The global airless container market size was valued at USD 4,102.2 billion in 2021 and is poised to grow at a significant CAGR of 5.7% during the forecast period 2022-28. 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
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.
The global airless container market segmentation
- By Material: Polypropylene (PP), Acrylic, PETG, PETE, Aluminum
- By Application: Pharmaceutical, Cosmetics, Medical
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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.
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