Introduction-
The aerosol packaging market has seen remarkable growth in recent years, driven by consumer demand for convenient and eco-friendly products. This market is a dynamic and ever-evolving one, where innovation is the key to success. In this comprehensive article, we will delve into various aspects of the Aerosol Packaging Market, from its history to the latest trends. We will explore how this industry is addressing consumer needs for convenience, safety, and sustainability. So, fasten your seatbelts as we take a deep dive into the fascinating world of aerosol packaging.
In response to growing environmental concerns, manufacturers are actively pioneering the development of plastic aerosol packaging. This lightweight, sustainable alternative employs compressed air as a propellant, significantly reducing its carbon footprint compared to traditional aerosol materials. Furthermore, plastic aerosol packaging is not only recyclable but also highly adaptable, allowing for customized designs tailored to the specific needs of end-users.
With a forecasted compound annual growth rate (CAGR) of 4.8% between 2022 and 2031, the global aerosol packaging market is edging closer to a significant milestone, projected to reach a valuation of US$ 10.7 billion by 2031.
Aerosol Packaging Market: A Brief Overview
Aerosol packaging is a method of dispensing liquid, foam, or powder products using a propellant. The system consists of a container, valve, and actuator, enabling the product to be released in a controlled and efficient manner. The convenience and versatility of aerosol packaging have made it popular across various sectors, including personal care, healthcare, household, automotive, and industrial.
Soaring Towards Success: The Aerosol Packaging Market Set to Surpass US$ 10.7 Billion by 2031 with a Steady CAGR of 4.8% from 2022 to 2031.
Don’t Miss Out: Get Your Hands on Our Sample Report to Uncover the Lucrative Aerosol Packaging Market! @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4576
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
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
Innovatios in Aerosol Packaging
To stay ahead in the market, companies are constantly innovating their aerosol packaging solutions. Here are some noteworthy developments:
Propellant Alternatives
Traditionally, aerosol products used propellants like hydrocarbons or chlorofluorocarbons (CFCs). However, due to environmental concerns, these are being replaced with more eco-friendly options such as compressed air or nitrogen.
Smart Aerosols
The advent of smart technology has found its way into aerosol packaging. Some products now come with sensors and Bluetooth connectivity, allowing consumers to monitor usage and reorder when needed.
Ready to Learn About Our Approach? Explore Our Methodology @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-4576
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.)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
