Between 2022 and 2031, the global aerosol packaging market is expected to reach US$ 10.7 billion, growing at a CAGR of 4.8 percent. Aerosol Packaging Market By Product Type (Cans, Bottles & Cylinders, Jars), Material (Aluminum, Tin Plated Steel, Plastic, Steel), Cap Type (Actuators, Trigger Sprayer, Fine Mist Sprayer, Other Dispensing Caps, Personal Care & Cosmetics) & Region – Forecast 2022-2031
Aerosol packaging has arisen as a popular rigid packaging format used by consumers on a regular basis. The aerosol packaging market will continue to be driven by increased demand from industries such as personal care & cosmetics, food & beverages, pharmaceuticals, and others. The aerosol packaging market will exceed US$ 6.72 billion by 2021, according to Future Market Insights (FMI).
Aerosol packaging has a variety of elements that make it more appealing. They’re lightweight, cost-effective, temperature-resistant, and have a long shelf life. Aerosol canisters come in a variety of materials, including aluminum, tin-plated steel, plastic, and glass.
Aerosol packaging has grown in popularity in recent years as the use of personal care and cosmetic items has increased. In addition, increased concerns about cleanliness are pushing sales of homecare sprays, which is boosting the aerosol packaging market’s development.
The Most Important Takeaways from the Aerosol Packaging Market
Between 2021 and 2031, the aerosol packaging market will grow at a 4.8 percent compound annual growth rate (CAGR) due to its application in the personal and home care industries.
High spending power will sustain growth in the United States, allowing it to continue to lead North America as it accounts for over 80% of sales through 2031.
After a period of depressed sales in 2020, the United Kingdom will emerge as a highly profitable pocket for sales within Europe, with 2.9 percent y-o-y growth in 2021.
In Europe, Germany and France will continue to be attractive markets for aerosol packaging.
Sales in Japan and South Korea will be boosted by the expansion of the personal care and cosmetics industry.
“Manufacturers have been concentrating on personalizing designs to meet the changing needs of consumers. “They’re also putting a lot of effort into making their products more recyclable so that they may be more sustainable,” adds an FMI analyst.
Increased Demand for Aerosol Packaging in the Homecare Industry
Cleaning sprays, scent sprays, and other aerosol packing for the homecare industry. The increased usage of numerous items to keep the house and workplace clean has stemmed from the growing concern for health. These homecare sprays are constructed of aluminum, tin-plated steel, or plastic, and come with a variety of cap styles.