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Aerosol Packaging Market Report Scope & Overview:

The Aerosol Packaging Market size was USD 7.15 billion in 2023 and is expected to Reach USD 10.43 billion by 2031 and grow at a CAGR of 4.8% over the forecast period of 2024-2031.

The United States represents a significant and rising aerosol industry, with an expected value of USD 14.10 billion in 2022. As a result of the growing Personal and Home Care Industry, the US aerosol market has grown. A positive impact on growth is expected in the US, where a strong production base for personal care products such as Estée Lauder, Johnson &Johnson and P&G are established.

Aerosol Packaging Market Revenue Analysis

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In addition, due to the increased preference for cleaning in the wake of the COVID-19 outbreak, the demand for sanitisation spray and disinfectants is expected to increase significantly in the country. The growing demand for aerosols in the household sector is expected to be supported.

MARKET DYNAMICS

KEY DRIVERS: 

  • Increased consumption of aerosol packages made from aluminum and plastic

Due to the increased demand for aluminium and plastic aerosol packaging due to its lightweight, recyclable nature and its reduced carbon footprint, which is expected to increase the demand for personal care products, manufacturers are increasing the production of aluminium and plastic aerosol packaging.

  • Increasing demand in the pharmaceutical sector

RESTRAIN:

  • The growth of the aerosol container market is being hindered by price fluctuations in raw materials and regulatory issues

OPPORTUNITY:

  • Expansion into new applications

Aerosols are being applied in a broader range of applications, such as personal care, household goods, food and drink or pharmaceutical products. This gives rise to new growth opportunities on the market.

  • The increasing consumer demand for convenient and easy to use products makes aerosol packaging an attractive option in this regard, with many benefits

CHALLENGES:

  • Regulatory concerns related to aerosols production

Aerosols are subject to a wide range of laws at both domestic and International level. These Regulations are intended to safeguard human health and the environment, yet they can also have a detrimental impact on cost and complexity of production with regard to Aerosols.

IMPACT OF RUSSIAN UKRAINE WAR

The war has caused widespread disruption to global supply chains, especially for raw materials such as aluminum and steel that are essential in the manufacture of aerosol packaging. The closure of ports and maritime routes as well as the sanctions applied to Russia has put a strain on producers' ability to source these materials, resulting in shortages and delays. The price rise of raw materials, transportation and energy driven by disruptions in supply chains led to increased production costs for aerosol packaging. Since the beginning of the war, aluminium prices have risen by more than 40 % and steel prices are up over 20 %. Consumers are likely to be charged increased prices for aerosol products in response to these cost increases.

Prices of aluminum were about $2,900 per ton prior to the Second World War. Aluminum prices were around $4 000 per tonne in October 2023 and have increased by more than 37 %. Steel prices had been at least $800 per ton up until the war. Steel prices are currently at around $1,000 per ton and have gone up by over 25% since October 2023.

IMPACT OF ONGOING RECESSION

Aerosol products used in non-essential applications, such as personal care products and household cleaners, are likely to be more sensitive to the recession. Consumers may lose their appetite for these products or change to cheaper alternatives as a result of budgetary constraints.

The expected decline in demand for unessential aerosol products is between 5 and 10 % The anticipated decrease in demand for aerosols used on durable goods: 3% to 5%.

KEY MARKET SEGMENTS

By Material

  • Plastic

  • Steel

  • Aluminum

  • Tin Plated Steel

The aluminium segment has dominated this market and is forecast to grow significantly in the period ahead, while also generating a revenue share of 59.6% by 2022. Aluminium is an environmental-friendly material that can be recycled multiple times.

In recent years, low weight, low cost and high recyclability of PET plastic have led to considerable demand in the plastics material segment.

By Product Type

  • Cans

  • Jars

  • Bottles & Cylinders

By End Use

  • Personal Care & Cosmetics

  • Homecare

  • Automotive

  • Agriculture

  • Pharmaceutical

  • Others

In 2022, personal care was the dominant market segment, accounting for 35% of total revenues. The growth in demand of hair care products and deodorants is the driving force behind this segment. Due to changing lifestyles, rising consumer spending and emphasis on gender specific products, the demand for personal care products is increasing in emerging economies.

