The cosmetics and personal care industry remains profoundly influenced by the perfume bottle market. Fragrance brands and cosmetic companies continue to rely heavily on perfume bottles for packaging and marketing their perfumes and colognes.
NEWARK, Del, April 18, 2024 (GLOBE NEWSWIRE) -- The
perfume bottle market
foresees its current market valuation at
US$ 736.5 million
in 2024 and is predominantly considered to surge at a valuation of
US$ 1,100.7 million
by 2034, projected at a
CAGR of
2.8%.
Consumer preferences change due to lifestyle evolvement, thus boosting the demand for perfume bottles. Perfume bottle manufacturers focus on innovation and customization to meet diverse consumer demands as they seek aesthetically pleasing and functional packaging that enhances the overall experience of using fragrances.
Booming environmental concerns, lead the consumers towards eco-friendly packaging solutions. The adoption of perfume bottle manufacturers and production processes reduces the carbon footprint and appeals to environmentally conscious consumers.
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Cost pressure and intense competition pose a substantial threat to perfume bottle manufacturers. Maintenance of competitive pricing while meeting quality standards and offering innovative designs can strain profit margins.
Key Takeaways from the Market Study:
- Under end use type, the Eau de Toilette (EDT) is accounted to hold a market share of 65.4 % in 2024.
- Spain is estimated to register at a CAGR of 2.4% by 2034.
- France experiences significant growth, projected at a CAGR of 3% by 2034.
- Based on material, the glass segment is accounted to hold a market share of 74.3% in 2024.
“The consumers prefer exquisite pleasing and innovative packaging and widely seek unique and visually appealing fragrances where the design and presentation of perfume bottles become important factors influencing purchasing decisions,” comments a Future Market Insights analyst” .- Says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
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Competitive Landscape:
The competitive landscape of the perfume bottle market comprises multinational corporations, niche packaging suppliers, and emerging players. Key factors that augment competition include innovation in design and materials, sustainability initiatives, and strategic partnerships. Players vie to differentiate offerings and capture market share in the dynamic fragrance packaging industry.
Some of the key developments are:
- In October 2023, Silgan Dispensing unveiled Replay, a novel refillable fragrance solution crafted from eco-friendly plastic. The innovative design marked a significant step towards sustainable packaging in the fragrance industry.
- In July 2023, Vitro Glass Containers inaugurated its new furnace at its plant in Toluca, which will boost its capacity to serve the perfumery and liquor segments by more than 50 percent.
More Valuable Insights Available:
Future Market Insights offers an unbiased global perfume bottle market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034
To understand market opportunities, the perfume bottle market is segmented based on Material (Glass, Plastic), Capacity (Less than 100 ml, 101 to 250 ml, 251 to 500 ml, Above 500 ml), End Use (Eau de Parfum EDP, Eau de Toilette (EDT), Eau de Cologne, Eau Fraiche) and Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa).
Report Scope:
| Attributes | Details | |||
| Estimated Market Size in 2024 | US$ 736.5 million | |||
| Projected Market Valuation in 2034 | US$ 1,100.7 million | |||
| Value-based CAGR 2024 to 2034 | 2.8 % | |||
| Forecast Period | 2024 to 2034 | |||
| Historical Data Available for | 2019 to 2023 | |||
| Market Analysis | Value in US$ million | |||
| Key Regions Covered |
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| Key Market Segments Covered |
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Key Segments
By Material:
- Glass
- Plastic
By Capacity:
- Less than 100 ml
- 101 to 250 ml
- 251 to 500 ml
- Above 500 ml
By End Use:
- Eau de Parfum EDP
- Eau de Toilette (EDT)
- Eau de Cologne
- Eau Fraiche
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
-
The Middle East and Africa
Authored by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Have a Look at Related Research Reports on Packaging Domain:
The global perfume pack market is expected to grow at a CAGR of 4.7%. The market value is projected to increase from US$ 2.3 Billion in 2022 to US$ 3.6 Billion by 2032.
The global bottles market is poised to attain a noteworthy market valuation of US$ 113.6 billion by the culmination of 2023. Over the course of the forecast period, it is projected to sustain an impressive CAGR of 5.2%, ultimately surging to touch around US$ 188.7 billion by 2033.
The global cosmetic dropper market is expected to expand at a CAGR of 4.8% between 2022 and 2032. The market value is projected to increase from US$ 84.5 Million in 2022 to US$ 134.7 Million by 2032.
The glass bottles market is expected to increase from US$ 40.2 billion in 2023 to US$ 70.2 billion by 2033, at a 5.7% CAGR from 2023 to 2033.
The bubble wrap packaging market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 3.1% from 2024 to 2034. Forecasts indicate that this market will steadily expand and is expected to achieve a valuation of US$ 4.2 billion by 2034.
The
sustainable pharmaceutical packaging market
is poised for remarkable growth, with an anticipated value of US$ 410 billion by 2034. Industry estimates project a robust Compound Annual Growth Rate (CAGR) of 15.6% until 2034.
The sustainable packaging market is on a trajectory of significant growth, with a projected value of US$ 285.3 billion in 2024. Forecasts indicate a strong demand for sustainable packaging solutions, expected to surge at a robust Compound Annual Growth Rate (CAGR) of 5.8% over the forecast period. Looking ahead, this market is poised to sustain its impressive growth momentum, surpassing the US$ 490.5 billion mark by 2034.
The returnable packaging market is poised for substantial growth, with a projected value of US$ 129.7 billion in 2024. Forecasts indicate a steady upward trajectory, with the market anticipated to reach US$ 248.0 billion by 2034. Moreover, the market is expected to experience significant expansion at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period from 2024 to 2034.
The global glass medicine bottles market is expected to register a market value of US$ 19.6 billion in 2023 and is projected to accumulate a valuation of US$ 35 billion by exhibiting a CAGR of 5.9 % in the forecast period 2023 to 2033.
The sustainable plastic packaging market is positioned for substantial growth, with an estimated value of US$ 106.4 billion in 2024. Projections indicate a steady progression over the period from 2024 to 2034, with the market expected to register a moderate Compound Annual Growth Rate (CAGR) of 5.9%. By 2034, forecasts suggest that the industry will exceed a valuation of US$ 189.0 billion.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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