Airless Packaging Market Research Report- Forecast till 2023
Refillable Airless Packaging Market Highlights
The airless packaging market 2020 is expected to witness steady growth owing to proliferating applications. Airless packaging is useful in elongating the lifespan of products by avoiding the entry of atmospheric air into the packages. It prevents, or delays, the contamination of the packaged products. In an observation offered by Market Research Future MRFR, the global refillable airless packaging market is presumed to mark 4.53% CAGR across the review period 2018 to 2025. It also unravels that the valuation of the revenue earned is likely to reach USD 5658.3 Mn by the end of 2025.
Airless beauty packaging has gained quick mileage over years. The growth of the personal care industry can be accredited the growth of the market. It is anticipated to continue the influence on the growth of the market in the foreseeable future. In addition, the factors that are expected to boost the expansion of the personal care industry, such as rising women working population, increasing per capita income, rising standards of living, etc., are also supposed to augment the airless packaging market in the foreseeable future.
Refillable airless packaging has gained popularity among the consumers. End- use industry leaders are focusing on the use of packaging that can be refilled. It helps in the repurchase of the product and is also economical in nature. Thus, it is anticipated to gain traction and support the proliferation of the airless packaging market in the coming years. Food & beverage industry is supposed to contribute extensively to market growth owing to its rapid expansion. Increasing demand for packaged food is likely to influence the market positively as this type of packaging facilitates the extension of the lifespan of food products. The growing demand for frozen food products, dairy products, and beverages are the main factors supposed to expand the airless packaging market in the upcoming years.
Based on material, the airless packaging market has been segmented into glass, plastic, and others.
The segments of the airless packaging market, on the basis of packaging type, are bottles & jars, bags & pouches and tubes.
By, dispenser type, the airless packaging market has been segmented into dropper, pumps, and and twist & click.
On the basis of end-use, airless packaging market has been segmented into personal care & home care, pharmaceutical and food & beverages.
The regional evaluation of the global airless packaging market covered in this report profiles the following segments – North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW). These regional segments are analyzed at the level of countries. The region and country based analysis if the market provides a comprehensive view of the airless packaging market. Europe, led by Germany, is expected to lead the market. The growth of the plastic industry in the region is expected to bear a positive impact on the growth of the airless packaging market. Also, the innovation of eco-friendly packaging materials is prognosticated to drive the expansion of the airless packaging market in the foreseeable future. North America is also a key market and is assessed to secure the second position in the global airless packaging market. Implementation of strict laws in the food & beverage industry for the maintenance of the integrity of food products is poised to impact the airless packaging market positively.
Fusion PKG (Texas), HCP Packaging (Shanghai), Lumson S.p.An (Italy), APC Packaging (Florida), Aptar Group, INC. (US) Silgan Holdings Inc (US), Quadpack (Spain) and Albea S.A.(France) are some of the prime players of the global airless packaging market. Fusion Packaging is one of the most innovative players of the market and is expected to spur competitiveness through its product launches and development of product portfolio.
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Global Airless Packaging Market: Information by Material (plastic, glass, and others), Packaging Type (bottles & jars, bags & pouches and tubes), Dispenser Type (pumps, dropper, and twist & click), End-Use (personal care & home care, pharmaceutical and food & beverages) and Region (North America, Europe, Asia-Pacific, Rest of the World) – Forecast to 2025
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