Global Airless Packaging Market- WishTree Insight

Global Airless Packaging Market by Product Type (Tubes, Bottles, Bags & Pouches, Jars), Application (Pharmaceuticals, Pet Care, Personal Care & Cosmetics, Home Care), and Regions, (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Airless Packaging market size was valued at USD 5.6 billion in 2022 and is expected to surpass USD 9.5 billion by 2032, expanding at a CAGR of 5.4 % during the forecast period, 2022–2032. The market's growth is attributed to the growing demand for premium cosmetics products globally.

INTRODUCTION

Airless packaging refers to a type of packaging that is designed to keep air from entering the container, thus preventing the product from being exposed to air and potentially becoming contaminated or spoiled. Airless packaging is commonly used in the cosmetics and skincare industries, as well as for pharmaceuticals and food products.

The most common form of airless packaging is a tube or bottle that uses a pump to dispense the product. The pump mechanism creates a vacuum that pulls the product up and out of the container, without allowing air to enter. This type of packaging is particularly useful for products that contain active ingredients that are sensitive to air and light, such as vitamins, antioxidants, and peptides.

Airless packaging can also extend the shelf life of products, as it helps to preserve the quality and effectiveness of the product over time. Additionally, airless packaging can reduce waste by allowing consumers to use the entire contents of the container, rather than leaving some behind due to air exposure.

Market Trends, Drivers, Restraints, and Opportunities

• Technological advancements are creating innovative packaging solutions in the market and are expected to drive the market growth.
• Changing consumer preferences, technological advancements, and regulatory requirements are driving the market growth.
• A rising focus on developing innovative solutions in the global packaging market is expected to propel the market.
• Rising demand for hygienic solutions for packaging is driving the market growth.
• Compatibility with multiple products is considered a restraining factor in the market.
• Rising demand for alternative solutions for plastic packaging will create opportunities in the market.
• Government regulations and initiatives to reduce packaging waste are expected to create significant opportunities in the market.
• The global shift towards environment-friendly & sustainable packaging solutions is expected to create lucrative opportunities in the market.

Scope of the Report

Market Segment Insights

The bottles segment is projected to register a considerable CAGR

Based on product type, the airless packaging market is divided into tubes, bottles, bags & pouches, and jars. The bottle segment is expected to expand rapidly during the forecast period due to the versatility offered by bottles. However, the jar segment is anticipated to hold a key share of the market in the coming years owing to its aesthetic appeal, reusability, and durability.

The personal care & cosmetics segment is expected to expand at a rapid pace

Based on application, the airless packaging market is divided into pharmaceuticals, pet care, personal care & cosmetics, and home care. The personal care & cosmetics segment is expected to expand rapidly during the forecast period due to rising consumption of personal care products & premium cosmetics. However, the pharmaceutical segment is expected to propel the market in the projected period due to the rising demand for innovative packaging from the industry.

Europe dominates the market with a large share

In terms of regions, the airless packaging market is classified as APAC, Europe, North America, and LAMEA. The market of Europe dominates the market with a large share and is expected to constitute a key share of the market during the projected period owing to rising environmental concerns & focus on sustainable airless packaging. However, the market of North America is anticipated to expand at a rapid pace during the forecast period owing to the rapidly increasing personal care & beauty industry. Moreover, Asia Pacific is anticipated to dominate the market in the projected period due to rising middle-class population and high demand for premium cosmetic products.

Competitive Landscape

Key players competing in the airless packaging market are Quadpack Industries; HCP Packaging, Inc.; Silgan Holdings Inc; Aptar Group, Inc.

FAQs

How much is the market worth?

The Airless Packaging market size was valued at USD 5.6 billion in 2022 and is expected to surpass USD 9.5 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 5.4%.

What are the key drivers of the market?

The market's growth is attributed to the growing demand for premium cosmetics products globally.

What segments are covered in the Airless Packaging report?

The segments covered in the report are product type (tubes, bottles, bags & pouches, jars), application (pharmaceuticals, pet care, personal care & cosmetics, home care).

Mention which region is expected to hold the highest share of the Airless Packaging market.

The Europe region is expected to hold the highest share of the Airless Packaging market.

Mention the key players in the market.

Quadpack Industries; HCP Packaging, Inc.; Silgan Holdings Inc; Aptar Group, Inc.