Press release
Airless Packaging Market - Global Industry Analysis & Future Growth Prospects to 2023 | ABC Packaging Ltd., Alba, AptarGroup, Fusion Packaging, HCP Packaging
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 of the market share in 2016, and is expected to witness significant growth during the forecast period.Airless packaging, also referred as vacuum packaging, is one of the most reliable ways of packaging food products. Airless packaging involves removing air from inside packaging to ensure safe storage of food, to increase shelf life & quality maintenance.
An airless packaging system is a non-pressurized device that uses a dispensing pump, provides high restitution rate & low wastage, and avoids backflow of air in the system. The demand for airless packaging products has increased, owing to the increased demand for natural and organic products globally, rise in sales of homecare products due to modernization, and growth in its applicability in the personal care & food & beverages. In addition, government regulations and legislations for reducing pollutants and increased awareness about eco-friendly products are expected to propel the market growth. However, high production cost airless packaging products pose a threat to the market growth.
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The increasing use of dispensing pumps that are produced using plastic & glass has created a demand for airless packaging for sensitive products, including pharmaceuticals and cosmetics, with minimum wastage. It avoids contact of packed products with oxygen, sunlight, and microbes, thus, increases its shelf life approximately by 15%. Airless packaging also avoids the wastage of the product as a consumer can use the packed product up to the last drop. The rising demand for premium range products in several markets across the world accelerated the growth of the market.
Advancements in packaging systems that protect the product form contamination and is environment friendly, and increasing demand from cosmetic industry in order to protect or increase shelf life of the products are major factors driving growth of the global airless packaging market. In addition, airless packaging offer various benefits such as less chemical interaction, precise dosing, safety of product, easy to use, etc., coupled with increasing demand from various sectors such as healthcare, personal care, etc. are other factors expected to boost growth of the global airless packaging market.
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Technological advancements & increasing R&D activities to reduce the cost of machinery is expected to create new opportunities to players operating in the global airless packaging market over the forecast period.
Key offerings of the report:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region helps market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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