[200 Pages Report] Amid the COVID-19 pandemic, FMI has revised the global airless packaging market growth projections, attributed to shortfalls in production cycles and supply chain disruptions. Despite this revision, growth prospects appear largely positive for the assessment period 2020-2030.
Future Market Insights’ latest report on the airless packaging market provides an overall analysis of key factors that may impact growth between 2020 and 2030. Global demand for airless packages will slow in the short term, but will recover early as e-commerce sales grow, according to a new FMI study.
Traditionally, airless packages are used extensively in the cosmetics sector. FMI believes that the status quo will not change during the evaluation period. Various cosmetic manufacturers are diversifying into body care products that are considered the main driver of airless packaging solutions.
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Notable players in this landscape include Aptar Group Inc., Albea Beauty Holdings SA, LUMSON SPA, Silgan Holdings Inc., HCP Packaging, Quadpack Industries, Libo Cosmetics Company and Fusion Packaging.
Airless packaging manufacturers are looking for some innovative packaging solutions by incorporating a variety of materials such as high density plastics, glass and other eco-friendly materials to attract potential customers. increase.
Albea Beauty Holdings SA’s dispensing product portfolio was recently acquired by Silgan Holdings Inc. The acquisition aims to expand Silgan Holdings Inc’s portfolio of dispensing solutions and gain a much larger customer base. The company’s latest product launch includes a 17mm diameter mini NEA lotion pack tube.
Bottles and jars: preferred airless packaging type
Bottles and jars have gained a great deal of traction due to their high capacity to hold large amounts of cosmetic formulations and their ease of storage.
At the same time, airless tubing is expected to grow most rapidly due to the growing demand for lightweight, disposable packaging solutions. Airless pump tubes provide nearly 100% product emissions and offer these highly preferred options for various cosmetic manufacturers.
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Important point
- Depending on the type of package, bottles and jars will remain the most preferred option
- Polypropylene-derived plastic packaging materials continue to be the most popular due to their lightweight and inert properties.
- Europe will be the largest market for airless packages. Market growth is complemented by the surge in adoption of airless packages in Asian countries
- Airless pumps can skyrocket in popularity due to a dispensation rate of almost 100%
- Demand for sustainable packaging solutions that force vendors to incorporate environmentally friendly materials
COVID-19 impact analysis
The COVID-19 pandemic caused a global financial crisis, severely disrupting the production cycle across prominent industrial areas. Supply chain distortions have reduced profits and profit margins, resulting in a significant shortage of cash reserves.
The aforementioned impacts, albeit at a moderate level, are also felt throughout the airless packaging situation. Consumers are relying on e-commerce channels to purchase their products as cosmetics traditional in-store sales are declining. This supports the demand for airless package solutions.
Important questions answered in the report
- How will the airless packaging market grow between 2020 and 2030? According to Future Market Insights, the global airless packaging market is expected to record a moderate but positive growth trajectory over the next decade.
- Which material is most often used for airless packaging? Plastics are expected to enjoy the largest share due to their high resistance to volatile solvents, acidic and alkaline formulations. Polypropylene plastic is most effective for this purpose.However, glass packaging is also expected to have a significant impact. This is mainly due to its high aesthetic appeal and ability to store large amounts of cosmetic formulations.
Key segment
Packaging type
- Bottles & jars
- Bag & pouch
- tube
- others
Material
- plastic
- Glass
- others
Dispenser type
- pumps
- Dropper
- Twist & click
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In the COVID-19 pandemic, Future Market Insights has revised its global airless packaging market growth forecast due to shortages in production cycles and supply chain disruptions. Despite this revision, the growth outlook for the 2020-2030 evaluation period looks generally positive.