The global airless packaging market
is experiencing intense competition on account of the presence of a
number of players, states Transparency Market Research (TMR) in its
latest research report. There is cutthroat competition between the
leading players such as HCP Packaging, LUMSON SPA, Westrock, and Aptar
Group Inc. Most of the players currently are setting their eyes upon
expanding their business in Europe, as this region holds promising
growth opportunities.
According to TMR, the global airlines
packaging market is anticipated to expand at a steady pace and reach an
evaluation of US$6.34 bn by 2024. On the basis of geography, is expected
that Europe will emerge is the most promising regional market. Europe
is currently the leading regional market as well on account of the
stupendous efforts taken by market players on the research and
development of improved products. The European regional market for
airless packaging will expand at a 5.1% CAGR between 2016 and 2024. The
demand from North America is also expected to be healthy. Asia Pacific
is also anticipated to register a high growth rate in the years to come.
Plastic Airless Packaging Witnessing Comparatively Higher Demand than Glass Airless Packaging
On the basis of type of packaging,
plastic is expected to witness higher demand as compared to glass
airless packaging. The demand for plastic airless packaging is higher
than glass as plastics make ceiling of contains extremely hassle free
and this is especially true for the food and beverage products. The
elasticity of plastics is one of the key reasons behind their higher
adoption. In addition to this plastic boosts longevity of products.
Request a PDF Brochure With Future Analysis@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14600
Airless packaging solutions, offer a
type of packaging and dispensing system which leverages on the
difference in the environment pressure so as to build a vacuum which can
help in the releasing of a product when the valve is opened. Airless
packaging such as jars, tubes, and bottles are becoming increasingly
popular across the cosmetics and food and beverage sectors. The growing
demand for airless packaging is also due to the fact that it helps
keeping products with sensitive formulations, intact.
Zero Wastage of Contents to Drive Adoption
Airless packaging is becoming popular as
it brings about zero wastage. With airless packaging such as comp, it
is possible to access 95% of the content which is extremely high as
compared to Conventional pumps. Moreover, the freshness and efficacy of a
product is maintained on account of airless packaging. The personal
care industry and cosmetic industry out of the Forefront of using
airless packaging. Cosmetic and personal care companies such as Nivea,
L’ Oreal, Oriflame, and Olay are making extensive use of airless
packaging. However, there is very little scope of product
differentiation and this is limiting the growth of the global areas
packaging market.
0 comments:
Post a Comment