Global Cosmetics and Perfumery Glass Bottles Market 2023-2030

Global Cosmetics and Perfumery Glass Bottles Market 2023-2030

Global cosmetics and perfumery glass bottles market is anticipated to grow at a CAGR of 3.8% during the forecast period. Packaging is an important part of the functionality and aesthetics of cosmetic and fragrance items, and it may affect the formulation's efficiency as well as the quality of the substance it contains. Owing to these factors, molded glass bottles are frequently used in the cosmetics and perfume sectors due to their technological superiority. For instance, in August 2022, the Italian producer of beauty packaging solutions launched ""Vogue,"" a standard 30ml glass container suited for color cosmetic emulsions. Vogue comes with a variety of practical attachments, including a flush cap that precisely fits with the slender bottle with a thick, high bottom; a high collar with small cleats that allow a flawless and safe closing; and a pump with a one-finger actuator.

Segmental Outlook

The global cosmetics and perfumery glass bottles market is segmented by product type. Based on product type, the market is bifurcated into perfumes, nail care, and skin care.

The Perfumes Segment Holds a Prominent Share in the Global Cosmetics and Perfumery Glass Bottles Market

Based on product type, the market is bifurcated into perfumes, nail care, and skin care. Among these, the perfumes segment is expected to hold a significant market share during the forecast period. The perfume sector uses more glass bottle packaging. This is because perfumes are often considered a luxury item and are marketed as such, so they are packaged in high-quality and attractive bottles to appeal to consumers. Glass is a popular material for perfume bottles as it is elegant and timeless, and it also helps to protect the fragrance inside from light and air exposure, which can degrade the scent. While nail care and skin care products may also be packaged in glass bottles, they are more commonly found in plastic or metal packaging.

Regional Outlook

The global cosmetics and perfumery glass bottles market is segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the rest of the world (the Middle East and Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among the regions, the European region is expected to generate the highest market share, followed by the Asia-Pacific market. Due to growing per capita income and improved understanding of cosmetics and perfumery, particularly among the rapidly developing urban population, the Asia Pacific region is predicted to be the second-largest market for cosmetic and perfume glass bottles. Japan, India, and China are the key drivers of demand in the Asia-Pacific region.

The European Region is Expected to Dominate the Global Cosmetics and Perfumery Glass Bottles Market

The growth is mainly attributed owing to robust demand and expanding consumption of perfumery and cosmetic goods in European nations. The UK, France, Germany, and Italy, among others, are some of the key region that positively contributed to the growth of the market. The region also has some of the major companies operating in the market, such as Verallia, Vetropack Group, Stoelzle Glass Group, and others. Additionally, the European market has a strong focus on sustainability, and glass bottles are perceived as being a more environmentally friendly option than plastic. Glass is recyclable and can be reused many times without losing quality, which makes it an attractive option for consumers who are concerned about the environmental impact of their purchases. Governments are also supporting this sustainability trend. For instance, in November 2022, the EU government launched new rules on packaging, according to which the goal is to minimize packaging waste by 15% per capita in each member state by 2040, compared to 2018. In comparison to a no-change scenario, this results in a 37% decrease in overall waste in the EU, and accomplished through both reuse and recycling.

Market Players Outlook

The major companies serving the global cosmetics and perfumery glass bottles market include SKS Bottle & Packaging, Inc., Stolzle Glass Group, Baralan International S.p.A., BORMIOLI LUIGI S.p.A., and others. These companies are considerably contributing to the market’s growth through the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, investments, and new product launches to stay competitive in the market. For instance, in February 2023, Verescence launched two new fragrance bottles, Moon and Gem, in partnership with French designer De Baschmakoff, demonstrating their technical expertise in employing lightweight glass for complicated designs. At 100 ml, the Moon bottle weighs 106 g. This one-of-a-kind organic shape has an off-center screw neck (SNI 15) while maintaining the perfect symmetry of the bottle's faces and providing a pleasant grip. On the other hand, the 100 ml Gem bottle weighs 97 g. It features a stunning geometrical design with sharp angles and a large octagonal front, giving it the appearance of a valuable diamond.