ID: MRFR/PNT/3892-CR | December 2019 | Region: Global | 185 pages
The Airless Packaging Market was projected to have grown to a market value worth USD 5.47 billion during the historic forecast period that had ended in 2019. For the ongoing forecast period of 2021-2028, the global market has been projected to have the ability to reach a final market value worth USD 8.51 billion by the end of 2028, registering a CAGR of 6.17% during the forecast period.
Airless packaging is considered to be a packaging solution that has been designed in such a way that the packed product is safe from the impact of normal air by maintaining the quality and also, the shelf life of the packed product. The airless packaging is further, designed to keep the product dry and its authenticity for a longer duration of time. The applications in which airless packaging is used are inclusive of the food and beverages department, and others like personal and home care, health, amongst others. The most common type of material that is used in airless packaging is plastic and glass respectively.
After having a substantial negative impact on the airless packaging industry, as a part of the global market that has been suffering the impact of the pandemic, the businesses are coping up to survive the harsh losses incurred during the pandemic since 2019-2020. The industry players that are a part of the affected airless packaging market size are regaining a larger degree of momentum for their business operations. For instance, HCP Packaging, which is one of the leading Airless Packaging manufacturers entered into a commercial partnership agreement with PUM-TECH KOREA (PTK). The impact of the outbreak of COVID-19 is expected to introduce a slow down in the growth of the airless packaging industry mainly due to disruption that has been causing delays is attributed to several interrupting supply chains operations. The Airless Packaging manufacturers and the overall packaging industry are expected to be facing several challenges as a matter of fact that most of the end-use industries are expected to be left incomplete due to the supply chain disruptions, cash flow constraints, and further, resulted in production shutdown. The top market players in the Airless Packaging market are expected to continue to face a large volume of growth challenges in the next few quarters, considering the current production slowdown along with reduced demand.
Apart from the factors that have been discussed, consumer purchasing behavior is also likely to be expected to impact the overall Airless Packaging market. This is also because the target consumers are not willing to buy consumer products owing to disruptions in per capita incomes and fears of unemployment followed by the dangers that have been introduced by the decline in disposable income. Thus, the Airless Packaging industry buyers are expected to delay their purchasing decisions for as long as possible. This is leading to a pile-up of unsold stocks. Therefore, while having consideration of the Airless Packaging market in the present scenario, it is expected to register a stagnant growth rate in the next few quarters.
The Key Industry Participants of the Global Airless Packaging Market that are helping the market to enhance its size during the ongoing forecast period and hence, improve the chances of the market to reach a better revenue quantum are mentioned as follows:
The airless packaging market value is likely to be increasing in the forecast period in 2021-2028 owing to the rising demand for fresh and clean food items in the form of consumables. Also, the use of strong packaging materials is likely to help in promoting and developing other industries like cosmetics, as well.
Strengthening the degree of the prevalent government regulations regarding the airless packaging materials are being used for packing premium cosmetic products will restrict the airless packaging market from growing as per the fullest potential during the forecast period that will be ending in 2028.
Airless packaging is emerging as one of the most acceptable packaging ideas and approaches for various industries. Also, due to this, it acts as a driver for the airless packaging market trends growth during the period that ends in 2028. Airless packaging helps to protect the cosmetics products from saving the food items from harm like contamination and that is why airless bottles, jars, and tubes have become the most satisfactory packaging approaches for products related to healthcare and skincare. All the market features are acting as an opportunity for the growth of the airless packaging market especially during the ongoing forecast period that will be ending in 2028.
The Global Market for Airless Packaging share is likely to be increasing because of the performance of the market segments that will help meet the revenue expectations for the forecast period that will be ending in 2028. The global market has been segmented based on the material, Packaging Type, Dispenser Type, and End-Use.
The airless packaging market is segmented based on the material and includes plastic, glass, and others. The plastic segment had dominated the global market during the historic period that had ended in 2019 as they can be used to create appealing packages. The market segment is helping in the promotion activities and marketing of the airless packaged cosmetic products providing tight seals. Also, the high demand for plastic is attributed to its recyclability, the segment has been projected to be propelling high.
By packaging type segment
The bottles and jars, dominated the global market as they involve a primary use in airless bottle packaging leading to their increased growth impact.
By dispenser type
The airless packaging market has been segmented based on the pumps segment and the same segment had dominated the market followed by others like dropper and then twist and click segments.
The global airless packaging industry has been segmented based on the end-use and includes materials like personal care and home care, pharmaceutical, and food & beverages.
By, the airless packaging market has been segmented in regions like Asia-Pacific, Europe, North America, and the rest of the world. The European region is anticipated to lead the airless packaging market during the study period ending in 2028, followed by North America. Europe is likely to witness high growth in the plastic material segment. The region is expected to witness larger growth in terms of airless packaging solutions with a sustainable approach. Germany dominates the growth in the European market.
In 2018, the North American held the second-largest share of the airless packaging market. The market in North America is expected to witness high growth due to the emergence of factors like stringent food safety policies in places like the US and Canada. This is expected to increase the demand for airless packaging. Also, there has been a rapid growth of the pharmaceutical industry which is also expected to add to the demand for airless packaging in the region.
This airless packaging market report helps in providing details of the market share, new developments, and product pipeline analysis, followed by the impact of domestic and localised market players. The report also analyses opportunities in terms of emerging revenue pockets, and the prevalent changes in market regulations. The report covers the recent developments that talk about product approvals, strategic decisions, product launches, geographic expansions, and other technological innovations in the global market premises.
|CAGR||6.17% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Packaging Type, Dispenser Type, and End-use|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Fusion PKG (Texas), HCP Packaging (Shanghai), Lumson S.p.An (Italy), APC Packaging (Florida), Aptar Group, INC.(US), Silgan Holdings Inc (US), Quadpack (Spain) and Albea S.A.(France)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The growth rate of the airless packaging market is 6.17%.
Airless Packaging Market is projected to be worth USD 8.51 billion by 2030
The segments of the airless packaging market, by material, are plastic, glass, and others.
The plastic segment is assessed to dominate the airless packaging market.
The end-user segments are personal care & home care, food & beverages, and pharmaceutical.
The airless packaging market can be dominated by the personal care & home care segment.
The key participants are Fusion PKG (Texas), Quadpack (Spain), Lumson S.p.An (Italy), HCP Packaging (Shanghai), APC Packaging (Florida), Silgan Holdings Inc (US), Aptar Group, INC.(US), and Albea S.(France).