Sonoco Products Company, RPC Group Plc and Silgan Holdings Inc. are dominating the Global Airless Packaging Market in 2018

Global Airless Packaging Market is expected to reach USD 6,574.66 million by 2026 from USD 4,180.00 million in 2018 growing at a substantial CAGR of 5.8% of in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:

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The airless packaging is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to the rising demand from cosmetics and personal & health care products industries around the world.

The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technologies. For instance, in May 2019, RPC Group Plc (U.K.) announced to launch new design of magic Pur airless dispensers. It is an ideal product for a variety of personal care and cosmetic applications. After this launch the company has availability of 50ml and 100ml versions of Magic Pur dispenser.

Sonoco Products Company dominated the airless packaging market and accounts for the highest market share in 2018 which is followed by RPC Group Plc and Silgan Holdings Inc. The other key players existing in the market includes O.Berk Company, LLC, ALBEA, AptarGroup, Inc, HCT Group, East Hill Industries, LLC, Cospack America Corp, Viva Group, LUMSON SpA, Rieke, HCP Packaging, FUSIONPKG, RPC Group Plc, TricorBraun, WWP, RAEPAK LTD, BALL CORPORATION, Ningbo Gidea Packaging Co.,Ltd and Amcor plc.

Sonoco Products Company:

Sonoco Products Company headquartered in Hartsville, U.S. was founded in 1899. The company deals in the manufacturing of packaging products for various industries. The company operates through four business segments which include consumer packaging, paper and industrial converted products, protective packaging solutions, display and packaging.

Consumer packaging, paper and industrial converted products, protective packaging solutions, display and packaging are the market focused segments of the market. The consumer packaging business segment of the company is engaged in the packaging used in stacked chips, snacks, nuts, cookies, crackers, other hard-baked goods, candy, gum, frozen concentrate, powdered and liquid beverages and other consumer goods. Paper and industrial converted products segment deals in the markets for Converted paperboard, construction, home goods, recycling, plastic, films, paper mills, shipping and storage, tape and label, textiles, wire and cable and adhesives. Protective packaging solutions segment operates in the packaging solutions for appliances and electronics, automotive, frozen and refrigerated foods, medical/pharmaceutical, home goods, office furnishings, promotional and palletized distribution, fitness equipment, HVAC. Display and Packaging segment deals in the packaging solution for Electronics, snacks and nuts, home and garden, pet treats, medical/ pharmaceutical, confection, personal care, food, cosmetics and fragrances, office supplies, toys.

It has its global networks in Europe, North America, South America, Asia Pacific, Middle East & Africa. It operates through its subsidiaries such as Inversiones Sonoco Limitada (Chile), Sonoco Venezuelan (Venezuela), Sonoco de Mexico (Mexico), Manufactures Sonoco SA de CV (Mexico), Sonoco Poland Holdings and others.

RPC Group Plc:

RPC Group Plc headquartered in Rushden, Northamptonshire, U.K. was established in 1991. The company is privately held and focuses in the manufacturing of packaging and non-packaging of plastic products. The company has six product categories namely beverages, food, non-food, healthcare, personal care, technical components. Personal care is the market focused category.

  • In February 2019, RPC Group Plc (U.K.) announced to launch new XL5 airless pump, this product range has various applications such as hair care and spa. The capacity of airless XL5 pump fits onto the 500ml and it can be modified up to 1000ml.

It has its global networks in Americas, Africa, Europe, Asia and Australia.

Silgan Holdings Inc.:

Silgan Holdings Inc. is headquartered in Connecticut, U.S. was founded in 1987. The company is a leading manufacturer of metal and plastic closures and supplies the products for various industries. The company operates through its three business segments, metal containers, closures and plastic containers. Closures is the market focused segment that deals in providing airless packaging products for lids of the glass or any other material utilized bottles and jars. The company has three product categories namely Metal containers, Closures, Plastic containers in which Closures is market focused category. The company has approx. 9,900 employees as of December 2018.

  • In January 2017, Silgan Holdings Inc. announced the acquisition of specialty closures and dispensing systems business of NYSE listed, WestRock Company. The acquisition helped the company to enhance its closure franchise by carrying new abilities.

The company has wide geographical presence in North America, South America, Europe, Asia. It operates through its subsidiaries such as Silgan Containers LLC (U.S.), Silgan Dispensing SYSTEMS Corporation (U.S.), Silgan White Cap LLC (U.S.), among others.