09.07.21
The aerosol market size is expected to reach $82.49 billion by 2028, according to a recent report by Reports and Data.
In the report, a worldwide analysis was conducted in the personal care, household, automotive and industrial, food, paints, and medical markets. According to the report, the global aerosol market size was $61.21 billion in 2020 and is projected to reach $82.49 billion in 2028 – registering a revenue CAGR of 3.8% over the forecast period of 2021–2028.
Deodorants, Coatings and Cleaning Agents Are Key Revenue Drivers
The analysis found there is an increasing demand for personal care products such as hair sprays and deodorants, along with a rising demand for coatings, cleaning agents, air fresheners, insecticides, and a variety of other products are key factors driving rapid global market revenue growth. Personal care items such as gel toothpastes, lotions and hydrating creams, cream foundations, self-tanners, makeup setting sprays, and thermal waters sunscreen use aerosols. Aerosols are also widely used in the healthcare sector in products such as disinfectants, inhalers, anesthetic preparations, among others.
Ongoing research and development initiatives and private investments in personal care, household, food, automotive and industrial, medical, and paint products are factors expected to positively impact revenue growth of the market over the forecast period.
The recent uptick in government emphasis on sustainability and green economy has yielded rapid adoption of eco-friendly packaging products across various industries and sectors, including aerosol product containers, which are recyclable. The development and launch of more advanced aerosol products have opened up new and more profitable opportunities for major players in the global aerosol market.