The airless pump market survey published by Future Market Insight (FMI) offers qualitative and quantitative assessment of key dynamics and macro-economic indicators affecting growth between 2021 and 2031. To offer a refined demand outlook, the market has been segmented in terms of pump type, material, application, and region. The study also discloses key expansion strategies adopted by the market players to gain competitive advantage.
Future Market Insights (FMI), Dubai: As per FMI, the global airless pump market is projected to reach US$ 234.6 Mn in 2021. In response to the growing demand for contamination-free and air-tight packaging solutions across the personal care sector, the market is expected to surpass US$ 399.5 Mn by the end of 2031.
Owing to their exceptional dispensing ability airless pumps are gaining immense popularity across packaging applications for various cosmetics and personal care products, such as body lotion, foundation, perfumers, serums shampoos, deodorants, and others.
Rising demand for the aforementioned products due to growing expenditure on skincare and facial aesthetics is expected to spur the sales of airless pumps at 1.8X between 2021 and 2031.
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Historically, the market grew at a CAGR of 3.3% from 2016 to 2020. Increasing emphasis on improving the usability of cosmetic products to offer sophisticated and luxurious feel is propelling the demand.
Further, highly customizable yet technology-oriented airless packaging solutions such as airless pumps will also boost the market.
On account of this, the market for airless pumps is expected to expand at a CAGR of 5.5% during the forecast period 2021-2031.
As per FMI, Asia Pacific is estimated to emerge as a highly lucrative region in the global market, projecting sales at a CAGR of 6.8% through 2031. Factors driving the growth across region is emergence of new players and investment of global cosmetics giants such as Unilever, L’Oréal, and others.
Also, easy availability of raw metal and plastic materials, and low labor cost will drive the demand across China, India, and Japan.
“Increasing availability of local as well as international cosmetics & beauty care brand products due to rising e-commerce penetration is expected to accelerate the growth of the market,” says the FMI analyst.
Key Takeaways from the Airless Pump Market Study
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As per FMI, the top five companies operating in the global airless pump market are Aptar Group, Inc, Silgan Holdings, Inc, Albea S.A, Rieke Corporation and Quadpack. These players are anticipated to account for around 30% to 35% market share in 2021.
Leading companies are focusing on adoption growth strategies such as product launches, expansions, acquisition and strategic partnerships with other manufacturers to expand their manufacturing capabilities and product portfolio. For instance,
Some of the key players operating in the market profiled by FMI are:
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More Valuable Insights on Airless Pump Market
The global airless pump market study published by Future Market Insights incorporates incisive coverage on the competitive landscape through 2021 and beyond. The study also divulges deeper insights on the crucial trends and drivers shaping the growth in the market. In order to understand the potential, scope of the growth, and opportunities, the market is segmented on the basis of:
By Pump Type:
Key Questions Covered in the Report
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