The global aerosol actuators market size is expected to reach USD 1,286.47 million by 2030, according to a new study by Polaris Market Research. The report “Aerosol Actuators Market Share, Size, Trends, Industry Analysis Report, By Product (Male, Female, Dosage); By Type (Aluminum, Steel-tinplate, Others); By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rapidly increasing adoption of actuators in personal care products and rising product launches are boosting the industry growth during the forecast period. Due to the advantages of simple drug administration and minimal human contact during medicine dispensing, the industry demand for aerosol personal care products is anticipated to develop rapidly.
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It is projected that the macroeconomic factors contributing to a surge in consumer disposable income will raise demand for personal care and cosmetic items, increasing the sale of aerosol actuators. Furthermore, the major players in the market are taking initiatives for the development of the product. For instance, in October 2020, Teo, a new aerosol actuator from LINDAL Group, has a modular design that makes it appropriate for use in personal care and home care industries.
The 52mm Teo actuator is primarily appropriate for body sprays, deodorizers, and fabric skin creams. The actuator has a contemporary appearance because of its mono-material construction and blends of matt and shiny finished surfaces. Teo will suit any 52mm or 53mm transfer that can benefit from the market and is interoperable with Lindal’s selection of male valves and bag-on-valves. Thus, these factors are assisting the market growth during the forecast period.
As a result of its simplicity of use and little human interaction during product dispensing, aerosol-based household and personal care products are predicted to see an increase in usage. The sector is characterized by the involvement of numerous firms in the production of a significant number of actuators. To lower production costs, businesses purchase raw materials from inexpensive producers. Additionally, industry uncertainty caused by excessive raw material price volatility increases the bargaining strength of suppliers.
Additionally, more than 330 million cases of respiratory illnesses, including asthma, have been reported worldwide; this is projected to increase the demand for inhalers that use aerosols. Increased use of painkilling sprays among athletes to treat on-field injuries is anticipated to boost demand for aerosol in medical applications and propel the actuators market forward.
Aerosol Actuators Market Report Highlights
- Male Actuators segment is anticipated to grow at a significant CAGR rate over the forecast period, owing to its benefits and rapidly rising demand for it. Additionally, growth is anticipated during the projection period due to the expanding use of dosage cans in personal care products.
- Personal Care Industry accounted for a significant share of the global revenue share which is accelerated by the rising due to the widespread use of actuators in deodorant cans.
- Asia-Pacific is expected to grow at a significant CAGR rate over the projected period due to the rising demand for personal care products by males and females across the region.
- The global market is highly competitive owing to the existence of large market players with a global presence including Aptar Group, Aptar Group, Valve C., Newman-Green, and Precision Valve, Summit Packaging, and Ultramotive Corporation.
Polaris Market Research has segmented the aerosol actuators market report based on product, application, type, and region:
Aerosol Actuators, Product Outlook (Revenue – USD Million, 2018 – 2030)
Aerosol Actuators, Application Outlook (Revenue – USD Million, 2018 – 2030)
- Personal Care
- Automotive & Industrial
Aerosol Actuators, Type Outlook (Revenue – USD Million, 2018 – 2030)
Aerosol Actuators, Regional Outlook (Revenue – USD Million, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa