Aerosol Market Trends

  • Report ID: 6513
  • Published Date: Oct 07, 2024
  • Report Format: PDF, PPT

Aerosol Market Trends

Growth Drivers:

  • Increasing need for personal hygiene products: The aerosol market is anticipated to expand due to the increasing usage of aerosol propellants in deodorants, antiperspirants, styling mousses, hair sprays, insecticides, shaving gels, fabric care, air fresheners, furniture polish, oven cleaners, and leather care products. Growing consumer demand for skin care products, cutting-edge beauty procedures, and marketing tactics used by companies including, L'Oréal, Unilever, and P&G are some of the major factors propelling the global market. Furthermore, macroeconomic variables including consumers' growing disposable income are predicted to drive up demand for cosmetics and personal hygiene items.
  • Growing utilization of respiratory equipment in the medical field: Pain relief drugs such as inhalers for asthma or other sprays for sunburn, bug bites, and itching are packed in the presence of aerosol, making them easier to handle and apply.  This is a key factor boosting aerosol market growth.  The demand for medical aerosol is anticipated to rise in the upcoming years due to the expansion of sporting events across the globe. In addition, the rising prevalence of respiratory conditions such as obstructive sleep apnea (OSA) and chronic obstructive pulmonary disease (COPD), the increasing geriatric population, and the rising rate of environmental pollution have fueled the aerosol market for aerosol.

    Aerosol is likely to become more significant in check valves, DPI devices, and MDI valves in the coming years due to the growing need for respiratory equipment.In July 2023, Viatris Inc. partnered with Kindeva Drug Delivery L.P. to launch Breyna, an inhalation aerosol for people with COPD and asthma. This is the first generic version of Symbicort launched by AstraZeneca.
  • Increasing aerosol content in a range of food products: High usage of aerosols in a variety of food products, such as chocolates, whipped cream, ketchup, olive oil, and vinegar, is anticipated to drive market growth. By forming a barrier between the food product and the outside environment, aerosols assist preserve food products 100% intact and extend their shelf life by preventing contamination. In addition, it is projected that in the upcoming years, the expanding whipped cream market will help the expansion of the global aerosol market. In May 2019, Anchor Food Professionals announced the launch of a new aerosol whipped cream product which is a ready-to-use cream in canister format.

    Growing disposable income and rapidly urbanizing consumers' changing lifestyles are anticipated to have a favorable impact on the market. The market is anticipated to develop as a result of ongoing product innovation, consumer preferences for high-quality goods, and tighter government food restrictions.

Challenges:

  • Tight regulatory environment: The aerosol market strives to offer its consumers safe products, and to prevent consumer pain, the products are regularly inspected and verified for inconsistencies. Due to this, the players in the market have to abide by several laws about product safety, environmental effects, manufacturing and storage, and transportation.
  • Alternatives that are available and the dangers associated with product recalls: Cans for aerosols are more costly than alternatives for conventional packaging. Additional production expenses impact the price of finished goods. Instead of using aerosol propellant, manufacturers are switching to continuous spraying options including bag-in-bottle container solutions. These sprayers are more economical, effective, and have great performance when it comes to the environment.

Aerosol Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

5.9%

Base Year Market Size (2024)

USD 43.9 billion

Forecast Year Market Size (2037)

USD 92.3 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Anil


  • Report ID: 6513
  • Published Date: Oct 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The aerosol market size was USD 43.9 billion in 2024.

The global aerosol market size was US 43.9 billion in 2024 and is likely to reach USD 92.3 billion by the end of 2037, expanding at a CAGR of 5.9% over the forecast period, i.e., 2025-2037.

Henkel AG & Co., KgaA, S. C. Johnson & Son, Inc., Procter & Gamble, Colep Consumer Products, Akzo Nobel N.V., Beiersdorf AG, Estée Lauder Inc, Oriflame Cosmetics S.A., and Ball Corporation are some key players in the market.

The compressed gas propellants segment is expected to hold a leading share during the forecast period.

North America is projected to offer lucrative prospects with a share of 33.8% in 2025.
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