Projected to reach a valuation of US$ 7.5 billion in 2024, the aerosol packaging market is forecasted to ascend to US$ 12.3 billion by 2034. The global aerosol packaging market is anticipated to maintain a growth rate of 5.0% throughout the forecast period. In 2023, the market attained a value of US$ 7.2 billion. This trajectory indicates steady expansion, driven by factors such as increasing demand for aerosol products in various industries and advancements in aerosol packaging technology. The market’s growth underscores its significance in catering to consumer needs and enhancing product delivery and preservation.
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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Business Growth Drivers:
- Increasing Demand for Convenience: Aerosol packaging offers convenience and ease of use for a wide range of products, including personal care, household, automotive, and pharmaceuticals. Consumers appreciate the convenience of spray products, driving the demand for aerosol packaging.
- Rising Urbanization and Disposable Income: Urbanization and increasing disposable income levels, particularly in emerging economies, have fueled the demand for convenience products. This trend is expected to continue, further boosting the aerosol packaging market.
- Product Innovation and Customization: Manufacturers are constantly innovating to develop new aerosol packaging solutions that cater to specific consumer needs. Customized packaging options, such as different sizes, shapes, and designs, are driving market growth.
- Growing Personal Care Industry: The personal care industry is witnessing significant growth globally, driven by increasing awareness of personal hygiene and grooming. Aerosol packaging is widely used for products such as deodorants, hair sprays, and body sprays, contributing to market expansion.
- Environmental Concerns and Sustainability: Despite challenges, aerosol packaging manufacturers are increasingly focusing on sustainability. Innovations in eco-friendly propellants and recyclable materials are gaining traction, appealing to environmentally conscious consumers and regulatory bodies.
- Advancements in Technology: Technological advancements in aerosol valve systems, propellants, and packaging materials have improved product efficiency, safety, and shelf life. These advancements enhance the appeal of aerosol packaging across various industries.
Industry Restraints:
- Environmental Regulations and Concerns: While efforts are being made to improve sustainability, aerosol packaging still faces scrutiny due to environmental concerns. Regulations regarding propellants, volatile organic compounds (VOCs), and recyclability pose challenges to manufacturers.
- Health and Safety Risks: Aerosol packaging involves the use of pressurized containers and propellants, which can pose safety risks if mishandled. Concerns about product safety, particularly regarding flammability and inhalation hazards, remain a challenge for the industry.
- Cost of Production and Materials: The cost of producing aerosol packaging, including materials, propellants, and manufacturing processes, can be relatively high compared to other packaging options. Cost constraints may limit market growth, especially for smaller manufacturers.
- Perception and Misconceptions: Negative perceptions and misconceptions surrounding aerosol products, such as their environmental impact or safety risks, can deter consumers from choosing aerosol packaging. Addressing these misconceptions is crucial for market expansion.
- Competition from Alternative Packaging Formats: Aerosol packaging faces competition from alternative packaging formats, such as pump sprays, squeeze tubes, and pouches. Manufacturers need to differentiate their products and highlight the unique advantages of aerosol packaging to maintain market share.
- Supply Chain Disruptions: Like many industries, the aerosol packaging market is susceptible to supply chain disruptions, including raw material shortages, transportation delays, and geopolitical issues. These disruptions can impact production schedules and increase costs for manufacturers.
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
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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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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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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