The global aerosol market size is expected to reach USD 131.35 billion by 2030, according to a new study by Polaris Market Research. The report “Aerosol Market Share, Size, Trends, Industry Analysis Report, By Can Type (Steel, Aluminum, Plastic, Others); By Type (Bag-In-Valve, Standard); By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Respiratory disorders such as asthma and Chronic Obstructive Pulmonary Disease (COPD) have become much more common globally in recent years, owing primarily to changing lifestyles and an aging population. The industry for aerosol-based inhalers is primarily driven by the rising number of cases of such respiratory disorders. According to the WHO, asthma is the most common non-communicable disease in children, and 15.0-18.0% of cases are found in developed countries every year.
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In addition, the rising environmental concern among people is leading to the development of eco-friendly metal cans or PET-based packaging, which in turn, is likely to expand the industry growth opportunities.
Furthermore, the WHO estimated that more than 4.5 million people globally will die each year from COPD and related diseases by 2030. According to the Chinese Center for Disease Control and Prevention, in 2019, 88.5% of all deaths were caused by chronic diseases including cardiovascular, cancer, and chronic respiratory disease, accounting for 80.7%.
Aerosol Market Report Highlights
- Household segment is anticipated to grow at a significant CAGR rate over the forecast period. The significant expansion of the household segment can be ascribed to rising living standards and a focus on hygiene, particularly in developing countries.
- Standard segment accounted for a significant share of the global revenue share. Continuous and metering type valves are included in this category; continual valves are utilized in applications that require continuous spraying. The increasing use of such valves in food, technical, and residential care items such as insecticides, rodenticides, and decorative products is likely to propel the segment forward.
- Asia-Pacific is expected to grow at a significant CAGR rate over the projected period. The governments of China and India have been emphasizing encouraging favorable investment, which is projected to provide the industry with profitable growth possibilities throughout the forecast period.
- The global market is highly competitive owing to the existence of large industry players with a global presence including Akzo Nobel N.V., Honeywell International Inc., Reckitt Benckiser Group Plc., S. C. Johnson & Son, Inc., Thymes, LLC, Unilever LLC, and Valspar Inc.
Polaris Market Research has segmented the aerosol market report based on can type, application, type, and region:
Aerosol, Can Type Outlook (Revenue – USD Billion, 2018 – 2030)
Aerosol, Type Outlook (Revenue – USD Billion, 2018 – 2030)
Aerosol, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Personal Care
- Hair Mousse
- Hair Spray
- Shaving Mousse/Foam
- Plant Protection
- Air Fresheners
- Furniture & Wax Polishes
- Surface care
- Automotive & Industrial
- Spray Oils
- Whipped Cream
- Edible Mousse
- Sprayable Flavours
- Paints & Coatings
- Topical Application
Aerosol, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa