Rising Demand for Cosmetic and Luxury Products Fuelling the Glass Cosmetic Bottle Market Demand
According to the IBEF, at a 4.3% compound annual growth rate, the worldwide cosmetics market is expected to reach US$ 450 billion by 2025. Also, the growth in the cosmetic industry is seen due to the increase in demand for premium and luxury products. The demand for premium and luxury products has been driven by evolving consumer lifestyles. Premium cosmetics play a crucial role in conveying attributes like exclusivity, luxury experiences, and superior quality that are directly associated with premium products or premium cosmetics. A glass bottle is considered premium due to its ability to preserve the contents. The market for glass cosmetic bottles is expanding due to the growing demand for premium cosmetics, particularly glass bottles, as consumers pursue rich experiences and premium brands.
Features Such as Using Sustainable Option and Promoting Customizing and Personalizing Solution Will Drive Demand
This will result in customer loyalty and will place the brand above the competitive brand. Manufacturers can also look for opportunities in customizing and personalizing the product according to their will. Cosmetic glass bottle manufacturers may take advantage and may provide customizable packaging solutions. This feature will allow customers to personally choose what they want to do with their bottle design, its color, size, etc. By integrating customization trends, the company can cater to diverse needs, stay ahead of competitors, and enjoy brand loyalty.
Recent Trends in the Glass Cosmetic Bottle Industry
- Including tamper-evident and child-resistant features
- Digital technology integration for customized packaging experiences
- Environmentally friendly solutions such as recycled glass and biodegradable polymers, as well as sustainable materials and designs.
Explore Our Breakthrough Market Segmentation and Personalize it to Meet Your Business Needs…!
Transportation Challenges and Design Limitations Acts as Restraining Factors for Glass Cosmetic Bottle Market
Another problem faced by manufacturers is regarding the limited design function. Glass offers various features for making unique designs to attract customers, but it also has some limitations. Compared to other packaging solutions, such as plastic, the flexibility provided by glass bottles is less, which makes the process of customization, shaping, and sizing more complex and restrains the company from making certain designs or functionalities. This limited design limitation may limit the company from doing innovation and creativity in packaging for brands seeking unconventional or ergonomic bottle designs.
Novel Innovations of Glass Cosmetic Bottle are Driving the Market
In October 2023, Vitro Sab de CV inaugurated its new glass coating oven, “Coater 8,” at its Mexican plant in Mexicali. Coater 8 was a USD 60 million investment that added to Vitro’s production capacity of over 6 million sq.m. of coated glass. Coater 8 used nanotechnology coatings to control solar radiation and improve thermal insulation and abilities that were in high demand in architecture and automotive glass, among others. In November 2023, primary glass packaging manufacturer SGD Pharma launched a new lightweight glass bottle, NOVA, which reduced CO2 emissions by 20% compared to the standard Dorado bottle. The new bottle had a low weight-to-volume ratio of 0.65 and was designed to minimize greenhouse gas emissions.
List of companies operating in glass cosmetic bottle market include Lumson spa, Heinz-Glas, Apg Group, Pochet, Vitro SAB De CV, SGD-Pharma, Consol Glass (Pty) Ltd, Verescence Inc., La Glass Vallee, SKS Bottle & Packaging Inc, Bormioli Luigi, Roma International Plc, Gerresheimer Group, Vidraria Anchieta, Pragati Glass, Stoelzle Glass Group, Saver Glass and SGB Packaging Group
Know Your Competitors and Strengthen Market Share Effectively
Glass Cosmetic Bottle Are Gaining Traction in The Europe and Asia Pacific Region.
After Europe, Asia Pacific is considered a growing market, as currently, China’s cosmetic packaging is in high demand and experiencing significant growth in the cosmetic market. According to the International Trade Administration, sales of personal care and beauty products in China have reached US$88 billion in 2021, showing a 10% increase compared to last year. Also, South Korea is considered one of the top ten beauty markets in the world. The total exports of South Korea in 2021, according to the International Trade Administration, amounted to US$ 9,182 million. The reason behind this growth is due to the products South Korea makes as well as the ingredients, innovation, and pleasing packaging. Also, according to IBEF in India, the overall market share of cosmetic products is expected to grow to US$ 20 billion by 2025 with a CAGR of 25%. The growth is expected due to the entry of various multinational brands and raising the disposable income of consumers.
Searching for a Country or Region-Specific Report?
Unlock industry complexities with reports crafted for selected countries and regions at Reduced Cost
Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Thailand, Vietnam, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Algeria, Israel, Iran, Iraq, Kenya, Ethiopia, Rest of MEA |
Glass Cosmetic Bottle Market Research Report Covers In-depth Analysis on:
- Glass cosmetic bottle market detailed segments and segment-wise market breakdown
- Glass cosmetic bottle market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in glass cosmetic bottle industry)
- Current, historical, and forthcoming 10 years market valuation in terms of glass cosmetic bottle market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Glass cosmetic bottle market demand analysis
- Glass cosmetic bottle market pricing analysis over the forecast period (by key segment and by region)
- Glass cosmetic bottle market regional insights with the region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in the glass cosmetic bottle market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in the glass cosmetic bottle market
- Glass cosmetic bottle market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on the glass cosmetic bottle market forecast by countries
- Mergers and acquisitions in the glass cosmetic bottle market
- Essential information to enhance market position
- Robust research methodology