Customers’ preference for cosmetic packaging bottles will gradually increase their demand for perfume glass bottles in the next few years.
The growing research and development in the cosmetics industry will enable the perfume glass bottle market to grow healthily in the future. For example, according to the European Cosmetics Trade Association, the cosmetics and personal care industry in Europe employs approximately 28,800 scientists from various disciplines, including physics, microbiology, biology, dermatology, dentistry, toxicology, rheology, analysis Chemistry and genetics. At least 77 scientific innovation facilities in Europe conduct research related to cosmetics.
At the same time, regulatory policies affecting product safety will promote the demand for non-toxic perfume glass bottles. For example, the Personal Care Products Committee successfully applied to the FDA, and the FDA will issue draft guidance on lead impurities in lip products and topical cosmetics, providing key regulatory certainty consistent with international policies.
The perfume glass bottle market includes some companies: Verescence, Vidraria Anchieta, Gerresheimer Roma International PLC, SGB Packaging, Stölzle-oberglas, Baralan, Consol Glass, Continental Bottle, DSM Packaging, Heinz-Glass.
Glass bottles with engraving technology increase new market opportunities
Verescence, a global leader in glass bottle manufacturing in the perfume and cosmetics industry, produced a special glass bottle with engraving technology for Arizona, demonstrating Verescence's innovative capabilities in glass and decoration. Due to its unique and innovative glass, new glass bottles using engraving technology will promote healthy market growth during the forecast period. In addition, "Verescence's patented engraving technology has completely changed the molding process of the glass bottle, allowing us to create a strange glass distribution in the blown glass bottle through the standard neck process," said INPD Director Sates Samuel Joachim.
E-commerce penetration will affect the expansion process
In the next few years, increasing globalization and urbanization will contribute to the growth of the perfume glass bottle market. A consumer-led strategy will stimulate the demand for consumer products, which in turn will increase the revenue of the perfume glass bottle market. In addition, there has been a surge in advertising and marketing strategies launched by major players to attract customers, which will add new sales opportunities to the market in the next few years. The growth trend of online shopping and the penetration of various e-commerce companies will make a positive contribution to the growth of the perfume glass bottle market in the next few years. For example, in October 2019, Amazon announced its third fiscal quarter earnings, with revenue of 70 billion, net income of 2.1 billion, and earnings per share of 4.23 (compared to that of the third quarter of 2018, with revenue of 56 billion and net income of 2.9 billion. Share income 5.75). (Unit: USD)
Increased attention to beauty and health care will drive market growth in the Asia-Pacific region
The Asia-Pacific region is expected to grow substantially in the next few years, with a compound annual growth rate of 5.6% from 2019 to 2026. The growth is attributable to the growth of perfume consumption in China, India, Japan, Australia, Indonesia and other countries, and the increasing disposable Income and preferences for beauty and health will promote the growth of the region.