2020-2027 Years Perfume Bottle Market Forecast
The global market for perfume bottles in 2026 is expected to reach US $2 billion 90 million, with an average annual growth rate of 4.4% in the forecast period and $1 billion 490 million in 2018.
According to a recent issue entitled "the size, share and industry analysis of the perfume bottle Market from 2019 to 2026, according to the report of the wealth business insight", according to the form (translucent, transparent and opaque), capacity (0-50 ml, 50-150 ml and >150 ml) and area forecast, customers' tendency towards cosmetic packaging bottles will gradually increase the demand for perfume bottles in the coming years. Please.
Glass bottles with carving technology increase new market opportunities
Verescence, the leader of glass bottles manufacturing in the global perfume and cosmetics industry, produced a special glass bottle with carving technology for Arizona, showing the innovative ability of Verescence in glass and decoration. Due to its unique and innovative glass, the new glass bottle with carving technology will promote healthy market growth in the forecast period. In addition, "verescence's patented engraving technology has revolutionized the glass bottle molding process, allowing us to create fantastic glass distribution in blown glass bottles through the standard neck process," said sates Samuel Joachim, director of iNPD.
E-commerce penetration will affect the expansion process
In the next few years, the growing globalization and city urbanization will help to increase the market of spice glass bottles. The consumer led strategy will stimulate demand for consumer goods, which in turn will increase the income of the perfume bottle market. In addition, the advertising and marketing strategies launched by major players to attract customers have increased dramatically, which will add new sales opportunities to the market in the next few years. The growth trend of online shopping and the penetration of various e-commerce companies will contribute positively to the growth of the perfume glass bottling market in the coming years. For example, in October 2019, Amazon announced its third fiscal quarter earnings, with revenue of 70 billion, net income of 2.1 billion, and earnings per share of 4.23 (compared with 56 billion revenue, 2.9 billion net income and 5.75 per share in the third quarter of 2018). (unit: USD)
Increased attention to beauty and healthcare will drive market growth in the Asia Pacific region
The Asia Pacific region is expected to grow significantly in the next few years, with a compound annual growth rate of 5.6% between 2019 and 2026. The growth is attributed to the growth of perfume consumption in China, India, Japan, Australia, Indonesia and other countries. Increasing disposable income and a preference for beauty and health will promote the growth of the region.
Post time: Dec-19-2020