The market for perfume packaging is anticipated to expand at a CAGR of 4.7%. By 2032, the market value is anticipated to rise from US$ 2.3 billion in 2022 to US$ 3.6 billion.
Perfume packs are packaging solution made from glass or plastic material to fill, store, and deliver perfumes to end-users. Usually, glass is preferred to manufacture perfume packs as it protects the product from external environmental factors and provides excellent protection against oxygen-sensitive products such as phytochemicals and oils.
In addition to this, glass protects the perfume and its scent from direct sunlight. This helps in maintaining the product quality. The perfume contains certain chemicals which need to be protected against the external factors, therefore glass perfume packs are more preferred packaging solutions.
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Competition Landscape
With the presence of various local and regional competitors in the market, the global perfume pack market is highly competitive. Key players are focusing on various strategies to increase their revenue such as capacity expansion, mergers & acquisitions, expansions, collaborations, and partnerships.
The Key Players Are:
- Gerresheimer AG,
- Berry Global Group,
- Amcor plc,
- Stölzle-Oberglas GmbH,
- SGB Packaging,
- Corpack GMBH,
- Aptar Group, and
- Alpha Packaging
are the key players operating in the perfume pack market. Also, the other noticeable players include
- H&K Müller GmbH & Co. KG,
- Yonwoo C. Ltd.,
- Quadpack,
- Plásticos FACA S.A, and
- others.
Around 15-20% of the global perfume pack market is estimated to be covered by tier 1 players.
Perfume packs are available in different capacities based on the requirement such as less than 10 ML, 10 ML – 50 ML, and above 50 ML. They can be customised in terms of shape and design. The customized size and design increase its use in luxury perfume packaging which creates opportunities for perfume pack manufacturers.
Also, product innovation by perfume manufacturers is driving the demand for more durable and attractive perfume packs. In addition to this, the emergence of small and medium perfume manufacturers across the globe will bolster sales of perfume packs.
“Increasing demand for decorative perfume packaging for improving brand image, along with growing preference for recyclable materials for perfume packaging will boost sales of perfume packs over the forecast period,” says an FMI analyst.
Key Takeaways:
* Based on the material, the glass segment is projected to hold around a 3/4th of the market share by the end of 2022.
* The preference for standard bottles creates a growth opportunity for the perfume pack market which is projected to be worth US$ 1.1 Bn during 2022-2032.
* As per the capacity segment, above 50 ML perfume pack are projected to hold around 65% of the market share by the end of 2032.
* The increasing perfume production and consumption in Europe and North America region is estimated to propel the demand for perfume packs in these regions.
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Perfume Pack Market By Category
By Material:
- Glass
- Plastic
By Product Type:
- Standard Bottles
- Pocket Spray Bottles
- Vials
By Capacity:
- Less than 10 ML
- 10 ML – 50 ML
- Above 50 ML
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