Aerosol Packaging Market

Aerosol Packaging Market Outlook

The aerosol packaging market size is projected to be valued at USD 7.5 billion in 2024 and is expected to rise to USD 12.3 billion by 2034. The global aerosol packaging market is expected to grow at a rate of 5.0% during the forecast period. In 2023, the market was valued at USD 7.2 billion.

Attributes	Key Statistics
Base Year Value (2024)	USD 7.5 billion
Forecast Value (2034)	USD 12.3 billion
Estimated Growth (2024 to 2034)	5.0% CAGR

Consumption Analysis of the Aerosol Packaging Market

• Cosmetic companies across the world form one of the leading consumer groups for the aerosol packaging market. They utilize aerosol packaging solutions for deodorants, hairsprays, shaving creams, hair mousses, sunscreens, body sprays, etc.
• Cleaning product manufacturers also use aerosol packaging to manufacture air fresheners, insect repellents, cleaning sprays, furniture polishes, and specialty household products.
• Apart from these, pharmaceutical companies use aerosol packaging in containerizing inhalers, topical sprays, ointments, pain relievers, nasal sprays, sanitizers, medical disinfectants, and pharmaceutical formulations.
• Automotive product manufacturers also contribute significantly to the overall market for aerosol packaging. They use this methodology in the encasement of automotive lubricants, tire inflators, rust inhibitors, etc.
• Aerosol packaging also finds its applications in the electronics industry. Technology companies use aerosol packaging in aerosolized electronic cleaning products and contact cleaners.

Historical Analysis of the Aerosol Packaging Market

The aerosol packaging market heavily relies on consumer demand for goods across different industries. Trends in various industries, such as food and beverage, pharmaceuticals, personal care, e-commerce, etc., also influence the global market. Economic factors, like GDP growth, inflation rates, and unemployment, also play a crucial role in the overall growth of the aerosol packaging market, as these conditions decide the fate of manufacturing industries across the world.

In the last few years, the market for aerosol packaging has seen a series of ups and downs. During the pandemic, as the world faced shutdowns, the manufacturing units worldwide had to cease their operations. This had a negative impact on the aerosol packaging market. However, the incorporation of aerosol containers in the packaging of disinfectants, sanitizers, nasal sprays, etc., rapidly lifted the growth rate.

Post-pandemic, as the world got accustomed to the new normal, the e-commerce sector gained substantial traction in developing and underdeveloped nations. The heightened focus on hygiene and safety during the pandemic also increased the demand for packaging in the healthcare sector. All these factors have collectively led to a stable growth rate in recent years. With technological innovations in this field, the market will have a promising future in the coming years.

Attributes	Key Statistics
Market Size (2019)	USD 6.7 billion
Market Value (2023)	USD 7.2 billion
CAGR (2019 to 2023)	7.46%

Restraining Factors Adversely Affecting the Aerosol Packaging Market

• Traditional propellants, such as hydrofluorocarbons (HFCs) and chlorofluorocarbons (CFCs), remain a key challenge in this market due to their contribution to ozone depletion and greenhouse gas emissions.
• Aerosol cans, if not disposed of properly, can generate a lot of waste, which can cause tremendous harm to the vegetation and soil due to their non-biodegradable nature. This can deter eco-conscious consumers from buying the products.
• The installation of highly advanced aerosol packaging technologies can incur higher initial costs for manufacturers. This investment becomes one of the most significant hurdles for smaller companies with limited financial resources.
• The aerosol packaging industry faces rigorous competition from alternative packaging solutions, such as pump sprays, roll-ons, or solid forms, in various industries. This can divert demand away from traditional aerosol packaging.
• The packaging industry is filled with misconceptions and negative perceptions about aerosol products, particularly in terms of safety, environmental impact, or association with harmful chemicals. This can negatively impact the market growth.

Category-wise Insights

Bottles Continue their Dominance in the Aerosol Packaging Market

Attributes	Details
Product Type	Bottles
Market share	45.30%

Aerosol products generally consist of liquids, and there is no alternative to bottles that effectively store and dispense the content in the container. The increasing demand for bottles in the aerosol products industry is attributed to their flexibility, catering to diverse applications, spanning from personal care items such as hairsprays and deodorants to household products like air fresheners and cleaning sprays.

On the basis of product type, bottles dominate the global aerosol packaging market with a remarkable share of 45.30%. Bottles are also demanded substantially in the international marketplace because of their capability to offer a high degree of customization and branding opportunities. The labeling and printing options available on bottles facilitate effective branding strategies, enabling companies to create visually appealing and recognizable packaging for their aerosol products.

Aerosol Packaging Solutions Finds its Place in the Personal Care and Cosmetics Industry

Attributes	Details
End User	Personal Care and Cosmetics
Market share	40.40%

Post-pandemic, the personal care and cosmetics industry has been growing at an exponential rate. Aerosol packaging solutions have firmly established their place in the personal care and cosmetics industry due to their convenience, efficiency, and innovative applications. The surging significance of aerosol packaging solutions in the manufacturing of personal care products, such as deodorants, hairsprays, and cosmetic sprays, has contributed considerably to global market revenue.

Based on end users, the personal care and cosmetics industry dominates the aerosol packaging market with a whopping share of 40.4%. The demand for aerosol packaging solutions in these industries is also because certain products, like hair sprays, utilize aerosol packaging for its ability to deliver fine and even mists, ensuring uniform application and optimal styling results.