REGIONAL ANALYSIS

In 2022, North America accounted for the largest revenue share of 36.5% on the aerosol packaging market. The largest producer of aerosols is also located in the region. The large share of this sector is mainly due to the significant presence of the personal care industry. The growth of the regional market is driven by factors such as high demand for cosmetics, a fast-growing fragrance industry and increasing consumer spending.

The Asia Pacific region is one of the fastest growing regions over the forecast period. China and India's governments are working to encourage more favourable investment, which is likely to provide attractive growth prospects for the market over the forecast period. Aerosol demand for personal care products, cars and paints is driven by increased consumer spending in emerging Asian economies.

Over the forecast period, Middle East and Africa are also expected to see considerable growth due to increased spending on hair care products in countries like Saudi Arabia and the United Arab Emirates.

Aerosol Packaging Market By Region

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REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America  

Key Players

Some major key players in the Aerosol Packaging market are Berry Global Inc, Ball Corporation, Silgan Holdings Inc, Allied Cans Limited, Graham Packaging Company, Nampak Limited, Bharat Containers, CCL Industries, Crown Holdings Inc, Aptar Group Inc and other players.

Ball Corporation-Company Financial Analysis

Company Landscape Analysis

RECENT DEVELOPMENT

  • In April 2023, Ball Corporation announces that its global aerosol packaging division has been awarded an ASTI certification of performance and chain of custody standards for aluminum.

  • In September 2023, Aptar Beauty is launching a range of aerosol actuators with no cap. To prevent the need for over-caps, a new range of aerosol actuators made by Aptar Beauty has been designed with an emphasis on ensuring that formulae are protected.

Aerosol Packaging Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 7.15 Bn
Market Size by 2031  US$ 10.43 Bn
CAGR   CAGR of 4.8 % From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Material (Plastic, Steel, Aluminum, Tin Plated Steel)
• by Product Type (Cans, Jars, Bottles & Cylinders)
• by End Use (Personal Care & Cosmetics, Homecare, Automotive, Agriculture, Pharmaceutical, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Berry Global Inc, Ball Corporation, Silgan Holdings Inc, Allied Cans Limited, Graham Packaging Company, Nampak Limited, Bharat Containers, CCL Industries, Crown Holdings Inc, Aptar Group Inc
Key Drivers • Increased consumption of aerosol packages made from aluminum and plastic
• Increasing demand in the pharmaceutical sector
Key Restraints • The growth of the aerosol container market is being hindered by price fluctuations in raw materials and regulatory issues.

 

Frequently Asked Questions

Ans:  The Aerosol Packaging Market is expected to grow at a CAGR of 4.7%.

Ans: The Aerosol Packaging Market size was USD 6.85 billion in 2022 and is expected to Reach USD 9.89 billion by 2030 .

Ans: Increased consumption of aerosol packages made from aluminum and plastic.

Ans: The growth of the aerosol container market is being hindered by price fluctuations in raw materials and regulatory issues.

Ans: In 2022, North America accounted for the largest revenue share of 36.5% on the aerosol packaging market.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 Impact of Russia-Ukraine war

4.2 Impact of Ongoing Recession

4.2.1 Introduction

4.2.2 Impact on major economies

4.2.2.1 US

4.2.2.2 Canada

4.2.2.3 Germany

4.2.2.4 France

4.2.2.5 United Kingdom

4.2.2.6 China

4.2.2.7 Japan

4.2.2.8 South Korea

4.2.2.9 Rest of the World

4.3 Supply Demand Gap Analysis

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Aerosol Packaging Market Segmentation, By Material

8.1 Plastic

8.2 Steel

8.3 Aluminum

8.4 Tin Plated Steel

9. Aerosol Packaging Market Segmentation, By Product Type

9.1 Cans

9.2 Jars

9.3 Bottles & Cylinders

10. Aerosol Packaging Market Segmentation, By End Use

10.1 Personal Care & Cosmetics

10.2 Homecare

10.3 Automotive

10.4 Agriculture

10.5 Pharmaceutical

10.6 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 North America Aerosol Packaging Market by Country

