Cosmetics and Perfumery Glass Bottles Market Size Projections Exhibit a CAGR of 5%, Likely to Attain a Value of USD 6.51 Billion by 2033

The Brainy Insights

The global cosmetics and perfumery glass bottles market size is anticipated to grow from USD 4 billion to USD 6.51 billion in 10 years. The market will experience rapid growth due to innovations in glass bottles during the forecast period.

Newark, April 25, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 4 billion in 2023 global cosmetics and perfumery glass bottles market will reach USD 6.51 billion in 2033. Glass bottles are high-end packaging options that improve the purity and appeal of cosmetics and fragrance products. These bottles are available in multiple varieties, each designed to meet the unique needs of distinct product categories. Fragrances come in elaborate designs. Contrarily, skincare bottles emphasize usability and practicality through their more straightforward forms and features, such as dispensers, droppers, and pumps.

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Thick walls for protection, transparency or colouring to complement the product and offer UV protection, airtight caps or lids to prevent leakage and preserve product freshness, and designs that facilitate simple refilling or recycling for sustainability are important characteristics of glass bottles used for cosmetics and perfumery. Glass bottles meet essential needs in the fragrance and cosmetics industries by providing an opulent appearance, excellent resistance to light, air, and moisture, and the ability to maintain the effectiveness and freshness of the contents. Glass bottles used for perfumery and cosmetics are essential for the presentation and packaging of cosmetics and personal hygiene items since they are long-lasting, aesthetically pleasing, and help with preservation.

Key Insight of the Global Cosmetics and Perfumery Glass Bottles Market

Asia Pacific will dominate the market during the forecast period.

Some of the biggest and fastest-growing beauty markets in the world are found in this region, including South Korea, China, Japan, and India. These markets are driven by changing lifestyles and rising disposable incomes, which in turn drive demand for high-end cosmetics and fragrances. By investing in the creation of distinctive and visually beautiful glass bottle designs, regional producers showcase their competitive advantages in packaging innovation and design, thereby fostering the growth of the market. In addition, the area boasts a strong glass manufacturing infrastructure, guaranteeing a consistent flow of premium packaging materials. Glass bottles for perfumes and cosmetics are dominated by the Asia-Pacific area, which is highlighted by factors including expanding disposable income, innovative design, and manufacturing skills.

In 2023, the perfumes segment dominated the market with the largest market share of 40% and revenue of 1.60 billion.

The type segment is divided into perfumes, nail care, skin care, and others. In 2023, the perfumes segment dominated the market with a 40% market share and revenue of 1.60 billion.

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Advancement in market

The upstart French company Ormaie, which only sells scents made entirely of natural chemicals, has introduced a line of tiny, refillable bottles that fit into glass ampoules. Ormaie created a unique substitute for standard procedures: identically sized glass ampoules filled with fragrances. The brand claims that after 24 months of development, their patent-pending refill solution presents a novel method of reusing an environmentally friendly container to fill an empty perfume bottle.

Market Dynamics

Driver: rising levels of discretionary income.

The growing number of people who own cosmetics and perfumes is driven by various causes, including rising disposable income, changing beauty standards, innovation, and more distribution channels. Glass bottles and other packaging materials will become more and more in demand as a result of this. Glass bottles will become more and more necessary as the demand for cosmetics and personal care items rises. Furthermore, as customers prioritize eco-friendly packaging solutions, environmental considerations become increasingly important. This change could lead to a rise in demand for environmentally conscious glass bottles composed of recycled components. The rising demand for cosmetics and fragrance items will greatly impact the market for glass bottles.

Restraints: The financial factors.

The majority of costs are related to the raw materials used in the production of glass bottles. Manufacturing entails several steps, including melting, shaping, and finishing, each of which raises the cost of manufacturing overall by requiring specialized labour, energy usage, and specialized equipment. Costs rise as a result of investments in machinery, technology, and quality control systems. Transport, handling, storage, and packaging add to the cost. The market's potential expansion will be constrained by the price of cosmetics and fragrance glass bottles, which represent the high costs of labour, raw materials, production methods, technology, quality control, packaging, and transportation.

Opportunities: Novelties in bottle design.

Concerns about sustainability, consumer preferences, and technology improvements are the driving forces behind bottle design innovations. Personalization and customization increase consumer engagement and brand loyalty. Features on interactive packaging appeal to a variety of senses and give consumers access to more product information, which promotes market expansion. In addition, the industry is seeing a change towards eco-friendly solutions such as recycled glass and biodegradable plastics, as well as sustainable materials and designs. Reusable and refillable bottle options reduce the amount of single-use plastic trash produced and correspond with consumer expectations for packaging that is kind to the environment. Designs that are small and portable satisfy the needs of consumers who lead mobile lives by providing convenience and adaptability without sacrificing functionality. Packaging's visual attractiveness is improved by aesthetic additions such as elaborate details, distinctive shapes, and ornamental finishes, which draw attention from consumers and strengthen brand identification. Over the course of the projection period, these developments and innovations will create a favourable atmosphere for the market's expansion and growth.

Challenges: Alternative packaging materials.

Alternative packaging materials like plastic and aluminium pose challenges to the growth and demand for cosmetics and perfumery glass bottles. These materials often offer lower production costs, making them economically attractive for manufacturers. They are lightweight, and their portable nature appeals to consumers seeking convenience in travel-sized products, challenging the heavier glass bottles. Additionally, plastic and aluminium provide greater design flexibility, allowing for innovative shapes. Changing consumer preferences towards convenience and sustainability further drive the demand for plastic and aluminium packaging, impacting the market share of glass bottles. Therefore, the presence of alternatives offering several advantages over glass bottles will challenge the market’s growth.

Some of the major players operating in the global cosmetics and perfumery glass bottles market are:

• Berlin Packaging LLC
• Nekem Packaging
• Piramal Glass Private Limited
• Pragati Glass Pvt. Ltd.
• Roetell Group
• SGB Packaging Group Inc.
• SKS Bottle and Packaging Inc.
• Verescence France
• Vidraria Anchieta
• Zignago Vetro SpA

Key Segments covered in the market:

By Type

• Perfumes
• Nail Care
• Skin Care
• Others

By Region

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

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About the report:

The market is analyzed based on value (USD Billion). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyses driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes Porter's five forces model, attractiveness analysis, Product analysis, supply and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.

About The Brainy Insights:

The Brainy Insights is a market research company that provides actionable insights through data analytics to companies to improve their business acumen. They have a robust forecasting and estimation model to meet the client's objectives of high-quality output within a short period. They provide both customized (client-specific) and syndicate reports. Their repository of syndicate reports is diverse across all the categories and sub-categories across domains. Their customized solutions meet the client's requirements whether they are looking to expand or planning to launch a new product in the global market.

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