Amid the COVID-19 pandemic, FMI has revised the global airless packaging market growth projections, attributed to shortfalls in production cycles and supply chain disruptions. Despite this revision, growth prospects appear largely positive for the assessment period 2020-2030.
Prioritization of health and wellness objectives has led to notable changes in the global cosmetics industry. This shift in enhanced skincare has prompted cosmetic giants to upgrade their product portfolios. This has also necessitated the need for effective packaging solutions that maintain product integrity, while appealing to the eyes of the most discerning of consumers.
Airless packaging manufacturers are exploring several innovative packaging solutions by incorporating various material such as high-density plastics, glass and other eco-friendly material in order to attract potential clients.
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Key Takeaways
“Increasing virtual transactions regarding cosmetics is prompting airless packaging manufacturers to offer safe packaging solutions to prevent any damage during transit,” comments the FMI analyst.
COVID-19 Impact Analysis
The COVID-19 pandemic has led to a global financial crisis, with production cycles across prominent industrial domains being immensely disrupted. Supply chain distortions are narrowing revenue and profit margins, leading to significant shortfalls in cash reserves.
The aforementioned impacts are also being felt across the airless packaging landscape, albeit at a moderate level. As traditional brick and mortar sales of cosmetics have dipped, consumers are relying on e-commerce channels to purchase their products. This is sustaining the demand for airless packaging solutions.
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Until 2022, a mild deceleration of growth is expected due to government mandated lockdowns which have disruption various logistical apparatuses required to transport the required material to manufacture airless packaging products. Post-pandemic, however, growth is expected to be restored to its normal trajectory, offsetting all disruptions and shortfalls.
Competitive Landscape
The global airless packaging market landscape is characterized by the presence of several reputed and small-scale players. A number of strategies, including product differentiation, pricing, product customization and collaborations, are deployed by these players to increase their presence.
Some prominent players within this landscape are Aptar Group Inc., Albea Beauty Holdings SA, LUMSON SPA, Silgan Holdings Inc., HCP Packaging, Quadpack Industries, Libo Cosmetics Company and Fusion Packaging among others.
In May 2020, Aptar Group Inc. successfully launched the Essencia Screw Pump for refillable fragrances. This product launch was in response to surging demand for sustainable packaging solutions. The pump allows eco-conscious consumers to refill and reuse the pump for multiple uses.
Recently, Albea Beauty Holdings SA’s dispensing product portfolio was acquired by Silgan Holdings Inc. This acquisition aims to expand the latter’s dispensing solutions portfolio and capture a much larger customer base. The company’s most recent product launch includes the Mini NEA Lotion Pack tubes measuring 17 mm in diameter.
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Airless Packaging Market Key Segments
By Packaging Type
By Material
By Dispenser Type
By Region
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