Aerosol Packaging Market Size, Share, Growth, And Industry Analysis by Type (Aluminium, Steel) by Application (Household Cleaning, Personal Care, Hardware, Automotive Care, Lawn and Garden, Paint, Pet Care, Electronics) Regional Forecast By 2031

Updated On: 08 April 2024

Aerosol Packaging Market Report Overview

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The global aerosol packaging market size was USD 3.4894 billion in 2021.  As per our research, the market is expected to reach USD 9.134 billion in 2031, exhibiting a CAGR of 10.13 % during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with aerosol packaging market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

When liquid droplets or tiny solid particles are scattered in air or another gas, the result is an aerosol, which may be thought of as a disperse phase system. When something is packaged in an aerosol, it is kept under particular pressure before being released as a tiny mist using a propellant gas. This packaging is mostly used to package consumer goods like deodorants, hair sprays, and other such items. Lubricant products used in automotive and agricultural applications are packaged in aerosol containers, which contributes to the expansion of the worldwide market. Manufacturers may enhance a product's visual appeal by using aerosol packing, which appeals to customers. Some of the main materials utilised to make valve components are aluminium, plastic, rubber, and stainless steel. Insecticides, air-treatments, food, medicines, medical equipment, personal care products, cosmetics, cleaners, paints, polishers, and gardening all employ aerosols.

Manufacturers are expanding production of aluminium and plastic aerosol packaging in response to rising consumer demand for this material because to its lightweight, recyclable nature, and reduced carbon footprint. This aspect is anticipated to be the driving force behind the aerosol packaging market size. Additionally, the launch of aerosol cleaning solutions that have received EPA approval is predicted to accelerate market growth. Aerosol-based product developments for enhancing customer convenience and addressing environmental issues have been seen in metal packaging. Such actions are anticipated to accelerate the market share.

COVID-19 Impact: The Aerosol Packaging Market Has Seen An Unprecedented Upheaval As A Result Of The Covid-19 Outbreak

The market for aerosol packaging has been significantly impacted by the COVID-19 pandemic. The need for aerosol packaging has grown along with the demand for goods like hand sanitizers, disinfectants, and sanitizers. Due to the pandemic, customers are now more concerned with hygiene, which has increased demand for goods in aerosol packaging. The manufacturing of aerosol packing has increased as a result of the rise in demand. Manufacturers are scrambling to keep up with the increased demand, which has resulted in a rise in the price of aerosol packing.

The pandemic has also altered consumer behaviour, as more individuals are now making purchases online. Due of this, there is now more need for aerosol packing in e-commerce. Aerosol packing is increasingly widely used by businesses to convey their goods since it provides superior protection against contamination. The aerosol packaging market has been significantly impacted by the COVID-19 outbreak overall. The market for aerosol packaging is anticipated to expand over the next several years due to rising demand and costs.

Latest Trends

"Sustainable Innovation to Contribute to Market Growth"

The term "sustainability" is popular right now. Every firm must be able to sustain itself in the market in terms of operations, supply chains, products, and other activities. Manufacturers of aerosol packaging are working to provide environmentally friendly aerosol packaging without sacrificing the features and quality of the final product. Manufacturers are working on lightweight plastic aerosol packaging that uses compressed air as a propellant, has a lower carbon footprint than conventional aerosol packaging materials, is recyclable, and is generally safer. Additionally, plastic aerosol packaging is simple to design and shape to meet the needs of end customers. Additionally, it is lightweight, devoid of BPA and corrosion, and has lower storage and shipping costs. Additionally, producers are employing alloy in aluminium aerosol packing that is 15% lighter than previously and contains 25% recycled material. The market is leading and aerosol packaging sales are increasing as a result of sustainable innovation. Additionally, it is in line with the market's continued sustainable trend, which enables the business to endure. 

Aerosol Packaging Market Segmentation

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• By type

Depending on aerosol packaging given are types: Aluminium, Steel. The Aluminium type will capture the maximum market share through 2031.

• By Application

The market is divided in Household Cleaning, Personal Care, Hardware, Automotive Care, Lawn and Garden, Paint, Pet Care, Electronics based on application. The global aerosol packaging market  players in cover segment like Household Cleaning will dominate the market share during 2021-2031.

Driving Factors

"Products For Personal Care & Cosmetics To Support The Market"

According to the United Nations Department of Economics and Social Affairs, the number of people under 25 in the globe in 2019 was close to 1.2 billion, or 16% of the overall population. Additionally, it is predicted that by 2026, there will be 1.4 billion young people in the world. 72% of consumers believe that cosmetics and personal care products improve their quality of life, while 80% of customers say that using these products helps them boost their self-esteem, according to Cosmetic Europe, a European Personal Care Association for the cosmetics and personal care business. One or more aerosol deodorants are used on a daily basis, which is good news for the aerosol packaging sector. Numerous cosmetic and personal care items, including deodorants, hair spray, shaving cream, liquid shampoo, sunscreen, and many more, are in high demand from the burgeoning adolescent market. Additionally, carrying the product anyplace without worrying that it may spill out is made feasible by the aerosol container utilised in the personal care and cosmetics business. Players in the cosmetics and personal care industries are drawn to employ aerosol packaging because of this. Overall, the use of cosmetic and personal care goods is increasing due to the increased number of young people, which is driving aerosol packaging market growth.

