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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

12-26-2018 06:50 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Airless Packaging Market Expected to Reach $5,938.0 Million,

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.

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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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About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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