Aerosol Packaging to Remain Highly Sought-after for Personal Care and Cosmetics Products: Study The worldwide aerosol packaging market is nearly arriving at US$ 10.7 Bn constantly 2031 at a CAGR of 4.8% somewhere in the range of 2022 and 2031.
Aerosol packaging has arisen as a favored inflexible packaging design that tracks down day to day use among buyers. The rising interest from enterprises like individual consideration and beauty care products, food and drinks, drugs, and others will keep driving the aerosol packaging market. As per Future Market Insights (FMI), the aerosol packaging market will outperform US$ 6.72 Bn by 2021.
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Aerosol packaging comprises of different elements which increment their allure. They are light in weight, savvy, temperature safe, and deal expanded item life. Aerosol packaging is accessible in various materials, for example, aluminum, tin-plated steel, plastic, and glass.
Throughout the course of recent years, aerosol packaging is acquiring ubiquity because of the rising utilization of individual consideration and corrective items. Additionally, with the rising worry about neatness is driving the deals of homecare splashes, which is eventually reinforcing the development of aerosol packaging market.
Future Market Insights figures that there are sufficient chances for the producer of aerosol packaging in the approaching future because of the ascent in use of aerosol packaging in different areas. The development of aerosol packaging appears to be worthwhile across different locales.
The development of individual consideration and makeup industry will stay boss development driver in many areas. FMI has gauge more than 40% of aerosol packaging to be sold in the area in 2021.
Key Takeaways from Aerosol Packaging Market
- Driven by increasing application in personal and home care industries, aerosol packaging market will expand at 4.8% CAGR between 2021 and 2031
- High spending power will support growth in the U.S., enabling it to spearhead North America, as it continues to account for over 80% sales through 2031
- The U.K. will emerge as a highly lucrative pocket for sales within Europe, exhibiting 2.9% y-o-y growth in 2021 after a period of suppressed sales in 2020
- Germany and France will remain other attractive markets for aerosol packaging in Europe
- Expansion of personal care and beauty industry will stoke sales in Japan and South Korea
“Manufacturers have been focusing on customizing designs to cater to dynamic consumer requirements. There also is immense focus on make their products more recyclable to offer greater sustainability” says FMI analyst.
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Rise in Demand for Aerosol Packaging in Homecare Sector
Aerosol packaging for homecare sector includes sprays used for cleaning, fragrance sprays, and others. The rising concern for health has resulted in the increasing use of various products to keep the home and workplace clean. These homecare sprays are made up of aluminium, tin-plated steel, or plastic material along with different cap types attached to them.
Moreover, these sprays are easy to use and they help cleaning the surface without worrying about the product temperature or life. Aerosol packaging used for homecare products are cost effective and easy to handle, store, and transport. On the back of these factors, the market for aerosol packaging is estimated to expand during the forecasted period.
Who is Winning?
Ball Corporation, Crown Holdings, Inc., and Berry Global, Inc. are the top players operating in the aerosol packaging market. Furthermore, Silgan Holdings Inc., CCL Industries Inc., Aptar Group Inc., are some of the key players in the aerosol packaging market. The Tier 3 players in the market hold 60-65% in the global aerosol packaging market. In conclusion, key players contribute almost 35-40% of the global market.
Aerosol Packaging Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global aerosol packaging market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031.
The study reveals growth projections on the aerosol packaging market on the basis of product type (cans, bottles & cylinders, and jars), material (aluminum, tin plated steel, plastic, and glass), cap type (actuators, trigger sprayer, fine mist sprayer, and other dispensing caps) and end-use (personal care & cosmetics, food & beverages, homecare, and other industries) across seven regions.
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Key Segments Covered in Aerosol Packaging Industry Research
Aerosol Packaging Market by Product Type:
- Cans
- Bottles & Cylinders
- Jars
Aerosol Packaging Market by Material:
- Aluminum
- Tin Plated Steel
- Plastic
- Steel
Aerosol Packaging Market by 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.)
Aerosol Packaging Market by Region:
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
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