India Airless Packaging Market to Grow with a CAGR of 4.75% through 2029
Surge in research and development activities is
expected to drive the India Airless Packaging Market growth in the forecast
period, 2025-2029.
According to TechSci Research report, “India
Airless Packaging Market- By Region, Competition, Forecast
and Opportunities, 2019-2029”, the India Airless Packaging Market stood at USD 335.93 million in 2023 and is anticipated to grow with a CAGR of 4.75% in the forecast
period, 2024-2029. Initiatives taken by government based on airless packaging
has led to favorable market conditions for the India Airless Packaging Market.
Several factors contribute to the growth of various airless packaging products.
In an admirable and determined effort to combat
environmental pollution, the Indian government has taken significant steps
towards the complete ban of non-biodegradable polymer materials. This
progressive move not only signifies a strong commitment to sustainability but
also promotes the urgent need for more eco-friendly packaging solutions. Among
these alternatives, airless packaging stands out as a particularly promising
option due to its remarkable efficiency and minimal waste production.
India's dedication to tackling the plastic waste
crisis is evident through its groundbreaking initiatives, including the recent
launch of a Plastics Pact. This visionary pact aims to establish a
comprehensive circular system for plastics, emphasizing the importance of using
recycled materials and reducing plastic waste throughout the entire supply
chain. By indirectly endorsing the use of airless packaging, these efforts not
only foster a more sustainable future but also encourage the adoption of innovative
packaging solutions that align with the principles of environmental
conservation.
With sustainability becoming a global priority,
research, and development (R&D) efforts are increasingly focused on
developing innovative and eco-friendly airless packaging solutions. The aim is
to minimize environmental impacts by exploring the use of recyclable and
biodegradable materials in airless packaging.
For example, some companies are currently
experimenting with bio-based plastics and post-consumer recycled materials.
These cutting-edge materials not only contribute to reducing environmental
footprints but also align with the growing consumer demand for sustainable
packaging options. By incorporating these materials, companies can demonstrate
their commitment to environmental stewardship and cater to the evolving
preferences of conscious consumers.
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The India Airless Packaging Market is segmented into type,
material, end user, regional distribution, and company
Based on its type, the bottles & jars segment held
the largest market share in the forecast period. The structure of bottles and
jars allows for the easy incorporation of airless pumping mechanisms, which not
only ensures the longevity of the products but also enhances the user
experience. With the convenience of easy product evacuation and application, bottles
and jars have become a favored packaging type in various industries.
Plastic and glass materials are primarily chosen for
manufacturing bottles and jars due to their cost-effectiveness and aesthetic
appeal. These materials not only provide durability but also offer a wide range
of design options to cater to different branding needs. Whether it's for
cosmetic or pharmaceutical formulations, bottles and jars come in multiple
volume capacities, making them ideal for traveling or on-the-go application.
By combining functionality, practicality, and
versatility, bottles and jars have evolved into essential packaging solutions
that meet the diverse needs of consumers while ensuring the quality and
integrity of the enclosed products.
Based on region, West India segment is expected to
grow during the forecast period.
With its strategic geographical location on the
western coast of India, this region enjoys convenient access to major ports,
making import and export activities a breeze. In addition to that, the
well-developed infrastructure in the area adds to its allure as a preferred hub
for manufacturers. These factors synergistically contribute to the growth of
the airless packaging market, creating a thriving ecosystem for businesses in
the region.
Major companies operating in India Airless Packaging
Market are:
- ABC Packaging Ltd.
- Aptar Pharma (India) Pvt. Ltd.
- Fusion Packaging
- Albea Betts India Pvt. Ltd.
- Silgan Dispensing Systems India Private Limited
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“Growing application of airless packaging in various
end user industries are key drivers of the airless packaging market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of airless packaging with every
passing year are anticipated to register an impressive growth to India Airless
Packaging Market in the forecast period.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“India Airless Packaging Market
By Type (Bags & Pouches, Bottles & Jars, Tubes, Others), By Material (Plastic,
Glass, Others), By End User (Personal Care, Healthcare, Home Care, Food & Beverages),
By
Region, By Competition Forecast
& Opportunities, 2019-2029”, has evaluated the future growth potential of India
Airless Packaging Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in India Airless
Packaging Market.
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