The plastic aerosol packaging market revenue is predicted to be US$ 3600 Mn in 2020, according to the study. The overall plastic aerosol packaging market is expected to grow at a CAGR of 4% for 2021- 31.
The demand for plastic aerosol packaging will accelerate owing to its diverse end-use applications such as packaging of Air Fresheners, Furniture polish, multi-surface cleaners, deodorants, edible oils, whipped cream, shaving gels, and sunscreens.
Plastic Aerosol as a Sustainable Packaging Product to Fuel Demand
Plastic aerosol packaging is ecologically responsible as it reduces the use of fossil fuels, water, and greenhouse gas emissions while allowing visibility into how much product remains in the container. It may also be recycled, which encourages manufacturers to use sustainable techniques. The increasing need for environmentally safe and sustainable packaging will drive up the demand for plastic aerosol packaging in the market.
Customers favor plastic aerosol packing since it is lightweight and convenient. It also reduces the rust and corrosion hazards associated with metal packaging. This will drive the packaging industry's demand for plastic aerosol packaging.
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Innovations in the Industry to be a Significant Market Driver
The technological advancement of the Injection Stretch Blow Moulding (ISBM) technique is a significant factor for today's plastic aerosol packaging. ISBM advancements to enable the changeover of carbonated soft drinks from glass to plastic had a substantial impact on the quality and consistency of process controls that are now being leveraged in the plastic aerosol packages.
Plastic aerosol packaging would also help to improve uniformity globally by eliminating the need for specific permits for shipping, paperwork, labelling, marking, and packing of plastic aerosol packaging, which will drive its demand worldwide.
The US and Canada Demand Outlook for Plastic Aerosol Packaging Market
The market for plastic aerosol packaging in the United States is highly fragmented, with a large range of companies competing in the industry. In the US and Canada plastic aerosol packaging market, the cosmetics and personal care segment accounted for the lion's share of sales. The segment will continue to be the fastest-growing during the forecasted period as a result of increased demand for cosmetic products owing to lifestyle changes.
Plastic aerosol packaging is widely being used in household products. This segment is growing faster due to applications comprising a broad range of goods such as air fresheners, polishes, window cleaners, fly sprays, foaming aerosols, and disinfection cleansers. Furthermore, consumer expenditure on household items is increasing in the United States, which will fuel demand for plastic aerosol packaging in this segment.
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Europe Plastic Aerosol Packaging Market outlook
The plastic aerosol packaging market in Europe will witness many technological innovations and a shift to sustainable production over the forecasted period. For instance, Plastic Aerosol Recycling Special Industry Group was founded in Europe in order to reclaim and recycle more plastic aerosol container packaging in the years ahead.
The personal care segment will see the fastest growth in the Europe market owing to several factors including rising disposable income and favourable trends in the Beauty and Personal care industry.
Plastic Aerosol Packaging: Key Players
Some key manufacturers in the plastic aerosol packaging market include
