Published Date : 13 Dec 2022
The global aerosol market size was exhibited at USD 79.77 billion in 2022 and is expected to surpass around USD 147 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.94% during the forecast period 2022 to 2030.
An aerosol is a colloidal system that disperses solid or liquid particles using a spray bottle. These liquid or solid particles are suspended as a mist. Aerosol sprays are easy to use and have a nice aesthetic. Many different industries use aerosols, including the pharmaceutical, personal care, food & beverage, and paint industries. Due of its easy packing, aerosols are widely used in food and beverages, including whipped cream, frying spray oil, and more.
Aerosol Market Report Scope
|Market Size In 2022||USD 79.77 Billion|
|Market Size By 2030||USD 147 Billion|
|Growth Rate from 2022 to 2030||CAGR of 7.94%|
|Forecast Period||2022 to 2030|
|Segments Covered||By Propellent Type, By Propulsion, By Valve Type, By Material, By Type, By End Use, By Application|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
Asia-Pacific is expected to be the fastest-moving region of the aerosol market owning to a surge in sales of household products. This can be mostly attributable to consumers' growing awareness of cosmetics products, such as deodorants and antiperspirants, shower gels and liquid soaps, men's grooming items, and hair care items like shampoos and conditioners.
Over the forecast period, it is anticipated that significant urban infrastructure development, particularly in developing nations like China and India, will promote the growth of the paint, coatings, and adhesives industry. This will encourage the use of spray products.
Numerous consumer packaged goods (CPG) businesses are progressively implementing recyclable and reusable aerosol-based packaging. Personal care aerosol cans are completely and endlessly recyclable, according to a study. To improve sustainability and cut costs, several top manufacturers of personal care products, including Procter & Gamble, Unilever, and L'Oréal, recycle and reuse aerosol-based glass, metals, and plastic containers. There is a reduced likelihood of breakage, spillage, and leaks thanks to aerosol packaging's sealed solutions. The CPG sectors are opening up prospects in the aerosol industry owning to their numerous cost- and sustainably-efficient advantages.
Pharmaceutical aerosols are also widely used in the treatment of obstructive airway illnesses such as tuberculosis, chronic obstructive pulmonary disease, and asthma. Dental drills and air tooth polishing both employ aerosol in dental procedures. The need for compressed aerosol propellants is also being increased by the rising prevalence of oral and asthmatic disorders.
In terms of packaging, aerosol cans are more expensive than their traditional alternatives. The price of finished products is impacted by the increased manufacturing costs. For continuous spraying without the use of any form of aerosol propellant, manufacturers are employing alternatives such as bag-in-bottle container solutions. These sprayers offer numerous environmental advantages, such as efficiency, functionality, and astounding value. Since they don't need to be thrown away, refillable spray bottles are less expensive than aerosol cans. They become more eco-friendly because of this. This factor could limit this market's ability to grow its revenue during the anticipated period. Additionally, one of the biggest dangers the aerosol sector faces is threats associated to products. Due to the presence of slightly elevated quantities of benzene, top FMCG producers are recalling their products from stores.
Product innovation & increasing investments in the medical industry are likely to create opportunities for the market in the coming year. Pharmaceutical aerosols are one of the medication conveyance strategies that have been developed as a result of improvements in the pharmaceutical and healthcare sectors in response to the desire for efficient ways to treat a variety of ailments.
Pharmaceutical aerosols are goods that are packaged under pressure, with therapeutically active components that are dissolved or suspended in propellant and are released after the proper valve system is engaged. Typically, these pharmacological aerosols are applied to the skin, nose, or mouth. One of the numerous parts of a pharmaceutical aerosol system are pharmaceutical propellants.
Providing an alternative to aerosol packagings, such as aerosol driven by natural gas, which is certain to gain higher adoption due to the appropriate environmentally favorable properties, is one of the challenges in the aerosol market.
This issue can hamper the market of aerosol in future time and had an adverse effect on the growth of the market.
Environmentally friendly aerosol has been added to the Nivea deodorant product line by Beiersdorf AG, a multinational manufacturer of personal care goods and pressure-sensitive adhesives with headquarters in Germany. For its Nivea Ecodeo product line, the corporation worked with packaging businesses Salford Valve Company and Nussbaum Matzingen to develop recyclable aluminum cans and environmentally friendly aerosol valve systems. In order to provide its customers more environmentally friendly aerosol products, Beiersdorf is implementing sustainability measures across the entire organization and in product reusability.
Key Players in the Report
By Propellent Type
By Valve Type
By End Use
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