The global Glass Cosmetic Bottle Market is poised to experience a steady CAGR of 4.4% during the forecast period, with a current valuation of US$ 3.5 billion in 2022. The anticipated high market value of the global combined heat and power plant market, reaching US$ 5.4 billion by 2032, is underpinned by a historical CAGR of 3.6%, marked by a base year valuation of US$ 3.4 billion.
This growth trajectory is propelled by shifting global lifestyles, higher living standards, and increased disposable income, contributing to heightened demand for cosmetics and subsequently driving sales of cosmetic glass bottles. The aspiration for improved personal appearance plays a significant role in the demand for perfume and cosmetic products, positively influencing the glass cosmetic bottle market. Moreover, the pursuit of premium and luxurious packaging to enhance customer satisfaction reshapes product purchases, further boosting demand in the cosmetic manufacturing sector.
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While the market exhibits healthy growth, the analysts at FMI recognize that the rise of alternative packaging materials like lightweight plastic bottles could restrain the expansion of the glass cosmetic bottle market during the projection period. Plastic materials’ advantages such as durability and cost-effectiveness are diverting attention from traditional glass packaging.
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.
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Some of the recent developments in the glass cosmetic bottle market are –
- In September 2020, Lumson, a prominent manufacturer of primary packaging for make-up and skincare based in Italy, launched two new glass bottles for foundations. Named Marylin and I-Conic, the new glass bottles have contemporary and sophisticated designs.
- In January 2020, Verescence, a leading provider of eco-solutions for luxury bottles, declared the development of its first-ever safety glass bottles for What Matters, a French start-up that offers a novel way of consuming cleaning and personal hygiene, as well as skincare products. The company is aiming to reduce plastic consumption with this launch.
Get More Valuable Insights on Glass Cosmetic Bottle Market
Future Market Insights, in its new report, offers an unbiased analysis of the global market for glass cosmetic bottles by closure type (push pump bottles, fine mist spray bottles, glass rollers, screw top jars, and dropper bottles), capacity (below 30ml, 30 to 50ml, 51 to 100ml, and above 100ml), and application (skin care, hair care, perfume & deodorants, and others [nail care, essential oils]) across seven regions.
Glass Cosmetic Bottle Market Outlook by Category
By Closure Type:
- Push Pump Bottles
- Fine Mist Spray Bottles
- Glass Rollers
- Screw Top Jars
- Dropper Bottles
By Capacity:
- Below 30ml
- 30 to 50ml
- 51 to 100ml
- Above 100ml
By Application:
- Skin Care
- Hair Care
- Perfume & Deodorants
- Other (Nail Care, Essential Oils)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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