Cosmetic and Perfume Glass Packaging Market size is anticipated to cross USD 12 billion by the end of 2033, witnessing around 8% CAGR during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of cosmetic and perfume glass packaging was USD 8 billion in the year 2022. The growth of the market can primarily be accounted to the increasing demand for fragrance products worldwide. For instance, in 2022, the deodorant segment was valued at approximately USD 25 billion.
Global cosmetic and perfume glass packaging market trends such as, spiking production of glass containers and significant changes in lifestyle are projected to influence the growth of the market positively over the forecast period. For instance, in 2020, around 700 billion units of glass containers were produced globally and further projected to reach approximately 950 billion units. Additionally, rising awareness of climate environmental change is also forecasted to boost the demand for eco-friendly glass packaging over the forecast period.
Growth Drivers
Rising Number of Products for Male Grooming or Men’s Beauty - As of 2022, approximately 20% of heterosexual males aged between 18 to 65 in the USA were projected to be utilizing some sort of male cosmetics. The perception toward men’s grooming is changing drastically resulting in a higher demand for male beauty products. Some of these products are deodorants, cleansers, sunscreen, toners, moisturizers, and others. According to many stereotypes, men should be rough and robust but in recent decades, there has been a noteworthy change in this notion. A significant number of males now use body cream, lotion, scrub, balm, beard cream, and others on a daily basis.
Growing Demand for Fragrance Products Owing to a Surge in Gym Activities - For instance, about 180 million gym membership was purchased in 2019 while the fitness segment was further estimated to reach around USD 95 billion in 2021.
Higher Inclination Toward Beauty Products on the Back of a Rising Number of Beauty Influencers - It was observed that nearly 70% of beauty enthusiasts adopted full-time beauty influencer jobs in 2021.
Escalating Utilization and Demand for Skin & Hair Care - It was estimated that the skin care segment amounted to around USD 8 billion across the globe in 2022.
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~8% |
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Base Year Market Size (2022) |
~USD 8 Billion |
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Forecast Year Market Size (2033) |
~USD 12 Billion |
Application (Cosmetics, Hair & Skincare, Nail Care, Fragrance)
The global cosmetic and perfume glass packaging market is segmented and analyzed for demand and supply by application into cosmetics, hair & skincare, nail care, fragrance, and others, out of which, the cosmetics segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the escalating demand and supply of cosmetic products across the globe. For instance, the cosmetic segment was estimated to generate total revenue of approximately USD 5 billion in 2022.
Our in-depth analysis of the global market includes the following segments:
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By Container |
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By Shape |
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By Capacity in ml |
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By Application |
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Regionally, the global cosmetic and perfume glass packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America region is projected to hold the largest market share by the end of 2033. The growth of the market can be ascribed to the rising utilization of cosmetic products owing to the higher inclination of the population toward beauty and personal grooming. As of 2022, the cosmetics segment in the United States was estimated to generate total revenue of about USD 10 billion. Moreover, the higher penetration of major key payers and growing demand for deodorants were further projected to fuel the growth of the market in the region during the forecast period.
Gerresheimer AG to collaborate with Stevanato Group to develop an innovative ready-to-use vial platform in the pharmaceutical industry. This ready-to-use solution platform is entirely based on EZ-fill pre-sterilized technology. The platform is further estimated to reduce the total cost of ownership (TCO).
Vitro, S.A.B. de C.V. to collaborate with multiple organizations to raise standards for sustainability. Furthermore, the company is also focused on the manufacturing of environment-friendly glass innovation on an international scale.
Author Credits: Sadaf Naaz, Mohd Shadab
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