Global Airless Packaging Market Definition
Airless packaging helps to prevent oxidation, improve shelf life, and avoid contamination of food by using high-quality non-pressurized packaging techniques. The increasing demand for personal care, healthcare, homecare, and food & beverages is rising the need for airless packaging. Also, it prevents spillage of the product and can be adapted for different forms of products including fluids, creams, gels, and pastes. This packaging reduces wastage and prevents backflow.
Global Airless Packaging Market: Key Insights
Base Year |
2022 |
Forecast Year |
2023-2033 |
CAGR |
~5% |
Base Year Market Size (2022) |
~ USD 5 Billion |
Forecast Year Market Size (2033) |
~ USD 10 Billion |
Regional Scope |
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Global Airless Packaging Market Size, Forecast, and Trend Highlights Over 2023 - 2033
The global airless packaging market is estimated to garner a revenue of ~USD 10 Billion by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 5 Billion in the year 2022. The growth of the market can primarily be ascribed to the higher demand for airless packaging in medicine development and distribution, rising demand for cosmetic products, and increasing awareness of skin care. For instance, it is estimated that in 2021, around USD 1.5 trillion was spent on medicines.
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Global airless packaging market trends such as the significant utilization of airless packaging in the hair & care industry and growing demand in the pharmaceuticals are projected to influence the growth of the market positively over the forecast period. It is projected that in 2020, the skin care segment grew by 25% of the beauty & personal care. Moreover, the booming demand for airless packaging in the food & beverage industry is further anticipated to hike the growth of the market over the forecast period. For instance, the global food segment was estimated to generate total revenue of approximately USD 275 billion in 2022. Airless packaging evacuates the product by 95% and avoids wastage by exhibiting a high restitution rate. Therefore, all these factors are estimated to hike the growth of the market over the forecast period.
Global Airless Packaging Market: Growth Drivers and Challenges
Growth Drivers
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Growing Sales of Cosmetics Across the Globe with Rising Preference for Classy and Elegant Look- It is observed that around 40% of the skincare industry is made of cosmetics segments while the total sale of cosmetics solely in the USA was estimated to be approximately USD 50 billion per year.
Cosmetic products are very expensive and need proper maintenance to last long. Slight negligence can ruin the entire essence of the product. That’s the major reason forcing major cosmetics manufacturers to adopt airless packaging. Airless packaging is mostly found in pump form but it can also work with jars, tubes, and others. hence, such a higher requirement is estimated to hike the growth of the market during the forecast period.
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Higher Consumption of Milk Worldwide in Different Forms- As of 2021, about 80 million metric tons of cow milk were consumed by the global population.
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Rising Inclination toward Deodorants Owing to Rising Grooming Regulations- For instance, in 2020, it was noticed that nearly 300 Americans were using deodorants on a daily basis and the number is further estimated to hit 310 million by the year 2024.
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Increasing Utilization of Nail Care Products with Increasing Self care - In 2022, the total worth of the Nails segment was projected to be around USD 10 billion
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Increasing the Number of Acquisitions and Mergers by Key Players- For example, AptarGroup announced plans to acquire a premium airless and color cosmetics packaging company Fusion Packaging in 2020.
Challenges
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Presence of Alternatives in the Market
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Disrupted Supply-Chain due to COVID-19
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Requirement for Higher Initial Investment
The manufacturing units are very expensive to buy and maintenance cost is also very costly. High initial investment in the market is hampering the market growth. The growing investment cannot be afforded by small-scale business people.
The global airless packaging market is segmented and analyzed for demand and supply by packaging into bottles, tubes, jars, bags & pouches, and others, out of which, the bottles segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted for the rising demand for airless bottles to carry home, gym, picnic, and the possibility of getting several diseases due to using plastic bottles, the increasing preference for airless bottles and jars, and the growing trend for smaller packaging sizes. For instance, in 2020, the total production of airtight bottles across the globe was estimated to be around 700 million units.
Global Airless Packaging Market Regional Synopsis
The North America region airless packaging market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed to the growing demand in the hair & skincare industry, and the increasing growth of the beauty and personal care industry. As of 2020, the beauty and personal care segment in the USA was valued at approximately USD 300 billion. Moreover, higher penetration of major key players in the market is further projected to hike the growth of the market over the forecast period.
Market Segmentation
Our in-depth analysis of the global airless packaging market includes the following segments:
By Packaging |
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By Material |
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By Dispensing System |
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By Application |
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Top Featured Companies Dominating the Global Airless Packaging Market
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Cospack America Corp.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- AptarGroup, Inc.
- Pharma Packaging Solutions
- Albéa Services S.A.S.
- Eastman Chemical Company
- Silgan Dispensing Systems
- Webpac Ltd
- Lumson S.p.A.
- WestRock Company,
- HCP Packaging UK Ltd