Aerosol Packaging Market in Europe: UK and Germany Take Center Stage, Reaching US$ 10.7 Billion By 2031 At A CAGR Of 4.8% | Reports FMI

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 demand is prominently driven by the United States, where future market growth is anticipated due to the presence of major industry players. In Europe, the United Kingdom leads the way as a key hub for aerosol packaging. With more than 25% of the market share among European countries, the UK boasts the highest production in the region, particularly excelling in personal care and cosmetics aerosol packaging. In 2018, the UK manufactured over 1.1 billion units for personal care and 275 million units for home care aerosol packaging. This strong demand for aerosol packaging is attributed to the burgeoning demand for personal care and cosmetic products in Europe.

Germany closely follows as the second-largest aerosol packaging market in Europe, holding around 20% of the market share. The country’s substantial production, amounting to 1.19 billion units in 2018, is bolstered by increasing per capita spending in the healthcare sector. Notably, Germany’s per capita healthcare spending in 2019 reached US$ ~6,646 million, underscoring the country’s significant role in the European aerosol packaging landscape.

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Key Takeaways

• In terms of product, cans and bottle & cylinders segment collectively holds over 4/5^th 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.

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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

Restraints to Aerosol Packaging Market

1. Environmental Concerns: The aerosol industry has been under scrutiny due to environmental issues, particularly related to the use of propellants like chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFCs), which can deplete the ozone layer. Regulatory restrictions and consumer demand for eco-friendly alternatives have forced the industry to adopt more sustainable propellants, which can increase production costs.
2. Regulatory Compliance: Strict regulations on aerosol packaging, especially concerning safety standards, labeling requirements, and the use of certain chemicals, can add complexity and cost to the manufacturing and distribution processes. Complying with these regulations is essential but can be challenging.
3. Flammability and Safety Concerns: Aerosols can be flammable, posing safety hazards during manufacturing, transportation, and storage. Special precautions and investments in safety measures are necessary to mitigate these risks, which can be costly.
4. Raw Material Price Volatility: The prices of materials used in aerosol packaging, such as aluminum, steel, and plastics, can fluctuate due to market conditions, geopolitical factors, or supply chain disruptions. These price variations can affect the overall production costs.
5. Packaging Waste and Recycling: The disposal and recycling of aerosol containers can be a concern. Aerosol cans may end up as waste in landfills, and not all regions have efficient recycling programs in place. This raises environmental concerns and can affect the industry’s reputation.

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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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