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Published Date: 2016-12-20Number of Pages: 158

Airless Packaging Market (Materials - Plastic and Glass; Packaging Types - Bottles and Jars, Bags and Pouches, and Tubes; Dispenser Types - Pumps, Dropper, and Twist and Click; End Users - Personal Care (Skin Care, Hair Care, and Baby Care), Home Care, and Healthcare) - Global Industry Analysis and Forecast 2016 - 2024

Global Airless Packaging Market: Snapshot

The global airless packaging market is currently being propelled by its appeal in terms of minimizing space taken. The ability of airless packaging to provide zero wastage of space and product material required is putting it far ahead of its competitive packaging types. The market is also being driven by the massive incoming demand from the cosmetics industry, where airless packaging can be far more beneficial than other types. The global airless packaging market is, however, currently restricted in its overall growth rate by factors such as high machinery costs, the extremely low scope of product differentiation, and the steadily growing demand for its direct competitor – modified atmosphere packaging.

The global airless packaging market is expected to expand at a CAGR of 5.5% within a forecast period from 2016 to 2024, in terms of value. The market’s overall value by the end of 2016 is expected to reach US$4.13 bn. Assuming the above CAGR and incorporating the ups and downs that the market may experience over the given forecast period, it is expected to reach US$6.34 bn by the end of 2024. By volume, the global airless packaging market is expected to reach 29,303.2 kilo tons by the end of 2024.

Plastic Continues to be Lead Material Used for Airless Packaging

Based on the type of packaging, the global airless packaging market can be segmented into the two generalized segments of plastics and glass. Of these, the market has consistently been dominated by plastics in the recent past. It is also highly likely for plastics to remain the leading material type used in the global airless packaging market for the coming years. The typical process of airless packaging allows users to seal the contents – especially food and beverage products – into an airless environment, thereby considerably increasing the product’s life expectancy. Plastics make the entire process much easier than glasses or any other material, owing to their elasticity and the ease with which they can be molded. Plastics also provide a much greater storage life than the other packaging materials, thereby making it a highly popular material for airless packaging.

airless packaging market

 

Europe to Lead Demand for Airless Packaging

For a regional assessment, the global airless packaging market is segmented into the key regions of North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America. For the forecast period from 2016 to 2024, Europe is expected to remain the dominant region in terms of demand for airless packaging, registering a positive CAGR of 5.1% for the same. The packaging industry holds a strong ground in Europe owing to a high demand in general coupled with speedy rates of product innovation and development. The airless packaging market in Europe is also being pushed towards providing greener alternatives to conventional plastic airless packaging. North America is also likely to continue contributing a large stream of revenue in the global airless packaging market, primarily due to the massive demand originating from the U.S.

Meanwhile, Asia Pacific is expected to register a phenomenally high rate of growth in demand for airless packaging. A high and still increasing urban population in this region is expected to ramp up its demand for several types of packaging in the consumer goods industry, providing plenty of opportunities for players in the global airless packaging market.

The key players that have been a part of the global airless packaging market to date, include Albéa Beauty Holdings S.A., Aptar Group, Inc., HCP Packaging, LUMSON SPA, Libo Cosmetics Company, Ltd., Quadpack Industries, WestRock, Fusion Packaging, and ABC Packaging, Ltd.

Global Airless Packaging Market: Overview

This Transparency Market Research report examines the global airless packaging market for the forecast period 2016-2024. The primary objective of the report is to identify opportunities in the market and present updates as well as insights pertaining to various segments of the global airless packaging market. 

Nowadays airless packaging is one of the most acceptable packaging approach for skin care, hair care and other products. The process for airless packaging involves withdrawal of the air included in the package and then sealing it. Airless packaging is a common technique of extending the shelf life of food related products without adversely impacting their quality.

Global Airless Packaging Market: Scope of the Study

Airless packaging is segmented on the basis of material type, packaging type, application and region. New and innovative developments which includes production of airless packages that holds recyclable packaging, and light-weight packaging are accumulating value to the airless packaging market. Robust consumption of convenience and processed food has been the major growth drivers of the global airless packaging market. Rising awareness about minimal wastage of products and good quality have become consumer’s foremost urgency. This has accelerated the demand for airless packaging globally. An airless pump in the bottle allows in clearing as much as 95% of the contents. Through airless packaging there are no danger of wastage, impurity and degradation of content. Preservative use can be totally removed, helping the use of organic products. Apart from this, speedy industrialization in the emerging clusters of the globe, coupled with higher population growth is anticipated to bolster the growth of global airless packaging market during the period 2016-2026.

Another vital feature of this report is the analysis of the Airless Packaging Market by region, material type, distribution network and primary usage and the corresponding revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales perspective of the global airless packaging market. 

To understand key segments in terms of their growth and performance in the airless packaging market, Transparency Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global airless packaging market.

Global Airless Packaging Market: Research Methodology

In order to understand and assess opportunities in this market, the report is categorically divided into four key sections on the basis of material type, pack type, application and region. The report analyses the global airless packaging market in terms of value (US$ Mn) and volume (Mn Units)

The report begins with an overview of the global airless packaging market, evaluating market performance in terms of revenue, followed by TMR’s analysis of key trends, drivers, and restraints witnessed in the global market. Impact analysis of the key growth drivers and restraints based on the weighted average model is also included in the report.

The report further analyses the market based on material type and presents the forecast in terms of value for the next eight years. The next section of the report analyses the global airless packaging market on the basis of distribution network and presents the forecast for the next eight years. The report further analyses the market based on primary usage and presents the forecast in terms of value for the next eight years. Following this section includes analysis of the global airless packaging market on the basis of region and forecast in terms of value for the next eight years.

To compute the market size, in-depth secondary research is done.  Data points such as regional splits and market split by material type, distribution network and primary usage as well as qualitative inputs from primary respondents have been assimilated to arrive at appropriate market estimates. The report comprises the forecast of the global revenue generated by the sales of Airless Packaging Market.

TMR triangulates the data via different analysis based on supply side, demand side as well as the dynamics of Airless Packaging Market.

TMR not only conduct forecasts in terms of value, but also evaluate the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.

In the final section of the report, airless packaging market competitive landscape is included to provide a dashboard view of companies that manufacture and provide services of airless packaging market. The report contains company profiles of some of the key players in the global airless packaging market.

Key market players featured in this report are:

  • Aptar Group, Inc.
  • Albéa Beauty Holdings S.A.
  • LUMSON SPA
  • HCP Packaging
  • Quadpack Industries
  • Libo Cosmetics Company, Ltd.
  • Fusion Packaging
  • WestRock
  • ABC Packaging Ltd.

Material type assessed in the report are:

  • Plastic
  • Glass
  • Others

Packaging type assessed in the report are:

  • Bottles & jars
  • Bags & pouches
  • Tubes
  • Others

Dispenser type assessed in the report are:

  • Pumps
  • Dropper
  • Twist & click

End use type assessed in the report are:

  • Personal Care
    • Skin Care
    • Hair Care
    • Baby Care
  • Home Care
  • Healthcare
  • Others

Regions assessed in the report are:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)


 
 
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