Global aerosol market to reach $106bn by 2028
The global aerosol market is valued at $73.5 billion in 2021 and is projected to reach a value of $106 billion by 2028 at a CAGR of 6.3%, according to a new report by Vantage Market Research.
According to the report, some of the key factors anticipated accelerating the aerosol market growth over the forecast period.
As disposable money has increased and people’s concern about personal cleanliness and appearance has increased, the market in the sector has expanded.
Thus, the worldwide aerosol market is being driven by growing demand in the packaging for pharmaceutical and personal care products. The advantage of using aerosol containers is increasing the demand for aerosol.
The report forecasts that the liquefied gas propellants category in the aerosol market sales will account for more than 65% of total sales by 2028.
Liquefied gas propellants are widely used in the consumer packaged goods market for a huge range of goods, such as underarm deodorant, hair smoothing sprays, moisturisers, insecticide splatters, room deodorisers, and many others.