Airless Packaging Market Size to Hit US$ 8.1 Billion, at a CAGR 5.5% by 2030 | Coherent Market Insights
According to Coherent Market Insights, the global Airless Packaging Market size is projected to grow from USD 5.8 Billion in 2022 to US$ 8.1 Billion in 2030 at CAGR of 5.5% during forecast period.
Burlingame, Sept. 08, 2023 (GLOBE NEWSWIRE) — The global Airless Packaging Market size was valued at US$ 5.8 Billion in 2022, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030, according to a new study conducted by Coherent Market Insights, Inc. Airless packaging is a type of packaging technology that is designed to protect the integrity of various products, such as pharmaceuticals, cosmetics, personal care products, and food items. Airless packaging technology uses a vacuum-based system to distribute the contents, make sure the minimal air exposure and hence increasing the shelf life of the product.
Key Industry Insights & Findings from the report:
In December 2021, Qosmedix has expanded its extensive collection of stock airless packaging. New to the lineup is a 1 oz., 30 ml, 50% PCR White Jar with 50% PCR Airless Pumps and Clear Overcaps.
In May 2022, Baralan has launched a new series of glass airless containers called DEA, which stands for Developing the Evolution of Airless. Unlike other airless systems, DEA has no internal plastic container, making it the first airless system in which the filled product is directly in contact with its glass container.
Global airless packaging market is expected to exhibit a CAGR of 5.5% during the forecast period, owing to growing technological advancement, increasing demand from pharmaceutical and cosmetic industry.
On the basis of Packaging Type, Bags & Pouches segment is expected to hold a dominant position, owing to the fact that they are durable and stylish bag in bottle airless packaging solution.
On the basis of Material Type, Glass segment is expected to hold a dominant position, owing to the growing demand for bag in bottle with high-quality glass casing packaging technology
On the basis of Dispenser Type, Pumps segment is expected to hold a dominant position, as they are easy to use and reduce wastage.
On the basis of End-use, Personal Care segment is expected to hold a dominant position, owing to the fact that airless packaging are widely used in personal care industry to increase the shelf-life of products and prevent containimination of products
On the basis of region, Europe is expected to hold a dominant position over the forecast period, due to high adoption of airless packaging technology in cosmetic and personal care industry.
Read full market research report, “Airless Packaging Market, by Packaging Type (Bottles & Jars, Bags & Pouches, Tubes, Others), by Material Type (Plastics, Glass, Others), by End-use and by Geography, Market Size & Share Analysis – Growth Trends & Forecasts, 2022-2030“, published by Coherent Market Insights.
Airless Packaging Market Scope:
|Forecast Period 2023 to 2030 CAGR||5.5%|
|2030 Value Projection||USD 8.1 billion|
|Market Size in 2022||USD 5.8 billion|
|Historical Data for||2017-2020|
|No. of Pages||120|
|Segments covered||By Packaging Type, By Material Type, By Dispenser Type, By End-use|
|Growth Drivers||Rising demand of Airless Packaing for the extended shelf life of products especially in the food & beverages and personal care industries is estimated to augment the market growth of airless packaging.|
|Companies covered:||Aptar Group, Inc., Albéa Beauty Holdings S.A., LUMSON SPA, HCP Packaging, Quadpack Industries, Libo Cosmetics Company, Ltd., Fusion Packaging, WestRock, and ABC Packaging Ltd.|
Key Trends and Analysis of the Global Airless Packaging Market:
Growing trend of go green due to rising environmental concerns is expected to foster the market growth. Various manufacturers in the market are adopting airless packaging especially in cosmetic and packaging industry as airless packaging is recyclable and also reduce waste. Hence, growing focus on eco-friendly packaging solution and zero or minimal wastage of products in order to reduce the environmental impact is propelling market growth.
Growing demand from pharmaceutical industry to augment market growth
In the pharmaceutical and healthcare industry, airless packaging is widely used to safeguard the sterility and integrity of products. It is commonly adopted for packaging sensitive medical devices and medications. Increasing investment in pharmaceutical industry is also expected to fuel the airless packaging market growth.
Shifting prefrences towards flexible airless packaging from rigid packaging is expected to uplift market growth
Owing to excellent properties of airless packaging such as extending product shelf life, exceptional barrier properties, convenience at use, softness, and flexibility, various manufacturers in the market are shifting towards flexible airless packaging solution. Moreover, airless packaging solutions are low-cost as compared to rigid packaging. This is another key factor boosting market growth.
High cost of packaging machinery to hamper market growth
The initial cost of packaging machinery of airless packaging is comparatively high (approximately US$ 3 billion). This refrain medium size companies to adopt this packaging solution, thus restricting market growth.
Advent of new product in the market due to ongoing technological advancement is expected to provide significant market growth opportunities
Key players in the market are introducing new product with improved properties in order to meet the growing demand is projected to bring bright market opportunities. For instance, in June 2023, Lumson has launched XPaper, paper airless packaging with a multi-layer pouch that protects formulas from contamination. The design allows for the packaging’s plastic components to be separated from the paper components to simplify recycling and material recovery once a product is finished.
- Global Airless Packaging Market, By Packaging Type:
- Bottles & Jars
- Bags & Pouches
- Global Airless Packaging Market, By Material Type:
- Global Airless Packaging Market, By Dispenser Type:
- Twist & Click
- Global Airless Packaging Market, By End-use:
- Personal Care
- Skin Care
- Hair Care
- Baby Care
- Home Care
- Health Care
- Personal Care
- Global Airless Packaging Market, By Region:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- North America
- Aptar Group Inc.
- Albéa Beauty Holdings S.A.
- LUMSON SPA
- HCP Packaging
- Quadpack Industries
- Libo Cosmetics Company Ltd.
- Fusion Packaging
- ABC Packaging Ltd.
Related Market Intelligence Reports:
Packaging Design Services Market Size & Share Analysis – Growth Trends And Forecasts (2023 – 2030)
Memory Packaging Market Size & Share Analysis – Growth Trends And Forecasts (2023 – 2030)
Botanical Packaging Market Size & Share Analysis – Growth Trends And Forecasts (2023 – 2030)
Browse through Coherent Market Insights Packaging Research Reports.
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Follow Us: LinkedIn | Twitter
CONTACT: Mr. Shah Senior Client Partner – Business Development Coherent Market Insights Phone: US: +1-206-701-6702 UK: +44-020-8133-4027 Japan: +81-050-5539-1737 India: +91-848-285-0837 Email: [email protected] Website: https://www.coherentmarketinsights.com
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. AfternoonHeadlines.com takes no editorial responsibility for the same.