The Global Cosmetic and Perfume Glass Packaging Market Size is expected to reach around US$ 7.2 bn by 2026 and estimated to expand at a CAGR of ~5% during the forecast period 2020 to 2026.
Cosmetic and perfume glass packaging solutions include packaging formats such as jars and bottles. The cosmetic and perfume glass packaging market tends to follow similar dynamics as the cosmetics industry. Among the various applications, the hair care segment of the cosmetic and perfume glass packaging is witnessing substantial growth, and is projected to have a positive outlook during the forecast period.
Rising Consumer Expenditure on Beauty Treatments at Grooming and Wellness Centers to Fuel Sales
Beauty salons and grooming centers are amongst the most benefitted businesses from increasing consumer focus on beauty and wellness. Consumers are willing to spend a significant amount of money on getting timely beauty treatments and services from professionals. The growing number of such commercial setups is driving the global cosmetic and perfume glass packaging market. Shifting consumer expenditure patterns and services provided by the beauty and wellness industry are expected to drive the growth of the cosmetic and perfume glass packaging market during the forecast period. Moreover, the use of color cosmetics in commercial spaces is relatively higher than that by individuals, which, in turn, is expected to fuel demand in the cosmetic and perfume glass packaging market during the forecast period.
Luxury and Premium Packaging Gaining Traction in Cosmetic and Perfume Glass Packaging Market
Premium packaging aids in enhancing consumer satisfaction, and increases the chances of repurchasing and recommending the brand to others. Key players operating in the global cosmetic and perfume glass packaging market are focusing on expanding their product lines by introducing various luxury cosmetic and perfume glass packaging products. This is expected to fuel the demand for cosmetic and perfume glass packaging during the forecast period. Premium packaging uses unique materials such as leather, silk, or even canvas on conventional glass bottles and jars. The most common trending luxury effects include glitter coatings, matte varnish, metallic sheens, pearlescent coatings, raised-UV coatings, and soft touch.
Rising Penetration of Cosmetics and Perfumery in Developing Countries to Generate Remunerative Opportunities
Emerging economies are expected to create favorable demand for cosmetics and perfumery, and their packaging. India is one of the fastest-growing markets for cosmetic consumption and production. Most cosmetic and perfume glass packaging manufacturers are targeting the customer base in emerging economies such as Brazil, Indonesia, Nigeria, India, and ASEAN countries. South East Asia, especially, has a remunerative market for cosmetics, owing to its economic stability and changing consumption pattern of the urban middle class. India, ASEAN, and Brazil are expected to represent an attractive incremental opportunity for the global cosmetic and perfume glass packaging market in the coming years.
The Cosmetic and Perfume Glass Packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Cosmetic and Perfume Glass Packaging market for the base year 2019 and the forecast between 2020 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Cosmetic and Perfume Glass Packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cosmetic and Perfume Glass Packaging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Cosmetic and Perfume Glass Packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Cosmetic and Perfume Glass Packaging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Cosmetic and Perfume Glass Packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Cosmetic and Perfume Glass Packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Cosmetic and Perfume Glass Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Cosmetic and Perfume Glass Packaging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Cosmetic and Perfume Glass Packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Cosmetic and Perfume Glass Packaging market. These factors have benefited the growth of the global market for Cosmetic and Perfume Glass Packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Cosmetic and Perfume Glass Packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Key players in the global cosmetic and perfume glass packaging market are Gerresheimer AG, Swallowfield Plc, Libo Cosmetics Company, Ltd., Coverpla S.A., Aptar Group, Inc., Quadpack Ltd., Saverglass sas., Vitro, S.A.B. de C.V., ?i?ecam Group, ZIGNAGO VETRO S.p.A., Pochet SAS, Piramal Glass Private Limited, Albea S.A, Verescence France SASU, Fusion Packaging, HCP Packaging, Premi spa, Continental Bottle Co. Limited, Stölzle Glass Group, and Rise Cosmetic Packaging Co., Ltd. Gerresheimer AG, Aptar Group, Inc., and Albea S.A. have been identified as leading players in the global market. However, many local and unorganized players are anticipated to contribute to the global cosmetic and perfume glass packaging market in the years to come.
Cosmetic and Perfume Glass Packaging Market by Product
Cosmetic and Perfume Glass Packaging Market by Capacity
Cosmetic and Perfume Glass Packaging Market by Application
Cosmetic and Perfume Glass Packaging Market by Region
In this study, the years considered to estimate the market size of Cosmetic and Perfume Glass Packaging are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
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