Airless Packaging Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The airless packaging market size has grown strongly in recent years. It will grow from $5.41 billion in 2023 to $5.74 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to product preservation, consumer demand for natural products, technological advancements, regulatory standards, and environmental concerns.
The airless packaging market size is expected to see strong growth in the next few years. It will grow to $7.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rising consumer demand for preservative-free products, growth in the cosmetics and personal care industries, increased focus on product shelf life, advancements in packaging technology and sustainability, and environmental concerns. Major trends in the forecast period include sustainability and eco-friendly materials, premiumization and luxury appeal, personalization and customization, smart packaging integration and miniaturization, and travel-friendly sizes.
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Scope Of Airless Packaging Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Airless Packaging Market Overview
Market Drivers –
Rising demand in the food and beverage industry is expected to propel the growth of the airless packaging market going forward. The food and beverage industry encompasses the production, processing, distribution, and sale of edible goods and non-alcoholic drinks. The expansion of the food and beverage industry is driven by factors such as changing consumer preferences, population growth, globalization, and technological advancements. Airless packaging in the food and beverage industry extends product shelf life by preventing oxidation and contamination, ensuring fresher and safer consumption. This technology also enhances the preservation of flavor, nutrients, and the quality of perishable items. For instance, in May 2021, according to the Australian Bureau of Statistics, an Australia-based government statistical agency, sales of food and non-alcoholic beverages in Australia’s supermarkets, grocery stores, convenience stores, and specialty food stores amounted to 15.1 million metric tons in the fiscal year 2021–22, showing a surge compared to the 14.8 million metric tons sold in the preceding fiscal year of 2020–21. Therefore, the rising demand in the food and beverage industry is driving the growth of the airless packaging market.
Market Trends –
Major companies operating in the airless packaging market are focusing on developing innovative products, such as airless cosmetic packaging bottles, to meet the increasing demand for high-quality, preservative-free, and long-lasting beauty and skincare solutions. Airless cosmetic packaging bottles are specially designed containers that dispense beauty and skincare products without exposing the contents to air. For instance, in April 2024, APG Packaging, a US-based packaging company, introduced the Infinity Airless Bottle, a pioneering product poised to transform the cosmetic industry. This state-of-the-art packaging innovation was developed to cater to the increasing demand for eco-conscious and sustainable packaging options. The bottle, characterized by a sleek and modern design, employs advanced airless technology to not only ensure the optimal preservation of the product’s integrity but also significantly reduce product waste. One notable feature of the Infinity Airless Bottle is its precise dispensing ability, which ensures minimal waste and extends the product’s lifespan, providing consumers with a more cost-effective and sustainable solution.
The airless packaging market covered in this report is segmented –
1) By Packaging Type: Rigid Plastics, Bottles, Jars, Tubes, Bags, Flexible Plastics
2) By Category: Premium, Mass
3) By Dispensing Systems: Pumps, Dropper, Twist And Clicks
4) By Distribution Channel: Supermarkets, Hypermarkets, Specialist Retailers, Convenience Stores, E-Commerce
5) By End-User: Personal Care And Home Care, Healthcare, Food And Beverages, Other End-Users
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Regional Insights –
North America was the largest region in the airless packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the airless packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the airless packaging market are WestRock Company, Berry Global Company, Albea Group, AptarGroup Inc., RPC Group Plc, Silgan Dispensing Systems, HCP Packaging, TricorBraun, Raepak Ltd, Quadpack Group, Libo Cosmetics Co. Ltd., Lindal Group, FusionPKG, AFA Dispensing Group, JSN Cosmetic Packaging, Yonwoo Co Ltd., Frosted Glass Bottles, ABC Packaging Ltd., LUMSON S.p.A., Neville and More, Cospack America Corporation, Guangzhou Zhongkai Packaging Technology Co Ltd.
Table of Contents
- Executive Summary
- Airless Packaging Market Report Structure
- Airless Packaging Market Trends And Strategies
- Airless Packaging Market – Macro Economic Scenario
- Airless Packaging Market Size And Growth
…..
- Airless Packaging Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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