Aerosol Packaging Market: Unveiling the Trends and Insights
In today’s dynamic market, staying updated with the latest trends is essential for businesses to thrive. One such industry that has witnessed significant growth and innovation is the Aerosol Packaging Market. In this article, we will delve deep into this market, providing you with valuable insights and answers to frequently asked questions.
Introduction
The Aerosol Packaging Market has evolved over the years, offering innovative solutions for various industries. From personal care products to automotive applications, aerosol packaging has become an integral part of our lives. In this article, we will explore the key aspects of the Aerosol Packaging Market, shedding light on its growth, applications, and future prospects.
Aerosol Packaging Market Overview
Aerosol packaging, often known as pressurized packaging, involves the use of a propellant to dispense the product from a sealed container. This technology not only ensures product integrity but also provides convenience to consumers.
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.
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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
Country-wise Insights
- According to FMI’s analysis, the United States generates a major portion of the demand for aerosol packaging. The future market growth for aerosol packaging is projected to grow in the United States. The reason for the high demand is the presence of major key players in aerosol packaging in the United States.
- The United Kingdom is the leading country in Europe for aerosol packaging. According to European Aerosol Federation, the United Kingdom has the highest production of aerosol packaging among the other counties in the European region. In 2018, the United Kingdom holds more than 25% of the market share among the other European countries.
- The second standing country, in terms of demand in Europe, is Germany. Germany has the second-highest market share in aerosol packaging in the Europe region. Germany holds around 20% of the market share for aerosol packaging.
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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.
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