GLOBAL OPPORTUNITY AND FORECAST 2023 GLOBAL AIRLESS PACKAGING MARKET M arket players have developed new ways to offer recyclable products and reduce wastage of the products. Airless packaging ensures high restitution rate and almost 95% of the product evacuation, which make it an ideal choice of packaging for manufacturers. For instance, Herbfarmacy introduced a new range of airless pump recyclable packaging to the airless packaging market, which includes whole body lotion, wash-off cleansing mousse, and four face creams.

AIRLESS PACKAGING MARKET ANALYST REVIEW Increase in need for ecological products, high rate of consumption & degradation of products, and significant growth of skincare and haircare products in developing countries drive the airless packaging market. Furthermore, increase in consumption for packaged food & beverage in sprawling cities of developed countries offer significant growth potential for the global market. In addition, continuous inflow of new, innovative design offerings in the airless packaging market offer lucrative opportunities for the market growth. However, high manufacturing costs, low product differentiation, and intense competition limit the market growth. Komal Sharma Senior Research Analyst, Construction & Manufacturing

CURRENT AND FUTURE MARKET SCENARIO The global airless packaging market was valued at $4,046.0 million in The global airless packaging market is expected to reach at $5,938.0 million by The global airless packaging market growing at a CAGR of 5.9% from 2017 to Europe accounted for more than one-third of the market share in 2016, and is expected to witness significant growth during the forecast period. Personal care segment generated the highest revenue in 2016, and is estimated to grow at the highest growth rate of 5.3%. The bottles & jars segment dominated the market, in terms of revenue, in packaging type segment, and is projected to grow at a CAGR of 5.0% during the forecast period.

TOP IMPACTING FACTORS TO MARKET GROWTH Increase in Demand for Prestige Products Increase in demand for prestige products around the globe has accelerated the growth of the airless packaging market, especially in personal care sector such as haircare, skincare, and cosmetics. Improved Shelf Life and Quality of Products Factors such as need for better packaging and increased adoption of airless packaging technology drive the market growth, as these facilitate low wastage of the product. Get PDF Sample

AIRLESS PACKAGING MARKET SEGMENTATION BY PACKAGING TYPE Bags and Pouches Bottles and Jars Tubes Others BY END USER Personal care Healthcare Homecare Food & Beverages BY MATERIAL TYPE Plastic Glass Others

DOMINATING SEGMENTS THE BOTTLES & JARS SEGMENT PERSONAL CARE SEGMENT The bottles & jars segment dominated the market, in terms of revenue, in packaging type segment, and is projected to grow at a CAGR of 5.0% during the forecast period. Personal care segment generated the highest revenue in 2016, and is estimated to grow at the highest growth rate of 5.3%.

GEOGRAPHICAL OVERVIEW Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2016, Europe was the dominant region in terms of revenue, but LAMEA is anticipated to grow at the highest CAGR in the market. U.S. was the revenue generating country in North America airless packaging market, accounting for around 55.48% of the market share in the region in the year 2016.

DOMINATING MARKET PLAYERS PROFILED IN THE STUDY ABC Packaging Ltd. Albéa AptarGroup Inc. Fusion Packaging HCP Packaging Libo Cosmetics Company Ltd. Lumson SPA Quadpack Industries Raepak Ltd. Silgan Dispensing Systems

A Report Titled “Airless Packaging Market- Opportunities And Forecasts, 2017– 2023” has been recently published by Allied Market Research. It makes an In-depth Analysis of current trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from Stakeholder’s Perspective. To Know More About Airless Packaging Market- Opportunities and Forecasts Get PDF Sample Copy Follow Allied Market Research

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