmetic & Perfumery Glass Bottle Packaging Market Report
The report on the North America 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.
North America Cosmetic & Perfumery Glass Bottle Packaging Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Products (Skin Care, Nail Care, and Perfumes)
North America (Canada and The United States)
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Sgb Packaging Inc.; Sks bottle and Packaging Inc.; Verescence Inc.; Piramal Glass; Vitro Corporation
North America Cosmetic & Perfumery Glass Bottle Packaging Market Segment Insights
The skin care segment is projected to hold a large market share
Based on products, the North America cosmetic & perfumery glass bottle packaging market is bifurcated into acrylic coating technology and epoxy coating technology. The acrylic coating technology segment is expected to hold a key share of the market during the forecast period owing to rising demand for skin care products from emerging markets, as well as demand for dropper bottles for popular face serums.
The North America cosmetic & perfumery glass bottle packaging market has been segmented on the basis of
- Skin Care
- Nail Care
- North America
- The United States
- Sgb Packaging Inc.
- Sks bottle and Packaging Inc.
- Verescence Inc.
- Piramal Glass
- Vitro Corporation
Key players competing in the North America cosmetic & perfumery glass bottle packaging market include Sgb Packaging Inc.; Sks bottle and Packaging Inc.; Verescence Inc.; Piramal Glass; Vitro Corporation.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.