The global aerosol packaging market is on the verge of reaching US$ 10.7 Billion by the year 2031 at a CAGR of 4.8% between 2022 and 2031.
The Aerosol Packaging Market refers to the production and distribution of aerosol containers, which are pressurized containers used for storing and dispensing products such as personal care items, household cleaners, automotive products, and pharmaceuticals. These containers are designed to release the product in a fine spray or mist form, offering convenience and precise application to the end-users.
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Current Trends in Aerosol Packaging
The Aerosol Packaging Market is characterized by several notable trends that are shaping the industry landscape. Let’s delve into some of these trends:
1. Sustainable Packaging Solutions
In response to growing environmental concerns, there is an increasing focus on sustainable packaging solutions within the aerosol industry. Companies are adopting eco-friendly materials and manufacturing processes to reduce their carbon footprint. This includes the use of recyclable materials, such as aluminum and steel, which are known for their high recycling rates.
2. Customization and Personalization
Consumers today seek products that align with their unique preferences and lifestyles. To cater to this demand, aerosol packaging companies are offering customization and personalization options. This includes the ability to choose different colors, designs, and even scents for the aerosol containers, creating a personalized experience for the end-users.
3. Technological Advancements
Advancements in technology have had a significant impact on the aerosol packaging industry. Companies are leveraging innovations such as 3D printing, smart packaging, and digital printing techniques to enhance product quality, optimize production processes, and improve overall efficiency.
“Leading players are focusing on recyclability option and aesthetic look of the aerosol packaging to woo the end users and customers while adhering to stringent government regulations for sustainable solutions” says the FMI analyst
Key Takeaways
- In terms of product, cans and bottle & cylinders segment collectively holds over 4/5th of the global market share
- Aluminum material is highly sought after and the segment is expected to emerge as the most lucrative segment in the upcoming decade
- Based on cap type, actuators are expected to account for over 35% of market share
- Personal care & cosmetics is the primary end-user for the aerosol packaging market and will expand by 1.46 times to the current market
- Increased application in personal care & cosmetics across the U.S. is expected to bolster the market demand
- India is expected to be one of the most lucrative market backed by the burgeoning demand from personal care industry
- China is anticipated to be the open field of growth opportunities for manufacturers due to the less competition in the region
- U.K. will spearhead the growth in Europe’s aerosol packaging market and is estimated to account for over 25% of market share
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Key Factors Fueling the Aerosol Packaging Market
- Consumer Convenience: Aerosol packaging offers ease of use and portability, allowing consumers to carry products conveniently. The press-and-dispense mechanism enables precise and controlled application, reducing wastage.
- Product Preservation: Aerosol containers provide an airtight seal, protecting the product from contamination, moisture, and degradation, thereby extending shelf life.
- Innovation in Propellants: The development of eco-friendly and efficient propellants has significantly contributed to the market’s growth. Manufacturers are increasingly adopting compressed gases like nitrogen as propellants, reducing the environmental impact.
- Versatility and Diverse Applications: The Aerosol Packaging Market caters to a wide range of industries, from personal care and cosmetics to food and pharmaceuticals, boosting its demand and diversifying its applications.
Competitive Landscape
Product customization and new launches remains the key strategy for the leading players to maintain their position in the industry.
In April 2021, Crown Holdings Inc. announced a strategic collaboration by entering in a definitive agreement with KPS Capital Partners, LP in order to sell its European Tinplate business that comprises of 44 manufacturing facilities in 17 countries of Europe, Middle East & Africa which produces aerosol cans and metal closures. Through this aims to expand their customer base and strengthen their footprints globally.
In March 2021, Trivium Packaging announced the expansion of its recycling and reuse of aluminum from aerosol cans in Latin America through the Creando Concienca Partnership. This initiative in Argentina aims to raise awareness and accelerate sustainability practices for customers for an eco-friendly environment.
In September 2019, Ball Corporation, the world’s leading aluminum beverage and aerosol packaging supplier announced a product launch at the Aerosol Dispensing Forum (ADF) & Packaging of Perfume, Cosmetics & Design (PCD) with portfolio of innovative aluminum aerosol can shaping and printing solutions.
Some of the prominent aerosol packaging companies profiled by FMI are:·
- Berry Global, Inc.
- Crown Holdings, Inc.
- Ball Corporation
- CCL Industries Inc.
- Aptar Group Inc.
- Silgan Holdings Inc.
- Montebello Packaging Inc.
- Exal Corporation
- Graham Packaging Company
- Allied Cans Limited
- Euro Asia Packaging Guangdong Co Ltd.
- Nampak Ltd.
- ARYUM Metal Tup Imalat ve San. Dis. Tic. A.S.
- TUBEX GmbH
- Bharat Containers
More Insights on the Global Aerosol Packaging Market
In its latest report, Future Market Insights provides a detailed segmentation on the global aerosol packaging market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the aerosol packaging market with a detailed segmentation on the basis of:
Product Type
- Cans
- Bottles & Cylinders
- Jars
Material
- Aluminum
- Tin Plated Steel
- Plastic
- Steel
Cap Type
- Actuators
- Trigger Sprayer
- Fine Mist Sprayer
- Other Dispensing Caps
- Personal Care & Cosmetics
- Food and Beverages
- Aerated Desserts
- Non-dairy Whipping Creams
- Edible Oils
- Salad Dressings
- Coffee Enhancers
- Milk Taste Modifiers
- Cocktail Foam Toppings
- Others (Coconut Whipped Topping, etc.)
- Home Care
- Others (Pharmaceuticals, etc.)
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Key Questions Covered in the Report
- How will demand for aerosol packaging will evolve in future?
- Which is the most lucrative region of global aerosol packaging market?
- What are the key trends and factors affecting the market demand?
- What are the strategies adopted by key players operating in aerosol packaging market?
- What are the key challenges faced by prominent players in the aerosol packaging market?
- Which is the top selling segment of global aerosol packaging market?
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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