"Automotive Paint Sprays Are Creating Market Growth Opportunities"

In recent years, the automobile sector has had consistent market expansion, which has spawned several other niche businesses such as paint spray, components, and others. Paint is needed by the expanding automobile sector to make the product appealing, which in turn creates a market opportunity for aerosol packing. Additionally, the market for paint spray is growing and the need for customization and maintenance is rising, which is good news for the aerosol packing industry. As a result, the automobile area, one of the big and expanding categories, may be catered to by the aerosol packaging business, which will help it flourish.

Additionally, by providing solutions for automobile paint spray, aerosol packaging makers may reach new markets by supplying the automotive sector. The younger generation, which enjoys riding motorcycles and driving vehicles, requires spray paint to give their vehicle a stylish and appealing appearance. Because of the rise in spray paint demand, manufacturers of aerosol packaging now have a chance to expand their market and sales. Overall, the automobile industry's growing use of paint spray creates a potential opportunity for the aerosol packaging market growth.

Restraining Factors

"Government-Imposed Rules Limit The Market's Ability To Flourish"

The majority of aerosol packaging is made of steel and aluminium, both of which can be recycled fully. The problem, however, is that aluminium has a carbon footprint that is around 1.5 times more than PET, which is harmful to the environment. Additionally, the use of dangerous greenhouse gases as a propellant in aluminium aerosol packing impeade both society and the environment. In addition, the use of greenhouse gases as a propellant in aluminium aerosol packing raises safety and flammability concerns. Due to environmental and safety concerns, governments have also established some limitations over its usage, which hinders expansion. Additionally, propellants are dangerous to the customer's health, which is a major worry. In order to safeguard the environment and the public's health, governments have mandated certain testing and requirements for aerosol packing. The rules put in place are probably going to impede the aerosol packaging market growth.

Aerosol Packaging Market Regional Insights

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Europe Is Expected To Dominate The Worldwide Market Because To Its Considerable Contribution To The Personal Care Industry

In terms of volume, Europe commanded the greatest aerosol packaging market share in 2021. Aerosol production is likewise dominated by this area. Its significant portion is mostly due to the personal care sector. The regional market is expanding due to elements including high cosmetics use, quick fragrance industry expansion, and rising consumer spending. The European Commission and Environmental Protection Agency have established restrictions addressing volatile organic compound (VOC) emissions that, despite rising consumer demand from the personal care sector, are impeding the expansion of the European market (EPA). However, it is hoped that the area would use innovations to address this difficulty soon. For instance, Breathe debuted a new range of aerosol cleansers in 2017 that was Safer Choice certified by the EPA. 

Asia Pacific is one of the revenue-growing areas with one of the best aerosol packaging market share anticipated during the projection period. The promotion of advantageous investments by the governments of China and India has been a priority, and it is anticipated that this would open up profitable development prospects for the market over the course of the projection period. The demand for aerosol in the personal care, automotive, and paints sectors is rising as a result of rising consumer expenditure in growing Asian nations. Due to considerable expenditure on hair care products in nations like Saudi Arabia and the United Arab Emirates, the Middle East and Africa are also anticipated to have significant development over the projected period. Additionally, the existence of supermarket chains like Carrefour and Lulu Hypermarket in the United Arab Emirates, Saudi Arabia, and Kuwait has secured the retail distribution of goods.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Ardagh Group S.A.(Luxembourg)
• Linhardt GmbH & Co KG (Germany)
• China Cans Holding Ltd. (China)
• Perfektup Ambalaj Sanayi Ve Ticaret Anonim Sirketi (Turkey)
• Mitani Valve Co. Ltd. (Japan)
• TUBEX Group (Germany)
• Precision Valve Corporation (U.S)
• Crown Holdings, Inc. (U.S)
• Montebello Packaging Inc. (Canada)
• Coster Tecnologie Speciali S.p.A. (Italy)
• Lindal Group Hoilding GmbH (Germany)
• CCL Industries Inc. (Canada)
• Exal Corporation (U.S)
• Ball Corporation (U.S)
• Alucon PCL (Thailand)
• BWAY Corporation (U.S)
• Bharat Containers (India)
• Summit Packaging Systems Ltd. (U.S)
• Aptar Group Inc. (U.S)
• Nampak Limited (South Africa)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.