- Improvements in the packaging systems are the factors driving the growth of the global airless packing market.
- High cost of machinery and high production cost are expected to restraint the growth of the market.
- Europe region is anticipated to dominate the global airless packing market.
The global airless packaging market was valued at $4.23 billion in 2018 and is anticipated to surpass $6.12 billion by 2027. The market is anticipated to record a CAGR of around 6.1% during the forecast period i.e. 2019-2027. The market is segmented by product type into bags, pouches, bottles & jars, tubes and others. The market is further segmented by material type into plastic, glass and others. By packaging type, the market is segmented by rigid flexible and semi-rigid packaging. On the basis of end user, the market is segmented by food & beverages, healthcare, cosmetics and personal care and others.
Europe region is anticipated to dominate the global airless packing market owing to higher demand for packaging and rapid product innovations and development. Moreover, greener alternatives have been adopted in the region related to conventional plastic airless packaging. North America is likely to contribute significant revenue in the market on account of substantial demand in the U.S. The Asia Pacific region is expected to witness significant growth attributed to increasing urban population in the region and demand for several types of packaging in the consumer goods industry that provide numerous opportunities to the players in the global airless packing market.
Improvements in the packaging systems to protect the product from contamination and rise in the demand from cosmetic industry to protect or increase the shelf life of the product are the factors driving the growth of the global airless packing market. Additionally, airless packaging offers various benefits such as ease of use, safety of product and less chemical interaction with increasing demand from various sectors such as personal care, healthcare etc. The demand for airless packaging from food and beverage industry has showcased an upliftment where the food products need airtight packaging to maintain their freshness, taste and crispness. These factors are expected to propel the growth of the global airless packaging market during the forecast period. Technological advancements and increase in research and development activities in order to reduce the cost of machinery is likely to create new opportunities for the players in the market over the forecast period.
However, high cost of machinery used in airless packaging and high production cost is expected to restraint the growth of the airless packaging market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the airless packing market which includes company profiling:
- ABC Packaging Ltd
- Fusion Packaging
- AptarGroup Inc
- Fusion Packaging
- HCP Packaging
- Libo Cosmetics Company, Ltd.
- Lumson SPA
- Quadpack Industries
- Raepak Ltd., and Silgan Dispensing Systems