The Global Airless Packaging Market- Growth, COVID-19 impact and Forecast (2021-2025)
The Airless Packaging market is segmented by Material Type (Glass, Plastic, and Metal); product type (Bottle and Jars, Bags and Pouches, Tubes); Application (Personal and Home care, Pharmaceutical, Pet care, and Others); Geography (North America, Europe, APAC and ROW).
Introduction
Airless packaging is a non-pressurized dispensing system that involves removing air from the packaging of the product to prevent contamination of the contents. It is also referred as vacuum packaging.
The airless packaging is designed to keep the product dry for longer duration of time. The applications in which airless packaging is used are food and beverages, personal and home care, health and among others.
Significant growth in the cosmetic and skincare industries across the globe is one of the key drivers of the market. However, Strengthening the government regulations regarding the airless packaging materials used for packing premium cosmetic products is hampering the growth of the market.
Despite the current pandemic situation, the end-users of this market is recovering to operate in full capacities from 2021 beginning. Along with this, the recovering manufacturing activities across the globe are expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6.Five Force analysis
7.Market Sizing
8.Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10.Growth drivers
10.1 Increasing consumer preference for premium-range products
10.2 Growing demand from food and beverages sectors
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 AptarGroup
15.2 Silgan Holdings
15.3 Quadpack
15.4 ALBEA
15.5 HCP Packaging
15.6 Libo Cosmetics Company
15.7 Lumson
15.8 Raepak
15.9 Fusion Packaging
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
The global Airless packaging market is expected to grow to $6.80 billion by 2025.
Growth momentum is expected to accelerate during the forecast period with a 5.72% CAGR.
Increasing demand for the food and beverages sector is the driving factor for the market growth.
Europe is a prominent regional market owing to the high demand for premium cosmetics coupled with a strong presence of cosmetics manufacturing companies.
Key Trends
Various product innovations, such as the development of sustainable airless packaging solutions manufactured using recyclable materials, are expected to fuel the demand.
The growing demand for premium cosmetic products globally is expected to drive market demand in future
Key Market Players
Some of the key players in the market are AptarGroup, Silgan Holdings, Quadpack. ALBEA, HCP Packaging, Libo Cosmetics Company.
Various companies in this market are adopting various strategies regarding product development & differentiation, pricing, brand, technology, and customized products to gain a competitive advantage.
Growth Drivers and Challenges
Increasing consumer preference for premium-range products is driving the market growth.
Significant growth in the cosmetic and skincare industries across the globe is one of the drivers of the market.
Growing demand from the food and beverages sector is a driving factor for the market growth.