Airless Packaging Market Global Analysis, Challenges, Opportunities, Trends, Market Segments By 2023
Summary
Global Airless Packaging Market by Material Type (Plastic, Glass and Others), by Packaging Type (Bottles & Jars, Bags & Pouches, Tubes and Others), by Dispenser Type (Pumps, Dropper, and Twist & Click), by End-use (Personal Care, Healthcare, Homecare and Others) and by Region - Global Forecast to 2023
Global Airless Packaging Market Overview
An airless solution is a sort of packaging and dispensing system that uses the difference in environmental pressure to create a vacuum and hence, evacuate a product from a reservoir once a valve is opened. Market Research Future (MRFR) has published a research report on the Global Airless Packaging market that evaluates hike for this market at 5.5% CAGR (Compound Annual Growth Rate) between 2017 and 2023.
The primary factors strengthening the Global Airless Packaging market growth include growth in the cosmetic industry and no wastage of space as well as product material. The other important factors contributing to the market growth include an increase in awareness about high-quality premium products, an increase in shelf life of products, and minimal wastage of products.
Key Players
The key players in the Global Airless Packaging market include ABC Packaging Ltd. (UK), Albéa Beauty Holdings S.A. (France), AptarGroup Inc. (USA), Fusion Packaging (USA), HCP Packaging (UK), Libo Cosmetics Company Ltd. (Taiwan), Lumson SPA (Italy), Mondi (South Africa), Quadpack Industries (Spain), and WestRock (USA).
Regional Analysis
The regional segmentation of the Global Airless Packaging market has segmented the market into regional markets known as Asia Pacific, North America, Europe, and the rest of the world (RoW). In terms of demand, Europe is expected to remain the largest regional market during the forecast period. Due to high demand and rapid technological advancement, the presence of many key market players, and preference for eco-friendly packaging, the packaging industry (including Global Airless Packaging) remains strong in this region. In this region, the most important France, Germany, Italy, and the UK, followed by the remaining countries of Europe.
North America is another important regional market that is growing primarily due to the same reasons as in Europe, but also due to high demand in the USA. After the USA, Canada is the most important country-specific market in this region. Amazon has entered the skin care business with new brand Belei that is being packed in the airless pump top jar.
Segmentation
The Global Airless Packaging market has been segmented on the basis of dispenser type, end-use, material type, packaging type, and lastly, region. In the context of dispenser type, this market has been segmented into the dropper, pumps, and twist & click. In the next five years, pumps segment can the fastest-growing dispenser type. Based on end-users, the market has been segmented into healthcare, homecare, personal care, and others. During the forecast period, the personal care segment can be the fastest-growing segment due to the benefit like zero-wastage.
Based on the material type, the market has been segmented into glass, plastic, and others. By 2023, the plastic segment is expected to dominate the market because plastic is flexible, easy to use and it has elasticity. Plastic also offers comparatively longer storage life than other packaging materials. On the basis of packaging type, the market has been segmented into bags & pouches, bottles & jars, tubes, and others. Bottles & Jars segment can be the fastest growing market segment during the forecast period because they are ideal packaging type for all types of end-use applications.
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