Cosmetics and Perfume Packaging Market Analysis
The global cosmetic and perfume packaging market is expected to witness category spend growth of more than USD 8 billion between 2018-2023, with spend momentum accelerating at a CAGR of 4.99% during the forecast period. This increasing spend on cosmetic and perfume packaging will be primarily driven by the demand for a range of skincare products and perfume varieties among different age groups. While the demography aged between 15-24 is exhibiting demand for personal care and grooming products, the middle-aged demography is creating a high demand for anti-aging creams. Packaging plays a vital role in influencing this demand in terms of enhancing the look of the products and protecting them during their transportation.
High demand for organic perfumes in Europe is simultaneously creating the requirement for natural and organic packaging solutions in order to position and promote their brands. This will drive the demand for eco-friendly and sustainable packaging solutions in the region, thereby exerting a positive impact on the cosmetic and perfume packaging market. Increasing sales of cosmetics and perfumes from e-commerce platforms will drive the demand for cosmetics and perfume packaging in North America. Meanwhile, Europe dominated the perfume market accounting for around 40% of the global perfume market in 2017. In Europe, the demand for organic perfumes is expected to grow during the forecast period owing to the increase in environmental and health consciousness among end-consumers.
For additional cosmetics and perfume packaging category spend insights, download a free sample report.
Insights Offered in this Cosmetics and Perfume Packaging Report
This procurement intelligence report provides buyers with actionable data on the current and future cosmetic and perfume packaging supply market scenario. Coverage of the US market, including category spend analysis, pricing outlook, and supplier cost structure is also offered. Additional information in this report includes an analysis of the cost and volume price drivers, top suppliers, and category management strategies.
This procurement intelligence report on the global cosmetic and perfume market will help buyers understand:
- Global and regional spend potential for the period of 2018-2023
- Top suppliers and their cost structure
- US supply market scenario
- Cosmetic and perfume packaging price trends and forecasts
- Incumbent supplier evaluation metrics
Cosmetic and Perfume Packaging Market Pricing Trends
This market intelligence report contains in-depth pricing insights for the procurement of cosmetic and perfume packaging. These pricing insights provide an overview and comparison of pricing models, supply chain margins, and the volume and cost drivers impacting pricing:
- Volatility in the crude oil prices is expected to increase the price of polymers which are one of the key raw materials for cosmetics and perfume packing. This will inflate the price of procurement for buyers.
- However, buyers can expect a respite from the recurring procurement spend with a stabilizing logistics cost. This stabilization is attributed to the vendor’s adoption of techniques such as leasing of fleets and hedging for fuel prices to minimize OPEX and achieve better net margins.
- Deepening focus on developing biodegradable packages and packaging innovation will result in the supplier’s incur an increasing R&D costs. This will also impact the buyers with excess procurement spend.
For additional cosmetics and perfume packaging market price insights, download a free sample report now.
Optimize category spend for the cosmetics and perfume packaging market
Predicting optimum utilization of the procured product is possible in the cosmetics and perfume packaging market. In order to achieve the same, the buyers are advised to establish a performance criterion before commencing the procurement process. The criteria include the selection of appropriate materials to prevent leakage of contents, best-fit materials with appropriate functional properties such as pressure sensitivity or high-barrier properties, and adoption of safety measures to prevent tampering.
This cosmetics and perfume packaging procurement market research report also offers a coverage of:
- Procurement organization objectives for the cosmetics and perfume packaging market
- Supplier and the buyer KPIs
- Major category enablers
Understand the cosmetics and perfume packaging supply landscape
Buyers are advised to partner with suppliers who can offer one-stop solutions for all their packaging needs. This results in ample cost-saving opportunities and minimization of procurement efforts through sourcing from a single supplier.
This procurement intelligence report also identifies the major costs incurred by the suppliers and offers a coverage of:
- Suppliers positioning strategy
- Supplier evaluation criteria
- Supplier ecosystem outlook
Build effective category management strategies for the cosmetics and perfume packaging market
In the cosmetics and perfume packaging market, a major category requirement for the buyers is to evaluate the suppliers based on the quality of packaging on factors such as leaks due to a broken neck or substandard material, required color, mechanical hazards such as shocks and vibration, and opaqueness of glass or plastic bottles.
Key insights offered in this procurement report on cosmetics and perfume packaging will help the buyers identify:
- Global and regional category risks
- Category growth drivers
- Supplier selection criteria
An analysis of the top cosmetics packaging companies and the best negotiation levers are offered in this procurement report on the cosmetics and perfume packaging.
