According to the business intelligence report titled ‘Global Perfume & Fragrance Packaging Market Size study, by Product Type (Bottles, Cans and Others), by Raw Material (Glass, Plastic, Metal and Paperboard) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global perfume & fragrance packaging market was evaluated at USD 10.91 billion in 2020 and is anticipated to be worth USD 15.87 billion by 2027, expanding at 5.5% CAGR between 2021-2027.
 

Surging demand for personal care & grooming products, rising disposable income, and easy availability of internationally recognized brands are the key factors driving global perfume & fragrance packaging market expansion. As per Statista, market share held by beauty & personal care products with environment-friendly packaging has risen from 19% in 2015 to 24% in 2017.
 

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Launch of new perfumes will aid revenue inflow as well. Citing an example, Aitée unveiled a new perfume collection called Soul Journey in June 2021. Also, Jean Paul Gaultier announced the launch of Scandal Men’s Perfume.
 

While high demand for luxury packaging will aid revenue inflow, availability of counterfeit products and high prices of perfumes will act as challenges for businesses operating in this domain.
 

Based on product gamut, global perfume & fragrance packaging market is split into cans, bottles, and others. Speaking of raw material, the industry is divided into plastic, glass, metal, and paperboard.
 

Regionally speaking, North America held majority of worldwide perfume & fragrance packaging market share in the recent past owing to presence of leading players, widespread adoption of luxurious products, and booming international tourism.
 

Meanwhile, Asia Pacific market is projected to expand rapidly between 2021-2027 owing to rising consumption of personal grooming products, surging demand for premium goods, and increasing disposable income.
 

Leading companies formulating the competitive landscape of global perfume & fragrance packaging market are The Estee Lauder Companies Inc., Chanel, Gerresheimer AG, SGB Packaging Group Inc., Swallowfield Plc, Saverglass S.A.S, Verescence France SASU, Albea S.A., Avon Products Inc., and IntraPac International Corporation.