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Transparency Market Research delivers key insights on the cosmetic and perfume glass packaging market, in its published report for the forecast period of 2019 – 2027. In terms of revenue, the global cosmetic and perfume glass packaging market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, about which, TMR offers thorough insights and forecasts in this report.
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Cosmetic and Perfume Glass Packaging Market: Overview
Cosmetic and perfume glass packaging solutions include packaging formats such as jars and bottles. The cosmetic and perfume glass packaging market tends to follow similar dynamics as the cosmetics industry. Among the various applications, the hair care segment of the cosmetic and perfume glass packaging is witnessing substantial growth, and is projected to have a positive outlook during the forecast period.
Rising Consumer Expenditure on Beauty Treatments at Grooming and Wellness Centers to Fuel Sales
Beauty salons and grooming centers are amongst the most benefitted businesses from increasing consumer focus on beauty and wellness. Consumers are willing to spend a significant amount of money on getting timely beauty treatments and services from professionals. The growing number of such commercial setups is driving the global cosmetic and perfume glass packaging market. Shifting consumer expenditure patterns and services provided by the beauty and wellness industry are expected to drive the growth of the cosmetic and perfume glass packaging market during the forecast period. Moreover, the use of color cosmetics in commercial spaces is relatively higher than that by individuals, which, in turn, is expected to fuel demand in the cosmetic and perfume glass packaging market during the forecast period.
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Luxury and Premium Packaging Gaining Traction in Cosmetic and Perfume Glass Packaging Market
Premium packaging aids in enhancing consumer satisfaction, and increases the chances of repurchasing and recommending the brand to others. Key players operating in the global cosmetic and perfume glass packaging market are focusing on expanding their product lines by introducing various luxury cosmetic and perfume glass packaging products. This is expected to fuel the demand for cosmetic and perfume glass packaging during the forecast period. Premium packaging uses unique materials such as leather, silk, or even canvas on conventional glass bottles and jars. The most common trending luxury effects include glitter coatings, matte varnish, metallic sheens, pearlescent coatings, raised-UV coatings, and soft touch.
Rising Penetration of Cosmetics and Perfumery in Developing Countries to Generate Remunerative Opportunities
Emerging economies are expected to create favorable demand for cosmetics and perfumery, and their packaging. India is one of the fastest-growing markets for cosmetic consumption and production. Most cosmetic and perfume glass packaging manufacturers are targeting the customer base in emerging economies such as Brazil, Indonesia, Nigeria, India, and ASEAN countries. South East Asia, especially, has a remunerative market for cosmetics, owing to its economic stability and changing consumption pattern of the urban middle class. India, ASEAN, and Brazil are expected to represent an attractive incremental opportunity for the global cosmetic and perfume glass packaging market in the coming years.
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Cosmetic and Perfume Glass Packaging Market: Key Players
Key players in the global cosmetic and perfume glass packaging market are Gerresheimer AG, Swallowfield Plc, Libo Cosmetics Company, Ltd., Coverpla S.A., Aptar Group, Inc., Quadpack Ltd., Saverglass sas., Vitro, S.A.B. de C.V., ?i?ecam Group, ZIGNAGO VETRO S.p.A., Pochet SAS, Piramal Glass Private Limited, Albea S.A, Verescence France SASU, Fusion Packaging, HCP Packaging, Premi spa, Continental Bottle Co. Limited, Stölzle Glass Group, and Rise Cosmetic Packaging Co., Ltd. Gerresheimer AG, Aptar Group, Inc., and Albea S.A. have been identified as leading players in the global market. However, many local and unorganized players are anticipated to contribute to the global cosmetic and perfume glass packaging market in the years to come.
How Cosmetic and Perfume Glass Packaging Market will recover after covid19 https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=73619
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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