11.2.2 North America Aerosol Packaging Market By Material

11.2.3 North America Aerosol Packaging Market by Product Type

11.2.4 North America Aerosol Packaging Market by End Use

11.2.5 USA     

11.2.5.1 USA Aerosol Packaging Market By Material

11.2.5.2 USA Aerosol Packaging Market by Product Type

11.2.5.3 USA Aerosol Packaging Market by End Use

11.2.6 Canada

11.2.6.1 Canada Aerosol Packaging Market By Material  

11.2.6.2 Canada Aerosol Packaging Market by Product Type

11.2.6.3 Canada Aerosol Packaging Market by End Use

11.2.7 Mexico

11.2.7.1 Mexico Aerosol Packaging Market By Material   

11.2.7.2 Mexico Aerosol Packaging Market by Product Type

11.2.7.3 Mexico Aerosol Packaging Market by End Use

11.3 Europe

11.3.1 Eastern Europe

11.3.1.1 Eastern Europe Aerosol Packaging Market by Country

11.3.1.2 Eastern Europe Aerosol Packaging Market By Material

11.3.1.3 Eastern Europe Aerosol Packaging Market by Product Type

11.3.1.4 Eastern Europe Aerosol Packaging Market by End Use

11.3.1.5 Poland

11.3.1.5.1 Poland Aerosol Packaging Market By Material

11.3.1.5.2 Poland Aerosol Packaging Market by Product Type

11.3.1.5.3 Poland Aerosol Packaging Market by End Use

11.3.1.6 Romania

11.3.1.6.1 Romania Aerosol Packaging Market By Material        

11.3.1.6.2 Romania Aerosol Packaging Market by Product Type

11.3.1.6.4 Romania Aerosol Packaging Market by End Use

11.3.1.7 Turkey

11.3.1.7.1 Turkey Aerosol Packaging Market By Material

11.3.1.7.2 Turkey Aerosol Packaging Market by Product Type

11.3.1.7.3 Turkey Aerosol Packaging Market by End Use

11.3.1.8 Rest of Eastern Europe

11.3.1.8.1 Rest of Eastern Europe Aerosol Packaging Market By Material

11.3.1.8.2 Rest of Eastern Europe Aerosol Packaging Market by Product Type

11.3.1.8.3 Rest of Eastern Europe Aerosol Packaging Market by End Use

11.3.2 Western Europe 

11.3.2.1 Western Europe Aerosol Packaging Market by Country

11.3.2.2 Western Europe Aerosol Packaging Market By Material           

11.3.2.3 Western Europe Aerosol Packaging Market by Product Type

11.3.2.4 Western Europe Aerosol Packaging Market by End Use 

11.3.2.5 Germany

11.3.2.5.1 Germany Aerosol Packaging Market By Material        

11.3.2.5.2 Germany Aerosol Packaging Market by Product Type

11.3.2.5.3 Germany Aerosol Packaging Market by End Use

11.3.2.6 France 

11.3.2.6.1 France Aerosol Packaging Market By Material

11.3.2.6.2 France Aerosol Packaging Market by Product Type

11.3.2.6.3 France Aerosol Packaging Market by End Use

11.3.2.7 UK

11.3.2.7.1 UK Aerosol Packaging Market By Material

11.3.2.7.2 UK Aerosol Packaging Market by Product Type

11.3.2.7.3 UK Aerosol Packaging Market by End Use

11.3.2.8 Italy

11.3.2.8.1 Italy Aerosol Packaging Market By Material    

11.3.2.8.2 Italy Aerosol Packaging Market by Product Type

11.3.2.8.3 Italy Aerosol Packaging Market by End Use

11.3.2.9 Spain

11.3.2.9.1 Spain Aerosol Packaging Market By Material

11.3.2.9.2 Spain Aerosol Packaging Market by Product Type

11.3.2.9.3 Spain Aerosol Packaging Market by End Use

11.3.2.10 Netherlands

11.3.2.10.1 Netherlands Aerosol Packaging Market By Material 

11.3.2.10.2 Netherlands Aerosol Packaging Market by Product Type

11.3.2.10.3 Netherlands Aerosol Packaging Market by End Use

11.3.2.11 Switzerland

11.3.2.11.1 Switzerland Aerosol Packaging Market By Material 

11.3.2.11.2 Switzerland Aerosol Packaging Market by Product Type

11.3.2.11.3 Switzerland Aerosol Packaging Market by End Use

11.3.2.1.12 Austria 

11.3.2.12.1 Austria Aerosol Packaging Market By Material

