Airless Container Market Size Valued at USD 4,102.2 million in 2021

According to Precision Business Insights (PBI) latest report The Global Airless Container Market is expected to be worth USD 4,327.9 million in 2022, growing at a 6.0% CAGR from 2022 to 2028. Global Airless Container Market segmented into following types: By Material (Polypropylene (PP), Acrylic, PETG, PETE, Aluminum), By Application (Pharmaceutical, Cosmetics, Medical), Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) Forecast to 2028. Key player's profiles in the airless container market report are ABC Packaging Ltd., Albia, AptarGroup, Inc., Fusion Packaging, HCP Packaging, Libo Cosmetics Company, Ltd., Lumson SPA, Quadpack Industries, Raepak Ltd. Airless packaging or vacuum packaging refers to no pressurized dispensing systems that involves the removing air from packaging of the products to prevent contamination of the products. This packaging reduces the exposure to sunlight, microbes, air and prevent evaporation of volatile material. Rising expenditure of the customer with rapid urbanization specifically in developing economies leads to increase attention on personal care, which drives the airless packaging market. Moreover, development and launch of newer products by the market players also surge the growth of market in the future. For instance, B.I. Packaging introduced new plastic jars, airless jars and PET bottle for cosmetic segment.

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PETE Segment are Dominate the Global Airless Container Market:
Polyethylene Terephthalate is expected to grow significant CAGR over the forecast years owing to stringent regulations on plastic usage, however, PETE is most widely recycled plastic on earth and it can be recycled multiple times when compared with other maerials. Moreover, rise in R&D for the launch of newer products immense boost to the market in the future, For instance, In 2020, Gidea Packaging company introduced eco-friendly container for the cosmetic packaging.

North America Leads Global Airless Container Market Market:
North America is expected to hold the largest market share in the global airless container market and it is projected to grow at a CAGR of 7.2% in the coming years due to rising demand in the healthcare and personal care industries, as well as an increase in demand for airless food packaging, and grow in disposable income coupled with increase inconsumer awareness towards beauty and cosmetic products. Europe is also anticipated to the growth of the market over the forecasting period due to owing to the high demand for premium cosmetics coupled with a strong presence of cosmetics manufacturing companies across Germany, UK, France, and other Europe countries.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Airless Container Market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In April 2021, Lumson cosmetic Packaging industries introduced first airless system in as aluminum container, TAL (TECHMO AIRLESS ALUMINUM) which provides light, ecological, versatile and customizable.

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Detailed Segmentation
Based on the Material type, the market is segmented into the following:
• Polypropylene (PP)
• Acrylic
• PETG
• PETE
• Aluminum

Based on the Application, the market is segmented into the following:
• Pharmaceutical
• Cosmetics
• Medical

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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