Airless Packaging Market Expected to Reach $5,938.0 Million, Globally, by 2023 - Competitive Analysis of Leading Industry Players ABC Packaging Ltd., Albéa, AptarGroup, Inc.,Fusion Packaging,HCP Packaging,Libo Cosmetics Company Ltd., Lumson SPA, Quadpack
Allied Market Research published a report, titled, Airless Packaging Market: Global Opportunity Analysis and Industry Forecast, 2017-2023. The global airless packaging market was valued at $4,046.0 million in 2016, and is expected to reach at $5,938.0 million by 2023, growing at a CAGR of 5.9% during the forecast period. Europe accounted for more than one-third share of the global market in 2016, and is expected to retain this trend during the forecast period.Download Sample Report - https://www.alliedmarketresearch.com/request-sample/2226
Airless packaging system is a type of non-pressurized device, which uses a dispensing pump for obtaining high restitution rate, avoiding wastage, and preventing backflow of air in the system. The demand for such products has increased in the past years, owing to rise in sales of homecare products due to modernization, increased demand for natural and organic products globally, and growth in its applicability in the personal care & food & beverages. Moreover, government regulations and legislations for controlling pollution and increase in awareness about eco-friendly products are projected to propel the growth of the market. However, high cost of manufacturing airless packaging products hamper the growth of the market.
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Key Findings of the Airless Packaging Market:
•The bottles & jars segment dominated the market, in terms of revenue, in packaging type segment, and is projected to grow at a CAGR of 5.0% during the forecast period.
•Personal care segment generated the highest revenue in 2016, and is estimated to grow at the highest growth rate of 5.3%.
•In 2016, Europe was the dominant region in terms of revenue, but LAMEA is anticipated to grow at the highest CAGR in the market.
•U.S. was the revenue generating country in North America airless packaging market, accounting for around 55.48% of the market share in the region in the year 2016.
Comprehensive and Competitive Analysis of Leading Industry Players
The key market players profiled are ABC Packaging Ltd., Alba, AptarGroup, Inc., Fusion Packaging, HCP Packaging, Libo Cosmetics Company, Ltd., Lumson SPA, Quadpack Industries, Raepak Ltd., and Silgan Dispensing Systems.
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