Verescence, the global leader in glass bottle manufacturing for the perfume and cosmetics industry, has produced a special glass bottle with sculpting technology for Arizona, demonstrating Verescence’s innovative ability in glass and decoration. Due to its unique and innovative glass, new glass bottles with sculpting technology will contribute to healthy market growth during the forecast period. In addition, “Verescence’s patented engraving technology revolutionizes the molding process for glass bottles, allowing us to create a bizarre distribution of glass inside a blown glass bottle using a standard neck process,” said Sates Samuel Joachim, director of INPD.
E-commerce penetration will affect the expansion process
In the coming years, increasing globalization and urbanization will contribute to the growth of the spice glass bottle market, and the consumer-led strategy will stimulate the demand for consumer goods, which in turn will boost the revenue of the perfume glass bottle market. In addition, the proliferation of advertising and marketing strategies launched by major players to attract customers will add new sales opportunities to the market in the coming years. The growth trend of online shopping and the penetration of various e-commerce companies will contribute positively to the growth of the perfume glass bottle market in the coming years. For example, in October 2019 Amazon announced its third fiscal quarter earnings of $70 billion in revenue, $2.1 billion in net income, and earnings per share of 4.23 (compared to $56 billion in revenue, $2.9 billion in net income, and earnings per share of 5.75 in Q3 2018).