Country-wise Insights

The section provides an analysis of the aerosol packaging market by countries, including China, India, the United Kingdom, Thailand, and South Korea. The table presents the CAGR for each country, indicating the expected market growth in that country through 2034.

Countries	CAGR
India	7.70%
China	6.80%
Thailand	6.60%
South Korea	5.90%
The United Kingdom	4.50%

Aerosol Packaging Market in India

The India aerosol packaging market is anticipated to retain its dominance by progressing at an annual growth rate of 7.70% till 2034.

The booming e-commerce industry in India has significantly contributed to the growth of the aerosol packaging market. The need for secure and efficient packaging for the safety of products, ranging from beauty and personal care items to household goods, during transit has fuelled the market growth for aerosol packaging solutions. Besides this, the rising disposable income of the Indian middle class has increased consumer spending on a variety of products with sophisticated packaging, such as aerosols.

Aerosol Packaging Market in China

China is another Asian country that is leading this market. Over the next ten years, the demand for aerosol packaging solutions in China is projected to rise at a 6.80% CAGR.

Growing environmental awareness in China has resulted in a shift towards sustainable packaging solutions. To respond to this demand of eco-conscious consumers, manufacturing units are developing eco-friendly alternatives for packaging, such as recyclable materials and propellant innovations. China’s rapid urbanization and evolving lifestyle have also led to the demand for convenient and on-the-go cosmetics, which are packaged using this methodology.

Aerosol Packaging Market in Thailand

In the ASEAN region, Thailand leads the market for aerosol packaging solutions. The market in Thailand is poised to showcase a 6.60% advancement per year from 2024 to 2034.

Thailand is renowned for its robust tourism and hospitality sector in the entire world. Millions of tourists from all over the world flock to the country annually. These tourists often require travel-sized personal care products, such as perfumes, hair sprays, sanitizers, etc. Aerosol-packed containers are the perfect choice for these products, fuelling the overall market.

Aerosol Packaging Market in South Korea

The South Korean aerosol packaging market is anticipated to register a CAGR of 5.90% through 2034.

South Korea is a global hub for beauty and skincare innovations. The aerosol packaging market has significantly benefited from the popularity of K-beauty trends. The aerosol packaging methodology is commonly used in the packaging of innovative skincare and cosmetic products, contributing to its growth in the country.

Aerosol Packaging Market in the United Kingdom

In Europe, the United Kingdom aerosol packaging market is anticipated to register a CAGR of 4.50% through 2034.

The United Kingdom is home to the well-to-do population in the world. There is a great demand for premium cosmetics and luxury goods in the domestic market. Aerosol packaging is gaining a lot of impetus in the United Kingdom, as it allows brands to create visually appealing and unique products, enhancing their market presence in a competitive landscape.

Competitive Landscape

The market for aerosol packaging is filled with numerous players, such as Berry Global Inc., Crown Holdings Inc., Ball Corporation, etc. These companies dominate the majority share of the global market valuation. The said players have a strong foothold and have gained a loyal consumer base. The market is already saturated in terms of innovations. Small brands, though, find it very challenging to sustain in this cut-throat competition due to lower profit margins, limited financial resources, and restricted market expertise.

Recent Developments

• In 2023, Berry Global Group, Inc., a prominent aerosol packaging company, successfully announced its commitment to achieving net-zero emissions across its global operations and value chain by 2050.
• In 2023, Novelis Inc. entered into a long-term agreement with Ball Corporation for the supply of aluminum beverage can sheets. Under the contract, Novelis will supply aluminum sheets to Ball Corporation's can-making facilities in North America.
• Aptar Pharma, a division of AptarGroup, Inc., released APF Futurity, its inaugural metal-free, multi-dose nasal spray pump designed for dispensing nasal saline and similar over-the-counter formulations.

Key Companies in this Market

• 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
• Nampak Ltd.
• ARYUM Metal
• TUBEX GmbH
• Bharat Containers

Key Segments Covered in Aerosol Packaging Industry Research

By Product Type:

• Cans
• Bottles & Cylinders
• Jars

By Material:

• Aluminum
• Tin Plated Steel
• Plastic
• Steel

By Cap Type:

• Actuators
• Trigger Sprayer
• Fine Mist Sprayer
• Other Dispensing Caps

By End User:

• Food and Beverages
• Personal Care & Cosmetics
• 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.)

By Region:

• North America
• Latin America
• Europe
• The Middle East and Africa (MEA)
• Asia Pacific

Frequently Asked Questions

How Much is the Aerosol Packaging Market Currently Worth?

The global aerosol packaging market is expected to be worth USD 7.5 billion in 2024.

What is the Sales Forecast for Aerosol Packaging through 2034?

The market for aerosol packaging is expected to reach USD 12.3 billion by 2034.

At What Rate Is the Aerosol Packaging Market Growing Across the World?

The aerosol packaging market is growing at a rate of 5.0% through 2034.

Who are the Key Manufacturing Companies for Aerosol Packaging?

Berry Global, Inc., Crown Holdings, Inc., and Exal Corporation are key players in the market.

Which is the Widely Preferred Product Type in the Aerosol Packaging Market?

Bottles are the preferred product type in the aerosol packaging market, with a share of 45.3%.