– The global airless packaging market is expected to be worth $9.0 billion by 2032, up 4.8% from 2022 to 2032. Moderate CAGR . By the end of 2022, the target market is expected to increase from $5.4 billion in 2021 to $5.7 billion.
The high strength, effective barrier properties, light weight, and availability of airless packaging are driving market growth over the forecast period. Due to huge demand from the cosmetics industry, the airless packaging market is likely to grow 1.7 times its market value, creating a $3.6 billion growth opportunity during 2022-2032.
Growing concern for the environment has contributed to a variety of sustainable development dynamics. This has led many manufacturers in the packaging industry to use recyclable packaging materials to meet the growing demand for sustainable products. Over the past few years, airless packaging has expanded its product line to include different types such as airless bottles, tubes and jars.
These products are generating increasing demand in various industries such as skincare and healthcare as bottles help prevent contamination and extend shelf life. Therefore, the growing demand for various beauty and skin care products such as creams, foundations and serums, as well as the need for longer shelf life for the same products, is expected to drive growth in the target market.
Europe currently accounts for the largest share of the global airless packaging market. Thanks to the strong presence of numerous well-known fashion and beauty brands, especially in Paris, the region’s market share is over 35.5%. Various skincare brands in Europe are emphasizing the use of sustainable airless packaging to address growing concerns about product sustainability and antioxidant protection. All these considerations contribute to the overall growth of the airless packaging market in the global space.
“The growing demand for various cosmetic products, coupled with the growing demand for products with extended shelf life, is expected to increase global sales in the airless packaging market during the forecast period,” FMI analysts said.
Major market players are focused on expanding capacity to meet growing demand. These organizations are investing more to expand existing capacity by developing sustainable and innovative products to meet the growing demand for sustainable packaging. Mergers, acquisitions and partnerships are some of the other strategies used by the big players in this space.
In its latest report, FMI presents an unbiased analysis of the global airless packaging market, providing historical data from 2015 to 2021 and forward-looking statistics from 2022 to 2032. To understand the potential, growth and scope of the global market, the market is based on the type of packaging (bottles, cans, tubes), material (plastic, glass), dosing system (pump, dropper, turn and click) and region.
According to the latest report from FMI based on segmentation, the plastics segment will show significant growth and create $2.3 billion in additional opportunities during 2022-2032. By type, the bottle segment is expected to grow at a CAGR of 5.1% during the evaluation period.
Regionally, the U.S. airless packaging market should see significant growth due to increased demand for airless glass cosmetic bottles and jars. The airless packaging market in the country will provide a growth opportunity of US$680 million over the forecast period. The United States currently holds the largest share of the cosmetic jar market. This bodes well for the region’s overall target market. In China, the market is also expected to grow significantly in 2022-2032.
The volume of the packaging market for consumer goods. The global FMCG packaging market is expected to reach US$418.8 billion by 2022, with a CAGR of 5.7% by 2032.
Market share for beverage packaging. The global beverage packaging market is valued at $104.8 billion in 2022 and is expected to reach $128.2 billion by 2027, growing at a CAGR of 4.1% between 2022 and 2027.
Flexible packaging paper market trends. The flexible packaging paper market is expected to grow at a CAGR of 4% during 2022-2032.
Prospects for the biodegradable packaging market. According to Future Market Insights, the global biodegradable packaging market will be valued at $448.2 billion in 2022 and will grow at a CAGR of 6.1% from 2022 to 2032 during a forecast period of further expansion.
Demand in the airless pump market. The airless pump market will experience positive growth with a total estimated value of $230 million in 2021. Future Market Insights (FMI) expects airless pump sales to grow at a CAGR of 5.5% between 2021 and 2031.
Post time: Oct-26-2022