Fragrance Packaging Market Size to Touch Valuation of SD 12.32 billion, Growth Strategies, Trends and Regional Outlook 2029

The global market for Fragrance Packaging estimated at USD 247 million in 2022, is projected to reach a revised size of USD 12.32 billion by 2029 registering a compounded annual growth rate (CAGR) of 4.95% over the period 2023-2029.

The latest report titled Fragrance Packaging Market contains wide-broadening quantifiable facts of the market and studies current industry circumstances on a large scale to offer the market consequences, market value, and growth valuation. The report includes skilful examination, data on the overall market, as well as constraints and headway purposes of the future along with a noteworthy perception of the improvement of the global Fragrance Packaging market.

The report describes the profile of the top manufacturers of the global Fragrance Packaging market. It also covers segments such as competitor segment, product type segment, end use/application segment, and geography segment. The authors of the report have examined market demand, turnover, production and growth potential, geographic analysis, as well as current market developments in various regions and countries.

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Fragrances Packaging Market Drivers

Continuous Launch of New Fragrances

The market demand for global perfume and fragrances packaging is expected to be driven with the continuous launch of new perfume and fragrances across various regions. Rising personal hygiene awareness, as well as the availability of a diverse product range in retail stores, are some of the major drivers fueling demand for perfumes. Deodorants are also gaining popularity due to their characteristics, convenience of use, and long-lasting effect. Rising launch of new perfumes and fragrances in the market has also uplifted the demand for global perfume and fragrances packaging. For instance, Marc Jacobs International and Marc Jacobs Fragrances, a division of Coty Inc., announced the launch of Perfect Marc Jacobs, the brand's latest women's fragrance, in October 2022.

Fragrances Packaging Market Challenges

Drawbacks Associated with Perfume and Fragrances Packaging Materials

There are various drawbacks associated with perfume and fragrances packaging materials such as plastics and glass. For glass packaging usually the transportation costs are higher than plastic. Glass is even known to be substantially heavier than plastic, which can result in increased transportation expenses both from the factory and while transporting the finished product to its final destination. Also, glass production consumes a lot of energy and is very fragile. Because of the sharp shards, it can be exceedingly deadly when broken.

Competitive Assessment:

The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Fragrance Packaging market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.

Leading market players in the Fragrance Packaging market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Fragrance Packaging market is Gerresheimer AG, Swallowfield, Saverglass sas, ALBEA, IntraPac International, Piramal Glass Private Limited, Quadpack, Alción, CCL Container, Coverpla, Exal Corporation, General Converting Inc., Glaspray Engineering & Manufacturing Co. and others.

Recent Developments

In July 2021, TricorBraun announced the acquisition of SGB Packaging Group, Inc., based in New Jersey, bolstering the company's footprint in the fast-growing cosmetics, skin care, fragrance, and personal care industries. Furthermore, the acquisition broadens TricorBraun's global supply network.

Fragrance Packaging Market Segmentation:

Fragrance Packaging Market by Material Type, 2023-2029, (USD Million)

Metal

Glass

Paperboard

Plastic

Fragrance Packaging Market by Capacity, 2023-2029, (USD Million)

Below 100 ml

Above 100 ml

Fragrance Packaging Market by Packaging Type, 2023-2029, (USD Million)

Primary

Roll ONS

Bottles

Others

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Regional Framework

The Fragrance Packaging Market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the years 2023-2029 with respect to five major regions. The market by each region is later sub-segmented by respective countries and segments. The Fragrance Packaging market report covers the analysis and forecast globally along with the current trend and opportunities prevailing in the region.

⇨ North America (United States, Canada, and Mexico)

⇨ Europe (Germany, France, UK, Russia, and Italy)

⇨ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

⇨ South America (Brazil, Argentina, Colombia, etc.)

⇨ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

This Report Also Includes:

» Fragrance Packaging Market Insights methodology

» Tactics and suggestions for new entrants

» Segmentation analysis

» Economic indices

» Companies' strategic developments

» Fragrance Packaging Market growth drivers and restraints

» Selected illustrations of the market penetrations and trends

Crucial insights in Fragrance Packaging research report:

Underlying macro- and microeconomic factors impacting the Sales of Fragrance Packaging.
Basic overview of the Fragrance Packaging, including market definition, classification, and applications.
Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend and supply side analysis of Fragrance Packaging across various industries.
Important regions and countries offering lucrative opportunities to market stakeholders.

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The Study Objectives are:

✔ An in-depth look at the key players in the Fragrance Packaging market, as well as the data that goes with them.

✔ It includes a product portfolio, annual revenue, research and development spending, geographic presence, recent key developments, and growth strategies.

✔ Regional analysis, which includes information on the dominant Fragrance Packaging market and its share of the market.

✔ It also includes various socioeconomic factors that influence the market's evolution in the region.

✔ The report provides a detailed look at various members of the value chain, including raw material suppliers, distributors, and stockholders.

Key questions answered in the report:
✦ What is the Fragrance Packaging market's growth potential?
✦ Which product category will be the most profitable?
✦ In the coming years, which regional market will emerge as a leader?
✦ Which application segment will continue to expand at a steady rate?
✦ What are the potential growth opportunities in the Fragrance Packaging Market in the coming years?
✦ What are the most significant challenges that the global Fragrance Packaging Markets may face in the future?
✦ What are the top companies in the global Fragrance Packaging market?
✦ What are the main trends that are positively impacting the market's growth?

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