Anticipated to be worth US$ 7.5 billion in 2024, the aerosol packaging market is poised for significant expansion, with projections indicating a surge to US$ 12.3 billion by 2034. The global market for aerosol packaging is set to exhibit a steady growth rate of 5.0% throughout the forecast period. This trajectory is fueled by a rising demand for convenient and sustainable packaging solutions across various industries. Increased consumer preferences for aerosol products, coupled with advancements in packaging technologies, contribute to the sustained growth of the aerosol packaging market, making it a dynamic and evolving sector in the packaging industry.
In recent years, aerosol packaging has emerged as the preferred choice for rigid packaging, particularly in the personal care & cosmetics, and food & beverage sectors. The demand for aerosol packaging is expected to remain robust in the coming years, driven by its ability to provide effective protection against evaporation for both liquid and gaseous substances.
In the United States, a major hub for aerosol packaging, the demand is a primary driver of global growth, supported by the presence of key industry players. Meanwhile, the United Kingdom takes the lead in Europe, commanding over 25% of the market share and excelling in the production of personal care and cosmetics aerosol packaging. With remarkable figures in 2018—producing over 1.1 billion units for personal care and 275 million units for home care aerosol packaging—the UK’s robust aerosol packaging demand is a response to the escalating need for personal care and cosmetic products in Europe.
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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
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Market Drivers:
- Growing Consumer Demand: The demand for aerosol packaging is often driven by consumer preferences for convenient and easy-to-use products, such as personal care items, household cleaners, and automotive products.
- Innovation in Packaging: Advances in aerosol packaging technology, including improvements in materials and design, contribute to the growth of the market. Innovations that enhance product dispensing, reduce environmental impact, and improve safety can drive market demand.
- Rising Disposable Income: Economic growth and an increase in disposable income can lead to higher consumer spending on packaged goods, driving demand for aerosol-packaged products.
- Eco-Friendly Solutions: With an increased focus on sustainability, manufacturers are developing eco-friendly aerosol packaging options, such as recyclable materials and propellants. This can attract environmentally conscious consumers and support market growth.
- Expanding End-use Industries: The aerosol packaging market often benefits from growth in end-use industries such as personal care, healthcare, automotive, and household products. Expansion in these sectors can drive the demand for aerosol packaging solutions.
Market Restraints:
- Environmental Concerns: The use of certain propellants and materials in aerosol packaging can raise environmental concerns. Regulatory pressures and consumer preferences for sustainable packaging options can impact the market negatively.
- Stringent Regulations: Stringent regulations regarding the use of certain chemicals in aerosol products, as well as safety and labeling requirements, can pose challenges for manufacturers and limit market growth.
- Alternative Packaging Formats: The availability of alternative packaging formats, such as pump dispensers and bag-on-valve systems, may pose a competitive threat to traditional aerosol packaging, impacting market share.
- Cost of Packaging Materials: Fluctuations in the prices of raw materials, such as metals and plastics used in aerosol packaging, can impact manufacturing costs and profitability for companies in the market.
- Perception of Safety Concerns: Concerns related to the safety of aerosol products, including issues related to flammability and the release of volatile organic compounds (VOCs), can influence consumer perceptions and impact market demand.
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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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