Cosmetic and Perfume Glass Packaging Market: Global opportunity analysis and industry forecast, 2022-2029 Market

Packaging is an important factor for any product from any industry. Cosmetic products are the products are used so as to get an attractive look without changing the body appearance. Cosmetic packaging is the packaging that is done for the various cosmetics products such as hair care, skin care, fragrances and nail care. Perfumes are used so that the human body should smell good even when sweaty conditions are there. There are some norms and regulations for cosmetic and perfume packaging which are set by the Food and Drug Administration (FDA) and European Union (UN). 

Market scope and structure

COVID-19 scenario analysis:

• The demand for cosmetic and perfume packaging is expected to decrease in the year 2020 due to low demand from different industries such as personal care and packaging due to the lockdown imposed by government of many countries.
• COVID-19 crisis is likely to affect the cosmetic packaging industry negatively, as a result of halted manufacturing and massive reduction in demand for luxury and non-essential services globally.
• COVID-19 crisis had a mixed impact on the packaging industry, mainly due to closure of physical retail stores globally. However, the availability of online retailing has absorbed the high impact of this shutdown.
• The requirement of eCommerce specific packaging is likely to remain strong, although the ecommerce companies would have to focus on protection of goods and sanitization of packages. 
• In addition, the food packaging industry is on the frontline within the global packaging market, owing to the demand for essential products such as groceries and fresh food mainly from local e-retail sites. 
• Industrial, transportation, and bulk packaging has faced a sharp decline, owing to decreased demand for non-essential goods during the first two quarters of 2020. 
• Owing to the lowered disposable income of maximum population and weak demand for packaging from industrial goods, the packaging industry might face significant pressure of reduction in both wholesale as well as retail costs. 
• Consumers are likely to stay hesitant for consumption of luxury products, travel, and hospitality services, which is expected to hinder the packaging industry growth in the future after the COVID-19 crisis. 

Top impacting factors:

Packaging is an important factor which every company used as a tool to promote its product. The packaging of cosmetic products can be done in two ways such as primary packaging and secondary packaging. The primary packaging is done to protect the cosmetic product inside the packaging from dirt, dust, moisture, cold, heat and sunlight. While packaging proper care must be taken, so that the cosmetic products should not get directly exposed to the sunlight. 

The most common material which is used for the packaging of cosmetic products and perfumes in India is glass. Glass is available in 4 types such as Soda Glass, Sulphated glass, Neutral Glass, and Borosilicate glass. Out of these glass types, soda glass is used for the packaging of the cosmetic products. Sometimes that soda glass is first given as acid wash so that surface alkalinity of the glass is reduced and then it is used for packaging of the products that can be affected by the pH changes. There are some other materials such as tinplate, paper and board, plastic and polystyrene, which are used for the packaging of cosmetic products.

Other material which is commonly used for the packaging of the cosmetic products is tinplate. Tinplate gives the good appearance to the packaging because of the luster of tin. Cosmetic packaging can be done by using the product type such as drums, cans, tubes and aerosols.  The cosmetic packaging products are light in weight, recyclable and easy to store. Recyclability is one of the major advantage that the cosmetic packaging posses. Tinplate packaging is preferred over the packaging with other metals because of the ability of metal to carry acidic reaction with a product inside the packaging. 

Key driving factors for the growth of the cosmetic and perfume glass packaging market:

Cosmetic products are experiencing high demand across the globe. As packaging of the cosmetic products is an important factor, hence it is considered to be the key driving factor for the growth of the cosmetic and perfume glass packaging market. 

Cosmetic packaging boxes are reusable and these can be used multiple times during the transportation of the products. Hence, there is rising demand for the tinplate cosmetic packaging boxes across the world, which will ultimately be the reason for the growth of the cosmetic and perfume glass packaging market. Further, considering the growth of e-commerce platforms in both urban and rural area, many people are buying the cosmetics from online platforms. This could be an important factor for the growth of the cosmetic and perfume glass packaging market.  

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the cosmetic and perfume glass packaging market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• The report provides a detailed cosmetic and perfume glass packaging market analysis based on competitive intensity and how the competition will take shape in coming years.

 Cosmetic and Perfume Glass Packaging Market: Global opportunity analysis and industry forecast, 2020-2027 Report Highlights