New York, October 04, 2021 (GLOBE NEWSWIRE) – Overview of the airless packaging market: According to a comprehensive research report from Market Research Future (MRFR), “Airless packaging market Research report, by material, packaging type, distributor type, end use and region – Forecast to 2027 “ The market size is expected to reach USD 8.51 billion by 2028, registering a CAGR of 6.17% during the forecast period (2021 – 2028)., The market was valued at USD 5.47 billion in 2021 .
Future’s Review Market Research of the Airless Packaging Market
The airless packaging contains the packaging of liquids in a bottle containing an airless pump. The need for unique packaging methods for organic skin care brands may drive its demand.
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The list of key companies in the global airless packaging market presented is –
- HCP packaging (Shanghai)
- PKG Merger (Texas)
- Quadpack (Spain)
- Lumson SpAn (Italy)
- APC packaging (Florida)
- Aptar Group
- Albea SA (France)
- Silgan Holdings Inc (United States)
Acquisitions are likely to be seen during the forecast period as the market seeks consolidation.
HCP Packaging has partnered with Pum-Tech Korea to strengthen its portfolio of airless packaging solutions in the form of vials, tubes, jars, droppers, pumps, compacts and more.
Browse the In-Depth (185 Pages) Airless Packaging Market Research Report
High-end cosmetic products to influence market demand
The huge market for high-end cosmetics is expected to drive the demand for airless packaging. Using sustainable approaches to packaging to eliminate the use of lubricants and innovate in manufacturing processes can boost its demand. Awareness of organic skin care products and its need for exfoliation may bode well for the market. This is supported by the growing number of working women and changing consumption patterns.
The long shelf life of products will be a major indicator
Manufacturers’ obsession with improving product shelf life as well as moving away from conventional solutions may drive demand for airless packaging solutions. Focusing on minimal product waste and the ability to extract excess liquid volume seamlessly can bode well for the market. Investments in R&D and strict food safety policies can influence market demand.
Commodity prices hamper market growth
The surge in commodity prices caused by crude oil may weigh on the market outlook. This is due to customer demand, supply chain constraints and government regulations. However, increasing the sustainable income levels of clients can propel the market growth.
COVID-19 impact assessment
The growth of the airless packaging market may face a downturn due to the COVID-19 pandemic due to disruptions in the supply chain. Manufacturers are awaiting instructions from governments to reopen manufacturing units and develop plans to work with delivery partners to launch products on time. Agreements and partnerships are expected to explode during the period.
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Plastics will generate significant income in the market
Plastic is expected to generate the highest revenue over the forecast period due to its recyclable nature, ability to seal solutions, and creation of attractive packaging. The development of various resins with similar characteristics to glass can stimulate the growth of the segment.
Bottles and jars will be the biggest product
Bottles and jars are expected to be the most important product in the airless packaging market due to the easy integration of airless mechanisms. High-end cosmetic and drug packaging can drive demand from customer segment.
Home and Personal Care Industry to Drive Market Revenue
The personal and home care industry is expected to occupy a huge share of the global airless packaging market due to the demand for customized containers to meet customers’ needs. Airless vials can extend the shelf life of formulations by preventing oxidation and isolating it from outside influences.
Demand for high-end cosmetics to drive demand from the European market
Europe is expected to be the leader in the global airless packaging market due to the huge potential of high-end cosmetics and the presence of cosmetic manufacturers. Efforts to tackle the challenges of packaging, increase sustainability, and ramp up innovation can drive the growth of the regional airless packaging market. For example, Baralan has developed an airless system in which the product is in contact with the glass and ensures the transparency of the solution.
North America will follow Europe in market demand
North America is expected to hold a significant market share due to sustainable goals and the integration of sustainable techniques by manufacturers to go green. Customer awareness and its impact on sales can boost airless packaging solutions. The expansion of the pharmaceutical sector and the distribution of deodorants and lotions can shape the industry.
Market segmentation covered by research:
Airless packaging market: information by material (plastic, glass and others), type of packaging (bottles and jars, bags and pouches and tubes), type of dispenser (pumps, dropper and Twist & Click), end use (personal care and home care, pharmaceuticals, food and beverage) and region (North America, Europe, Asia-Pacific, rest of the world) – Forecast to 2028
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