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The global perfumery glass bottle market size is projected to reach USD 1,604.6 million by 2027. The increasing development of premium packaging to surge the chances of purchasing, as well as to enhance consumer satisfaction would help the market to grow in the near future. This information is given by Fortune Business Insights™ in a new study, titled, “Perfumery Glass Bottle Market Size, Share & COVID-19 Impact Analysis, By Form (Translucent, Transparent, and Opaque), Capacity (0-50 ml, 50-150 ml, and >150 ml), and Regional Forecast, 2020 – 2027.” The study further mentions that the market stood at USD 1,556.2 million in 2019. But, it would exhibit a CAGR of 4.2% during the forecast period between 2020 to 2027.
Verescence Manufactures a Glass Bottle with SCULPT’in Technology for Arizona
In February 2018, Verescence, a leading pan-European private equity firm used the SCULPT’in technology to manufacture an exceptional glass bottle for Arizona. It is the first perfume by Proenza Schouler under an agreement with L’Oréal. According to one of the company officials, “Our patented technology revolutionizes the process of manufacturing glass bottles. It enables us to develop singular glass distributions inside bottles by blowing through a neck finish.”
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Development of Consumer-oriented Societies to Aid Growth
Rapid urbanization and globalization are significantly affecting people’s purchasing behavior of cosmetic products. The development of consumer-oriented societies is also surging the demand for consumer goods, thereby propelling the perfumery glass bottle market growth. Besides, the increasing working population worldwide is resulting in the high demand for perfumes. However, consumers are nowadays shifting towards deodorants and antiperspirants packaged in metal containers. This factor may obstruct the demand for perfumery glass bottles throughout the forthcoming years.
Key Players Focus on Merger & Acquisition Strategy to Strengthen Their Positions
The global market for perfumery glass bottles includes several renowned players, namely, Consol Glass, Verescence, Stölzle-Oberglas, SGB Packaging, Roma International PLC, Vidraria Anchieta, and Heinz-Glas. They are engaging in various strategies, such as unique product development, mergers & acquisitions, new agreements, expansions, and enhancing portfolios.
Fortune Business Insights™ presents the names of all the perfume packaging solutions manufacturing companies operating in the global market. They are as follows:
Significant Industry Developments-
Further Report Findings-
The global market for perfume glass bottles can be segmented in the following way:
Value (USD Million)
By Form, Capacity, and Region