Perfume Packaging Market 2018-2023 | Global Industry Expected to Rise at 5.9% CAGR with Amcor Limited, SGB Packaging, Cosmetics & Perfume Filling & Packaging, B.I. Packaging and Other Key Companies

Market Research Future published a half Cooked research report on “Global Perfume Packaging Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023

I. du Pont de Nemours and Company (U.S.), Amcor Limited (Australia), SGB Packaging (U.S.), Cosmetics & Perfume Filling & Packaging, Inc (U.S.), AptarGroup, Inc. (U.S.), Gerresheimer AG (Germany), B.I. Packaging (China), Albéa Group (france), Guangzhou Jiaming Perfume Packaging Co. ltd. (China), Mei Yu Packaging (HK) Industrial Co., Ltd. (U.S.), and Arexim Packaging (Poland) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Perfume Packaging Market.

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Perfume Packaging Market– Overview

Packaging design is of utmost importance when it comes for the packaging of fragrance and cosmetic products. The growth of the perfume industry is directly related to the increasing adoption of attractive packaging. Perfumes are being manufactured with the low concentration of fragrance oils with the objective of increasing the number of consumers using perfumes on a daily basis. The increase in frequency of usage of perfume is further expected to generate huge demand for perfume packaging over the forecast period.

The major factor fueling the growth of perfume packaging market is e-retailing. E-retailing ensures the availability of local and foreign brands through online portals. The key players in the market are entering into collaborations with leading e-commerce players for attaining maximum advantage of e-commerce potential. Changing lifestyle in developing nations is also bringing huge opportunities for manufacturers of perfume packaging. Increase in income of the consumers along with increased consumer spending on luxury grooming products is driving the growth of overall cosmetics industry, which is in turn driving the perfume packaging market.

However, the growth of the market can be restrained by the increasing commercialization of perfume imitations. The availability of counterfeit products in similar packaging as the original product is making it difficult for customers to differentiate them from original products. The low cost of these counterfeit products as compared to the original products hampers the growth of the market.

Further, the other factors hindering the growth of market is volatile prices of the raw materials. The materials used in the perfume packaging majorly comprises of plastic, glass, paper, and metal cans.

Perfume Packaging Market– Competitive Analysis

The perfume packaging market comprises of companies which are into manufacturing and distribution of rigid plastic, glass packaging, and metal packaging solutions for the perfume industry. Manufacturers are concentrating on expansion of their geographical range by focusing on mergers and acquisitions with the objective of reducing their operational cost and increasing their market share. The competitors majorly compete based on volume, price, capacity, technological innovations, and product quality. Also, the manufacturers are focusing on businesses expansion by establishing new manufacturing facilities.

Industry/ Innovation/ Related News:

Nov 2017- In the Aptar Beauty + Home booth, the AptarGroup presented four new innovations which included Fragrance Master. This is a perfume applicator with calligraphic sensory feel and it delivers measured doses.

March 2014- DuPont Packaging & Industrial Polymers introduced an interactive game named design Your Perfume Bottle for personalizing the bottles in Cosmoprof Asia. The game provides options for caps and bottles in a variety of forms, colors, transparencies, and decorative effects which are being realized through the use of DuPont Surlyn resin.

June 2012- SGB Packaging Group announced that it will be the representative for Semi-Automatic Glass Manufacturer –Waltersperger, in the North American region. The company offers high quality service and a variety of luxury glass and crystal solutions, blown glass, pressed glass, Prestige Limited Edition perfume bottles and stoppers, and Giant Factice Bottles.

Perfume Packaging Market– Segmentation

The Perfume Packaging Market can be segmented in to two key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Perfume Type - Organic Perfumes and Synthetic Perfumes

Segmentation by Packaging Material - Glass, Plastic, Metal and Paper

Segmentation by Regions: North America, Europe, APAC and Rest of the World.

Browse Full Report : https://www.marketresearchfuture.com/reports/perfume-packaging-market-4125

Perfume Packaging Market– Regional Analysis

On the basis of region, perfume packaging market has been segmented in the regions of North America, Latin America, Middle East & Africa, Europe and Asia-Pacific. Europe and North America region are projected to dominate the perfume packaging market. The currency fluctuations in the Europe region has led to a rise in tourist consumers in the region which drives the growth for luxury products including perfume industry.

However, Asia Pacific region is expected to dominate the growth of the market in terms of revenue. Countries such as India and China among others are majorly driving the growth of the perfume packaging market in Asia-Pacific region. Chinese consumers also account for maximum share in the growth of luxury goods markets. China has strong currency rates along with the rise in the disposable income. In Japan, the spending has also increased due to presence of local consumers along with the increase in number of Chinese tourists.

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