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Aerosol Valves Market Size, Growth Drivers, Analysis 2023-2033
Aerosol Valves Market Size
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According to The Business Research Company's, The aerosol valves market size has grown strongly in recent years. It will grow from $1.95 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to convenience and user-friendly packaging, growth in personal care industry, increased use in medical and pharmaceutical products, consumer preference for spray products.
The aerosol valves market size is expected to see strong growth in the next few years. It will grow to $2.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to shift towards sustainable packaging, customization and branding opportunities, expansion of pharmaceutical inhalers, demand for homecare and cleaning products, globalization of cosmetic and personal care brands, rise in e-commerce and online retail. Major trends in the forecast period include development of low-impact propellants, innovation in valve designs, digital printing on aerosol cans, technological advancements in valve design.
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Market Drivers and Trends:
The rising demand for personal care products is expected to propel the growth of the aerosol valve market going forward. Personal care products refer to a wide range of products used for maintaining personal hygiene, enhancing appearance, and promoting overall well-being. Aerosol valves in personal care products provide controlled and efficient dispensing, ensuring precise application, convenient usage, and longer shelf life. For instance, in 2023, according to Cosmetics Europe, a Belgium-based personal care association, every day,500 million consumers use personal care products to enhance their well-being and protect their health. Additionally, the personal care industry involves approximately USD 31.23 billion (€29 billion) annually to the European economy. Therefore, the rising demand for personal care products drives the aerosol valve market.
Innovation in aerosol valves is a key trend gaining popularity in the aerosol valves market. Major companies operating in the aerosol valve market are focused on innovation in valves to sustain their position in the market. For instance, in October 2022, Plastipak, a US-based plastic fabrication company launched SprayPET Revolution, an all-polymer aerosol. This product is 100% polymer aerosol, with valves and is fully recyclable. The valve seals with novel polymers other than PET that have a molecular density of less than 1g/cm3. This implies that during the recycling process, the valve can be easily processed with the PET container.
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Major Key Players of the Market:
Procter & Gamble Co, Honeywell International Inc., Henkel AG & Co. KGaA, Estée Lauder Inc., Akzo Nobel N.V, Beiersdorf AG, Aroma Industries, Aptar Group Inc., Maruichi Co. Ltd., Kendrion (Mishawaka) LLC, Weener Plastics Group, Bespak PLC, Coster Group, Seaquist Perfect Dispensing Ltd., Seung-il Corporation, Summit Packaging Systems Inc., IGS Aerosols GmbH, DS Containers Inc., LINDAL Group Holding GmbH, Clayton Corporation, Packaging Concepts Associates LLC, Shanghai Metal Corporation, Pacific Bridge Packaging Inc., Precision Valve Corporation, Salvalco, Mitani Valve Co Ltd., LINDAL Group Holding GmbH, Newman-Green Inc., KOH-I-NOOR Mladá Vožice a.s., EC Pack Industrial Limited.
Aerosol Valves Market 2024 Key Insights:
• The aerosol valves market size is expected to see strong growth in the next few years. It will grow to $2.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.
• Personal Care Product Boom Fuels Growth In The Aerosol Valve Market
• Innovative Products Shaping The Aerosol Valves Market
• Europe was the largest region in the aerosol valves market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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