Global Airless Packaging Market 2018-2022
About Airless Packaging
Airless packaging solutions are non-pressurized and tamper-proof dispensing systems that enable the delivery of products with no air intake and airtight sealing.
Technavio’s analysts forecast the global airless packaging market to grow at a CAGR of 6.96% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global airless packaging market for 2018-2022. This market research report offers a comprehensive analysis of the market segmentation by end-user (personal care, healthcare, and home-care).
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Airless Packaging Market 2018-2022
Technavio recognizes the following companies as the key players in the global airless packaging market: Albéa, AptarGroup, HCP Packaging, Quadpack, and Silgan Dispensing Systems.
Commenting on the report, an analyst from Technavio’s team said: “Major vendors are able to offer low-cost products owing to their geographic expansion after the acquisition of small regional vendors. This allows the big established vendors to achieve economies of scale and the operating costs decreases for small vendors. Thus, the increasing number of M&A is expected to contribute to the growth of the highly competitive airless packaging market.”
According to the report, one of the major drivers for this market is the rising demand for convenient packaging by end user industries such as personal care, healthcare, and home-care. These airless packaging solutions are easy to use and generates less waste. The convenience of the airless packaging systems will lead to its increased adoption in the next five years, leading to market growth.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuations in the prices of raw materials such as plastic and glass. The plastic segment holds the highest market share of the airless packaging market. Thus, any fluctuation in the prices of polymers will hamper the growth of the airless packaging market.
Silgan Dispensing Systems