The global perfumery glass bottle market is set to gain momentum from the increasing marketing strategies and advertisements implemented by prominent companies. Besides, the rising trend of online shopping would boost growth. The report further states that the market size was USD 1,556.2 million in 2019 and is projected to reach USD 2227.44 million by 2032, exhibiting a CAGR of 5.25% during the forecast period (2024-2032).
Top Leading Players:
- Verescence (Puteaux cedex, France)
- Vidraria Anchieta (São Paulo, Brazil)
- Gerresheimer AG (Düsseldorf, Germany)
- Roma International PLC (Hadleigh, U.K.)
- SGB Packaging Group (New Jersey, U.S.)
- Stölzle-Oberglas Gmbh (Köflach, Austria)
- Baralan International S.p.A. (Milan, Italy)
- Consol Glass Pty Ltd. ( Johannesburg, South Africa)
- Continental Bottle Company Ltd. (Cheshire, U.K.)
- DSM Packaging Sdn Bhd (Kuala Lumpur, Malaysia)
- HEINZ-GLAS GmbH & Co. KGaA (Kleintettau, Germany)
Information Source: https://www.fortunebusinessinsights.com/perfumery-glass-bottles-market-102064
This Report Answers the Following Questions:
- What are the current trends propelling the sale of perfume packaging products?
- What are the latest developments & innovations done by reputed companies?
- What are the challenges, opportunities, drivers, and hindrances for the market?
- Which are the new segments to focus on for prioritizing investments & efforts?
Drivers & Restraints
Increasing Demand for Branded Packaging to Accelerate Growth
Manufacturers nowadays are focusing on customization and innovation of perfumery glass bottles as premium packaging is a very crucial factor for attracting the attention of consumers. They are trying to keep up with the requirements of consumers and making bottles accordingly to generate more sales. Gerresheimer AG, for instance, delivers a wide range of unique perfume glass bottles that are available in various shapes and sizes. The rising demand for luxurious and branded packaging solutions from consumers worldwide is set to boost the perfumery glass bottle market growth in the near future. However, the usage of lightweight plastic bottles may hinder growth.
Regional Analysis
Rising Disposable Incomes of People to Favor Growth in Asia Pacific
In 2019, North America earned USD 533.1 million in terms of revenue. This growth is attributable to the rising working and young population in the developed countries, such as Mexico, Canada, and the U.S. Asia Pacific, on the other hand, is set to be the fastest-growing region because of the increasing need to maintain the standards of living. Coupled with this, the rising focus on beauty & wellness and surging disposable incomes of people would bolster growth.
Segment
Transparent Segment to Hold Major Share Fueled by Clear Visibility
Based on form, the translucent segment generated 39.93% in terms of perfumery glass bottle market share in 2019. The transparent segment is expected to hold the major share on account of the ability of these bottles to provide clear visibility of the content.
Competitive Landscape
Key Players Aim to Develop Unique Products to Intensify Competition
The market for perfumery glass bottles consists of various manufacturers. They are mainly aiming to conduct research and development activities for creating novel products. Some of the local companies are entering the marketplace through mergers & acquisitions, product launches, and signing agreements.
Below are the two latest industry developments:
- January 2020: Verescence, a prominent manufacturer of glass headquartered in France developed the first ‘safety glass’ for What Matters, a digital start-up. The new products will be launched in spring 2020. The safety glass bottles provide an eco-responsible alternative to plastic.
- September 2019: Gerresheimer, a producer of glass packaging announced that it will begin producing products with a higher proportion of recycled glass from 2020. It will be done at the Tettau site, Germany.
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