Airless Packaging Market Size to Grow by $ 806.20 mn through 2021-2025 | Forecast and Trend Analysis
Technavio has been monitoring the airless packaging market and it is expected to grow by $ 806.20 mn, accelerating at a CAGR of almost 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Airless Packaging Market: Emerging Trends to Impact Market Growth
Increasing demand for luxury packaging to emerge as a key trend in the industrial airless packaging market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Airless Packaging Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Akey Group LLC, Albéa Services SAS, APC Packaging, AptarGroup Inc., Cosmopak USA LLC, Essel Propack Ltd., GreenSpense Ltd., O.Berk, Quadpack Industries SA, and Silgan Dispensing Systems are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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Technavio has been monitoring the global airless packaging market and it is expected to grow by USD 806.20 million accelerating at a CAGR of over 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Airless Packaging Market: Segmentation by End-user
During 2019, the personal care segment accounted for the major share of the Airless Packaging Market. Packaging is a key aspect of promoting and selling personal care products. Hence, the demand for airless packaging solutions from the personal care industry is increasing. Skincare and hair care product manufacturers have shifted from using dispensing closures and screw caps to airless pump dispensers to improve convenience. Also, several airless packaging companies, including Silgan Dispensing Systems, offers airless packaging with an easy-to-push actuator aimed for controlled and comfortable dispensing. The company also launched an airless pump-on-tube, named Amplify, in 2018, in partnership with Neopac. Thus, the rising demand for convenient packaging solutions will drive the growth of the airless packaging market during 2020-2024.
Airless Packaging Market: Segmentation by Geography
APAC was the largest Airless Packaging Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 42% of the market’s growth will originate from APAC during the forecast period, with China being a key market for airless packaging in the region. Market growth in this region will be faster than the growth of the market in other regions.
Airless Packaging Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Akey Group LLC, Albéa Services SAS and APC Packaging are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
