Overview
The Global Airless Packaging Market projected to have the ability to reach a final market value worth USD 8.51 billion by the end of 2028, registering a CAGR of 6.17% during the forecast period. The report provides insights into the segmentation and market dynamics for a better glimpse of the market in the coming years. Airless packaging a liquid dispensing packaging that prevents normal atmospheric air from coming in contact with the formulation inside. Such packaging products are mainly used to avoid product contamination.
Competitive Analysis
Prominent players profiled in the airless cosmetic packaging are Aptar Group, INC. (US), SilganHoldings Inc (US), Quadpack (Spain), Albea S.A. (France), Fusion PKG (Texas), HCP Packaging (Shanghai), Lumson S.p.An (Italy), and APC Packaging (Florida).
Acquisitions mergers and collaborations are some of the strategies that these companies have adopted to stay ahead of their peers.
In August 2018, AptarGroup, Inc. acquired CSP Technologies a leader in active packaging technology based on proprietary material science expertise for the pharma and food service markets.
The company aims to grow CSP Technologies’ existing business in the pharma and food safety markets and leverage their active packaging and material science in other end markets.
In September 2019, Quadpack acquired the cosmetics packaging operations and the commercial rights to the patented bi-injection blow molding (BIBM) process of German plastic parts manufacturer, Inotech.
The companies will use the BIBM technique to jointly research and develop new beauty packaging solutions.
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Segmental Analysis
The Global Airless Packaging Market Share by Company is segmented based on material, Packaging Type, Dispenser Type and End-Use.
By material, the plastics segment dominated the global market as they create aesthetically appealing packages, helping in the promotion and marketing of the airless packaged cosmetic products. The plastic airless packaging bottles provide tight seals, which prolong the life of the products.
Based on packaging type, the global airless packaging market is divided into bottles jars, bags pouches, tubes, and others. The bottles and jars are available in attractive styles and colors and usually have a lock and twist action of pump. The cosmetic industries, which involve a primary use of airless bottle packaging, impact their growth. Luxury brands maximizing their use of airless bottles to improve the aesthetic appeal of the product drive the growth of the bottles jars segment.
Based on dispenser type, the market is segmented as pumps, dropper and twist click. A pump dispenser holding the highest market share is used on airless containers for dispensing liquid and semi-liquid products is primarily used for dispenser systems in airless packaging.
Regional Analysis
The geographic analysis of the Global Airless Packaging Market spans across North America, Europe, Asia-Pacific (APAC) and the rest of the world. In 2018, Europe was the leading market with a market valuation of USD 1,443.3 Million. The value of the regional market is expected to reach USD1,920.4 Million by 2025, with an impressive 4.26% CAGR during the forecast period.
Europe is also the fastest-growing region in the global airless packaging market, with Germany, France, the UK, Italy being the major markets. The region is the home to several luxurious cosmetic brands, which supports the growth of the market for airless packaging. Also, the growing demand for sustainable packaging products in the food beverage industry is leading to the escalation in demand for eco-friendly storage and airless packaging solutions in the region.
In 2018, North America held the second largest share of the airless packaging market.
The market is expecting significant growth due to witnessed increased investments in RD and growing focus on incorporating innovation in packaging methods in region. Such factors are expected to increase the market share of the region during the forecast period. In 2018, the regional market was valued at USD 1,211.7 million, which is expected to reach USD 1,588.3 million by 2025 with a 4.04% CAGR during the forecast period.
The growing personal care home care industry along with the rising demand for plastic material, bottles jars packaging and pump dispensers are anticipated to raise the demand for airless packaging in the region.
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