Based on the recent analysis by Future Market Insights (FMI), the airless pumps market is poised for positive growth, with global sales projected to increase by 2.7% year over year, reaching an estimated total of US$ 251.5 million in 2023. The forecast indicates a robust upswing in demand, with a projected Compound Annual Growth Rate (CAGR) of 5.3% between 2023 and 2033, positioning the market to surpass US$ 422 million by 2033. This outlook underscores the market’s resilience and its role as a vital component in various industries, reflecting the sustained demand for efficient and reliable dispensing solutions.
The increasing demand for eco-friendly packaging has propelled airless pumps into the spotlight as a more sustainable alternative to traditional packaging methods. This shift towards environmentally conscious choices among consumers presents a substantial opportunity for the airless pump market to expand, reflecting a growing awareness of the environmental impact of packaging materials. As sustainability becomes a key consideration in consumer preferences, the airless pump market is well-positioned to capitalize on this trend and play a pivotal role in meeting the demand for packaging solutions that align with eco-friendly principles.
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Experiencing consistent growth, the airless pump market in the United States has been propelled by a rising appetite for cosmetic and personal care products adopting airless pump packaging. With an impressive market share of 18.8% in 2022, the United States stands as a dominant force in the global airless pump market. The beauty industry in the U.S. exhibits resilience, with a strong likelihood of maintaining its momentum even during economic slowdowns. Notably, consumer preferences for natural, clean, and sustainable ingredients play a pivotal role in attracting customers to emerging cosmetic businesses, emphasizing the significance of product attributes in shaping market dynamics.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Airless Pumps market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global Airless Pumps market. Some of the players in the global Airless Pumps market are
- Albéa S.A.
- Richmond Containers CTP Ltd
- Frapak Packaging B.V.
- Rieke Corporation
- Raepak Ltd.
- Unicom International Ltd.
- APackaging Group
Key Airless Pumps Market Takeaways and Projections
- The U.S. is expected to lead the North America Airless Pumps market, projecting the fastest growth in the region between 2023-2033
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2033.
Latest Developments-
- In January 2023, APF Futurity is the first metal-free, multi-dose nasal spray pump created by Aptar Pharma, a division of AptarGroup, Inc. It is developed to administer nasal saline and other equivalent over-the-counter (OTC) formulations.
- In July 2020, AptarGroup Inc. broadened its PCR dispensing portfolio in North America with two new airless pump launches.
Demand for Handheld Airless Pump Continuously Rising
Anticipating a noteworthy Compound Annual Growth Rate (CAGR) between 2023 and 2033, the handheld airless pump segment stands out as a prevalent choice in the airless pumps market based on pump type. This segment’s popularity is attributed to the seamless blend of convenience, enhanced product preservation, versatility, and environmental considerations. The demand for handheld airless pumps is propelled by their user-friendly nature, efficient product dispensing capabilities, and their ability to minimize product waste. These pumps play a crucial role in preserving products by preventing the entry of air, bacteria, and contaminants, ensuring an extended shelf life for the contents.
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Airless Pumps Market: Market Segmentation
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
- Makeup
- Perfumes & Deodorants
- Liquid Soap
- Shampoos & Conditioners
- Other Applications
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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