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| Airless Packaging Market |
Global demand for luxury cosmetic products is expected to increase over the course of the projected period, fueling market expansion. The demand for high-end beauty goods including organic skin lotions, the foundations, and serums has significantly increased over the last several years. The research on the global Airless Packaging Market includes a detailed study of the market for the predicted period. The study is broken up into a variety of sections and contains an analysis of the patterns and other elements that significantly affect the market.
According to Coherent Market Insights, the Airless Packaging Market would increase at a CAGR of 5.5% from 2023 to 2030, from a value of USD 5.8 billion in 2021 to USD 8.79 billion by 2030.
The Airless Packaging Market is expected to be driven by rising consumer demand for goods with longer shelf life, notably in the food, beverage, and personal care sectors. Many owners of cosmetic companies are eschewing conventional packaging in favor of airless pump dispensing technologies that extend the shelf life of the goods by preventing oxidation. As a result of the growing demand for the product's long shelf life, the market is growing faster.
The
Global Airless Packaging Market is
divided into four categories: End-User, Material Type, and Packaging Type. The
market is divided into two segments based on material type: glass and plastic.
With 63.3% of the global revenue share in 2019, plastic dominated the market,
and it is projected that it will maintain this position for the duration of the
forecast. Numerous types of plastic resins, such as PMMA, SAN, PE, PET, and ABS are
often utilized in the manufacturing of polyethylene-based air-less bottles,
jars, and tubes. The market is divided into bags and Pouches, Bottles and Jars,
Tubes, and Others based on the type of packaging used. The market is
divided into four segments based on end-user: personal care, healthcare,
homecare, and food & beverages. The personal care and home care category
dominated the industry in 2020 with 79.5% of the market's overall revenue
share. In the personal care industry, semi-solid substances like creams,
lotions ointments, creams, liquids, and pastes are presented in airless
coatings bottles & jars, pouches, and tubes. By preventing oxidation, the
product increases product shelf life and preserves the integrity of
formulations.