Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Cosmetic and Perfume Glass Packaging Market by Type (Up to 50 ml, 50-100 ml, 100-150 ml, 150-200 ml, Above 200 ml), By Application (Skincare, Hair Care, Fragrances, Nail Care, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Cosmetic and Perfume Glass Packaging Market by Type (Up to 50 ml, 50-100 ml, 100-150 ml, 150-200 ml, Above 200 ml), By Application (Skincare, Hair Care, Fragrances, Nail Care, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 151418 3300 Consumer Goods 377 237 Pages 4.6 (41)
                                          

The global cosmetic and perfume glass packaging market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for premium products in the cosmetics and perfumes industry, which are packaged in glass bottles due to their aesthetic appeal and high-quality finish. The global cosmetic and perfume glass packaging market has been segmented on the basis of type (up to 50 ml, 5100 ml, 10150 ml, 15200 ml), application (skincare, hair care, fragrances, nail care) and region (North America, Latin America Europe Asia Pacific Middle East & Africa). The North American region dominates this market with a share of over 40%. This can be attributed to the presence of major players such as Estee Lauder Companies Inc, L'Oreal S.A., Procter & Gamble Co., Unilever PLC., Coty Inc, Avon Products Inc, Revlon Group LLC among others in this region.

Some Of The Growth Factors Of This Market:

  1. Increasing demand for premium products has led to an increase in the number of brands entering this market segment with innovative product offerings that are targeted towards specific consumer segments such as millennials or baby boomers. This has led to increased competition among players operating in this market segment which has resulted in price wars and intense marketing campaigns leading to higher sales volumes for these companies over the forecast period (2017-2022).
  2. The increasing demand for premium products coupled with rising disposable incomes will lead to an increase in per capita spending on cosmetics and perfumes globally over the next few years, thereby driving growth of this market segment during the forecast period (2017-2022) 5) Increasing awareness about skin care regimes will also drive growth of this market segment during the forecast period (2017-2022).

Industry Growth Insights published a new data on “Cosmetic and Perfume Glass Packaging Market”. The research report is titled “Cosmetic and Perfume Glass Packaging Market research by Types (Up to 50 ml, 50-100 ml, 100-150 ml, 150-200 ml, Above 200 ml), By Applications (Skincare, Hair Care, Fragrances, Nail Care, Other), By Players/Companies Gerresheimer, Swallowfield, Libo Cosmetics Company, Coverpla, Aptar Group, Quadpack, Saverglass sas., Vitro, Sisecam Group, ZIGNAGO VETRO, Pochet SAS, Piramal Glass Private, Albea S.A, Verescence France SASU, Fusion Packaging, HCP Packaging, Premi spa, Continental Bottle, Stolzle Glass Group, Rise Cosmetic Packaging”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Cosmetic and Perfume Glass Packaging Market Research Report

By Type

Up to 50 ml, 50-100 ml, 100-150 ml, 150-200 ml, Above 200 ml

By Application

Skincare, Hair Care, Fragrances, Nail Care, Other

By Companies

Gerresheimer, Swallowfield, Libo Cosmetics Company, Coverpla, Aptar Group, Quadpack, Saverglass sas., Vitro, Sisecam Group, ZIGNAGO VETRO, Pochet SAS, Piramal Glass Private, Albea S.A, Verescence France SASU, Fusion Packaging, HCP Packaging, Premi spa, Continental Bottle, Stolzle Glass Group, Rise Cosmetic Packaging

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

237

Number of Tables & Figures

166

Customization Available

Yes, the report can be customized as per your need.


Global Cosmetic and Perfume Glass Packaging Industry Outlook


Global Cosmetic and Perfume Glass Packaging Market Report Segments:

The global Cosmetic and Perfume Glass Packaging market is segmented on the basis of:

Types

Up to 50 ml, 50-100 ml, 100-150 ml, 150-200 ml, Above 200 ml

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Skincare, Hair Care, Fragrances, Nail Care, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Gerresheimer
  2. Swallowfield
  3. Libo Cosmetics Company
  4. Coverpla
  5. Aptar Group
  6. Quadpack
  7. Saverglass sas.
  8. Vitro
  9. Sisecam Group
  10. ZIGNAGO VETRO
  11. Pochet SAS
  12. Piramal Glass Private
  13. Albea S.A
  14. Verescence France SASU
  15. Fusion Packaging
  16. HCP Packaging
  17. Premi spa
  18. Continental Bottle
  19. Stolzle Glass Group
  20. Rise Cosmetic Packaging

Global Cosmetic and Perfume Glass Packaging Market Overview


Highlights of The Cosmetic and Perfume Glass Packaging Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Up to 50 ml
    2. 50-100 ml
    3. 100-150 ml
    4. 150-200 ml
    5. Above 200 ml
  1. By Application:

    1. Skincare
    2. Hair Care
    3. Fragrances
    4. Nail Care
    5. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cosmetic and Perfume Glass Packaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Cosmetic and Perfume Glass Packaging Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Cosmetic and perfume glass packaging is a type of packaging that is used to store and protect products such as cosmetics, fragrances, or pharmaceuticals. The glass bottles are often designed in a colorful and attractive way, making them an attractive option for consumers.

