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Airless Bags and Pouches Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A07844
Pages: NA
Dec 2020 | 42 Views
 
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Airless bags and pouches are the packaging materials that are used to remove air from packages before sealing them. The airless packaging process involves placing the products in a package, extracting the air from inside, and sealing the items inside the package. The major objective of these materials is to prolong the shelf life of the packaged products and reduce the volume of the packages. These packaging materials prevent the growth of fungi or aerobic bacteria by reducing the atmospheric oxygen and ensure that volatile items do not get evaporated. They can be used to store products such as nuts, cereals, cheese, dry foods, and more. These packaging materials have major applications in industries such as food & beverages, pharmaceutical, chemical, and others.  

Market scope and structure analysis:

              Report Metric                  

                                             Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value ($USD Million)

  Segments covered

  Product Type, Material, Application, and Region

  Regions covered

North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, Italy, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and the Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

 

Major players analyzed include ABC Packaging Ltd., AptarGroup, Inc., Albéa, Libo Cosmetics Company, Ltd., Quadpack Industries, HCP Packaging, Lumson SPA, Silgan Dispensing Systems, Fusion Packaging, and Raepak Ltd.

 

 

COVID-19 Scenario analysis:

  • COVID-19 crisis is likely to affect the airless bags and pouches industry negatively, as a result of halted manufacturing and massive reduction in demand for luxury and non-essential services globally.
  • COVID-19 crisis had a mixed impact on the packaging industry, mainly due to closure of physical retail stores globally. However, the availability of online retailing has absorbed the high impact of this shutdown.
  • The requirement of eCommerce specific packaging is likely to remain strong, although the ecommerce companies would have to focus on protection of goods and sanitization of packages. 
  • In addition, the food packaging industry is on the frontline within the global packaging market, owing to the demand for essential products such as groceries and fresh food mainly from local e-retail sites. 
  • Industrial, transportation, and bulk packaging has faced a sharp decline, owing to decreased demand for non-essential goods during the first two quarters of 2020. 
  • Owing to the lowered disposable income of maximum population and weak demand for packaging from industrial goods, the packaging industry might face significant pressure of reduction in both wholesale as well as retail costs. 
  • Consumers are likely to stay hesitant for consumption of luxury products, travel, and hospitality services, which is expected to hinder the packaging industry growth in the future after the COVID-19 crisis. 

Drivers, restraints, and opportunities

Rising demand for prestige products along with increasing applications of food & beverages and personal care are the major factors that are expected to drive the growth of the airless bags and pouches market in the upcoming years. Besides, increasing disposable income of the consumers can increase the demand for homecare products, which is another key factor that can potentially fuel the growth of the airless bags and pouches market. Moreover, new product developments with sustainable features offered by key market players can boost the growth of the airless bags and pouches market. However, growing awareness about the ill effects of plastics and disposal of plastic materials are the restraining factors that are hampering the market growth. On the contrary, technological advancements and increasing investments for R&D to minimize the overall production and manufacturing costs are anticipated to provide lucrative growth opportunities for the airless bags and pouches market during the forecast period.

Trends in airless bags and pouches market

Launch of new products to flourish the market

Growing concerns regarding the harmful effects of using plastic packaging materials have forced the manufacturers in the airless bags and pouches market to come up with sustainable packaging materials that can be easily disposed and recycled. To cite an instance, in 2020, APC packaging, a U.S.-based company launched its Airless Refillable System for cosmetic packaging. The impressive feature of this product is that it can be used with post-consumer recycling (PCR) to minimize the carbon footprint; thus, reducing the adverse effects on the environment. Such new product developments with sustainable features are anticipated to create a positive impact on the growth of the airless bags and pouches market in the upcoming years. 

Rising need for environmentally friendly products

The increasing focus on environmental safety supported by stringent regulations has forced manufacturers to come up with packaging materials that are safer for the environment. Out of all the alternatives available, the bioplastics have proved to be a sustainable alternative to traditional packaging materials like plastic. Bioplastics are completely or partially compostable, biodegradable, or bio-based as they are manufactured using renewable sources like sugarcane, corn, bacteria, algae, and others, which incur small carbon content. Bioplastics are environmentally friendly products that can minimize the use of petroleum-based raw materials for medical purposes. Such new product developments in the packaging industry can boost the growth of the airless bags and pouches market during the forecast period.  

Key segments covered:

                        Segment

                              Sub-segment

  Product type

  1. Bags
  2. Pouches

  Application

  1. Personal care
  2. Healthcare
  3. Others

  Material

  1. Plastic
  2. Paper
  3. Others

 

Key benefits of the report:

  • This study represents the analytical representation of the global airless bags and pouches market combined with the ongoing trends and future predictions to determine investment opportunities.  
  • The present market is thoroughly analyzed from 2019 to 2027 to enlighten the airless bags and pouches market growth.
  • The report gives information regarding the important drivers, restraints, and opportunities provided with an in-depth analysis of the market.
  • Segmentation details of the global airless bags and pouches market.
  • The report gives a comprehensive global airless bags and pouches market analysis based on competitiveness and how the performance of the competitors will take shape in the coming years. 
 
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