Cosmetic And Perfume Glass Bottle Market Report
Global Cosmetic and Perfume Glass Bottle Market, Trend, Scope, Market Dynamics – 2022-2026 See less
Global Cosmetic and Perfume Glass Bottle Market, Trend, Scope, Market Dynamics – 2022-2026
The report on Global Cosmetic and Perfume Glass Bottle Market is segregated By Type (High-End Cosmetic and Perfumes, Mid-Range, Low Range), By Application (Hair Care, Skin Care, Make-Up, Perfumery, Bath and Shower, and Others), and Region. This market report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Cosmetic and Perfume Glass Bottle market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Global Cosmetic and Perfume Glass Bottle Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 7.2% during the forecast period.
Figure: Global Cosmetic and Perfume Glass Bottle Market Size, 2020-2026 (USD Million)
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Packaging of cosmetics and related products constitute a key part of the aesthetics and functionality and can affect the effectiveness of the quality and formulation of the contained product formulation. As per technical excellence of glass as a packaging material, moulded glass bottles are mainly used in the perfumery and cosmetic industries. For effective marketing, the distinctiveness that glass bottles can lends to a product externally which has made it critical for product differentiation. The evolution of various designs, shapes, styles, decoration, and material combinations has been vital for the use of glass bottle for cosmetic and perfume packaging.
"Booming cosmetic and perfumery industry positively stimulates the product consumption."
Improved standards of living with rising purchasing power and a growing desire towards better personality are the key factors driving the demand for cosmetic products, thus boosts the product demand. The significant growth in production and consumption of perfumes and cosmetics is evident that the consumers also look for the aesthetic appeal of the packaging. High quality packaging offers attractive options for customers as well as maintains the effectiveness and quality of the product within the bottle. However, the rising use of plastic in the packaging of cosmetic and perfumery is likely to hinder the market growth.
Top 12 Key players
Key players operating in the global cosmetic and perfume glass bottle market are -
"Rising popularity of luxury perfume are key attributes boosting the application segment growth."
Based on application, the perfumery segment is likely to register a healthy CAGR in the coming years. The surging demand for natural perfumes when compared to synthetic-based ingredients are key attributes boosting the application segment growth.
"The strong demand for perfume products in India, Japan, and China further boost the product demand."
By region, the European market is likely to register the largest market size for cosmetic and perfume glass bottles owing to robust demand and rising consumption of perfumery and cosmetic products in the European countries. UK, Germany, France, Italy, etc. among others are some of the key contributors. The Asia Pacific market is estimated to register the fastest CAGR by the end of 2026 due to increasing per capita income and growing awareness of perfumery and cosmetic primarily in growing urban population.
"This sector has been resilient and the industry has been responded positively to the pandemic."
The spread of COVID-19 substantially affected the cosmetic and perfumery sector, thus affecting the demand for glass bottles for packaging. The first quarter sales of 2020 was weak, although it is expected to regain normalcy rapidly. In China, the cosmetic industry’s February sales fell up to 80 percent than 2019. This sector has been resilient and the industry has been responded positively to the pandemic, with these beauty brands shifting their manufacturing to produce hand sanitizers.
Here is a list of target audience, the group of people who are likely to buy/invest in this market.
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The cosmetic and perfume glass bottle market is expected to witness an impressive growth of 7.2% CAGR in the foreseeable future.
Verescence Inc. (France), Vidraria Anchieta (Brazil), Vitro SAB De CV (Mexico), Zignago Vetro SpA (Italy), Piramal Glass (India), Pragati Glass Pvt Ltd (India), Roma International Plc (UK), Saver Glass Inc. (The U.S.), Sks Bottle & Packaging Inc. (India), Stolzle-Oberglas GmbH (Austria), Apg Group (Verbeeck Packaging Group) (Belgium), Baralan International SpA (Italy) are among the key players in the Cosmetic and Perfume Glass Bottle Market.
Europe is expected to be the largest cosmetic and glass bottle market during the forecast period of 2020-26.
Improved standards of living with rising purchasing power and a growing desire towards better personality are the key factors driving the growth of cosmetic and perfume glass bottle market.
Perfumery segment is likely to register a healthy CAGR in the cosmetic and perfume glass bottle market in the coming five years.
Cosmetic and Perfume Glass Bottle vendors, Cosmetic and Perfume Glass Bottle retailers, Cosmetic and Perfume Glass Bottle manufacturers, Glass manufacturing companies, Personal care companies are the target audience in the cosmetic and perfume glass bottle market.