The airless pump market that projects positive market development through 2023, with worldwide sales rising by 2.7% annually. Sales of airless pumps are predicted to bring in a total of US$ 251.5 million in revenue by 2023. According to FMI, the demand is anticipated to increase at a 5.3% CAGR between 2023 and 2033. It is projected that the market will surpass US$ 422 million by 2033.
High durability, effective barrier-resistance, lightweight nature, and affordability of airless packaging promote the market growth of the same over the forecast periodThe rising concern for the environment has encouraged diverse sustainability drives. This has led many manufacturers in the packaging sector to employ recyclable packaging materials to meet the escalating demand for environmentally friendly products. In the past few years, airless packaging has expanded its product line to include different types such as airless bottles, tubes, and jars.
Request a Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-13418
These products are inviting increasing demand from different industries like skincare and healthcare as these bottles would aid in the prevention of contamination and help in extending the shelf life. Hence, elevated demand for various cosmetic and skincare products such as creams, foundations, and serums along with a demand for a longer shelf life of the same products is expected to foster growth for the target market.
At present, Europe accounts for the largest share of the global airless packaging market. Owing to the strong presence of numerous renowned fashion and cosmetic brands, particularly in Paris, the region holds over 35.5% of the market. Different skincare brands across Europe are accentuating the use of sustainable airless packaging for addressing rising concerns associated with sustainability and protection of the product against oxidation. All of these considerations boost the overall market growth of airless packaging in the global space.
“Increasing demand for a wide range of cosmetic products as well as a growing need for a longer shelf life of the same augments the global sales of the airless packaging market during the forecast period,” says an FMI analyst.
Get in Touch with Our Sales Team to Secure Your Copy of the Report Now!
https://www.futuremarketinsights.com/checkout/13418
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.
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
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.
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
About Future Market Insights Inc. (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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube