Global Airless Packaging Market is projected to reach a value of over USD 6.9billion by 2027
Airless Packaging Market: Summary
The Global Airless Packaging Market is projected to reach a value of over USD 6.9billion by 2027 at a CAGR of around 4.8%.
A liquid dispensing packaging that prevents normal atmospheric air from coming in contact with the formulation inside is known as airless packaging. This type of packaging helps to avoid product contamination due to it is widely used in various end-use industries such as cosmetics, food & beverages, pharmaceuticals, and others. Moreover, more accurate dosage, no propellants required, less chemical interaction, no pressurization, and easy to use are some of the benefits of airless packaging.
Airless Packaging Market: Drivers & Restraint
Market Driver:
- Growing Premium Cosmetic Product Market
Growing awareness regarding premium ingredients and their positive effects on skin has shifted consumer preference from mass-produced or traditional cosmetics to premium cosmetic products. For problems such as age spots, acne and pigmentation have increased preference for premium cosmetics. Moreover, factors such as the influence of premium cosmetics and increasing brand recognition coupled with digitalization have further surged the demand for premium cosmetics. The packaging is one of the major concern in the premium cosmetic product as they protect the formula, are user friendly, reliable and portable. Airless packaging for premium cosmetics offers benefits such as preserving antioxidants, preventing contamination, extending shelf life, reliable dispensing, and no product wastage. Thus, growing premium cosmetic products market coupled with benefits offered by airless packaging has expected to drive the growth of the market.
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Market Challenges:
- High Volatility in Raw Material Prices
Various raw materials used for manufacturing of airless packaging jars, bottles, and pouches include PET, PP, and acrylic which are derived from crude oil. The continuous fluctuations in crude oil prices have been observed owing to demand and supply gap of crude oil, fluctuation in currencies, and OPEC (Organization of the Petroleum Exporting Countries) actions. For instance, the COVID-19 pandemic has impacted the price and trade of crude oil. Fluctuation in crude oil prices has tolead to uncertainty concerning the availability of raw materials at lower or economical prices. Thus, high volatility in raw material prices has expected to pose a major challenge to the growth of airless packaging market.
Airless Packaging Market: Key Segments
- Segmentation based onmaterial type: Glass, Plastic,andOthers.
- Segmentation based onpackaging type: Bags & Pouches, Bottles & Jars, Tubes, andOthers.
- Segmentation based on end user: Cosmetics,Food & Beverages, Pharmaceuticals, and Others.
- Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.
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Key Companies Covered
- Quadpack(Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- HCP Packaging
- AptarGroup, Inc.
- SILGAN HOLDINGS INC.
- APC Packaging
- RAEPAK LTD
- LUMSON S.p.A
- Silgan Dispensing Systems.
- Libo Cosmetics
- EASTAR COSMETIC PACKAGING
- NEW AVON COMPANY
- YONWOO.CO.,LTD.
- Other Key Companies
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Airless Packaging Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Airless Packaging Market, by Material Type
- Plastic
- Glass
- Others
Airless Packaging Market, by Packaging Type
- Bags & Pouches
- Bottles & Jars
- Tubes
- Others
Airless Packaging Market, by End User
- Cosmetics
- Food & Beverages
- Pharmaceuticals
- Others
Airless Packaging Market, by Region
- North America
- US
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
1 Introduction
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 GLOBAL AIRLESS PACKAGING MARKET BY MATERIAL TYPE, Market Size in USD Million (2019–2027)
7 GLOBAL AIRLESS PACKAGING MARKET BY PACKAGING TYPE, Market Size in USD Million (2019–2027)
8 GLOBAL AIRLESS PACKAGING MARKET BY END USER, Market Size in USD Million (2019–2027)
9 GLOBAL AIRLESS PACKAGING MARKET BY REGION, Market Size in USD Million (2019–2027)
10 Competitive Landscape
11 Company Profiles
12 Appendix
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