Global Airless Packaging Market Research Report- Forecast till 2025
The Airless packaging market is estimated to expand globally at 4.53% CAGR during the forecast period. Airless packaging is intended to avoid atmospheric air contact with the formulation inside and product contamination. The air packaging products are used in food and beverages, personal care, home care, and pharmaceutical. The global airless packaging market is forecasted to witness significant growth until the end of 2025. The rising demand for superior products and consumption and reduced wastage of products are prime factors causing growth of the global market. The expending use of dispensing pumps that are manufactured using plastic and glass has set up the demand for airless packaging for sensitive products in pharmaceutical and cosmetics sectors, with less wastage. In packaging industry, the zero wastage is a prominent factor to ensure minimum wastage of the original content.
The product costing of the raw materials is highly dependent on the availability, global and local demand and supply trends, and government supervision. The fluctuating consumption pattern because of specific economic indicators expect to enhance the growth of the packaging industry, leading to the use of airless packaging in food and beverages creating scope in the developing countries.
The Airless Packaging Market is segmented by Material, Packaging Type, Dispenser Type, and End-Use. Based on material, the airless packaging market is segmented into plastic, glass, and others. The packaging type segment, bottles & jars, led the global airless packaging market as they involve a primary use in airless bottle packaging.
By dispenser type segment airless packaging, the pumps segment led the market followed by, dropper and then twist & click segments.
On the basis of end-use segment, the global market for airless packaging is categorised as personal care & home care, pharmaceutical, and food & beverages. The personal care & home care segment anticipated for the larger market share as the products are created with different shapes, and in different sizes, to suit the customer requirements driving the demand for airless packaging.
The Global Market for airless packaging is spread across North America, Europe, Asia-Pacific (APAC), and the rest of the world. Europe is expected to dominate the airless packaging during research period, followed by North America. Europe is anticipated to witness high rise in the plastic material segment with a sustainable approach. Germany leads the packaging market in Europe.
The second-largest share of the airless packaging market was held by North America in 2018. The market in North America is rode to witness high rise due to the strict food safety policies in the US and Canada, which is expected to increase the demand for airless packaging. The immense growth of the pharmaceutical industry is also expected to add to the demand for airless packaging in the region.
Major industry Players
The leading Participants of the Global Airless Packaging Market are HCP Packaging (Shanghai), Fusion PKG (Texas), Lumson S.p.An (Italy), APC Packaging (Florida), Aptar Group, INC.(US), Silgan Holdings Inc (US), Quadpack (Spain) and Albea S.A.(France).
In September 2019 Quadpack accomplished the cosmetics packaging operations and the commercial rights to the patented bi-injection blow molding (BIBM) process of German plastic parts manufacturer Inotech.
In August 2017, HCP Packaging accomplished a complete share in RUSI Cosmetic GmbH & Co. KG, a cosmetic packaging solution provider. The acquisition strengthens the manufacturing capability of the company in Europe and provides opportunities to expand.