Perfumery Glass Bottles Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Perfumery Glass Bottles Market
The perfumery glass bottles market size was valued at USD 1,556.2 million in 2019, and the market is now projected to grow from USD 2227.44 million by 2032, exhibiting a CAGR of 5.25% during the forecast period of 2020-2027.
The perfumery glass bottles market growth declined during COVID-19 resulting from low sales of perfumes, lack of workforce and supply chain issues. The production of its products was affected by scarcity of raw materials and economic difficulties following the recession and restrictions on the movement of goods across the borders. However favourable actions such as lifting lockdowns and improving the overall global economy are expected to drive the market. A slow return to the pre-crisis levels is expected as the consumption of luxury products recovers. This proves its growth in the market even with the reduction caused by the worldwide pandemic outbreak.
The shifting consumer trend towards using expensive and high-end packaging is boosting the perfumery glass bottles market share. Key players such as Verescence and Gerresheimer focus on innovation and customization, introducing stylish and branded designs to meet consumer demands. These advancements enhance consumer satisfaction and boost sales, propelling market growth. Rising spending on branded packaging further supports this trend. Such developments are expected to expand the market significantly during 2020–2027.
Further, e-commerce sales for perfumery products are escalating the market for perfumery glass bottles as companies see their perfumes being sold online. Increased internet usage, smartphone adoption and better market positioning by various players contribute significantly to greater demand. Manufacturers aim to develop unique, attractive glass bottle designs to influence customer choices. Increased buying power and convenience enhance market expansion. These factors collectively foster growth in the perfumery glass bottle sector.
Comprehensive Analysis of Perfumery Glass Bottles Market
The perfumery glass bottles market and consumer goods industry are rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the consumer goods industry. These segmentations are methodically segregated by form and by capacity. The form includes, Translucent, Transparent and Opaque. The capacity includes, 0-50 ml, 50-150 ml and >150 ml.
North America held the largest share due to the region’s high production of USD 533.1 million in 2019. This region is anticipated to account for the largest market share in the forthcoming period. The growing youth and workforce in developed countries such as the U.S., Canada and Mexico are the main drivers of the perfume glass bottle market. This region has a high demand for premium perfumes due to enhancing consumers' purchasing power.
The top players in the market play a crucial role in the consumer goods industry assuring industrial prospectus growth and setting market standards. These players include, 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) and HEINZ-GLAS GmbH & Co. KGaA (Kleintettau, Germany). These market players provide a level-playing competitive landscape.
In January 2020, Verescence developed the first “Safety glass” bottles for the French start-up, What Matters and Less Plastic Use. The launch is held in the Spring of 2020.
Segmentation Table
Global Perfumery Glass Bottles Market Scope
Study Period2016-2027
Base Year2019
Forecast Period2020-2027
Growth RateCAGR of 5.25% from 2020 to 2027
Historical Period2016-2018
UnitValue (USD Billion)
SegmentationBy Form, Capacity, and Region
By FormTranslucent
Transparent
Opaque
By Capacity0-50 ml
50-150 ml
>150 ml
By RegionNorth America
By Form
By Capacity
By Country
US
Canada
Mexico
Europe
By Form
By Capacity
By Country
Germany
France
Italy
Spain
U.K.
Rest of Europe
Asia Pacific
By Form
By Capacity
By Country
China
India
Japan
Australia
Rest of Asia Pacific
South America
By Form
By Capacity
By Country
Brazil
Argentina
Rest of South America
Middle East and Africa
By Form
By Capacity
By Country
UAE
South Africa
Rest of Middle East & Africa
Please Note: It will take 5-6 business days to complete the report upon order confirmation.