The global aerosol market size is expected to reach USD 14.56 Billion in 2030 and register a revenue CAGR of 4.9% over the forecast period, according to a latest report by Reports Data. A major factor driving market revenue growth is increasing demand of personal care products (such as hair spray, deodorants) due to growing social media culture and personal hygiene. Gel toothpastes, lotions and hydrating creams, cream foundations, self-tanners, makeup setting sprays and thermal waters sunscreen are some personal care items that use aerosols.
Ongoing research and development activities and private investments in personal care, household, food, automotive and industrial, medical and paints is expected to positively impact revenue growth of the market over the forecast period.
The government emphasis on sustainability and greener economy has been resulting in rapid adoption of eco-friendly packaging products across various industries and sectors in the recent past. Aerosol product containers are ecofriendly and can be fully recyclable. Further, development and launch of more advanced aerosol products has been opening up open new and more lucrative opportunities for players operating in the global aerosol market.
Increasing investments in research in the field of medications and treatments (especially during COVID 19) is resulting in the advent of additional opportunities for further advancements in aerosol products. For instance, Aerosol disinfectants, coolants, and bandages are generally used in emergency first aid situations. Pressurized Metered Dose Inhalers or MDIs treat asthma and Chronic obstructive pulmonary disease (COPD). And aerosol anesthetics are used to relieve pain in patients from minor injuries.
Moreover, market growth is projected to register an upward trend with rising use of aerosol in household products. Many individuals own aerosol spray paints for DIY, décor, and home improvement projects.
However, aerosol cans may explode and can have a negative impact on human health (such as lung damage) and contribute to global warming are some major factors restraining global aerosol market revenue growth over the forecast period.
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Some major players in the market research report include, Reckitt Benckiser Group Plc, Procter Gamble Company, S C Johnson Son, Inc., Akzo Nobel N.V., Unilever PLC, Coster Tecnologie Speciali S.p.A. and Thymes, LLC. Ball Corporation, CCL Industries, China Cans Holding Ltd., Nampak Limited, Mitani Valve Co. Ltd., Exal Corporation, Lindal Group Holding GmbH, BWAY Corporation, Aptar Group, Crown Holdings., Bharat Containers, Precision Valve Corporation, Alucon PCL, TUBEX Group, Summit Packaging Systems Ltd. and Ardagh Group S.A.
Some Key Highlights in the Report:
- On the basis of application, the market report is segmented into personal care, household, automotive industrial, plastic surgery, food, paints, and medical. Among these, the personal care segment is expected to register a significantly rapid revenue CAGR during the forecast period due to rising disposable income and growing individual appetite for 'clean beauty' products.
- Asia Pacific aerosol market is expected to register fastest revenue growth rate over the forecast period due to large-scale adoption of aerosol products in household, food and personal care products coupled with rapid urbanization in countries in the region.
- North America aerosol market revenue is expected to remain significantly larger and dominate other regional markets over the forecast period. This can be attributed to rapid technological advancements in the field of aerosol, and growing automotive industry in countries in the region.
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Segments covered in the report:
For the purpose of this report, Reports Data has segmented the global aerosol market on the basis of application, and region:
Propellant Type Outlook (Revenue, USD Billion; 2019-2030)
- Liquefied Gas Propellants
- Compressed Gas Propellants
Valve Type Outlook (Revenue, USD Billion; 2019-2030)
- Mechanical Actuators
- Non-mechanical Actuators
- Others
End use Outlook (Revenue, USD Billion; 2019-2030)
- Consumer Packaged Goods (CPG)
- Pharmaceutical
- Automotive Industrial
- Others
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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