London, 27 October 2015: Technavio, the independent tech-focused global research firm, has published a report on the global cosmetic and perfume glass bottle market 2015-2019, which is expected to grow at a CAGR of 5.3% during the forecast period of 2014-2019.
“Vendors in the market are providing perfumes and cosmetics in a variety of designs to meet the ever-changing needs of customers. They are also involved in tie-ups with companies specializing in design to provide a unique appearance to glass bottles,” says Faisal Ghaus, Vice President of Technavio.
The cosmetics market is witnessing stable growth that is characterized by innovations, increasing disposable incomes, enhanced standards of living, and increasing emphasis on beauty and fashion. With men adopting extensive beauty routines, and the trend of manufacturing gender-specific products, the global cosmetics market is likely to witness rising demand from new customers. Skincare, the largest cosmetic market segment, has a major requirement for glass bottle packaging.
Key Market Drivers
- Growth of cosmetics market
- Need for high shelf impact
- Perfumes as a personal grooming necessity
- Optimal shielding capability
Key Market Trends
- Increased focus on sustainability
- Evolution of new designing techniques
- Emphasis on value addition
- Increase in innovations
Key Market Vendors
- SGD
- Heinz-Glas
- Zignago Vetro
- Pochet
- Piramal Glass
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Cosmetic and Perfume Glass Bottle Market 2015-2019, please send an e-mail to media@TechNavio.com.
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