Atmospheric foam packaging Market Was Valued at US$ 1,461.6 in 2030
The global Atmospheric Foam Packaging Market was pegged at 1,461.1 Million Units units in 2022, according to Atmospheric Foam Packaging Market Report, By Foam Pump Type (Squeeze, Handheld, Table Top, Travel Size, and Dual Chamber), By Application (Body Care, Hand Care, Sun Care, Hair Care, Baby Products, and Makeup), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa).
The global atmospheric foam packaging market is expected to reach 1,929.1 Million Units by 2030, exhibiting a CAGR of 1.59% over the forecast period. Increasing hygiene awareness is expected to drive the growth of the atmospheric foam packaging market over the forecast period. There is increasing awareness about healthy skin, hair, nails, and others among the global population. Therefore, the growing need to prevent premature skin aging and preference for effective and safe beauty solutions among consumers are expected to drive growth of the atmospheric foam packaging market. For instance, according to Indian Brand Equity Foundation, in 2022 the Indian packaging industry is witnessing steep growth and is one of the strongest growing segments. According to the Indian Institute of Packaging (IIP), packaging consumption in India increased 200% in the past decade, from 4.3 kgs per person per annum (pppa) to 8.6 kg pppa. The industry is expected to reach US$ 204.81 billion by 2025 from US$ 50.5 billion in 2019 at 26.7% annually.
The availability of alternatives to atmospheric foam packaging such as airless atmospheric foam packaging is expected to hamper the growth of the market. For instance, Airopack Packaging Company offers a dual chamber pump bottle, which requires the mixing of two formulations. In this dual air chamber pump, two different products with different viscosities can be kept separately.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/atmospheric-foam-packaging-market-3075
Browse 150 market data tables* and 82 figures* on "Global Atmospheric Foam Packaging Market” - Global forecast to 2030.
Key Trends and Analysis of the Atmospheric Foam Packaging Market:
- Market players are focused on developing new sensor foam pump technology, which is expected to drive the atmospheric foam packaging market. The importance and awareness about water saving and conservation create an opportunity for manufacturers to provide efficient solutions such as savage of water and energy. Rising environmental concerns such as carbon emissions and water deficit resulted in the development of new pump technology for cosmetics and personal care packaging products. For instance, KASSEL SANITÄR offers a dispenser based on infrared sensor technology or piezoelectric technology, which is easy to refill and install this dispenser. This IR sensor technology dispensed foam with adjustable foam dosage by remote control. According to the company, usage of this electronic foam pump is expected to save about 70% of water compared to regular dispensers.
Key Takeaways of the Market:
- Europe held the largest market share in 2022, in the global atmospheric foam packaging market. As a result, manufacturers in the cosmetics industry are focused on meeting consumer demand in terms of convenience and quality of product packaging.
- Increasing demand for hand care products at airports is expected to facilitate the growth of the atmospheric foam packaging market in Asia Pacific over the forecast period.
- In the global atmospheric foam packaging market, North America region is expected to register a CAGR of 6.2% in terms of value over the forecast period. Rapid expansion and growth of the North America hotel industry is expected to drive demand for atmospheric foam packaging solutions.
- 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.
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