The global airless packaging market is expected to expand at a CAGR of 6.% within a forecast period from 2021 to 2027, in terms of value. The global airless packaging market size is expected to reach US$ 8.1 bn by the end of 2027.
Plastic Airless Packaging Witnessing Comparatively Higher Demand than Glass Airless Packaging
On the basis of type of packaging, plastic is expected to witness higher demand as compared to glass airless packaging. The demand for plastic airless packaging is higher than glass as plastics make ceiling of contains extremely hassle free and this is especially true for the food and beverage products. The elasticity of plastics is one of the key reasons behind their higher adoption. In addition to this plastic boosts longevity of products.
Cosmetics and Personal Care Industries Key Consumers of Airless Packaging
Airless packaging solutions, offer a type of packaging and dispensing system which leverages on the difference in the environment pressure so as to build a vacuum which can help in the releasing of a product when the valve is opened. Airless packaging such as jars, tubes, and bottles are becoming increasingly popular across the cosmetics and food and beverage sectors. The growing demand for airless packaging is also due to the fact that it helps keeping products with sensitive formulations, intact.
Zero Wastage of Contents to Drive Adoption
Airless packaging is becoming popular as it brings about zero wastage. With airless packaging such as comp, it is possible to access 95% of the content which is extremely high as compared to Conventional pumps. Moreover, the freshness and efficacy of a product is maintained on account of airless packaging. The personal care industry and cosmetic industry out of the Forefront of using airless packaging. Cosmetic and personal care companies such as Nivea, L' Oreal, Oriflame, and Olay are making extensive use of airless packaging. However, there is very little scope of product differentiation and this is limiting the growth of the global areas packaging market.
Plastic led the market in 2019 accounting for 63.3% of the global revenue share and is expected to retain its dominant position over the forecast period. Various types of plastic resins, including PE, PET, ABS, PMMA, and SAN, are widely utilized for manufacturing plastic-based airless bottles, jars, and tubes.
Plastic is light in weight, easy to mold, and considerably cheaper than metal and glass. Therefore, end-user companies majorly prefer plastic-based packaging. Acrylic plastic, also known as PMMA, has an appearance similar to the glass. Besides, it is unbreakable unlike glass; thus, acrylic plastic is widely utilized as an alternative to the glass for manufacturing airless packaging products.
Plastics, such as PP, have inertness toward acids, alkalis, and most solvents. As a result, the formulation packed inside the PP airless container remains unadulterated. Increasing demand for convenience, lightweight, travel-friendly packaging from cosmetics as well as pharmaceutical industries is expected to augment the growth of the plastic material segment in the coming years.
The glass segment is estimated to account for the second-largest market share. Increasing demand for sustainable packaging products by end-use industries, owing to the rising sustainability awareness among consumers is expected to drive the growth of this segment as glass is 100% recyclable.
Bottles & jars accounted for over 81% of the global share in 2019 and are expected to retain its leading position until 2027. The structure of bottles & jars allows easy incorporation of airless pumping mechanisms in them; besides ease of product evacuation or application from bottles & jars also makes them a favored packaging type.
Plastic and glass materials are primarily utilized to make bottles & jars owing to their low -cost and high aesthetic appeal. The bottle & jars offer convenience in use as they come in multiple volume capacities, which can be carried while traveling or for on-the-go application of packed cosmetic or pharmaceutical formulations.
Airless bottles & jars are preferred over airless pouches and tubes for the packaging of expensive or premium cosmetics and drugs as the former packaging format offers higher aesthetic appeal. Furthermore, airless tubes are majorly utilized for the packaging of smaller volumes of cosmetic or pharmaceutical formulations.
An increasing trend of smaller packaging sizes, especially in the beauty & personal care industries, owing to their ease of carrying while traveling, is expected to bolster the demand for tubes packaging type over the forecast period.
The personal care & home care segment led the market and accounted for 79.3% of the global revenue share in 2019. In the personal care industry, airless bottles & jars, pouches, and tubes are utilized for packaging semisolid forms, such as lotions, creams, ointments, gels, and pastes. The product maintains the integrity of formulations and extends the shelf life of products by avoiding their oxidation.
The product eliminates the need for preservatives as it provides complete isolation to the formulation from external influences, such as oxygen and UV light. This factor is expected to increase the popularity of the product within the personal care & cosmetic industry. In addition, the growing demand for preservative-free cosmetic products is expected to benefit the market growth.
Most of the topical skin medications or dermal drugs are available in semisolid formulations and extremely sensitive to environmental influences, owing to which, their performances often degrade when exposed to oxygen and sunlight. Therefore, manufacturers of such drugs are opting for airless packaging to maintain product integrity and to prevent oxidation.
Furthermore, sensitive pet care formulations, such as oils, used for the wellbeing of pet animals, including cats and dogs, are being packed in airless packaging. The packaging protects the formulation from oxidation and also offers precise, uniform, and targeted dispensation.
Europe led the market and accounted for over 34.2% share of global revenue in 2019, owing to the high demand for premium cosmetics coupled with a strong presence of cosmetics manufacturing companies. The skincare brands in Europe are increasingly focusing on sustainable airless packaging to address the rising concerns pertaining to sustainability and product protection from oxidation. In February 2020, Ren Clean Skincare, a Unilever-owned skincare brand, introduced its skincare product in an airless bottle made of recycled plastic.
North America is projected to register a significant growth owing to the rapidly expanding beauty & personal care industry in Mexico and the increasing number of working women in the country.
Asia Pacific is expected to be the fastest-growing regional market from 2020 to 2027 due to the high demand for premium cosmetic products and rising middle-class populations in countries, such as China, India, Indonesia, and Vietnam. Moreover, the growing penetration of organized retail sector is opening new avenues for premium cosmetic manufacturers, which is expected to favorably impact the market growth over the coming years.
Key market players featured in this report are:
Material type assessed in the report are:
Packaging type assessed in the report are:
Dispenser type assessed in the report are:
End use type assessed in the report are:
Regions assessed in the report are:
The Airless Packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Airless Packaging market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Airless Packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Airless Packaging market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Airless Packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Airless Packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Airless Packaging by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Airless Packaging market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Airless Packaging market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Airless Packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Airless Packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Airless Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Airless Packaging market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Airless Packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Airless Packaging market. These factors have benefited the growth of the global market for Airless Packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Airless Packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Airless Packaging are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are: