Newark, May 03, 2022 (GLOBE NEWSWIRE) — According to report published by The Brainy Insights, the global airless packaging market is expected to grow from $5.89 billion in 2021 to $10.02 billion by 2030, with a CAGR of 6.09% over the forecast period 2022-2030.
The international demand for high-end cosmetic products such as natural skincare creams, serums, foundations and others is expected to increase the demand from the airless packaging industry during the projection period.
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Additionally, growing awareness of safe and premium food packaging solutions in developing countries is driving the growth of the market. Moreover, increasing demand for premium products and reduction in product waste are also helping to drive the growth of the market. However, the high initial investment price of airless packaging is the factor restraining the growth of the market. Also, rapid technological improvements and increase in R&D activities to underestimate the overall price of production and machinery are opportunities for market growth. Higher installation prices and frequent maintenance of packaging machines are challenging factors for market growth.
To strengthen their position in the global airless packaging market, the major players are now focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations and partnerships.
• For example, in September 2019, Quadpack Industries acquired the BIBM process patent for cosmetic packaging and commercial rights.
• For example, in November 2020, East Hill Industries launched premium double-walled airless bottles. The bottles are available in different sizes and colors, and the pump allows for localized application and extended shelf life. This product launch also helped increase the company’s revenue and sales.
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Market growth and trends
The growth of the airless packaging market is driven by increasing adoption of strategies by vendors, rising disposable income, and rising demand for packaged and ready-to-eat foods that are helping to drive the growth of the market. Additionally, the growing trend of manufacturers to introduce innovation in airless packaging solution is the growth trend of the market. However, the various product innovations such as the development of sustainable airless packaging solutions made from recyclable materials are also driving the market growth over the forecast period. Additionally, changing manufacturer preferences from rigid airless packaging to flexible packaging due to superior properties such as extension of product shelf life, exceptional barrier properties, convenience of softness, use and flexibility are also helping to drive the growth of the market over the forecast period.
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• In 2021, plastic type segment dominated the market with the largest market share of 40.23% and revenue of 2.36 billion.
The Material Type segment is divided into Glass, Plastic and Others. In 2021, the plastic type segment dominated the market with the largest market share of 40.23% and revenue of 2.36 billion. This growth is attributed to improved demand for plastics in packaging solutions in businesses such as food, chemicals and personal care products.
• In 2021, the bottle and jar packaging type segment dominated the market with the largest market share of 31.11% and revenue of 1.83 billion.
The packaging type segment is divided into bottles and jars, tubes, bags and sachets and others. In 2021, the bottle and jar packaging type segment dominated the market with the largest market share of 31.11% and revenue of 1.83 billion. Plastic materials are increasingly demanded by various end-user companies, as plastic offers longer shelf life than other packaging materials. This factor is helping to drive the growth of the market segment. Moreover, by 2030, bag and pouch packaging type segment is likely to dominate the market owing to the growing demand for portable, flexible and pocket-friendly products.
• In 2021, the personal care end-user segment dominated the market with the largest market share of 30.16% and revenue of 1.77 billion.
The end-user segment is divided into healthcare, food and beverage, personal care, and home care. In 2021, the personal care end-user segment dominated the market with the largest market share of 30.16% and revenue of 1.77 billion. Airless or vacuum tubes, bottles, jars and pouches are used in the personal care industry to package semi-solid forms such as pastes, lotions, ointments, creams and gels. This factor helps drive the growth of the segment.
Regional Segment Analysis of Airless Packaging Market:
• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, rest of APAC)
• South America (Brazil and rest of South America)
• Middle East and Africa (UAE, South Africa, Rest of MEA)
The Europe region has emerged as the largest market in the global airless packaging industry, with a market share of 45.21% and a market value of around 2.66 billion in 2021. Europe dominates currently in the airless packaging market due to growing demand from personal care companies. Additionally, growing awareness of environmentally friendly products is also helping to drive the growth of the region’s market. In addition, the Asia-Pacific region is expected to post the fastest CAGR of 10.02% over the projection period. This growth is attributed to the upsurge in demand in food and beverage businesses and rising income levels. Additionally, growing business expansion and rising urbanization in emerging economies like China and India are helping to drive the growth of the market over the forecast period.
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Key players operating in the global airless packaging market are
• Sonoco product company
• O.Berk Company LLC,
• HCT Group,
•Cospack America Corp.
• LUMSON SpA
• Silgan Holdings Inc.
• Viva Group
• AptarGroup, Inc.
• Tricor Brown
• East Hill Industries, LLC
• Amcor plc
• RPC Group Plc
• HCP packaging
• Ningbo Gidea Packaging Co., Ltd.
• BALLOON SOCIETY
• RAEPAK LTD
This study forecasts revenue at global, regional and country level from 2019 to 2030. The Brainy Insights has segmented the global airless packaging market based on the segments mentioned below:
Global Airless Packaging Market by Material Type:
Global Airless Packaging Market by Packaging Type:
• Bottles and jars
• Bags and pouches
Global Airless Packaging Market by End User:
• Health care
• Food and drinks
• Personal care
• Home Care
About the report:
The global airless packaging market is analyzed on the basis of value (USD billion). All segments have been analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each segment. The report offers an in-depth analysis of the drivers, opportunities, restraints and challenges to obtain key market insights. The study includes Porter’s Five Forces Model, Attractiveness Analysis, Commodity Analysis, Supply, Demand Analysis, Competitor Position Grid Analysis, analysis of distribution and marketing channels.
About The Brainy Insights:
The Brainy Insights is a market research company, aiming to provide businesses with actionable insights through data analytics to improve their business acumen. We have a robust forecasting and estimating model to meet customers’ high-quality production goals in a short period of time. We provide custom (customer specific) and syndicated reports. Our union reporting repository is diverse across all domain categories and subcategories. Our customized solutions are designed to meet customer requirements, whether they are looking to expand or planning to launch a new product in the global market.
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