Aerosol Packaging Market Soars: Expected to Reach US$ 12.3 Billion by 2034

Projected for 2024, the aerosol packaging market is set to reach US$ 7.5 billion, with a significant uptick expected to US$ 12.3 billion by 2034. Anticipated growth is pegged at a steady 5.0% throughout the forecast period, reflecting sustained market expansion. As of 2023, the market already boasted a value of US$ 7.2 billion, laying a strong foundation for the forthcoming surge. Factors such as increasing consumer preference for convenience packaging solutions and technological advancements in aerosol delivery systems are instrumental in driving this upward trajectory. The global aerosol packaging market is poised for substantial evolution in the coming years.

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.

Request Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-4576

Market Drivers:

1. Convenience and Portability: Aerosol packaging offers convenience and portability, making it a preferred choice for various consumer products such as personal care, household, and automotive products. The ease of use and handling contribute to its popularity among consumers.
2. Product Innovation: Continuous innovation in aerosol packaging technology allows for the development of more efficient and user-friendly products. Manufacturers are constantly striving to enhance the functionality, design, and sustainability of aerosol packaging, driving market growth.
3. Increasing Demand for Personal Care Products: The rising demand for personal care products such as deodorants, hair sprays, and shaving creams is fueling the growth of the aerosol packaging market. Aerosol containers provide a convenient and effective way to dispense these products, contributing to market expansion.
4. Growing E-commerce Industry: The expansion of the e-commerce sector has created new opportunities for the aerosol packaging market. Manufacturers are adapting their packaging designs to meet the requirements of online retail, such as ensuring product safety during transportation and enhancing shelf appeal.
5. Environmental Sustainability Initiatives: With increasing concerns about environmental sustainability, there’s a growing emphasis on developing eco-friendly aerosol packaging solutions. Companies are investing in research and development to create recyclable, reusable, and biodegradable aerosol containers, driving market growth through sustainable practices.

Market Restraints:

1. Regulatory Restrictions: Stringent regulations regarding the use of certain propellants and chemicals in aerosol products pose challenges for manufacturers. Compliance with regulatory standards adds complexity and cost to the production process, impacting market growth.
2. Volatility in Raw Material Prices: Fluctuations in the prices of raw materials, such as aluminum and steel for aerosol cans, can affect production costs and profit margins for manufacturers. Uncertainty in raw material prices poses a restraint on the aerosol packaging market.
3. Health and Safety Concerns: There are ongoing concerns about the health and safety implications of aerosol products, particularly regarding propellants and volatile organic compounds (VOCs). Negative perceptions or regulatory actions related to these concerns can hinder market growth.
4. Competition from Alternative Packaging Formats: The aerosol packaging market faces competition from alternative packaging formats such as pump sprays, roll-ons, and solid formats. Consumers’ preferences for specific product formats and packaging types can impact the demand for aerosol packaging.
5. Limited Recycling Infrastructure: The recycling infrastructure for aerosol packaging varies across regions, and in some areas, it may be limited or underdeveloped. Challenges related to aerosol can recycling, including collection, sorting, and processing, can hinder market growth despite efforts toward sustainability.

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

Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-4576

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

Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/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:        

Nandini Singh Sawlani  

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