The global market for airless packaging is anticipated to reach US$ 5.7 billion in 2022 and grow at a CAGR of 4.8% from 2022 to 2032. By 2032, the market is expected to reach US$ 9.0 billion. The top 3 nations are predicted to occupy roughly 41% of the global market share for airless packaging by the end of 2022, as the industry is expected to expand.
Due to its advantages including high durability, lightweight, barrier resistance, and cost-effectiveness, the plastic airless packaging sector is anticipated to account for a sizable share of the worldwide airless packaging market. During the projected period, the segment is anticipated to generate an absolute dollar opportunity.
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According to a research by FMI, the global market for airless packaging will reach US$5.4 billion in 2021. It is anticipated that the market for airless packaging would grow, with the top 5 businesses expected to control between 15% and 20% of it by the end of 2022.
The market for airless packaging is anticipated to expand quickly during the anticipated time frame. According to FMI, the sale of airless packaging is expected to increase between 2022 and 2032, opening up a lucrative US$ 3.6 billion market for expansion.
Sales of airless packaging are anticipated to increase as there is an increase in demand from many cosmetic brands. Thus, from 2022 to 2032, the airless packaging industry is anticipated to develop at a rate that is 1.7 times the market value.
“Surging virtual transactions concerning cosmetics is leading airless packaging producers to provide safe packaging solutions to avert any damage amid transit,” states the FMI analyst.
Airless Packaging Market- Important Highlights
- Plastic airless packaging material will be a key beneficiary, followed by glass material over the assessment period.
- Bottles & jars are majorly preferred packaging type among several cosmetic manufacturers, followed by airless pump tubes.
- Demand for a cosmetic product is higher in Europe, thus complementing the demand for airless packaging in contrast to North America.
Airless Packaging Market – Drivers
- Growth in the up-gradation of product portfolios has boosted the requirement for efficient packaging solutions such as airless packaging to maintain product integrity.
- Market players are exploring various innovative packaging solutions by integrating several materials such as glass, high-density plastics, and other environment-friendly material to draw potential clients.
Airless Packaging Market – Restraints
- Decreasing demand for luxurious products owing to shifting earnings pattern is likely to negatively influence the market.
- Several personal care producers are opting for low-cost packaging over airless packaging, which, consecutively, will hinder the market growth.
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COVID-19 Impact on Airless Packaging Market
The COVID-19 pandemic has impacted the airless packaging market, although at a moderate level. As conventional brick & mortar cosmetics sales have immersed, customers are depending on e-commerce channels to buy their products. This is assisting in sustaining the demand in the market. Post-crisis, however, market growth is likely to be reinstated to its normal trajectory, counterbalancing all shortfalls and disruptions.
Competitive Landscape
The global market is inclusive of several small-scale and reputed participants, rendering it considerably fragmented in nature. Several strategies, ranging from pricing, product differentiation, collaborations, and product customization, are deployed by these participants to boost their presence. Product development stays the cornerstone of all the participants’ prime growth strategies, therefore escalating market competition. Major participants identified in the market include Aptar Group Inc., Silgan Holdings Inc., Albea Beauty Holdings S.A, HCP Packaging, Libo Cosmetics Company, LUMSON SPA, Quadpack Industries, Fusion Packaging, WestRock Company, Raepak Ltd., ABC Packaging Ltd., Eastar Cosmetic Packaging, COSME Packaging, Cospack America Corp. and Andler Packaging Group.
About the Study
The study offers readers a comprehensive assessment of the Airless Packaging market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights according to packaging type (bottles & jars, bags & pouches, tubes and others), material (plastic, glass and others) and dispenser type (pumps, dropper and twist & clicks), and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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Transport Cases & Boxes Market
The widespread use of packaging materials is expected to drive market trends: FMI Predicts a growth rate of 3.5% over the forecast period
Airless Packaging Market Outlook by Category
By Packaging Type:
- Bottles
- Jars
- Tubes
By Material:
- Plastic
- Glass
By Dispensing Systems:
- Pumps
- Dropper
- Twist & Clicks
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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