Airless Packaging Market Scenario
The global airless packaging market, according to a report by Market Research Future (MRFR), is slated to reach a substantial market valuation at a moderate 5.5% CAGR over the assessment period.
The airless packaging industry is expected to witness a significant number of advancements over the forecast period, owing to constant developments in the packaging industry coupled with increasing consumer preferences for high-end features in product packaging. The market is also slated to exhibit many expansion activities by multinational market players and well-established companies.
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Competitive landscape
The major market players of global airless packaging market are
- Albea Beauty Holdings S.A. (France)
- AptarGroup, Inc. (U.S.)
- HCP Packaging (U.K.)
- LUMSON SPA (Italy)
- Libo Cosmetics Company, Ltd. (Taiwan)
- Quadpack Industries (Spain)
- Fusion Packaging (U.S.)
- ABC Packaging Ltd. (U.K.)
- WestRock (U.S.)
- Mondi (South Africa)
Segmental Analysis
The global airless packaging market has been segmented on the basis of the type of materials, packaging, dispenser, and the end-users.
The types of materials used in the global airless packaging market are plastic, glass, and others. Among these, the plastic segment is touted to lead the market share over the review period. This can be accredited to the superior properties of plastic, such as relatively higher ease, elasticity, and flexibility for molding. Plastics also provide a longer, more durable storage life than the other packaging materials. Based on the packaging type, the airless packaging market has been segmented into bottles & jars, tubes bags & pouches, and others. Bottles & Jars led the market in 2016 and is likely to grow as the fastest-growing packaging type segment for airless packaging. Bottles & Jars are the perfect packaging type for all end-use applications, such as in healthcare, personal care, and home care products. Based on the dispenser type, the market is segmented as a dropper, pumps,and twist & click. Pumps acquired the lead in the market in 2016 and are expected to grow as the fastest-growing dispenser type over the next five years. The suitability of pumps for all packaging type is making them favorable for all end-use application. Based on the end-use, the market has been segmented as personal care, healthcare, homecare, and others. Personal care segment acquired dominance over the market in 2016 and is touted to sustain its lead over the market in the forecast period. The zero-wastage benefit of airless packaging is the major factor, acting in support of the airless packaging market over the review period. This can bring about a notable transformation in a number of industry verticals, especially the personal care and cosmetics industry.
Regional Analysis
The global airless packaging market is projected to witness phenomenal growth during the forecast period. This is due to the considerable increase in awareness about high-quality premium products, minimal wastage of products, and an increase in the shelf life of products. Europe is touted to remain the leading region in terms of demand. The packaging industry holds a steady ground in Europe, owing to augmented demand in general along with rapid rates of product innovation and development. The airless packaging market in Europe is also being driven towards providing greener substitutes to conventional plastic airless packaging. North America is also expected to continue contributing high revenue in the global airless packaging market, primarily due to the huge demand in the U.S. Meanwhile, the Asia Pacific is poised to register a remarkably 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 numerous types of packaging in the consumer goods industry, providing plenty of opportunities to the players in the global airless packaging market.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
Continues…..
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