Aerosol Packaging Market By Product (Cans, Bottles & Cylinders, Jars), Material (Aluminium, Tin Plated Steel, Tin Plated Steel, Steel), Cap Type (Actuators, Trigger Sprayer, Fine Mist Sprayer, Other Dispensing Caps, Personal Care & Cosmetics, Food and Beverages Aerated Desserts) & Region - Forecast 2021 - 2031
Aerosol Packaging Market - Analysis, Outlook, Growth, Trends, Forecasts
- April 2021
- 222 pages
About the Report
Aerosol packaging is rigid packaging products made from aluminium, tin-plated steel, plastic, or glass materials. Aerosol packaging is highly sought-after on account of a wide range of benefits it offers such as improved corrosion resistance, prolonged product life, better temperature resistance, cost-effectiveness, and many more. This lightweight packaging is used in various growing end-use industries which is creating impressive growth opportunities. On the back of these factors, the global aerosol packaging market is projected to register healthy growth and attractive.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for aerosol packaging. The report tracks the global sales of aerosol packaging in 20+ high-growth markets, along with analyzing the impact of COVID-19 on the aerosol packaging industry.
How Historic and Future Outlook for Aerosol Packaging Market Compare?
Aerosol packaging has been the most preferred rigid packaging format for the past few years majorly in personal care & cosmetics and food & beverages industries. Aerosol packaging is projected to remain in high demand in future. It offers protection against evaporation of the liquid or gaseous substance packed inside. On the back of this factor, aerosol packaging has emerged as the preferred choice for perfume manufacturers to prevent their scent from evaporating.
Moreover, the recyclability option and aesthetic look of the aerosol packaging make it attractive among the other rigid packaging materials. Its increasing use in the packaging of pharmaceutical products such as relief sprays, air pumps, and others will continue driving sales through the forecast period. According to FMI’s analysis, aerosol packaging sales have grown at 3.1% CAGR between 2016 and 2020
However, as per FMI the consumption of aerosol packaging during the historic period was limited due to lack of technology and limited availability. However, with the expansion of the food & beverage and cosmetics industries, the demand for aerosol packaging is expected to increase significantly in coming years. Key players are planning to increase their production capabilities to cater for the consistently increasing demand for aerosol packaging.
Launch of innovative designs to offer advanced features such as airlock and leak-proof packaging will drive aerosol packaging sales. Furthermore, awareness about various related benefits such as recyclability, ease of handling & transport, customization and protection against microorganism make the aerosol packaging highly sought-after among diverse sectors.
How is Demand for Personal Care & Cosmetic Products Bolster Affecting Aerosol Packaging Sales?
As per United Nations, Department of Economics and Social Affairs, young population of the world aged between 15 and 25 years was around 1.2 billion in 2019, which is 16% of the total population. Moreover, it is anticipated that the world’s youth population will reach 1.4 billion around 2026. Younger population comprise a lucrative demography for cosmetics and personal care industry. Rise in their population, will subsequently result in increasing sales of cosmetics and personal care products that use aerosol packaging.
According to Cosmetic Europe, a European Personal Care Association for the cosmetics and personal care industry, 72% of the customer feel that cosmetics and personal care products improve their quality of life whereas, 80% of customers identify cosmetics and personal care products to build their self-esteem. The frequency of using aerosol deodorants per day is more than one, which is a positive indicator for the aerosol packaging industry.
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A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
How is Focus on Sustainability Affecting Aerosol Packaging Market?
Sustainability is the buzz word in today’s market. Every manufacturer needs to be sustainable enough in terms of product, supply chain, operation, and other activities to survive in the market. The aerosol packaging manufacturers are moving towards developing sustainable aerosol packaging without compromising the product quality and its features.
Manufacturers are developing aerosol packaging, which is light in weight, uses compressed air as a propellant that is a sustainable alternative, has a lesser carbon footprint than other aerosol packaging materials. These materials are recyclable, and relatively safer.
Some are even using plastic for aerosol packaging, which can easily be designed and shaped as per the requirement of the end users. Moreover, it is rust and BPA free and has lower storage & transportation cost due to its lightweight feature. Furthermore, manufacturers are using alloy in aluminum aerosol packaging, which has 25% has recycled contents and is 15% lighter than before. These innovations in terms of sustainability will create sales opportunities.
Rising Demand from Automotive Driving Aerosol Packaging Sales
The automotive industry has witnessed steady growth in the last few years. The demand for aerosol packaging is rising in the industry in response to the increasing need for personalization and maintenance is increasing the use of spray paints, which in turn use aerosol packaging. By catering to the demand in the automotive industry, aerosol packaging manufacturers are tapping into untapped markets.
How is Implementation of Stringent Government Regulations Limiting Growth?
Aerosol packaging is made up of aluminum and steel, which can be completely recycled, but the issue is the aluminum used in aerosol packaging, as the material contains a carbon footprint of about 1.5 times more than PET material, which is hazardous for the environment.
Furthermore, aluminum aerosol packaging uses harmful greenhouse gases as a propellant, which again harm the environment as well as society. Moreover, safety and flammability issues might arise due to the use of greenhouse gases as propellant in aluminum aerosol packaging. This creates a hindrance in the growth as governments around the world are imposing stringent regulations to curb carbon emissions.
What is Driving Aerosol Packaging Sales in the U.S.?
