North America Cosmetic & Perfumery Glass Bottle Packaging Market - Growth, Trends, Forecasts (2020 - 2025)
North America Cosmetic & Perfumery Glass Bottle Packaging Market can be segmented by Product Type (Perfume, Nail Care, Skin Care) and Country.
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Scope of the report
Key Market Trends
TABLE OF CONTENTS
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The Cosmetic and Perfumery Glass Bottle Market is expected to grow at a CAGR of 3.35% during the forecast period of 2020-2025. Packaging is a critical element for cosmetic and perfume industries. Packaging for these industries is not only about security and protection, but also about ensuring that the product is kept in its best condition during transportation and storage.
The increasing adoption of advanced technologies for cosmetic packaging and growing trends of skincare products are some of the significant factors driving the market growth in United States. Nail care products seem to be the biggest focus of consumers and retailers after cosmetics in the country.
Salon industry in the United States is also showing the increasing trend for consumers toward beauty products. In the salon industry, the United States is one of the largest employers in the workforce, which employs more than 712,000 people annually.
One of the biggest Canadian fragrance Brands, Michel Gemain Parfums have changed their content strategy for the fact that people people consumed content differently when viewing the material online versus through another method. The company is operating their contents on digital platform as they feel that digital world is the new reality.
Kylei Cosmetics have taken a major blow due to the current health orders in California. The fulfilment center of the company has been closed temporarily due to Covid situation. Though, the brand’s website remains available to accept orders, its fulfillment center cannot guarantee delivery dates at this time.
Scope of the report
The packaging is a critical element for the cosmetic and perfume industries. Packaging for these industries is about security and protection and ensuring that the product is kept in its best condition during transportation and storage. The market study comprises Perfumes, Nail Care, Skin Care, and others providing solutions and products to different geographical locations.
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Key Market Trends
Perfume to Show Significant Growth
As glass bottles dominate the global fragrance and perfume market, the increasing demand for perfume is also expected to increase usage of glass bottles in cosmetic sectors. The global fragrance and perfume market is estimated to grow at the rate of 6.2%, during the forecast period.
Aptar Beauty + Home, in partnership with Shiseido, has created a unique solution for fragrance dispensing. L’Eau d’Issey now features a versatile bottle offering a prestigious and travel format in a single set.
Additionally, a preference for natural fragrances over synthetic-based ingredients is increasing, due to growing consciousness about the risks of allergies and toxins. For instance, the US based, LUXE Brands Inc., is positioning itself as a natural fragrance brand, and is also collaborating with celebrities for product endorsement.
Social media is also playing a vital role in bringing foreign products to the US cosmetics market. As more foreign vendors are entering the US market with manufacturing facilities, the local studied market is also expected to grow.
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United States to Hold the Highest Market Share
The growing demand for skin care products from emerging countries as well as the demand for dropper bottles for trending face serums, are expected to drive the segment growth.
Growing demand for aesthetic procedures and beautification services come mainly from the age group of 26 - 35 years. Face lift treatments combined with Botox designed to slim the facial contour, gained a strong attraction in the past few years.
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 own supplies, tools, and equipment, rather than using salon supplies.
The surveys also revealed that more than 25% of the women, who shop for nail supplies spend between USD 100 and USD 200 every month. With glass bottles dominating the nail care segment, the growing usage of nail polish, is expected to positively impact the market growth.
It is estimated that, more than 79.7% of these employees are either hairdressers, hairstylists, or cosmetologists with an average salary of USD 24,443 per annum. Hence, further motivating vendors to invest in the country’s market.
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The Cosmetic and Perfumery Glass Bottle Packaging Market in North America appears to be concentrated due to the presence of some major vendors. This industry research report offers information about the competitive environment among players in this market space. Major players includeSGB Packaging Group, SKS Bottle and Packaging Inc. Vitro Corporation, among others.
September 2020- Glass manufacturer Verescence helped create the 30ml and 100ml bottles for the latest fragrance from L’Oréal’s Valentino Beauty brand: Voce Viva. The bottle combines flat shoulders and a homogeneous distribution of glass with two inverted studs pointing towards the inside of the bottle on more than 10 mm.