India Airless Packaging Market Estimated to Grow at a Steady Rate Through 2024
Growing consumer preference towards hygienic, clean
superior-quality food packaging to increase shelf life and nutritional value of
the products to propel the growth of the airless packaging market in India
during the forecast period
According to
TechSci Research report, “India
Airless Packaging Market By Type, Material, By End User, Competition,
Forecast & Opportunities, 2024”, India airless packaging market is projected to grow steadily
during the forecast period on account of growing demand for natural and organic
products, growing sales volume of homecare products and growing consumer
preference towards various options under personal care and food & beverages
segments. In addition to this, stringent government regulations and
legislations aiming to reduce industrial pollutants in the environment and rising
awareness about adoption of eco-friendly products, is anticipated to give a
healthy push to the growth of India airless packaging market through 2024.
Furthermore, advancements in packaging technology in need to protect the
product form getting contaminated, is further anticipated to spur the India airless
packaging market growth in the coming years. However, the factor that might act
as major impediment to the market growth over the coming years, is the high
production cost associated with the airless packaging products.
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In terms of material,
the India airless packaging market is segmented into plastic, glass, and others.
Among them, the plastic material segment dominated the market until 2018 in
terms of largest market share and is expected to grow at a rapid pace over the
next five years as well which can be attributed to its numerous properties such
as low manufacturing cost, ease of availability, light weight and capability to
be molded in various shapes and sizes. Based on application, food and beverage
industry is projected to register high CAGR over the coming years owing to
increasing demand from the respective industry where several food products require
airtight packaging to maintain their taste, freshness along with crispiness.
ABC Packaging
Ltd., Aptar Pharma (India) Pvt. Ltd., Fusion Packaging, Albea Betts India Pvt.
Ltd. and Silgan Dispensing Systems India Private Limited etc. among others are
the leading players operating in India airless packaging market.
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“Increasing need
for zero wastage of products from packaging industry in the country has boosted
the demand for airless packaging. Moreover, growing awareness regarding the
reliable and superior-quality packaging for food items is expected to bolster
the growth of India airless packaging market through 2024. Additionally, this
airless packaging allows the manufacturers to minimize the use of
preservatives, which in turn helps in keeping products more organic, thereby
the India airless packaging market is anticipated to rev up during the forecast
period”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based India management consulting firm.
“India Airless Packaging Market By Type,
Material, By End User, Competition, Forecast & Opportunities, 2024” 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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