About Fragrance Packaging
Packaging plays an important role in enhancing the product appealing. The use of Fragrance Packaging by the manufacturers of fragrance has increased. The growing use of wearing perfumes has increased their consumption which ultimately increases the fragrance packaging market. Attractive packaging acts as a stimulating attribute for the perfume industry. The luxurious living lifestyle of people in North America and Europe.
Attributes | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market Share | 37.43% |
Unit | Value (USD Billion) |
CAGR | 5.28% |
In Fragrance Packaging Market, it has been observed that most of the companies are upgrading or introducing innovative packaging products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Fragrance Packaging market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Estee Lauder (United States), Gerresheimer AG (Germany), Chanel S.A. (France), Swallowfield Plc (United States), Saverglass sas (France), Albea S.A. (France), Intrapac International Corporation (United States), Avon Products, Inc. (United Kingdom), Verescence France SASU (France), SGB Packaging Group (United States), ZHEJIANG B.I. INDUSTRIAL CO., LTD. (China), Cosmetics & Perfume Filling & Packaging, Inc. (United States), HH Deluxe Packaging (United Kingdom), Collcap Packaging Limited (United Kingdom) and Vetroplas Packaging Ltd (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mei Yu Packaging (HK) Industrial Co., Ltd. (China), Guangzhou Jiaming Perfume Packaging Co. ltd. (China) and Hangzhou Tianhao Plastic Industry Co., Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Fragrance Packaging market by Type (Primary Packaging {Bottles, Cans, Tubes & Roll-Ons, Stick Packs} and Secondary Packaging {Folding Boxes, Hinged Boxes, Two-Piece Boxes}), Application (Perfumes and Deodorants) and Region.
On the basis of Type, Primary Packaging are dominating the market and held 45.6% of market share in the year 2023 where as Secondary Packaging stood as second largest market share and accounted for 40.28%.
On the basis of application, Perfumes segment is dominating the market and held 61.11% of market share in the year 2023 where as Deodorants segment stood as second largest market with a holding of 38.89%.On the basis of geography, the market of Fragrance Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Capacity, the sub-segment i.e. 100 to 250 ML will boost the Fragrance Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fragrance Type, the sub-segment i.e. Synthetic will boost the Fragrance Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Plastic will boost the Fragrance Packaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. Asia Pacific is projected to be the fastest-growing market, expanding at a CAGR of 6.73% from 2023 to 2032.
Influencing Trend:
Trend for Luxury and Premium Packaging
Market Growth Drivers:
Popularity Of E-Retailing and Growing Perfume Industry:” The improved the grooming habits of people and the use of perfumes have become important in day-to-day life for relieving unpleasant body smell produced due to sweating. The increasing urbanization and improving standards of living as well as growth in consumption of luxury products owing to expanding disposable incomes have increased the demand for perfume globally.”
Challenges:
Use of Eco-Friendly Material To Produce Fragrance Packaging
Restraints:
Growing Commercialization of the Product’s Imitations
Opportunities:
Manufacturer Developing Attractive Packaging to Attract Consumers and Changing Lifestyle in Developing Countries
Market Leaders and their expansionary development strategies
In November 2023, L’Oréal Groupe has entered an exclusive partnership with Cosmo International Fragrances to make use of a Green Sciences-based extraction process set to change the art of fine fragrance creation. The partners’ first collaboration will focus on bringing tuberose’s natural floral signature to a future fine fragrance targeted
In October 2023, Dow has launched of SURLYN REN and SURLYN CIR, two new sustainable ionomers grades which pioneer the use of renewable and circular feedstocks. These new grades offer a significant moment for cosmetic industry packaging.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Fragrance Packaging Providers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-User
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.