COSMETICS & PERFUME GLASS BOTTLES MARKET

 

Market Overview

In 2019, the global market for cosmetics and perfume glass bottles is estimated at 1809.28 million US dollars, it is forecasted to be 3.73% CAGR in the forecast period (2020-2025). Urban developments, the growth of the millennial population, the growth of disposable incomes are the main contributors to this growth. Urbanization has created several opportunities for market players. Moreover, the awareness of consumers about the availability of different cosmetics stimulates the demand for cosmetic products, and consequently the packaging.

Glass Bottles Market


Bottles have been the preferred thermometer for decades, making up the bulk of cosmetic packaging, thus demonstrating the popularity of this type of box. Bottles are the main types of bottles for these products for almost all applications, so there is no obvious shift in product launches.

Bottles, however, face stiff competition from pipes, and in response, companies of different applications close the bottles to make them suitable for practical use.

The Perfume Sector Is Expected To Grow Significantly

As glass bottles dominate the global fragrance market, it is expected that the growing demand for perfumes will also increase the use of glass bottles in the cosmetics industry made through Custom Packaging.

There is a growing demand for natural-based fragrances & Fries boxes instead of synthetic-based ingredients due to the growing awareness of the risk of allergies and toxins. For example, Luxe Brands, Inc., based in the USA, is positioned as a natural fragrance brand, collaborating with celebrities to approve products.

According to industry estimates, the Indian perfume industry is estimated at 2000 rubles INR, which is estimated to grow by 50% by 2020. The current online perfume market is also estimated at 148 kroner INR: is expected to increase by approximately 120%.

In addition, the growing importance of personal care, coupled with the growing demand of the millennial population, is forcing many luxury perfume companies to serve local markets as well.

Competitive Landscape

The market for cosmetics perfume glass bottles is highly competitive, consisting of several key players. In terms of market share, few of the major players currently dominate the market. These key players in the market are focused on expanding their customer base in several countries. These companies use strategic partnership initiatives to increase their market share and profitability.

Companies in the market are also hiring start-ups who work on cosmetics and perfume glass bottles to enhance their production capabilities. For example, in September 2018, Lumson acquired Leoplast to boost its reputation in the makeup industry. It is expected that this achievement will help the company to make significant investments, support its development in international markets as excellent.

Location: United States

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