Airless packaging industry is expected to grow 1.7x the market value from 2023 to 2033| Future Market Insights Inc.

The global airless packaging market size is set to reach a valuation of US$ 5.9 billion in 2023, and register a CAGR of 4.7% from 2023 to 2033. The market is anticipated to reach US$ 9.5 billion by 2033. The industry is estimated to expand with the top three countries projected to hold beyond 41% of the overall market share by the end of 2023.

Increasing demand for airless packaging among numerous cosmetic brands is projected to augment sales of airless packaging. Thus, the airless packaging industry is expected to grow 1.7x he market value during 2023 to 2033.

Top 2 Trends Pushing Sales of Airless Packaging Worldwide

High Demand for Creams, Foundations, and Serums

Demand for premium cosmetic products has been on the rise for the last few years. These include serums, foundations, and natural skin care creams. Anti-wrinkle and anti-aging products are also increasing in demand. The majority of these products are at risk of oxidation, which is why airless packaging is gaining prominence among many brands. Furthermore, the quality and freshness of these products can be preserved for a longer period by using airless packaging. Thus, increasing demand for convenient packaging has augmented the sales of airless packaging in the cosmetics industry.

Increasing Need for Long Shelf Life of Cosmetics

Owing to the benefits they offer, airless pump bottles are growing in terms of popularity in the cosmetics industry, and customers are becoming more aware of these advantages day by day. The prolonged product life they provide is the major reason for their rising popularity. This is partly occurring because airless, non-pressurized chambers have replaced the dip tubes, which were formerly present.

It is also a result of rising consumer demand for more products with few or no preservatives in them. Airless packaging is therefore perfect for organic and natural creams & serums. When using airless pump bottles, the product inside the container is totally dispensed and stays stable. Airless packaging is thus gaining impetus and may revolutionize the next-generation smart packaging.

Factors that Might Inflict Market Obstruction

· Sustainability issues related to the use of plastic material

· High cost associated with the use of airless bottle versus non-airless bottle

· Volatile crude oil prices causing uncertainty regarding the availability of raw materials at lower prices

· Fluctuating income patterns of consumers

· 2017 to 2022 Global Airless Packaging Demand Outlook Compared to 2023 to 2033 Forecast

The global airless packaging market expanded at a CAGR of 3.5% during the historical period. The market reached US$ 5.64 billion in 2022, according to FMI analysis. Demand for airless packaging is estimated to bolster with the top 5 companies set to hold nearly 15-20% of the global market by the end of 2023.

The airless packaging industry is projected to witness a healthy growth outlook during the forecast period. Future Market Insights (FMI) anticipates that sales of airless packaging is anticipated to create a lucrative growth opportunity of US$ 9.5 billion by 2033.

Manufacturers are employing recyclable packaging materials to meet the growing consumer demand for environmentally friendly products. Airless packaging is nowadays available in the form of airless bottles, tubes, and jars. These products are being looked upon as satisfactory packaging approaches for products related to skincare and healthcare. Thus, contamination could be avoided and products could scale through even in the long run.

The emerging non-pressurized airless packaging methods that have a high restoration rate and limit product waste by ejecting nearly 95% of the product, is projected to have significant growth prospects.

Country-wise Insights

The United States Industry is Driven by Increasing Demand for Sensitive Beauty Liquids, Creams, and Gels:

The United States airless packaging industry is expected to accumulate significant market share in the years to follow. Airless packaging is observing high demand as they preserve the integrity of sensitive beauty liquids, creams, and gels, until the point of application. This packaging is available in a variety of options like jars, tubes, and bottles. Booming cosmetic industry, along with high disposable incomes in the country, is giving rise to the demand for airless packaged products.

Apart from being effective cosmetic containers, airless packaging is also used to contain pharmaceuticals. High penetration of airless packaging suppliers in the country, who have developed the product with plastic material to package lotions, cosmetics, and other liquids, is also expected to have a positive influence over the plastic airless packaging market.

Competitive Intelligence

Key players in the global airless packaging market are trying to emphasize on the expansion of their production capacities by investing more in their existing facilities to cater to the growing demand for food containers. Also, key players are focusing on developing sustainable and innovative products to meet the rising demand for sustainable packaging.

In June 2022, Seacliff Beauty, a California-based beauty packaging company, introduced its new metal-free Mono-Material Airless System Packaging. It contains nearly 100% polyethylene (PE) and allows for easy recycling, collection, as well as disposal. It is also available in sugarcane PE and three variations.

Merge, Acquire, or Collaborate: The Success Mantra for Leading Airless Packaging Manufacturers

Airless packaging is gaining immense popularity among various end-use industries due to its wide range of features. Manufacturers, on their part, are focusing on ensuring that their airless packaging services are high-quality and affordable. To achieve this, they are focusing on mergers & acquisitions, new product launches, and investments in research & development.

For instance, Aptar, one of the leading players in the field of airless packaging, is concentrating on mergers and acquisitions. In 2021, it announced the acquisition of Voluntis. The acquisition of Voluntis is aimed at boosting the overall product range of Aptar.

The company further entered into an agreement with Fusion Packaging I, L.P. (FusionPKG) in 2021. FusionPKG is a leader in providing high quality, prestige airless and color cosmetics packaging for turnkey solutions in the North American beauty sector. Numerous international companies that sell cosmetics and skincare products, as well as many independently owned businesses are clients of FusionPKG. This acquisition is expected to provide Aptar with access to the clients of FusionPKG and help it to strengthen its position in North America.

Aptar is also focusing on boosting its position in emerging markets, as these present various opportunities for growth. For instance, the company announced the building of a new facility in India in 2021. With the addition of molding capabilities as part of its growth ambitions in Mumbai, Aptar Pharma is expected to be able to provide its pharma customers in the South East with additional cutting-edge product options.

Lumson, another leading airless packaging manufacturer, announced in 2021 that it has signed an agreement with Marino Belotti Srl (Belotti), a renowned Italian business to create premium makeup packaging solutions. The acquisition is a component of a larger expansion strategy for Lumson to quickly expand its market share in Italy and internationally, thereby enhancing its position as a leader and its geographical presence.

Airless packaging manufacturers are also focusing on boosting the confidence of their investors through announcements of earnings and profits. For instance, Silgan Holdings, a leading company in the field of airless packaging, announced in 2021 its second quarter net sales of US$ 1.54 billion, an increase of 14.5 percent over second quarter net sales of US$ 1.35 billion in the previous year.

These insights are based on a report on Airless Packaging Market by Future Market Insights

































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