Global Cosmetics & Perfumery Glass Bottle Packaging Market - 2022-2029

Global Cosmetics & Perfumery Glass Bottle Packaging Market - 2022-2029

Market Overview

Cosmetics & perfumery glass bottle packaging is very important for the attractive look of the product. Glass is the material of choice of the majority of perfume glass bottle manufacturers. Glass bottle packaging is regarded to be of high luxury standards due to their well-shaped curves and excellent reflection power. Glass bottles for perfume and cosmetic offers a very classic appearance and can deliver a luxurious feel due to these suppliers are coming into the market, and leading manufacturers prefer glass bottles for perfumes and cosmetics. Glass bottle doesn't have any expiry date, and their transparent nature enhances the products inside beauty. Glass bottles are more durable than other packaging material if used in the right way. Glass does not change its shape over a period of time. Glass is completely enviro-friendly and may be used or recycled to create new materials. The eco-friendly attribute of glass packaging propels the demand for cosmetic and perfumery glass bottle packaging.

The global cosmetics & perfumery glass bottle packaging market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 4.12% during the forecast period (2022-2029).

Market Dynamics: An increase demand of glass in cosmetics & perfumery bottle packaging drives the market growth

As living standards and expenditure have grown, the need for more luxury cosmetics has increased. Glass bottles, considered high quality, have high demand from consumers. That is one of the main reasons for the increase in the sales of glass perfume bottles. The perfume bottles are getting increasingly competitive, and finding a way to stand out from the throng is vital. Increasing cosmetics and perfumery glass bottle launches create positive demand for glass bottles. Another packaging material is made from chemicals that touch with perfume liquid and may melt and combine. However, glass is a natural substance composed of limestone and sand. It has no hazardous ingredients that might react with the scent molecules. Furthermore, because of their sturdy construction, glass bottles prohibit any type of exterior chemical from penetrating inside. As a result, they are considered safer for packing perfume and cosmetic products. Increasing the health consciousness of consumers increases the demand for glass bottle packaging. Moreover, nowadays, people consider Eco-friendliness when selecting a product. Glass is one of the eco-friendly packaging materials that are easily recyclable owing to increase demand in the market.

Moreover, the increased use of glass packaging in nail care products is helping to drive the rise of glass bottles in the cosmetics sector. An increasing number of young and working women have been spending more money on nail care products at retail stores experimenting with new DIY trends at home while also indulging in manicures and nail spas frequently. These factors positively impacted the market.

Market Segmentation: Perfumes segment accounted for the highest share in global cosmetics & perfumery glass bottle packaging market.

The perfume segment is highly dominated owing to increased consumer demand for enviro-friendly packaging material. Major Key players launched multiple options of luxurious, individually developed perfume flacons in brilliant cosmetics flint glass, including an unlimited range of feeder-colored glass perfumery glass bottles in the market that increase segment growth. In June 2020, Fairdale Packaging Group announced the launch of new concept perfume bottles at Cosmoprof Asia Digital Week. The new packaging solutions feature a new range of concept perfume bottles revealing new technology and design that creates a new opportunity for the packaging industry. These new concept perfume bottles are made from glass with a new design concept. These special and novel designs include a pocket perfume set, a capsule bottle, and an EGG bottle. These new concept perfume bottles are made from eco-friendly materials that help to sustain the environment. Moreover, key players add new sustainable solutions in a perfume bottle that helps to increase the demand for glass perfume bottles. For instance, in September 2021, Chanel launched a sustainable cap for perfume bottles. The cap will be used for all 125-milliliter bottles of the Les Eaux de Chanel collection of fragrances. The sustainable cap took two years and 47 previous prototypes before it was finalized, with the biodegradable cap made of 91 percent plant-based materials. Increasing perfume demand from working professionals drives segment growth in the forecast period.

Geographical Penetration: Asia Pacific is the dominating region during the forecast period

The Asia Pacific is expected to generate the highest market share in the forecast period. India and China are the largest share-contributed countries in the region. Some key players expand their business in major countries like India and China. Increasing the demand and popularity of innovative beauty and personal care products will promote cosmetic and perfumery glass bottle packaging in the region. Generally, manufacturers of the cosmetic and perfume glass packaging market focus on the client base in rising economies, for example, India and China. The variety in cosmetics and perfume products in India creates demand for glass bottle packaging. Moreover, rising beauty standards and continuous innovation in cosmetic product development, coupled with new product launches, will further boost the market's growth in this region. Developing countries like India and China are actively participated in beautifying agents, perfumery, and bundling

Competitive Landscape

There are several established participants in the industry and local manufacturers; hence, the market is fragmented. Some major market players are HEINZ-GLAS GmbH & Co. KGaA, SGD Pharma, Zignago Vetro, Piramal Glass Private Limited, Roma International PLC, Rockwood & Hines Glass Group, Gerresheimer AG, Lumson SpA and Baralan International SpA among others. Some major key players expand their businesses to increase their sales. For instance, in June 2022, SGD Pharma, a leader in pharmaceutical-grade molded glass vials, expanded globally in the cosmetics and beauty segment. SGD Pharma offers its Constellations stock range of glass cosmetics packaging to customers globally, which includes solutions of different sizes for various beauty products, including skincare, nutraceuticals and beauty creams, as well as custom designs and shapes to brands, making their products instantly recognizable. Some major key players follow merger and acquisition strategies to grow their businesses. For instance, in December 2020, Blackstone acquired Piramal glass for 1 billion. Earlier this year, the group sold US-based DRG, a 100% subsidiary of PEL, to US-based Clarivate Analytics for $950 million. Piramal Glass manufactures container glass packaging solutions for perfumery, cosmetics, beverages, specialty food, and pharma industries and has factories across 65 nations, including India, the US, and Sri Lanka. In March 2021, Berlin packaging acquired Roma International PLC. This acquisition will expand Berlin Packaging’s European cosmetics and personal care products capabilities. Roma International is a supplier of nail polish bottles, containers, and closures for perfumes, skincare, aromatherapy, and other personal care products. The company continues its expansion in the United Kingdom. In August 2021, Gerresheimer launched a new part of its webpage dedicated to cosmetic packaging. The cosmetic webpage offers insights into the design solutions and decoration capabilities of Gerresheimer. In addition, a virtual catalog offered a wide range of standard shapes for glass and plastic packaging. Interested visitors can dive deeper into sustainable packaging design aspects, such as using post-consumer recycled (PCR) materials, lightweight solutions and the best options for sustainable packaging decoration.

COVID-19 Impact Negative impact on the global cosmetics & perfumery glass bottle packaging market

Global logistics, supply and demand chains and trade dynamics have all been significantly altered by COVID-19. The pandemic has hit manufacturers from every industry. The pandemic has accelerated the shift from global to local economies. McKinsey Company has examined nine scenarios for the economy over the coming years. They predict that the global beauty industry's revenues could decline 20 to 30 percent in 2020, based on the scenarios that global CEOs are most concerned about and existing trends. As the demand for cosmetic products declined, demand for glass packaging also declined during the Covid pandemic. The negative impact on the market is due to restricting personal contacts, gathering, travel, and the closure of the offices all influence the cosmetics market.

The global cosmetics & perfumery glass bottle packaging market report would provide an access to approximately 61 market data tables, 54 figures and 170 pages