According to the research 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 valued at USD 10.91 billion in the year 2020 and is expected to grow at a healthy rate of 5.5% over the next six years, thereby reaching a valuation of USD 15.87 billion by the year 2027.
 

Growing demand for personal care & grooming products, and introduction of new perfumes are propelling the growth of global perfume & fragrance packaging market. For instance, Statista reported that the market share of beauty and personal care product launches with environmentally friendly packaging was 19% in 2015 and grew to 24% in 2017.
 

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Moreover, factors such as rise in disposable income, growing demand for luxury packaging, and widespread availability of internationally recognized brands in the sector are further accelerating the industry development.
 

Despite the positive outlook, high prices of perfumes and the presence of imitation and replica products are likely to hamper market growth in the forthcoming years. 
 

Based on product type, worldwide perfume & fragrance packaging industry is classified into cans, bottles, and others, while by raw material type, the market fragmentation comprises metal, glass, plastic, and paperboard.
 

From a regional standpoint, North America is poised to capture a notable revenue share in the industry by the year 2027, owing to rising international tourism and presence of major established brands in the region which is enabling higher adoption of luxury products among people.
 

Meanwhile, Asia Pacific market is likely to exhibit a substantial CAGR during the predicted timeline, due to the rising consumption of personal grooming products given the increased disposable income in the area. 
 

The competitive landscape of global perfume & fragrance packaging marketplace is defined by companies such as Estée Lauder Companies Inc., SGB Packaging Group Inc., Saverglass SAS, Intrapac International Corporation, Swallowfield Plc, Chanel, Verescence France SASU, Albea S.A., Avon Products, Inc., and Gerresheimer AG among others.