Global Aerosol Market Size, Share, Growth Analysis, By Propellant type, By Valve type, By Application, By Can Type - Industry Forecast 2024-2031

Global aerosol market size was valued at USD 82.04 billion in 2022 and is poised to grow from USD 87.62 billion in 2023 to USD 148.31 billion by 2031, at a CAGR of 6.8% during the forecast period (2024-2031).

The market analysis suggests a rising demand for personal care items like body creams, deodorants, sunscreens, and cosmetics, which is expected to drive growth in the aerosol market. Leading personal care companies like Estee Lauder, Johnson & Johnson, and Procter & Gamble contribute to this trend with their strong product portfolios. Aerosol particles are utilized in various products such as deodorants, hair sprays, shaving foam, nebulizers, inhalers, and spray paints, adding to the market's expansion due to the growing variety of available items. Consumer preferences heavily rely on packaging, influencing their purchasing decisions. The aerosol market benefits from increasing disposable incomes and heightened awareness regarding personal appearance and hygiene, contributing to elevated demand in both pharmaceutical and personal care packaging sectors. Aerosol containers offer advantages such as safety and leak-proof seals, making them particularly appealing for households with children or pets. Additionally, their tamper-evident design ensures product integrity. Aerosols find application not only in personal care but also in food, kitchen products like whipped cream, frosting, chocolate, coffee powder, and condiments like salad dressings, ketchup, and mustard, as well as cooking oils such as PAM. However, concerns about the environmental and health impacts of aerosols pose challenges to market growth.

Top-down and bottom-up approaches were used to estimate and validate the size of the global aerosol market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Aerosol Market Segmental Analysis

Global aerosol market is segmented based on propellant type, valve type, application, can type, and region. By propellant type, the market is segmented into liquefied gas propellants and compressed gas propellants. By valve type, the market is segmented into mechanical actuators and non-mechanical actuators. By application, the market is segmented into automotive, paints and coatings, food and beverage, healthcare, and others. By can type, the market is segmented into steel, aluminum, plastic, others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.

Drivers of the Global Aerosol Market

Packaging plays a crucial role in the daily lives of consumers, influencing their purchasing decisions. Many consumer packaged goods (CPG) companies are now embracing sustainable aerosol-based packaging, aiming for reuse and recycling. Studies have shown that aerosol cans used for personal care products are 100% infinitely recyclable. As a result, major players in the personal care industry like Procter & Gamble, Unilever, and L'Oreal are actively repurposing and recycling aerosol-based containers made of glass, metal, or plastic to enhance durability and reduce costs. Aerosol packaging offers an airtight solution, minimizing the risks of breakage, leakage, and spillage. The CPG sector is creating opportunities in the aerosol market by providing various sustainable and cost-effective benefits. Additionally, pharmaceutical aerosols play a significant role in treating obstructive airway diseases such as asthma, chronic obstructive pulmonary disease, and tuberculosis. These aerosols are also utilized in dentistry for tasks like dental drills and air tooth polishing. Moreover, the rising prevalence of asthma and oral diseases is driving up the demand for compressed aerosol propellants.

Restraints in the Global Aerosol Market

Aerosol cans tend to be pricier compared to traditional packaging options, as the additional production expenses impact the overall cost of the final products. To mitigate these costs, manufacturers are exploring alternatives such as bag-in-bottle container solutions, which offer continuous spraying without the need for aerosol propellants. These sprayers come with a range of environmental advantages, including improved performance, efficiency, and excellent value. Moreover, refillable spray bottles, which eliminate the need for disposal, are generally more cost-effective than aerosol cans. This not only reduces expenses but also makes them more environmentally friendly.

Market Trends of the Global Aerosol Market

A notable trend in the aerosol market is the changing consumer preference towards organic or herbal aerosol cosmetic and personal care products. Aerosols are commonly used in products like cosmetics setting sprays and shave sprays. However, these products often contain high levels of chemicals that can harm the skin, leading to issues such as rashes, acne, and pimples. As a result, consumers are increasingly seeking out products made from herbal and natural flower extracts, as well as essential oils. These ingredients offer medicinal properties that can help address skin-related problems and enhance natural beauty.