Perfumery Glass Bottle Market to Reach USD 1,604.6 Million by 2027; Increasing Trend of Online Shopping to Propel Growth, Says Fortune Business Insights™
Top players covered in Perfumery Glass Bottle Market are Verescence, Vidraria Anchieta, Gerresheimer AG, Roma International PLC, SGB Packaging Group, Stölzle-Oberglas Gmbh, Baralan International S.p.A, Consol Glass Pty Ltd, Continental Bottle Company Ltd, DSM Packaging Sdn Bhd, HEINZ-GLAS GmbH & Co. KGaA and more companies profiled
Pune, Sept. 24, 2020 (GLOBE NEWSWIRE) -- The global perfumery glass bottle market is set to gain momentum from the increasing marketing strategies and advertisements implemented by prominent companies. Besides, the rising trend of online shopping would boost growth. *Fortune Business Insights™* presented this information in a new report, 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 report further states that the market size was *USD 1,556.2 million* in 2019 and is projected to reach *USD 1,604.6 million* by 2027, exhibiting a CAGR of 4.2% during the forecast period (2020-2027).
*COVID-19 to Affect Growth Backed by Shortage of Labor & Reduced Production *
The Q2 2020 Financial Report by Gerresheimer declares that the company was impacted severely in the second quarter of 2020 by approximately 8 million Euros in its business of cosmetics, including perfumery glass bottles. This proves that people are spending more on the essential items amid the COVID-19 pandemic rather than on luxury items. Also, manufacturers have reduced production capacity owing to shelter-in-place restrictions, as well as labor shortage. We are providing detailed reports to help you gain business confidence and generate more sales by selecting the right strategy.
*
*
*Get Sample PDF Brochure with Impact of COVID19:*
https://www.fortunebusinessinsights.com/enquiry/covid19-impact/perfumery-glass-bottles-market-102064
*
*
*This Report Answers the Following Questions:*
· What are the current trends propelling the sale of perfume packaging products?
· What are the latest developments & innovations done by reputed companies?
· What are the challenges, opportunities, drivers, and hindrances for the market?
· Which are the new segments to focus on for prioritizing investments & efforts?
*
*
*Drivers & Restraints*
*Increasing Demand for Branded Packaging to Accelerate Growth *
Manufacturers nowadays are focusing on customization and innovation of perfumery glass bottles as premium packaging is a very crucial factor for attracting the attention of consumers. They are trying to keep up with the requirements of consumers and making bottles accordingly to generate more sales. Gerresheimer AG, for instance, delivers a wide range of unique perfume glass bottles that are available in various shapes and sizes. The rising demand for luxurious and branded packaging solutions from consumers worldwide is set to boost the perfumery glass bottle market growth in the near future. However, the usage of lightweight plastic bottles may hinder growth.
*Segment*
*Transparent Segment to Hold Major Share Fueled by Clear Visibility*
Based on form, the translucent segment generated 39.93% in terms of perfumery glass bottle market share in 2019. The transparent segment is expected to hold the major share on account of the ability of these bottles to provide clear visibility of the content.
*Regional Analysis*
*Rising Disposable Incomes of People to Favor Growth in Asia Pacific *
In 2019, North America earned USD 533.1 million in terms of revenue. This growth is attributable to the rising working and young population in the developed countries, such as Mexico, Canada, and the U.S. Asia Pacific, on the other hand, is set to be the fastest-growing region because of the increasing need to maintain the standards of living. Coupled with this, the rising focus on beauty & wellness and surging disposable incomes of people would bolster growth.
*Inquire Before Buying This Research Report:*
https://www.fortunebusinessinsights.com/checkout-page/102064
*Competitive Landscape*
*Key Players Aim to Develop Unique Products to Intensify Competition *
The market for perfumery glass bottles consists of various manufacturers. They are mainly aiming to conduct research and development activities for creating novel products. Some of the local companies are entering the marketplace through mergers & acquisitions, product launches, and signing agreements.
*Below are the two latest industry developments:*
· *January 2020:* Verescence, a prominent manufacturer of glass headquartered in France developed the first ‘safety glass’ for What Matters, a digital start-up. The new products will be launched in spring 2020. The safety glass bottles provide an eco-responsible alternative to plastic.
· *September 2019:* Gerresheimer, a producer of glass packaging announced that it will begin producing products with a higher proportion of recycled glass from 2020. It will be done at the Tettau site, Germany.
*Fortune Business Insights™ lists out the names of all the perfume glass bottles manufacturers operating in the global market. They are as follows:*
· Verescence (Puteaux cedex, France)
· Vidraria Anchieta (São Paulo, Brazil)
· Gerresheimer AG (Düsseldorf, Germany)
· Roma International PLC (Hadleigh, U.K.)
· SGB Packaging Group (New Jersey, U.S.)
· Stölzle-Oberglas Gmbh (Köflach, Austria)
· Baralan International S.p.A. (Milan, Italy)
· Consol Glass Pty Ltd. ( Johannesburg, South Africa)
· Continental Bottle Company Ltd. (Cheshire, U.K.)
· DSM Packaging Sdn Bhd (Kuala Lumpur, Malaysia)
· HEINZ-GLAS GmbH & Co. KGaA (Kleintettau, Germany)
*
*
*Browse Detailed Summary of Research Report With TOC:*
https://www.fortunebusinessinsights.com/perfumery-glass-bottles-market-102064
*
*
*Detailed Table of Content:*
· *Introduction*
· Research Scope
· Market Segmentation
· Research Methodology
· Definitions and Assumptions
· *Executive Summary*
· *Market Dynamics*
· Market Drivers
· Market Restraints
· Market Opportunities
· *Key Insights*
· Overview of the Parent/Related Markets
· Emerging Trends
· Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
· Qualitative Analysis Related to COVID-19
· Impact of COVID-19 on the Market
· Supply Chain Challenges amidst Pandemic
· Potential Opportunities due to this Global Crisis
· *Global Perfumery Glass Bottle Market Analysis, Insights and Forecast, 2016-2027*
· *Key Findings / Summary*
· *Market Size Estimates and Forecast *
· *By Form (Value) *
· Translucent
· Transparent
· Opaque
· *By Capacity (Value)*
· 0-50 ml
· 50-100 ml
· >150 ml
· *By Region (Value)*
· North America
· Europe
· Asia Pacific
· South America
· Middle East & Africa
*TOC Continued…!*
*
*
*Get your Customized Research Report: *
https://www.fortunebusinessinsights.com/enquiry/customization/perfumery-glass-bottles-market-102064
*
*
*Have a Look at Related Research Insights:*
Perfume Market Size, Share & Industry Analysis, By Type (Extrait de Parfum, Eau de Perfume, Eau de Toilette, Eau de Cologne, and Eau Fraiche), Product (Mass and Premium), End-User (Men and Women), Distribution Channel (Online and Offline), and Regional Forecasts, 2019 - 2026
*
*
*About Us:*
*Fortune Business Insights™* offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
*
*
*Contact Us:*
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
*Phone*:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
*Email*: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
*
*
*Read Press Release:*
https://www.fortunebusinessinsights.com/press-release/perfumery-glass-bottles-market-9558