11.3.2.12.2 Austria Aerosol Packaging Market by Product Type

11.3.2.12.3 Austria Aerosol Packaging Market by End Use

11.3.2.13 Rest of Western Europe

11.3.2.13.1 Rest of Western Europe Aerosol Packaging Market By Material

11.3.2.13.2 Rest of Western Europe Aerosol Packaging Market by Product Type

11.3.2.13.3 Rest of Western Europe Aerosol Packaging Market by End Use

11.4 Asia-Pacific

11.4.1 Asia-Pacific Aerosol Packaging Market by country

11.4.2 Asia-Pacific Aerosol Packaging Market By Material          

11.4.3 Asia-Pacific Aerosol Packaging Market by Product Type

11.4.4 Asia-Pacific Aerosol Packaging Market by End Use

11.4.5 China

11.4.5.1 China Aerosol Packaging Market By Material     

11.4.5.2 China Aerosol Packaging Market by Product Type        

11.4.5.3 China Aerosol Packaging Market by End Use

11.4.6 India

11.4.6.1 India Aerosol Packaging Market By Material

11.4.6.2 India Aerosol Packaging Market by Product Type

11.4.6.3 India Aerosol Packaging Market by End Use

11.4.7 Japan

11.4.7.1 Japan Aerosol Packaging Market By Material

11.4.7.2 Japan Aerosol Packaging Market by Product Type

11.4.7.3 Japan Aerosol Packaging Market by End Use

11.4.8 South Korea

11.4.8.1 South Korea Aerosol Packaging Market By Material

11.4.8.2 South Korea Aerosol Packaging Market by Product Type

11.4.8.3 South Korea Aerosol Packaging Market by End Use

11.4.9 Vietnam

11.4.9.1 Vietnam Aerosol Packaging Market By Material

11.4.9.2 Vietnam Aerosol Packaging Market by Product Type

11.4.9.3 Vietnam Aerosol Packaging Market by End Use

11.4.10 Singapore

11.4.10.1 Singapore Aerosol Packaging Market By Material

11.4.10.2 Singapore Aerosol Packaging Market by Product Type

11.4.10.3 Singapore Aerosol Packaging Market by End Use                                   

11.4.11 Australia

11.4.11.1 Australia Aerosol Packaging Market By Material

11.4.11.2 Australia Aerosol Packaging Market by Product Type

11.4.11.3 Australia Aerosol Packaging Market by End Use

11.4.12 Rest of Asia-Pacific

11.4.12.1 Rest of Asia-Pacific Aerosol Packaging Market By Material

11.4.12.2 Rest of Asia-Pacific Aerosol Packaging Market by Product Type

11.4.12.3 Rest of Asia-Pacific Aerosol Packaging Market by End Use

11.5 Middle East & Africa

11.5.1 Middle East

11.5.1.1 Middle East Aerosol Packaging Market by Country

11.5.1.2 Middle East Aerosol Packaging Market By Material

11.5.1.3 Middle East Aerosol Packaging Market by Product Type

11.5.1.4 Middle East Aerosol Packaging Market by End Use

11.5.1.5 UAE

11.5.1.5.1 UAE Aerosol Packaging Market By Material

11.5.1.5.2 UAE Aerosol Packaging Market by Product Type

11.5.1.5.3 UAE Aerosol Packaging Market by End Use

11.5.1.6 Egypt

11.5.1.6.1 Egypt Aerosol Packaging Market By Material

11.5.1.6.2 Egypt Aerosol Packaging Market by Product Type

11.5.1.6.3 Egypt Aerosol Packaging Market by End Use

11.5.1.7 Saudi Arabia 

11.5.1.7.1 Saudi Arabia Aerosol Packaging Market By Material

11.5.1.7.2 Saudi Arabia Aerosol Packaging Market by Product Type

11.5.1.7.3 Saudi Arabia Aerosol Packaging Market by End Use

11.5.1.8 Qatar

11.5.1.8.1 Qatar Aerosol Packaging Market By Material

11.5.1.8.2 Qatar Aerosol Packaging Market by Product Type

11.5.1.8.3 Qatar Aerosol Packaging Market by End Use

11.5.1.9 Rest of Middle East

11.5.1.9.1 Rest of Middle East Aerosol Packaging Market By Material

11.5.1.9.2 Rest of Middle East Aerosol Packaging Market by Product Type

11.5.1.9.3 Rest of Middle East Aerosol Packaging Market by End Use

11.5.2 Africa

11.5.2.1 Africa Aerosol Packaging Market by Country

