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An aerosol is a colloidal system that disperses solid or liquid particles through a spray can. These solid or liquid particles are suspended in the form of a mist. Aerosol sprays are convenient to use and also look aesthetically pleasing. Aerosols find a wide variety of applications, including pharmaceutical, personal care, food and beverage and paints among more.
The outbreak of the novel coronavirus has affected the economies worldwide. However, it has provided the aerosol market with growth opportunities. Owing to the use of aerosol-based packaging for disinfectants and medical supplies, the aerosol market has witnessed a substantial growth.
The majority of the growth of the aerosol market can be attributed to increasing demand and consumption of the personal care products such as body sprays and deodorants, shaving creams, thermal water and micellar water, and hair sprays among others. Aerosols are extensively used in food and beverages such as cooking spray oil, whipped cream among more due to its convenient packaging structure. Recently, consumers’ bent towards whipped cream can be seen. It is widely used in bakery products such as cakes, pastries, pies, shakes, waffles among more. This increasing demand for whipped cream is expected to contribute to the demand for aerosols over the coming years.
The personal care segment has seen a significant rise in the demand for aerosol package products due to the increase in the consumption of skin and hair care products, and personal care products. This increasing demand for personal care products is majorly in developing countries and can be attributed to rapidly increasing population, rising disposable income and changing life styles, and increasing portfolio of personal care products. Increased usage and demand for house hold products such as sanitizers and disinfectants, room and car air fresheners and more has contributed to the growth of the aerosols market.
This demand for aerosols can be attributed to changing life styles and better standard of living of the consumers. With aerosol packaging, there is control over product usage which results in less product wastage.
This makes aerosols convenient and popular among the consumers. Aerosol products such as spray paints and varnishes find application in the automotive industry. The growing demand for the automotive vehicles couples with the awareness regarding the maintenance of the vehicles is dynamically driving the demand for aerosols. This demand is expected to increase over time owing to the increasing sales of automotive.
Recently, companies are focusing on devising such kind of a packing which is not heavy on the environment. Companies are expected to devise aerosols, which reduce the overall carbon footprint of the product. Also, the raw materials used to manufacture aerosols are expected to be developed in such a way that they don’t influence a negative impact on the environment. This has been seen as a window of opportunity for the companies. Unilever has launched its aerosol products whose packing does not have a negative impact on the environment. The aerosol cans are relatively smaller than the traditional cans. Also, the aerosol cans are made to have a long shelf life and more durable.
Europe has been the market leader. This can be attributed to the increasing usage of aerosol based personal care products and a wide variety of established portfolio of aerosol based products. Asia-Pacific is expected to witness a significant rise in the aerosol market share. This is attributed to rapidly increasing population, rapid industrialization, and urbanization. In the developing countries like India and China, the growth of the aerosol market share can be attributed to the increasing bent towards aerosol based household products. Also, increasing industrialization and construction activities in the region, has provided the aerosol market with a window for growth.
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