COVID19: AIRLESS PACKAGING MARKET TO REACH USD 6.9 BILLION BY 2027 | CAGR 4.8% — FORENCIS RESEARCH

Global Airless Packaging Market: Key Highlights

• According to the new market research report “Airless PackagingMarket by Material Type (Glass, Plastic, Others), by Packaging Type (Bags & Pouches, Bottles & Jars, Tubes, Others), by End User (Cosmetics, Food & Beverages, Pharmaceuticals,Others),by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global airless packagingmarket is estimated to reach USD 6.9Billion by 2027 at a CAGR of around 4.8% during the review period.
• A dispensing system which combines a mechanically-activated pump with a specifically designed container which after filling delivers the product without air intake is known as airless packaging. It is also known as vacuum packaging.
• Preserving antioxidants, preventing contamination, extending shelf life, reliable dispensing, and no product wastage are some of the major advantages of airless packaging.
• Airless packaging is used across various industries such as cosmetics, food & beverages, pharmaceuticals, and amongst othersas it avoids product contamination.

Global Airless Packaging Market: Key Market Dynamics

• Growing premium cosmetic products market coupled with benefits offered by airless packaging has expected to drive the growth of the market
• Increasing demand for airless packaging from dermal drugs manufactures has anticipated to surge the growth of the market during the forecasted period
• High volatility in raw material prices has expected to pose a major challenge to the growth of airless packaging market

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Global Airless Packaging Market: Regional Overview

• Europe

Europe has anticipated to hold the largest share in airless packaging market due to higher demand for premium cosmetics coupled with strong presence of cosmetic manufacturing companies. Skincare brands in the region are focusing on sustainable airless packaging in order to address the rising concerns regarding product protection from oxidation and pertaining to sustainability. For instance, Ren Clean Skincare, a Unilever-owned skincare brand, introduced a skincare product in an airless bottle made of recycled plastic in February 2020.

• Asia-Pacific

The Asia-Pacific is anticipated to witness the largest growth in airless packaging market during the forecasted period. This is attributed by rising middle-class populations in countries such as China, Indonesia, India, and Vietnam, and higher demand for premium cosmetic products. Some factors such as continuous spending in online beauty spending, expansion of the social network, increasing urbanization, and consumer interest in new, different are expected to favorably impact the market growth during the forecasted period.

Global Airless Packaging Market: Key Players Overview

• Quadpack:

Quadpackis engaged in manufacturing of enhanced packaging solution for beauty brand owners and contract fillers. The company’s business is based around four activities including designing, developing, sourcing & manufacturing packaging solution for beauty products. The company has a global strategic network of manufacturing partners with its production facilities located in Europe, North America, and the Asia-Pacific. In September 2019, Quadpack acquired a commercial right to patented bi-injection blow moulding (BIBM) process of Inotech. This acquisition will help boost the research & development of new beauty packaging solution.

• HCP Packaging:

HCP Packaging is one of the global leaders in designing, development and manufacturing of primary packaging. The company has 9 manufacturing plants and offers more than 250 customer brands across the globe. HCP Packaging offers its wide product portfolio to cosmetics, fragrance, skincare, and toiletries industries. In August 2017, the company acquired Rusi Cosmetic GmbH & Co. KG with an aim to expand its manufacturing capabilities of European cosmetics and personal care market and will strengthen the company’s commercial team.

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