11.5.2.2 Africa Aerosol Packaging Market By Material

11.5.2.3 Africa Aerosol Packaging Market by Product Type

11.5.2.4 Africa Aerosol Packaging Market by End Use

11.5.2.5 Nigeria

11.5.2.5.1 Nigeria Aerosol Packaging Market By Material

11.5.2.5.2 Nigeria Aerosol Packaging Market by Product Type

11.5.2.5.3 Nigeria Aerosol Packaging Market by End Use

11.5.2.6 South Africa

11.5.2.6.1 South Africa Aerosol Packaging Market By Material

11.5.2.6.2 South Africa Aerosol Packaging Market by Product Type

11.5.2.6.3 South Africa Aerosol Packaging Market by End Use

11.5.2.7 Rest of Africa

11.5.2.7.1 Rest of Africa Aerosol Packaging Market By Material

11.5.2.7.2 Rest of Africa Aerosol Packaging Market by Product Type

11.5.2.7.3 Rest of Africa Aerosol Packaging Market by End Use

11.6 Latin America

11.6.1 Latin America Aerosol Packaging Market by country

11.6.2 Latin America Aerosol Packaging Market By Material

11.6.3 Latin America Aerosol Packaging Market by Product Type

11.6.4 Latin America Aerosol Packaging Market by End Use

11.6.5 Brazil

11.6.5.1 Brazil Aerosol Packaging By Material

11.6.5.2 Brazil Aerosol Packaging by Product Type

11.6.5.3 Brazil Aerosol Packaging by End Use

11.6.6 Argentina

11.6.6.1 Argentina Aerosol Packaging By Material

11.6.6.2 Argentina Aerosol Packaging by Product Type

11.6.6.3 Argentina Aerosol Packaging by End Use

11.6.7 Colombia

11.6.7.1 Colombia Aerosol Packaging By Material

11.6.7.2 Colombia Aerosol Packaging by Product Type

11.6.7.3 Colombia Aerosol Packaging by End Use

11.6.8 Rest of Latin America

11.6.8.1 Rest of Latin America Aerosol Packaging By Material

11.6.8.2 Rest of Latin America Aerosol Packaging by Product Type

11.6.8.3 Rest of Latin America Aerosol Packaging by End Use

12 Company profile

12.1 Berry Global Inc

12.1.1 Company Overview

12.1.2 Financial

12.1.3 Products/ Services Offered

12.1.4 SWOT Analysis

12.1.5 The SNS View

12.2 Ball Corporation

12.2.1 Company Overview

12.2.2 Financials

12.2.3 Product/Services Offered

12.2.4 SWOT Analysis

12.2.5 The SNS View

12.3 Silgan Holdings Inc

12.3.1 Company Overview

12.3.2 Financials

12.3.3 Product/Services Offered

12.3.4 SWOT Analysis

12.3.5 The SNS View

12.4 Allied Cans Limited

12.4.1 Company Overview

12.4.2 Financials

12.4.3 Product/Services Offered

12.4.4 SWOT Analysis

12.4.5 The SNS View

12.5 Graham Packaging Company

12.5.1 Company Overview

12.5.2 Financials

12.5.3 Product/Services Offered

12.5.4 SWOT Analysis

12.5.5 The SNS View

12.6 Nampak Limited

12.6.1 Company Overview

12.6.2 Financials

12.6.3 Product/Services Offered

12.6.4 SWOT Analysis

12.6.5 The SNS View

12.7 Bharat Containers

12.7.1 Company Overview

12.7.2 Financials

12.7.3 Product/Services Offered

12.7.4 SWOT Analysis

12.7.5 The SNS View

12.8 CCL Industries

12.8.1 Company Overview

12.8.2 Financials

12.8.3 Product/Services Offered

12.8.4 SWOT Analysis

12.8.5 The SNS View

12.9 Crown Holdings Inc

12.9.1 Company Overview

12.9.2 Financials

12.9.3 Product/Services Offered

12.9.4 SWOT Analysis

12.9.5 The SNS View

12.10 Aptar Group Inc

12.10.1 Company Overview

12.10.2 Financials

12.10.3 Product/Services Offered

12.10.4 SWOT Analysis

12.10.5 The SNS View

13. Competitive Landscape

13.1 Competitive Bench marking

13.2 Market Share Analysis

13.3 Recent Developments

13.3.1 Industry News

13.3.2 Company News

13.3.3 Mergers & Acquisitions

14. Use Case and Best Practices

15. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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