The improved lifestyle coupled with increased disposable income and desire towards better personality are the prime reasons for growing demands of beauty products. The rapid growth in consumption and production of these products is evident that the look and feel of the packaging is also a considerable factor. Hence, manufacturers are highly focusing on better packaging solutions which gives customers a premium feel in a cost effective way. Quality packaging not only offer an attractive options for customers but it also maintain the quality and effectiveness of the product inside the bottle.
The global cosmetic and perfume glass bottle market is primarily driven by the growth in cosmetic and perfumery industry. The global cosmetic industry is forecasted to be of more than US $ 600 Bn by 2019. The growing aspirations of better physical appearance and beauty is anticipated to be the major driving factor for the cosmetic and perfume glass bottle market. The fierce competition in cosmetic industry is supposed to force the cosmetic and perfumery industry to choose innovative and better glass packaging solutions which is anticipated to be the driving factor for the global cosmetic and perfume glass bottle market. The increased disposable income and growing inclusion of cosmetic and perfumery products into everyday grooming practices is projected to the driving factor for the global cosmetic and perfume glass bottle market. On the other hand the growing use of plastic in cosmetic and perfumery packaging is anticipated to be the major restrain in the growth of the global cosmetic and perfume glass bottle market.
The opportunity of global cosmetic and perfume glass bottle market lies in providing durable packaging solutions at cost effective especially in mid and low range perfume and cosmetic segments. Improving the product visibility and attractiveness is anticipated to be the major challenges for the global cosmetic and cosmetic and perfumery which can be perceived as an opportunity for the global cosmetic and perfume glass bottle market by providing innovative packaging solutions.
The global cosmetic and perfume glass bottle market is segmented on the basis of product into high-end cosmetic and perfumes, mid-range and low range. The mid-range cosmetic and perfumery market is anticipated to register the highest growth in global cosmetic and perfume glass bottle market. By application the global cosmetic and perfume glass bottle market is segmented into hair care, skin care, make-up, fragrances, bath and shower and others. Where skin care and fragrances is anticipated to be the major contributor of the global cosmetic and perfume glass bottle market.
On the basis of geography the global cosmetic and perfume glass bottle market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA) and Latin America. Europe is anticipated to be the largest market for global cosmetic and perfume glass bottle market primarily driven by strong demand and higher consumption of cosmetic and perfumery products. Asia pacific is anticipated to be the second largest market for the global cosmetic and perfume glass bottle market primarily driven by growing per capita income and increasing awareness of cosmetic and perfumery especially in rapidly growing urban population. The strong demand in Japan, India and China are the major contributing factors for the demand in Asia pacific region. The North America is also anticipated to contribute significantly in the global cosmetic and perfume glass bottle market followed by Asia pacific. Middle East is also expected to contribute to the demand of global cosmetic and perfume glass bottle market primarily due to rapid urbanization and rising expenditure on beauty care products.
Some of the key players in the global cosmetic and perfume glass bottle market are Heinz-Glas Group Holding, SGD Group, ZIGNAGO VETRO S.p.A., Rockwood & Hines, Gerresheimer Group, Saverglass, Piramal Glass, Groupe Pochet and others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.