Home > News > Industry News > Rising Demand for Sustainable Packaging to Boost Glass Cosmetic Bottle Market to US$ 5.4 billion by 2032

Rising Demand for Sustainable Packaging to Boost Glass Cosmetic Bottle Market to US$ 5.4 billion by 2032

Post Time:Apr 20,2023Classify:Industry NewsView:959

According to Future Market Insights (FMI), the global glass cosmetic bottle market is anticipated to develop at a CAGR of 4.4% from 2022 to 2032, reaching an estimated value of US$ 5.4 Bn.

The marketing and branding of cosmetic products heavily rely on packaging. Skin care, hair care, perfume, and nail care products are typically packaged in glass bottles. Due to their strong design and lack of chemical inertness, these bottles are mostly employed in the cosmetics business.

Consumers’ high demand for upscale goods is expected to drive up the demand for glass bottles in the cosmetics sector. Glass bottles typically come in a wide range of sizes, including below 30 ml, between 30 and 50 ml, between 51 and 100 ml, and over 100 ml.

As a result, customers can purchase the item they need. Additionally, the rising demand for deodorants, moisturisers, creams, serums, fragrances, and hair oils is expected to drive sales of glass packaging with a luxurious appearance.

Request a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15404

Key Takeaways: Glass Cosmetic Bottle Market

  • By closure type, the fine mist spray bottles segment is estimated to create an incremental opportunity of US$ 447.7 Mn during 2022-2032.

  • Based on application, the perfumes and deodorants segment is anticipated to generate a total revenue of US$ 2.3 Bn by 2032.

  • By closure type, the push pump bottles segment is expected to dominate the global glass cosmetic bottle market and exhibit a CAGR of 5.0% during the forecast period.

  • South Asia and East Asia are likely to exhibit growth at CAGRs of 3.8% and 3.7%, respectively, in the glass cosmetic bottles market during the forecast period.

  • The glass cosmetic bottle market in India is projected to accelerate at a CAGR of 5.5% during 2022-2032.

Rising popularity of luxury cosmetics products among consumers is expected to drive the glass cosmetic bottle market in the upcoming decade,” says a FMI analyst.

Increasing Shift towards Sustainable Products to Aid Growth

Increasing shift of cosmetics packaging manufacturers towards glass bottles from plastic to provide an attractive and a premium look to their products is set to aid growth. Manufacturers are aiming to create stylish and unique bottles for cosmetics products. They are also striving to offer a diversified portfolio of innovative bottles.

Besides, rising trend of online shopping is set to encourage manufacturers to develop creative glass packaging to increase sales. Due to rapid urbanization and increasing purchasing power of customers, the glass cosmetic bottle market is set to grow steadily in the next decade.

High Demand for Aesthetically Pleasing Glass Bottles to Fuel Sales

Manufacturers are focusing on creating innovative packaging to expand their portfolios, which would drive demand for cosmetic glass bottles. The perfume industry mainly utilizes glass bottles to offer a premium and aesthetic look to products.

Moreover, demand for luxury packaging is estimated to grow at a rapid pace over the next decade due to rising per capita income, surging millennial population, and increasing number of beauty influencers globally. These factors are further expected to create new growth opportunities for glass cosmetic bottles producers.

Competitive Landscape: Glass Cosmetic Bottle Market

Some of the leading players present in the glass cosmetic bottle market include Piramal Glass, SGD-Pharma, Stolzle Glass Group, Gerresheimer Group, Bormioli Luigi, Verescence Inc., Pragati Glass, Saver Glass, SGB Packaging Group, Vidraria Anchieta, Roma International Plc, Pochet, Zignago Vetro Sks Bottle & Packaging Inc, Consol Glass (Pty) Ltd, Vitro SAB De CV, Apg Group, Heinz-Glas, La Glass Vallee, and Lumson spa among others.

Source: https://www.fmiblog.com/Author: shangyi

Hot News