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Airless Packaging Market size was valued at USD 5.7 billion in 2021 and is expected to grow at a CAGR of 6.6% from 2022-2028. The appeal of airless packaging in terms of space taking up is currently driving the global market. Airless packaging is considerably superior to other competing package styles since it requires no product material and wastes no space. The enormous incoming demand from the cosmetics industry, where airless packaging can be significantly more advantageous than other forms, is another factor driving the market. The market for airless packaging is expected to rise as a result of manufacturers' preferences shifting in favor of the airless type of packaging due to its outstanding barrier features, longer product shelf life, flexibility, and ease of use, as well as the usefulness and protection it offers. Furthermore, airless packaging aids in lowering atmospheric oxygen levels, inhibits fungus sporesâ€™ growth, and stops volatile compounds from evaporating. Air is kept out of the container with airless packaging to extend the product's shelf life. Airless packages provide protection and enable users to distribute products thoroughly, right down to the last drop. These qualities and features appeal to many firms, making it a frequent justification for selecting an airless package across several industries. For instance, Pearl 2 was introduced at Luxe Pack Monaco 2021 by Silgan Dispensing, a global provider of designed pumps and sprayers for the beauty, fragrance, personal care, home, and healthcare sectors. All the advantages of conventional airless systems, such as formula protection, 360-degree dispensing, and a high evacuation rate to help customers get every last drop, are included in Pearl 2. Moreover, the personal care end-user sector will be projected to dominate the market. This is mainly because airless packaging is increasingly getting traction as makeup and cosmetics become more widely used. Additionally, businesses may use fewer preservatives due to close packaging, which keeps items more organic. So, for natural things, airless packaging is significantly favored. Market expansion is anticipated to be aided by an increase in the number of natural product releases and organic skincare companies.
In September 2021, Quadpack, a manufacturer of packaging solutions for the beauty industry, created a range of airless solutions to help cosmetic and skincare brands express their identity through packaging better while at the same time protecting their formulas. Named Canvas Airless, the new range offers distinctive shapes in airless products using 15% less plastic.
Fastest Growing Market
Rising demand for high-end cosmetic goods is anticipated to fuel market expansion. Over the past few years, there has been a significant increase in demand for high-end cosmetics items such as natural skincare creams, foundations, and serums. A growing number of working women, the introduction of cosmetic items worldwide, and the demand for natural skincare products are a few other significant drivers of the airless packaging market. However, the difficulty of differentiating product value propositions is expected to limit the market growth of airless packaging.
The airless packaging market is projected to expand at a CAGR of 6.6% during the forecast period.
Europe is the fastest-growing region for airless packaging market
ABC Packaging Ltd., Albéa, AptarGroup, Inc., Fusion Packaging, Raepak Ltd.