Global Perfume Packaging Market 2017-2021

Overview of the global perfume packaging market

Research analysis on the global perfume packaging market identifies that the rising demand for convenient and premium packaging will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of nearly 6% by 2021. In addition to the aesthetic appeal, the ease of use is also a major factor that impacts the purchasing decision of the consumers. Packaging products such as airless pump spray and pump closures offer increased convenience for consumers in terms of ease-of-use and disposal while reducing product wastage. There is a high demand for the convenience packaging of perfume to make it user-friendly. The manufacturers are making huge investments towards developing visually appealing packages for enhancing the premiumization of perfume. Colored crystal bottles are widely used in premium perfume packaging. Latest innovations in the packaging industry, such as the adoption of gender-specific packaging design increases the aesthetic value of the perfume, which in turn, is driving the demand for various packaging innovations.

The emergence of organic perfumes is one of the latest trends that will gain traction in the perfume packaging market. Organic perfumes use pure ingredients that are free from solvents, dyes, alcohols, petrochemicals, and pesticides. These perfumes are vegan and are certified by PETA. Organic perfumes are being widely preferred over the synthetic perfumes due to the increase in health-conscious users. Organic perfume manufacturers are looking for all-natural and organic packaging products that can promote their brands and product lines. This drives manufacturers to increase the focus on the procurement of eco-friendly and sustainable packaging solutions. The increased awareness about the natural and organic perfume brands has led to a high demand for such products in Europe and North America.

Competitive landscape and key vendors

The perfume packaging market consists of companies that manufacture and distribute rigid plastic, glass packaging, and metal packaging solutions for the perfume industry. Packaging manufacturers in this industry are concentrating on expanding their geographical reach through mergers and acquisitions for reducing their operational cost and increasing their market share. Vendors in the market compete based on volume, price, capacity, technological innovations, and product quality. Additionally, they are also expanding their businesses by launching new innovative products and establishing new manufacturing facilities.

The leading vendors in the market are -

• Albéa
• Amcor
• AptarGroup
• DuPont
• Gerresheimer AG

The other prominent vendors in the market are Arexim Packaging, Ball Corporation, Bemis, Collcap, Cosmopack, Certina Packaging, Graham Packaging, HCP Packaging, Quadpack, Rieke, and TricorBraun.

Segmentation by material type and analysis of the perfume packaging market

• Glass packaging
• Plastic packaging
• Metal packaging

During 2016, the glass packaging segment accounted for the major shares of the perfume packaging market. This segment will continue to lead the market in the coming years as well due to the increased usage of glass for packaging perfumes owing to its high recyclable property. Also, the protection against external moisture and oxygen will also drive the demand for glass packaging in this global market.

Geographical segmentation and analysis of the perfume packaging market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the perfume packaging market throughout the forecast period. Factors such as the increased demand for perfume, the growth of e-commerce market, and the rise in consumer spending, will drive the growth of the market in this region. Countries such as China, India, Australia, Singapore, Japan, Korea, and Vietnam are expected to witness a significant growth of the perfume packaging market during the forecast period.      

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global perfume packaging market?
• What are the key market trends impacting the growth of the global perfume packaging market?
• What are the challenges to market growth?
• Who are the key vendors in the global perfume packaging market?
• What are the market opportunities and threats faced by the vendors in the global perfume packaging market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global perfume packaging market?

Technavio also offers customization on reports based on specific client requirement.

This industry research report on the global perfume packaging market by Technavio is an integral part of the transportation and logistics portfolio and presents insights into the major trends and evolving drivers inducing the growth of the packaging industry. Our reports also follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions.

Our market research analysis focuses on top-down and bottom-up approaches such as vendor analysis, drivers, challenges, and trend analysis. Furthermore, an analysis of the market share and market size using statistical models is also carried out to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various packaging products and services and offers an all-inclusive picture of the global perfume packaging market for the estimated period of 2017-2021.

This upcoming market research report on the global perfume packaging market also covers vendors like Gerresheimer, Ball, and Collcap. Moreover, to present clients the opportunity to align with the rapidly changing market dynamics and increase revenue generation in niche markets, this report on the global perfume packaging market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry report on the global perfume packaging market also offers insights into fast-growing segments within the transportation and logistics industry, including sectors like transportation and distribution and warehouse and storage. Furthermore, this report also presents insights into the varying competitive landscape to give clients a realistic outlook of the future direction of the industry.

Our market research methodology for the perfume packaging market

Technavio also offers clients the opportunity to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.