PUBLISHER: Allied Market Research | PRODUCT CODE: 1344271
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344271
According to a new report published by Allied Market Research, titled, "Airless Packaging Market," The airless packaging market was valued at $4.9 billion in 2020, and is estimated to reach $8.7 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032.
Factors such as increase in cosmetics products, rise in sales of homecare products, rise in demand for high end products, and surge in demand for high-quality products propel the demand for airless packaging products. Moreover, low wastage and less contamination attributes of airless packaging stimulate the growth of the global airless packaging market. In addition, government regulations to reduce pollutants and increase in awareness about natural and organic products have supplemented the expansion of the airless packaging market. However, high cost of manufacturing these products is a major challenge faced by the players operating in the industry. Growing demand for innovative and new design options and rise in inclination towards green products offer promising opportunities for players in the airless packaging market. Moreover, increase in demand for Halal certified products provides lucrative business opportunities to the players.
The growing beauty and personal care industry is expected to boost the demand for airless packaging, thus driving the growth of the market. The demand for premium skincare, cosmetics, and hair care products is rising owing to its various features such as enhanced product protection, longer shelf life, and improved dispensing is fueling the growth of the market. In addition, increase in focus on sustainability and environmentally friendly packaging solutions provides growth to the airless packaging market. Airless packaging addresses these concerns by reducing product waste, allowing for complete product evacuation and minimizing the need for preservatives. As consumers become more environmentally conscious, demand for sustainable packaging options such as airless packaging is expected to increase during the forecast period.
Factors such as need for better packaging and increase in adoption of airless packaging technology drive the market growth, as airless packaging facilitates low wastage of the product. Moreover, the shelf life of the product drastically increases with the use of airless packaging. Airless packaging solutions are designed to be reusable, refillable or recyclable and contribute towards the sustainability. In addition, the growing demand for sustainable packaging solutions creates a significant demand for airless packaging.
The airless packaging market is segmented on the basis of packaging type, material type, end user, and region. By packaging type, the market is categorized into bags & pouches, bottles & jars, tubes, and others, which includes airless compacts, airless syringes, airless pens, and airless droppers. On the basis of material type, it is divided into plastic, glass, and others. On the basis of end user, it is divided into personal care, healthcare, home care, and food & beverages. Region-wise, the market is analyzed across the North America, Europe, Asia-Pacific and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch and product development to strengthen their market outreach and sustain the stiff competition in the market.
Key companies profiled in the airless packaging market report include: ABC Packaging Ltd., Albea, Aptar Group, Inc., A Packaging Group, Cosme Packaging, HCP Packaging, Libo Cosmetics Company, Ltd., Lumson SPA, Quadpack Industries, and Silgan Dispensing Systems.