The global perfumepackaging market sizewas valued at USD 3.31 billion in2023. The market is anticipated to expand from USD 3.51 billion in 2024 and reach USD 5.95 billion by 2032, exhibiting aCAGR of 6.84% during the forecast period.
Perfume packaging safeguards andenhances fragrance’s appeal to the consumers. The allure of eco-friendly
perfume caps, especially among millennials and Gen Z, is a significant factor
propelling market growth as consumers prioritize sustainable packaging
solutions.
The significant drop in perfume anddeodorant sales amid the COVID-19 pandemic acted as a key impediment to the
growth of the global market.
Fortune BusinessInsights™ provides thisinformation in itsresearch report, titled “PerfumePackaging Market, 2024-2032”.
Segmentation:
Glass Segment Leads owing to Sealing Performance
By material, themarket is segmented into plastic, metal, paperboard, glass, and others. Glass
segment dominates the market. Glass's exceptional sealing performance in
manufacturing perfume bottles minimizes issues related to perfume
volatilization, bolstering its dominance in the market.
Interms of region, the market for perfume packaging is categorized into Europe,
North America, the Asia Pacific, Latin America, and the Middle East &
Africa.
Report Coverage:
With a focus on top players, competitive dynamics, and productsegmentation, the report provides comprehensive market intelligence. It explores Porter's five forces and alsocaptures recent factors contributing to market growth, offering valuable insights for stakeholders and decision-makers.
Drivers and Restraints:
Rising Demand for Premium Packaging to PropelMarket Growth
Theincreasing preference for luxurious and premium packaging solutions amplifies
market growth, as consumers seek enhanced product presentation and brand value.
Moreover, the surge in demand for fragrance packaging with metallic effects,
achieved through materials such as metallized polypropylene films, drives
market growth, aligning with the industry's upscale and innovative preferences.
