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Written by amelia jems » Updated on: November 04th, 2024
The global airless packaging market was valued at USD 7.50 billion in 2022 and is projected to grow from USD 7.96 billion in 2023 to USD 12.45 billion by 2030, reflecting a compound annual growth rate (CAGR) of 6.60% during the forecast period.
Airless packaging solutions are designed to prevent the product inside from coming into contact with air, providing benefits such as extended shelf life and improved functionality. This market growth is largely driven by increasing global sales of cosmetic products and the rising demand for natural skincare items.
This data is presented by Fortune Business Insights™ in its report titled, “Airless Packaging Market, 2023-2030.”
List of Key Players Mentioned in the Report:
Segmentation:
Plastic Segment Leads the Market Owing to Various Benefits Offered by the Material
By material, the market is fragmented into glass, plastic, aluminum, and others. The plastic segment dominates the market due to the high demand for the material. Plastic solutions offer excellent protection, helping the prevention of spoilage, leakage, and contamination of a product.
Bottles & Jars Segment Holds Major Share Due to Escalating Product Deployment
Based on product type, the market is segmented into tubes, bottles & jars, and others. The bottles & jars segment registers a key market share. This is due to the rising deployment of the product owing to the availability of various customized options.
Personal Care & Cosmetics Segment Registers Key Share Owing to Growing Product Usage to Increase Shelf Life of Cosmetics
On the basis of application, the market is fragmented into food & beverages, pharmaceuticals, personal care & cosmetics, and others. The personal care & cosmetics segment accounts for a leading market share. The product usage helps increase the shelf life of cosmetic products, which is a major factor driving segment growth.
Based on geography, the market for airless packaging has been studied across North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa.
Report Coverage:
The report gives an account of the major trends in the global market. An analysis of the industry on the basis of various segments has also been presented in the report. The market has been studied based on material, product type, application, and geography.
Drivers and Restraints:
Market Value to Surge with Growing Demand for Cosmetic Products
The escalating cosmetic product demand has led to an increased demand for sustainable packaging solutions among manufacturers. Some of the products requiring effective packaging comprise skin care creams, serums, foundations, moisturizers, and anti-ageing products. These factors are poised to drive the airless packaging market growth.
Nonetheless, the fluctuating prices of raw materials may hinder the industry's expansion to a certain extent.
Regional Insights:
Europe Dominates the Market Due to Expanding Beauty Industry
Europe accounts for a dominating market share. In 2022, the market size in the region stood at USD 2.36 billion. The regional growth can be attributed to the presence of key manufacturing companies and the expanding beauty sector.
Latin America is the fastest-growing regional market. The regional airless packaging market share is set to expand, driven by the soaring airless technology demand from food & beverage manufacturers.
Source: https://www.fortunebusinessinsights.com/airless-packaging-market-106855
Competitive Landscape:
Companies Launch Advanced Products to Increase Customer Base
Major industry players are centered on the development and launch of advanced products. These initiatives are being deployed to expand their clientele base. Some of the leading industry players comprise Silgan Holdings Inc., AptarGroup, Inc., APackaging Group, and others.
Key Industry Development:
October 2023 – Pinard Beauty Pack and Aptar Beauty jointly unveiled the Future Airless PET, an omnichannel and fully recyclable airless packaging solution. The product is anticipated to be launched in mid-2024.
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