According to FMI analysis, the U.S. is one of the leading markets for aerosol packaging. The presence of key players such as Berry Global, Crown Holdings, Inc., Ball Corporation, Aptar Group Inc., and others have been pushing growth in the U.S. Furthermore, rising disposable income and spending on healthcare products by consumers in the U.S., will continue driving sales.
How is Personal Care and Cosmetics Sector Contributing to Growth in India?
Aerosol packaging cans and bottles & cylinders are increasingly used by personal care & cosmetics industries due to the rising demand for deodorants, hair sprays, and others cosmetic products. The targeted segment is the rapidly growing sector in India. The personal care & cosmetic sector is growing at a fast pace with the increasing penetration in the retail sector. According to India Brand Equity Foundation (IBEF) organization, the market for cosmetic and beauty is expected to reach US$ 20 Bn by 2025 from US$ 6.5 Bn.
Also, the per capita spending on personal care & beauty products is rising with the rise in disposable income. Some of the leading personal care & cosmetic players are targeting the Indian market for manufacturing products. Back on this factor, the market growth for aerosol packaging seems healthy in the Indian market.
Why is China Considered Attractive Market for Aerosol Packaging?
Manufacturers of aerosol packaging are limited in the China market which means there is limited competition. Also, there is no entry barrier in China market which attracts an increasing number of manufacturers. The government of China is also focusing on promoting investment, which will create lucrative growth opportunities over the foreseeable period. The increasing spending on personal care and automotive is bolstering the market for aerosol packaging in China.
Why is the U.K. at Forefront for Aerosol Packaging?
The United Kingdom is a leading country in Europe. According to the European Aerosol Federation, the U.K. registers the highest production of aerosol packaging among other counties in Europe. In 2018, United Kingdom held more than 25% of the market.
Out of the total personal care aerosol packaging production in 2018, around 1.1 Bn units were produced in the United Kingdom whereas, out of total homecare aerosol packaging production, around 275 Mn units were produced in the United Kingdom.
On the back of these factors, it is indicated that demand for aerosol packaging is higher in the United Kingdom which leads to higher production.
What are the Opportunities for Growth in Germany?
The second leading country, in terms of demand in Europe, is Germany. It holds around 20% of the market share for aerosol packaging in Europe. As per the European Aerosol Federation, the total production of aerosol packaging in Germany was 1.19 Bn in 2018. Also, the per capita spending on the healthcare sector is increasing in Germany.
The same is backed by the fact provided by Organization for Economic Co-operation and Development that Germany’s total healthcare spending per capita in 2019 was US$ ~6,646 Mn. Rising healthcare spending will continue supporting growth in Germany.
Why is Aerosol Packaging in Cans and Bottles & Cylinders Preferred More?
By product type, cans and bottles & cylinders segments are the most preferred segments. Cans and bottles & cylinders are easy to use and handle especially for the liquid & gaseous content. On the back of these factors, the aerosol packaging in cans and bottles & cylinders are increasingly used for personal care & cosmetic, food & beverages and homecare industries. The targeted product type segments are expected to hold more than 4/5th portion of the market by the end of 2031.
Why is the Aluminum More Preferred for Aerosol Packaging?
Aluminum segment holds the capacity of 100% recyclability and is easily available as a raw material. Also, aluminum is light in weight, corrosion resistance, and is easy to handle. These factors make it attractive for aerosol packaging. Therefore, aluminum segment has emerged as the leading one in terms of material. The same segment is anticipated to offer an incremental opportunity of US$ 1.6 Bn in the next decade.
What’s the Market Share of Actuators of Aerosol Packaging?
Actuators under cap type are estimated to have a market share of more than 35% in the next five years in the global aerosol packaging market. The segment is expected to reach an incremental opportunity of US$ 1.4 Bn during the foreseeable period. As per FMI analysis, the rising demand for packaging of personal care products will drive sales.
Who is the leading End User of Aerosol Packaging?
By end-use, the personal care & cosmetics segment is expected to grow faster. Globally rising awareness about personal care among young consumers has led to rising demand for personal care & cosmetics products. These products majorly include deodorants, hair sprays, and others. The targeted segment is expected to expand by 1.46 times to the current market. Also, it is anticipated to offer an incremental opportunity of US$ 1.2 Bn in the next ten years.
Manufacturers are customizing aerosol packaging solutions to meet the requirements of the end users. The key are also focusing on innovative product design besides customization.
For instance, LINDAL Group developed Bi-Power Valve, which offers the feature of separating two content. The aerosol packaging manufacturer are generating a good amount of revenue by offering variety of aerosol packaging.
Some of the leading companies operating in the market 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
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.
Scope of the Report
Historical Data Available for
USD Million for value and Mn Units for Volume
Key Regions Covered
North America, Latin America, Europe, MEA, East Asia, South Asia, and Oceania
Key Countries Covered
US, Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, Russia, Poland, Turkey, South Africa, GCC, Japan, South Korea, India, China, Australia & New Zealand
Key Segments Covered
Product Type, Material, Cap Type, End Use, and Region
Key Companies Profiled
Market Forecast, Brand share analysis, Competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing
Enquiry before Buying
- Is this research conducted by Future Market Insights?
Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst
- What research methodology is followed by FMI?
FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology
- Who are the respondents for primary research?
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- What are the sources of secondary research?
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Aerosol Packaging Market by Category
- Bottles & Cylinders
- Tin Plated Steel
- 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.)
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia