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Sep 29, 2020 (AmericaNewsHour) —
Global Airless Packaging Market was valued at USD 4.3 Billion in the year 2017. Global Airless Packaging Market is further estimated to grow at a CAGR of 5.08% from 2019 to reach USD 6.32 Billion by the year 2025.
North America region holds the highest Market share in 2017 and Europe Market is considered as the fastest growing Market in the forecasted period due to growing demand for recycling products and technological advancements. At a country level, the U.S. & Canada is projected to grow strongly in the coming years.
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Major market players in Airless Packaging Market are ABC Packaging Ltd, Albea Beauty Holdings S.A., HCP packaging co. ltd., AptarGroup Inc., Lumson SPA, Fusion Packaging, Raepak Ltd, Libo Cosmetics co. ltd., Silgan Holdings Inc. Quadpack Industries, and brief overview of 11 companies is also provided in the report. Better global reach at operational level is the main reason the key players are holding substantial Market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
SWOT Analysis of Airless Packaging Market:
Growing usage of recycled products
Providing high quality premium products
Demand for Convenient Packaging
High production cost
Innovative designs & offerings
Advancements in technology
Volatile Raw Material Prices
Stringent government regulations
The segmentation are done on the basis of Packaging Type, By Material Type, by End Users and by region. On the basis of packaging type the global Airless Packaging Market is sub segmented as bags & pouches, bottles & jars, tubes and others of which