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Important Reasons For The Bloom In Aerosol Markets
Posted: Apr 26, 2019
Aerosols are colloidal chemicals which are suspended in gaseous substances in solid or liquid form. Aerosols find a broad range of applications in personal care, automotive industry, food, paints, medical, as well as in household industries. The growth of the aerosol market is contributed to by a rise in the consumption of lifestyle products such as deodorants, body sprays, shaving creams, and hair sprays. Few of the established and influential players in the aerosol market include Unilever, Reckitt Benckiser Group plc, AkzoNobel N.V., S.C. Johnson & Son, Thymes LLC, Honeywell, Crabtree & Evelyn, and Procter & Gamble.
Major Factors Driving The Growth Of The Aerosols Market
- Rapid Industrialization
Global urbanization is on the rise. Urbanization alongside evolved infrastructural development in rapidly progressing economies of Asia Pacific (APAC) is predicted to boost the demand for aerosol in end-user products such as paints and household appliances. Further, the introduction of the Environmental Protection Agency (EPA) has allowed aerosol-based cleaning products. This has collectively caused the industry to expand across the globe, especially in hospitality and automobile sector.
- Introduction Of Eco-Friendly Packaging Solutions
Scientists have come up with eco-friendly packaging solutions for aerosols. Big giants such as Unilever have launched aerosols marketed with a USP of having eco-friendly packaging solutions which also have a long shelf-life. These containers were proven to be half the size of established containers and had a significantly longer shelf life. According to an aerosol cans market report, this has resulted in lowering the average carbon footprint of the overall aerosol industry. Big brands such as Dove, Sure and Vaseline are extensively using eco-friendly packaging solutions in the packaging and marketing of aerosols.
- Devising More User-Friendly Products
In the domain of metal packaging, innovations are being made which aim at improving consumer convenience and combating environmental concerns. For instance, compressed propellant gases have replaced hydrocarbons. There has also been the introduction of bi-compartmental technology which helps in separating the main product from propellant through the introduction of a plastic inner bag. Such operational upgrades have advocated a rise in the popularity of aerosol products in developed countries.
Additionally, a large number of organizations are employing aluminum cans and containers and are predicted to dominate the aerosol industry. A rise in demand for aluminum cans is due to improved standards of living, more consciousness paid to overall hygiene & safety and a rise in the demand for lightweight packaging. Also, aluminum has a high recycling rate which makes it eco-friendly.
- Rise In Demand For Household And Cosmetic Products
Emerging economies are experiencing heightened demand for personal care products due to the rapidly changing lifestyle, a rise of disposable income, and a rising emphasis on gender-specific products in APAC and African countries. Additionally, the growth of the organized household segment (directly related to the improved standard of living) is characterized by improved medical safety, and healthcare is also driving the aerosol industry.
According to experts, a rise in the consumption rate of household products like air fresheners, cleaners, sanitizing agents, and disinfectants can be observed. Their dispersive characteristic is proven to help users and manufacturers utilize less number of propellant in a better and more uniform way.
- Expansion Of The Sophisticated Automobile Industry
The automotive and industrial segment is one of the prominent application segments of aerosols. Due to a rise in consumer awareness in the engineering community across the globe, including product designers and electrical architects, the popularity of aerosols have increased. Use of aerosol-based products in automobiles has caused an improvement in appearance, maintenance, and treatment of vehicles.
The use of products such as spray paints and other automotive cleaning agents is helping generate more business for aerosol manufacturers. The increase in the use of adhesives, sealants, lubricants, and anti-fog agents due to a rise in the sales of automobiles is also propelling the growth of the aerosol market globally.
- Sophistication Of The Health And Medical Sector
Worldwide, the medical segment is growing. Increase in the demand for dry respiratory inhalers, metered dose inhalers, and related products is increasing. This is causing a rise in the potential business opportunities of aerosol products in developed nations such as the U.S, Canada, Russia, and Australia.
The rise in pollution levels has caused an increase in the global asthmatic population which widely prescribed inhalers that use medicines in the form of aerosols. A rise in awareness with respect to cleanliness and hygiene is also positively impacting the growth of cleaners, spray sanitizers, and air fresheners.
The concept of an aerosol is proven to be not only cost-effective but also more operationally friendly. Using aerosols is industrially proven to reduce wastage, increase the longevity of the product and be eco-friendly. Aerosols are widely used by the middle-class population of the world for their cost-effective and eco-friendly features.
Sanath pollemore is best blogger and writer alll niche.