The global atmospheric foam packaging market was pegged at 1,461.6 Million Units in 2022 and is expected to exhibit a CAGR of 1.59%, in terms of volume, over the forecast period (2023 – 2030), to reach 1,929.1 Million Units by 2030.
Driver:
Increasing health and hygiene awareness:
Increasing health and hygiene awareness is expected to drive atmospheric foam packaging market growth over the forecast period. Several market players are focusing on creating awareness among consumers. For instance, in 2022, CDC Centers for Disease Control and Prevention U.S. launched Life is Better with Clean Hands, a new national campaign designed to motivate adults to make clean hands part of their daily lives.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2022: | US$ 1,461.6 Mn |
| Historical Data for: | 2017-2021 | Estimated Year | 2023 |
| Forecast Period 2023 to 2030 CAGR: | 1.59% | Forecast Period: | 2023-2030 |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: |
Albea S.A., RPC Group, Rieke Packaging System, Guangzhou Talents Cosmetics Packaging Co., Ltd., CLC Co., Ltd., Mitani Valve Co., Ltd, Yoshino Industrial Co., Ltd., Daiwa Can Company, Ltd, Hangzhou Ruijing Packaging Co Ltd, Zhongshan HaiFeng Packaging, and Zhejiang JM Industry Co. Ltd. |
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| Growth Drivers: |
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| Restraints & Challenges: |
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Restraint:
Alternative available as Airless foam dispenser packaging:
Airless foam dispenser packaging is an alternative to atmospheric foam packaging, where, it allows users to use over 95% of the contents of the bottle, which is much higher than atmospheric foam pump. This is expected to increase demand for airless pump packaging and is expected to hamper the atmospheric foam packaging market over the forecast period. For instance, in June 2022, Seacliff Beauty ia a beauty packaging industry launched its metal-free Mono-Material Airless System Packaging, comprising 100% polyethylene (PE), allowing for easy disposal, collection, and recycling. The packaging is also available in sugarcane PE.
Global Atmospheric foam packaging Market- Impact of Coronavirus (Covid-19) Pandemic
COVID-19 had a negative impact on atmospheric foam packaging. Due to the lockdown supply chain, transportation, manufacturing, production was affected and this results lack in demand for atmospheric foam packaging. However after COVID-19 market is growing and it will also grow positively in forecast period.
Figure 1. Global Atmospheric foam packaging Market Share (%), By Region, 2022
Among regions, Europe is expected to hold a significant market share in the global atmospheric foam packaging market over the forecast period, owing to the growth of the cosmetics industry in the region. Foam packaging has several end-use applications in the cosmetic industry such as the packaging of hair care products, body care, and other products.
Figure 2. Global Atmospheric Foam Packaging Market Share (%), Analysis, By Foam Pump Type, 2022
On the basis of foam pump type, the dual chamber segment is expected to witness significant growth in the global atmospheric foam packaging market over the forecast period. Dual chamber foam pump type is used in cosmetic and makeup products. The growing cosmetic industry is therefore expected to boost demand for dual chamber foam pump types.
Among application, the body care segment is expected to hold a significant market share over the forecast period. Increasing healthcare, hygiene, and personal care expenditure across the globe is expected to drive atmospheric foam packaging market growth over the forecast period.
Adoption of strategies such as mergers & acquisitions and new product launches by the market players are expected to drive the growth of the global atmospheric foam packaging market over the forecast period.
Recent Development:
On March 1, 2022-TriMas Corporation, is a diversified manufacturer of engineered products that serve a variety of industrial, commercial and consumer end markets worldwide announced that it had acquired Intertech Plastics, a leading injection molding company specializing in manufacturing precision plastic parts for the medical, packaging, industrial, and consumer goods industries.
On February 17, 2023- Rieke Packaging System launched foam pumps, it offers a variety of finger, palm and squeeze foamers with dosage options ranging from 0.4cc to 1.5cc. Foam dispensing pumps are rapidly increasing in popularity due to the unique user experience they provide.
On December 19, 2022- Engineered Foam Packaging (EFP), a leader in the design and manufacturing of custom protective packaging and cold chain solutions, announced the acquisition of the North Carolina-based company, NatureKool, Incorporated, the world’s first natural fiber insulated shipper.
On November 1, 2022-SEE announced that it has signed a definitive agreement to acquire Liquibox, a pioneer, innovator, and manufacturer of bag-in-box sustainable fluids & liquids packaging and dispensing solutions for fresh food, beverage, consumer goods, and industrial end-markets.
Major Players:
Major players operating in the global atmospheric foam packaging market include Albea S.A., RPC Group, Rieke Packaging System, Guangzhou Talents Cosmetics Packaging Co., Ltd., CLC Co., Ltd., Mitani Valve Co., Ltd, Yoshino Industrial Co., Ltd., Daiwa Can Company, Ltd, Hangzhou Ruijing Packaging Co Ltd, Zhongshan HaiFeng Packaging, and Zhejiang JM Industry Co. Ltd. among others.
Market Definition:
An atmospheric foam pump is a dispensing device that dispenses liquid soap in a non-aerosol way in the form of foam. The foam pump is widely used in personal care and cosmetic products such as liquid hand wash, mousse cleansing foam, hand sanitizer, conditioning mousse, baby products, sun protection foam, and others.
Atmospheric foam pump is a device, which is used to dispense out soap in the form of foam. A foam pump dispenser dispenses a particular quantity of liquid, which results in reducing wastage and increases hygiene as the product only touches the user’s hand or a container. These pumps offer greater convenience, as the products are quicker and easier to use. It delivers improved efficacy and lower usage costs. The foam dispenser pump also helps in reducing the environmental impact by offering less packaging waste and less water consumption.
Market Dynamics
Growing health and hygiene awareness among consumers is expected to drive the growth of the global atmospheric foam packaging market over the forecast period. Foam dispensers have a better ability to spread dispensing liquid compared to lotion soaps, which makes them more effective. Regular lotion containing soaps or non-transparent soaps clog up the pump faster, The foam dispenser allows the consumer to use the solution with no drips or clogging of pumps.
The Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO) recommend that washing hands is one of the best ways to prevent the spread of flu and other germs is by washing hands. Furthermore, WHO encourages health care and hospitals to adopt “My 5 Moments for Hand Hygiene”. Such favorable policies help in creating hygiene awareness among consumers, which is expected to fuel demand for dispensers, and in turn, it is expected to drive the growth of the atmospheric foam packaging market over the forecast period.
Technological advancements in foam dispenser pumps are expected to drive the growth of the atmospheric foam packaging market over the forecast period. Various manufacturers are focused on developing foam pump packaging. However, the presence of alternatives to atmospheric foam packaging such as standard soap dispensers and airless foam dispensers is expected to restrain the growth of the market.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
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