The global airless packaging market is projected to grow from USD 8.38 billion in 2023 to USD 15.91 billion by 2033, representing a compound annual growth rate (CAGR) of 6.79% from 2024 to 2033.
Download Statistical Data: https://www.towardspackaging.com/download-statistics/5227
Airless packaging is a breakthrough product delivery technology that keeps an enclosed and air-free environment independent of the product level. It has a built-in piston made-up of the plastic that rises with the each usage, efficiently moving the product from the bottle’s base towards the dispenser. This creative design removes the typical air gap that a conventional pump leaves behind. The airless packaging has swiftly achieved prominence in the cosmetics industry and is projected to experience a considerable growth during the forecast period.
The rising demand for extended product shelf life and enhanced quality preservation coupled with the increasing consumer awareness about the benefits of airless packaging is anticipated to augment the growth of the hot-fill food packaging market within the estimated timeframe. The rising focus on sustainability and eco-friendly materials along with the growing premium and luxury segments in the cosmetics and personal care industry is also expected to support the market growth. Furthermore, the growing strategic collaborations and partnerships within the industry as well as new product launches is also likely to contribute to the growth of the market in the years to come. The global packaging market size is estimated to grow from USD 1.20 trillion in 2022 to reach an estimated USD 1.58 trillion by 2032, growing at a 3.16% CAGR between 2023 and 2032.
The growing demand for product preservation is expected to support the growth of the market during the forecast period. The food and beverage packaging is seeing an increase in the utilization of the airless packaging as a way of maintaining the food’s flavor and quality. The primary benefit of utilizing an airless bottle is its ability to preserve the product’s freshness as well as the purity for an extended duration. Additionally, it lets the customers use every last bit of the item, which further cuts down the waste.
Furthermore, these containers are highly valued in the cosmetics sector for providing excellent shelf stability and comprehensive formula preservation. By utilizing these packages, the amount of chemical preservation that is utilized in the cosmetics can be decreased, which is beneficial as chemical preservation has damaging impacts on skin. As a result, a lot of companies favor using airless packaging. Numerous hair care items, lotions, creams, gels, and various other products that need to be shielded from environmental dangers are packaged in these containers. Although airless bottles are a tried-and-true standard in the cosmetics industry, certain packaging manufacturers have also incorporated the airless idea into various other packaging designs.
For instance,
Olive Packaging provides a variety of shaped Bag-in-Bottle (BIB) airless configurations. An exterior layer of PCR PET is heavy, thick, and moldable into an infinite variety of shapes. Depending on their formulation and application requirements, brands can select between an inner liner composed of an FDA-certified elastomer which contracts when used in conjunction with an airless dispenser and a two layer EVOH (or PET) choice.
With this growing demand for product preservation as well as the introduction of other packaging formats, the market for airless packaging is expected to increase as a popular packaging option in the beauty industry.
The main components of the airless packaging, including plastics, metals and glass are susceptible to the price fluctuations and unstable market conditions. For example, fluctuations in the price of plastics derived from the petroleum can cause abrupt shifts in the cost of producing packaging. Due to the uncertainties caused by geopolitical strife, oil prices are still unstable. Given that one-third of the global seaborne oil traffic originates from the Middle East, the most recent conflict there has increased geopolitical risks for the markets for commodities. Even though it would be a retreating situation, a conflict’s escalation might cause significant disruptions to the oil supply, depending on its span and scope.
Furthermore, the oil sector also faces a number of possible upside threats such as the likelihood for Saudi Arabia and Russia to keep up or raise their production cuts. Even with the recent spike in the oil production, there’s a chance that the U.S. shale oil sector won’t be able to reach the anticipated production levels, particularly by 2025. These variations may lead to the increased manufacturing costs, which could then be passed down to the customers and have an impact on the competitiveness and affordability of the airless packaging options. Additionally, as raw material costs are unpredictable, producers may have difficulties with the financial planning and budgeting. Long-term expenditures in the research and development may be hampered due to this uncertainty since companies may be reluctant to commit resources in the absence of the reliable cost estimate.
Packaging innovation has been spurred by the consumer recognition of beauty’s role in the worldwide problem of the waste from packaging in the oceans and landfills, forcing companies to reconsider how they make and pack their goods. Today’s responsible shoppers take environmental effect and the package composition into account in addition to the aesthetics. Across all the demographics, one trend that is in demand is sustainability. According to a recent study, consumers from the baby boomers to the Gen Z—now value sustainability more than brand awareness when making decisions. Organizations have been leading this trend and are dedicated to producing packaging solutions that shape the standard of beauty in the future by creating items that are impactful and innovative for a market that is always evolving.
For instance,
Adopting the sustainable materials as well as practices in the airless packaging reduces the environmental footprint associated with traditional packaging solutions. Furthermore, companies that lead in sustainability can differentiate themselves in the market, gaining a competitive edge as consumers increasingly prioritize the eco-friendly products.
Some of the key players in airless packaging market are Albea Group, Silgan Dispensing Systems, Berry Global, APTAR Group, HCP Packaging, APC Packaging, Quadpack Industries, Cosmogen, Lumson, STP, M&H Plastics, and Mold-Tek Packaging, among others.
By Material
By Product Type
By Application
By Region
Buy Premium Global Insight: https://www.towardspackaging.com/price/5227
Get the latest insights on packaging industry segmentation with our Annual Membership – https://www.towardspackaging.com/get-an-annual-membership
If you have any questions, please feel free to contact us at sales@towardspackaging.com
About Us
Towards Packaging is a leading global consulting firm specializing in providing comprehensive and strategic research solutions. With a highly skilled and experienced consultant team, we offer a wide range of services designed to empower businesses with valuable insights and actionable recommendations. We stay abreast of the latest industry trends and emerging markets to provide our clients with an unrivalled understanding of their respective sectors. We adhere to rigorous research methodologies, combining primary and secondary research to ensure accuracy and reliability. Our data-driven approach and advanced analytics enable us to unearth actionable insights and make informed recommendations. We are committed to delivering excellence in all our endeavours. Our dedication to quality and continuous improvement has earned us the trust and loyalty of clients worldwide.
Browse our Brand-New Journal:
https://www.towardshealthcare.com
https://www.towardsautomotive.com
For Latest Update Follow Us: https://www.linkedin.com/company/towards-packaging/
Get Our Freshly Printed Chronicle: https://www.packagingwebwire.com/
Peelable Lidding Films Market Growth and Future Outlook The global market for peelable lidding films…
Reverse Tuck Box Market Size, Trends and Growth Outlook The reverse tuck box market was…
Growth Insights for the Global Pharmaceutical and Chemical Aluminum Bottles and Cans Market The global…
Plastic Tubes Market Growth Size, Trends and Regional Outlook (2024-2033) The global plastic tubes market…
PP Deli Food Container Market Size and Growth Insights The global PP deli food container…
Solid Bleached Sulfate (SBS) Board Market Growth and Forecast The global market for solid bleached…