Future Market Insights (FMI) has released a forecast projecting the global aerosol packaging market to be valued at US$ 7.5 billion in 2024, with expectations to rise to US$ 12.3 billion by 2034. The market is anticipated to grow at a rate of 5.0% during the forecast period, with a value of US$ 7.2 billion recorded in 2023.
Core Concepts in the Aerosol Packaging Industry
- Current Worth (2024): The global aerosol packaging market is expected to be worth US$ 7.5 billion in 2024.
- Sales Forecast through 2034: The market is projected to reach US$ 12.3 billion by 2034.
- Growth Rate: The aerosol packaging market is growing at a rate of 5.0% through 2034.
- Key Manufacturing Companies: Berry Global, Inc., Crown Holdings, Inc., Exal Corporation
- Preferred Product Type: Bottles are the most preferred product type in the aerosol packaging market, holding a 45.3% share.
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Market Overview:
- Diverse Applications Drive Demand: Aerosol packaging finds extensive use across multiple sectors. Leading consumer groups include:
- Cosmetics: Deodorants, hairsprays, shaving creams, hair mousses, sunscreens, and body sprays.
- Cleaning Products: Air fresheners, insect repellents, cleaning sprays, furniture polishes, and specialty household products.
- Pharmaceuticals: Inhalers, topical sprays, ointments, pain relievers, nasal sprays, sanitizers, and medical disinfectants.
- Automotive Products: Automotive lubricants, tire inflators, and rust inhibitors.
- Electronics: Electronic cleaning products and contact cleaners.
- Market Challenges: Despite its growth, the aerosol packaging market faces several challenges:
- Environmental Concerns: Traditional propellants like HFCs and CFCs contribute to ozone depletion and greenhouse gas emissions.
- Waste Management: Improper disposal of aerosol cans can lead to environmental harm due to their non-biodegradable nature.
- High Initial Costs: Advanced aerosol packaging technologies can be costly, posing a hurdle for smaller manufacturers.
- Alternative Packaging: Competition from pump sprays, roll-ons, and solid forms may impact demand for traditional aerosol packaging.
- Negative Perceptions: Misconceptions about safety and environmental impact can affect market growth.
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Country-wise Insights:
- India:
- CAGR: 7.70%
- Market Dynamics: Dominated by a burgeoning e-commerce industry and rising disposable income, India’s aerosol packaging market is expected to grow robustly. The demand for secure and efficient packaging for various products drives market expansion.
- China:
- CAGR: 6.80%
- Market Dynamics: China’s market is influenced by growing environmental awareness and a shift towards sustainable packaging solutions. The country’s rapid urbanization and demand for convenient cosmetics are further fueling growth.
- Thailand:
- CAGR: 6.60%
- Market Dynamics: Thailand leads the ASEAN region due to its thriving tourism and hospitality sector. The demand for travel-sized personal care products, often packaged in aerosols, supports market growth.
- South Korea:
- CAGR: 5.90%
- Market Dynamics: South Korea’s aerosol packaging market benefits from the global popularity of K-beauty trends. The packaging method is widely used for innovative skincare and cosmetic products.
- United Kingdom:
- CAGR: 4.50%
- Market Dynamics: The UK market is driven by demand for premium cosmetics and luxury goods. Aerosol packaging offers a visually appealing and unique solution, enhancing brand presence in a competitive market.
Key Companies in this Market
- 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
- Nampak Ltd.
- ARYUM Metal
- TUBEX GmbH
- Bharat Containers
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Key Segments Covered in Aerosol Packaging Industry Research
By Product Type:
- Cans
- Bottles & Cylinders
- Jars
By Material:
- Aluminum
- Tin Plated Steel
- Plastic
- Steel
By Cap Type:
- Actuators
- Trigger Sprayer
- Fine Mist Sprayer
- Other Dispensing Caps
By End User:
- Food and Beverages
- Personal Care & Cosmetics
- 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.)
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa (MEA)
- Asia Pacific
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 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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