Some of the key players operating in the cosmetic and perfume glass packaging market are Gerresheimer, Swallowfield, Libo Cosmetics Company, Coverpla, Aptar Group, Quadpack, Saverglass sas., Vitro, Sisecam Group, ZIGNAGO VETRO, Pochet SAS, Piramal Glass Private, Albea S.A, Verescence France SASU, Fusion Packaging, HCP Packaging, Premi spa, Continental Bottle, Stolzle Glass Group, Rise Cosmetic Packaging.

The cosmetic and perfume glass packaging market is expected to register a CAGR of 4.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Cosmetic and Perfume Glass Packaging Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Cosmetic and Perfume Glass Packaging Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Cosmetic and Perfume Glass Packaging Market - Supply Chain
   4.5. Global Cosmetic and Perfume Glass Packaging Market Forecast
      4.5.1. Cosmetic and Perfume Glass Packaging Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Cosmetic and Perfume Glass Packaging Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Cosmetic and Perfume Glass Packaging Market Absolute $ Opportunity

5. Global Cosmetic and Perfume Glass Packaging Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Type
      5.3.1. Up to 50 ml
      5.3.2. 50-100 ml
      5.3.3. 100-150 ml
      5.3.4. 150-200 ml
      5.3.5. Above 200 ml
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Cosmetic and Perfume Glass Packaging Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Application
      6.3.1. Skincare
      6.3.2. Hair Care
      6.3.3. Fragrances
      6.3.4. Nail Care
      6.3.5. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Cosmetic and Perfume Glass Packaging Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Cosmetic and Perfume Glass Packaging Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Cosmetic and Perfume Glass Packaging Demand Share Forecast, 2019-2026

9. North America Cosmetic and Perfume Glass Packaging Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Application
      9.4.1. Skincare
      9.4.2. Hair Care
      9.4.3. Fragrances
      9.4.4. Nail Care
      9.4.5. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Type
      9.7.1. Up to 50 ml
      9.7.2. 50-100 ml
      9.7.3. 100-150 ml
      9.7.4. 150-200 ml
      9.7.5. Above 200 ml
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Cosmetic and Perfume Glass Packaging Demand Share Forecast, 2019-2026

10. Latin America Cosmetic and Perfume Glass Packaging Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Application
      10.4.1. Skincare
      10.4.2. Hair Care
      10.4.3. Fragrances
      10.4.4. Nail Care
      10.4.5. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Type
      10.7.1. Up to 50 ml
      10.7.2. 50-100 ml
      10.7.3. 100-150 ml
      10.7.4. 150-200 ml
      10.7.5. Above 200 ml
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Cosmetic and Perfume Glass Packaging Demand Share Forecast, 2019-2026

11. Europe Cosmetic and Perfume Glass Packaging Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Application
      11.4.1. Skincare
      11.4.2. Hair Care
      11.4.3. Fragrances
      11.4.4. Nail Care
      11.4.5. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Type
      11.7.1. Up to 50 ml
     11.7.2. 50-100 ml
      11.7.3. 100-150 ml
      11.7.4. 150-200 ml
      11.7.5. Above 200 ml
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Cosmetic and Perfume Glass Packaging Demand Share, 2019-2026

12. Asia Pacific Cosmetic and Perfume Glass Packaging Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Application
      12.4.1. Skincare
      12.4.2. Hair Care
      12.4.3. Fragrances
      12.4.4. Nail Care
      12.4.5. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Type
      12.7.1. Up to 50 ml
      12.7.2. 50-100 ml
      12.7.3. 100-150 ml
      12.7.4. 150-200 ml
      12.7.5. Above 200 ml
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Cosmetic and Perfume Glass Packaging Demand Share, 2019-2026

13. Middle East & Africa Cosmetic and Perfume Glass Packaging Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Application
      13.4.1. Skincare
      13.4.2. Hair Care
      13.4.3. Fragrances
      13.4.4. Nail Care
      13.4.5. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Cosmetic and Perfume Glass Packaging Market Size and Volume Forecast by Type
      13.7.1. Up to 50 ml
      13.7.2. 50-100 ml
      13.7.3. 100-150 ml
      13.7.4. 150-200 ml
      13.7.5. Above 200 ml
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Cosmetic and Perfume Glass Packaging Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Cosmetic and Perfume Glass Packaging Market: Market Share Analysis
   14.2. Cosmetic and Perfume Glass Packaging Distributors and Customers
   14.3. Cosmetic and Perfume Glass Packaging Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Gerresheimer
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Swallowfield
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Libo Cosmetics Company
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Coverpla
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Aptar Group
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. Quadpack
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Saverglass sas.
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Vitro
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Sisecam Group
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. ZIGNAGO VETRO
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Pochet SAS
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Piramal Glass Private
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Albea S.A
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Verescence France SASU
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Fusion Packaging
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. HCP Packaging
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. Premi spa
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. Continental Bottle
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. Stolzle Glass Group
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. Rise Cosmetic Packaging
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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