The Global Airless Packaging Market is projected to reach a value of over USD 6.9billion by 2027 at a CAGR of around 4.8%.
A liquid dispensing packaging that prevents normal atmospheric air from coming in contact with the formulation inside is known as airless packaging. This type of packaging helps to avoid product contamination due to it is widely used in various end-use industries such as cosmetics, food & beverages, pharmaceuticals, and others. Moreover, more accurate dosage, no propellants required, less chemical interaction, no pressurization, and easy to use are some of the benefits of airless packaging.
Market Driver:
Growing awareness regarding premium ingredients and their positive effects on skin has shifted consumer preference from mass-produced or traditional cosmetics to premium cosmetic products. For problems such as age spots, acne and pigmentation have increased preference for premium cosmetics. Moreover, factors such as the influence of premium cosmetics and increasing brand recognition coupled with digitalization have further surged the demand for premium cosmetics. The packaging is one of the major concern in the premium cosmetic product as they protect the formula, are user friendly, reliable and portable. Airless packaging for premium cosmetics offers benefits such as preserving antioxidants, preventing contamination, extending shelf life, reliable dispensing, and no product wastage. Thus, growing premium cosmetic products market coupled with benefits offered by airless packaging has expected to drive the growth of the market.
Market Challenges:
Various raw materials used for manufacturing of airless packaging jars, bottles, and pouches include PET, PP, and acrylic which are derived from crude oil. The continuous fluctuations in crude oil prices have been observed owing to demand and supply gap of crude oil, fluctuation in currencies, and OPEC (Organization of the Petroleum Exporting Countries) actions. For instance, the COVID-19 pandemic has impacted the price and trade of crude oil. Fluctuation in crude oil prices has tolead to uncertainty concerning the availability of raw materials at lower or economical prices. Thus, high volatility in raw material prices has expected to pose a major challenge to the growth of airless packaging market.
The report on the airless packagingmarket covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Material Type, Packaging Type, End-User, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Airless Packaging Market, by Material Type
Airless Packaging Market, by Packaging Type
Airless Packaging Market, by End User
Airless Packaging Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE AIRLESS PACKAGING MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY