Airless Packaging Market Size Worth $8.1 Billion By 2027 | CAGR 6.0%: Grand View Research, Inc.

SAN FRANCISCO, Aug. 19, 2020 /PRNewswire/ --  The global airless packaging market size is expected to reach USD 8.1 billion by 2027, according to a new report by Grand View Research, Inc., expanding a CAGR of 6.0% over the forecast period. Growing demand for premium cosmetics and increasing demand for airless packaging and industrial products are key factors augmenting the market growth. Premium cosmetic products contain active ingredients in their formulations and often get contaminated when exposed to oxygen; thus, to protect the integrity of the packed products, cosmetic manufacturers mainly opt for airless packaging solutions.

Furthermore, as premium cosmetic products are considerably expensive, consumers prefer using completely natural products. Thus, to enable easy, hassle-free, and complete product evacuation, cosmetic manufacturers opt for airless tubes, bottles, jars as they ensure nearly 95% product evacuation from airless containers. Most of the dermal drugs are offered in semisolid formulations, such as lotions, creams, ointments, gels, pastes, or foams, and plastic and metal tubes are often preferred for their packaging owing to their low cost and compact size.

Key suggestions from the report:

• The plastic segment accounted for the largest market share of 63.26%, in terms of revenue, in 2019, owing to high demand as these materials are lightweight, easy to mold, and cost-effective
• The bags & pouches product type is anticipated to register the fastest CAGR of 6.6% from 2020 to 2027. Increasing demand for flexible, portable, and pocket-friendly products is the key factor contributing to the segment growth
• The pharmaceutical application segment is expected to witness substantial growth from 2020 to 2027. The growth can be attributed to growing awareness about skin diseases and rapid development and approval of dermal drugs by regulatory bodies, such as the FDA
• Europe emerged as the leading regional market and accounted for over 34% of the total revenue share in 2019
• The growth is attributed to the presence of key global cosmetics and dermatological drugs manufacturers, such as L'Oréal, Beiersdorf, Chanel, Unilever, and LVMH, in the region
• The market is moderately fragmented with the presence of key players and a smaller number of medium-scale companies
• The market players adopt various competitive strategies, such as regional expansion, mergers & acquisitions, and emphasis on research & development activities.

Read 89 page research report with ToC on "Airless Packaging Market Size, Share & Trends Analysis Report By Application (Personal & Home Care), By Product (Bags & Pouches, Bottles & Jars), By Material (Glass, Plastic, Aluminum), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/airless-packaging-market

However, non-airless packaging provides limited protection against air and light resulting in evaporation and degradation of the packed product. Therefore, dermal drug manufacturers are increasingly opting for airless packaging, which restricts the contamination of dermal formulation from environmental exposure. Declining demand for luxurious products due to changing income patterns is expected to negatively impact the market growth in 2020 since the packaging mostly utilized for premium cosmetics.

Furthermore, to curb the price of the product, personal care manufacturers are expected to opt for low-cost packaging in place of airless packaging over a shorter term, which, in turn, is likely to have a negative impact on the market. The plastic was the leading material type and accounted for over 63.26% of the total market revenue in 2019. Various types of plastic resins, including PE, PET, ABS, PMMA, and SAN, are widely utilized for manufacturing plastic-based airless bottles, jars, and tubes.

The demand for plastic is high as these materials are lightweight, easy to mold, and cost-effective compared to other materials. The market players are also increasing focus on sustainable production owing to the increasing demand for sustainable packaging solutions in recent years. This demand is also fueled by the increasing implementation of regulations regarding the processing & recycling of raw materials, particularly plastic.

Grand View Research has segmented the global airless packaging market on the basis of material, product, application, and region:

• Airless Packaging Material Outlook (Revenue, USD Million, 2016 - 2027)
• Glass
• Plastic
• Metal
• Airless Packaging Product Outlook (Revenue, USD Million, 2016 - 2027)
• Bottles & Jars
• Bags & Pouches
• Tubes
• Airless Packaging Application Outlook (Revenue, USD Million, 2016 - 2027)
• Personal Care & Homecare
• Pharmaceutical
• Pet care
• Others
• Airless Packaging Regional Outlook (Revenue, USD Million, 2016 - 2027)
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Germany
• The U.K.
• France
• Asia Pacific
• China
• India
• Japan
• Thailand
• Central & South America
• Brazil
• Middle East & Africa

List of Key Players of Airless Packaging Market

• AptarGroup, Inc.
• Silgan Holdings Inc.
• Quadpack
• ALBEA S.A.
• HCP Packaging

Find more research reports on Plastics, Polymers & Resins Industry, by Grand View Research:

• Medical Tubing Market – Increasing strategic alliances within the medical device industry is anticipated to boost the reach of disposable medical devices across the globe, thereby driving the market for medical tubing.
• Specialty Polyamides Market – Surging demand for lightweight materials in the automotive and transportation industry is one of the key trends propelling the growth.
• Thermoform Packaging Market – Rising demand for packaged food, such as prepared food and packaged meat & seafood products, coupled with growing penetration of the retail sector, is expected to drive the market growth during the forecast period.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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