The airless pump market will expand positively, with an estimated total revenue of US$ 230 Mn in 2021. According to Future Market Insights (FMI), airless pump sales will grow at a 5.5% CAGR between 2021 and 2031.
The APAC airless pump market is expected to be a money bank for manufacturers throughout the assessment period. APAC is estimated to account for roughly 33% of the worldwide market share by the end of 2031, owing to fast penetration of top cosmetic brand owners and developments in the packaging sector.
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Competitive Landscape
Companies operating in the airless pump market are aiming at product launches, expansions and strategic partnerships with other manufacturers. The key players are also focusing on expanding their product manufacturing capabilities, product portfolio, and global presence. Leading airless pump manufacturers are committed to research and development initiatives and are consistently offering innovative applications of the product for many industries.
Key Companies Profiled
- Albéa S.A.
- AptarGroup, Inc.
- Silgan Holdings Inc.
- Richmond Containers CTP Ltd
- Frapak Packaging B.V.
- Rieke Corporation
- Raepak Ltd.
- Unicom International Ltd.
- APackaging Group
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2015-2020 Airless Pump Market Outlook Compared to 2021-2031 Forecast
Majorly driven by the growth of the cosmetic and personal care industry across the globe, the airless pump market is anticipated to rise at 5.5% CAGR from 2021 to 2031 in comparison to the 3.3% CAGR registered during 2015 to 2020.
In last couple of years, airless packaging, especially in the personal care and cosmetic industry has gained immense traction owing to its exceptional dispensing ability. Incorporation of airless mechanism in cosmetic pumps and dispensers has redefined the market growth.
Value added benefits of airless pumps such as extensive range of viscosities, high treatment efficiency, extended shelf life of formula, and several others have pushed the popularity of airless pumps among end users. Airless pumps dispense precise and accurate amount of product, which further reduces and avoids unnecessary waste.
These pumps allow end users to dispense the content without taking off the lid, when the content is low. All these factors not only outweigh the traditional pumps available in the market but also offer tailwinds to sales of airless pumps.
How is the Flourishing Cosmetics Industry Driving Sales of Airless Pump?
The global personal care and cosmetics industry registered high growth in the last few years and is projected to continue exhibiting impressive rise in sales through 2031. Exponential growth of the personal care and cosmetics industry is substantially driven by product innovation and rising expenditure by consumers on skin care products, fragrances, color cosmetics, and personal care products.
Besides this, remarkably increasing online sales of beauty products in emerging as well as mature markets has resulted in positive impact on the cosmetics industry. The rising demand for cosmetics and skincare products with easy to use, attractive, and sustainable packaging solutions that ensure minimum wastage of product will bode well for the market.
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Airless Pump Market by Category
By Pump Type:
- Multi Chamber Airless Pumps
- Handheld Airless Pumps
By Material:
- Plastic
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
- Others
- Metal
By Application:
- Body Lotions
- Hand Care Lotions
- Make Up
- Perfumes & Deodorants
- Liquid Soap
- Shampoos & Conditioners
- Other Applications
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Australasia
- Middle East and Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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