Cosmetics and Perfumery Glass Bottles Market - Growth, Trends, COVID-19 Impact,

Posted by Statzy Market Research on April 29th, 2021

The packaging in the cosmetic industry has gone leaps and bounds in recent years. The cosmetic industry has the most varied packaging requirements of all the other sectors. The cosmetics industry now seems united in reducing the impact of plastic pollution, with new thoughtful packaging strategies and refined formulation.

- Glass is one of the oldest packaging materials, which is nonporous and impermeable, and it does not degrade, providing chemically inert properties. This is one of the main reasons why Glass is used in the packaging of many cosmetics. Glass is also a highly sustainable product, which means it can be recycled indefinitely, and there is no loss in quantity. Many of the renowned brands all over the world use massive amounts of glass packaging for their products, which undeniably makes them more attractive and posh-looking too. Also, high-end products are usually seen in glass containers, such as perfumes.

- According to Loreal, one-fourth of the global cosmetic market is held by luxury cosmetics and growing at a fast pace comprising half of the global market's growth. Skincare held almost 40% of the luxury market, followed by makeup with 30%. There has been a movement toward increased "premiumization," a shift from plastic to glass packaging, predominantly in the skincare category.

- Over the forecast period, with increasing usage of serums and oils in skincare products, the demand for glass packaging, which offers a premier look to products, is expected to increase and the demand for products with applicators. The face serums and oils have witnessed demand over the past five years, as they offer hydration, moisturization, anti-aging, blemish clearing benefits, and skin repair, among others. These premium products have been witnessing demand among the aging population. Their increase in demand has increased the growth of dropper and push pump bottles.

- Furthermore, the rapidly growing market for nail care products is significantly contributing to the growth of glass bottles in the cosmetic industry. The success of gel formulas supports the growth, and artistic manicures, with liquid nail, polishes still on track for growth. According to a survey conducted by the Nail Magazine, a prominent magazine based in California, the United States, more than 74 % of the women, who visit nail salons buy their supplies, tools, and equipment, rather than using salon supplies

- However, the cosmetic packaging market is seeing a significant slump in demand due to global outbreak COVID-19, restricting personal contacts, gathering, travel, and the closure of the hospitality industry are all influencing the cosmetics market. The decline in demand is expected to continue until the end of 2020 and may extend until the foreseeable future of vaccine development. According to various sources, the cosmetic industry players have experienced a net sales decline in the range of 15% and above during the first quarter of 2020, while the net profit and operating profit fell in the range of 80%-90%.

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Key Market Trends

Perfume Segment Is Expected To Register a Significant Growth

- The demand for natural fragrances over synthetic-based ingredients and the increased popularity of luxury perfume, the perfumes market is expected to grow at a significant rate over the forecast period. This increased demand has also made companies invest in innovative designs for perfume bottles.

- In October 2019, Piramal Glass showcased its latest range of innovations and designs in sustainable glass packaging for the premium cosmetics and perfumery as well as specialty liquor market at the 32nd Edition of LUXE PACK Monaco. The company invested EUR 15 million to add three new Premium Perfume Bottle manufacturing lines to provide an additional capacity of 50 million pieces.

- The growing demand for unisex luxury perfume is expected to drive the need for glass bottles in the cosmetic sector. For instance, Louis Vuitton launched FirstEver Oud and a unisex perfume named Ombre Nomade. First-Ever Oud has a combination of other high-end scents and the best available oud from a family-run plantation in Bangladesh.

- Additionally, fragrance companies are investing heavily in designing the caps for making them look luxurious and elegant with glass bottles. TNT Global Manufacturing recently developed a cap for Jean Paul Gaultier’s sandal fragrance, from Puig.

The Increasing Adoption of Advanced Technologies in the United States Drives the Market

- The increasing adoption of advanced technologies in the United States for cosmetic packaging and growing trends of skincare products are some of the significant factors driving market growth. Nail care and perfume products seem to be the biggest focus of consumers and retailers in the country. Due to the growing demand for cosmetic products, many cosmetic vendors are also adopting and innovating intelligent glass packaging solutions to improve customers’ interests and increase product safety.

- For instance, in 2018, Verescence, with two production facilities in Atlanta, showcased its latest patented technologies in the United States, including unbreakable glass and mineral glass and NEO infinite glass (the first premium clear glass composed of 90% recycled materials). It also introduced a wide range of stock bottles and many personalization techniques (colors, shapes, and decorations) that can transform La Collection bottles into customized creations.

- The packaging vendors in the country are also producing airless pumps and glass bottles. These protect sensitive products, such as natural skincare creams, serums, foundations, and other preservative-free formula creams, by preventing them from excessive exposure to air, thus, increasing product shelf life up to 15%.

- Furthermore, the cosmetics industry in the region is focused on sustainable packaging with refined formulations. In May 2020, in response to the increased demand for more sustainable packaging options, Qosmedix introduced 100 % recyclable aluminum caps to correspond with their low -profile glass jars. Popular for sampling and packaging various cosmetic and skincare formulations, these glass jars are available in 3, 5, and 15 -gram sizes. Also, Qosmedix is an ISO 9001, ISO 14001 certified global supplier to the cosmetic, skincare, spa, and salon industries.

Competitive Landscape

The cosmetics and perfumery glass bottles market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. With a prominent share in the market, these major players are focusing on expanding their customer base across several countries. The vendors in the market are leveraging strategic collaborative initiatives to drive innovations in the packaging industry.

- September 2019: Gerresheimer AG announced its plan to drive sustainable cosmetic glass packaging by using more post-consumer recycled glass. The company announced that from 2020, it would also begin producing glass with a higher proportion of recycled glass at the Tettau site in Germany.

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