The market is gaining rapid growth owing to the increase in usage of deodorants, hair care, skin care, body care products. Also, growing demand for household products such as air fresheners, insecticides, cleaning & polishing products to maintain hygiene at home is further fueling the market demand. Aerosol cans are portable, easy to use, and chemically inert and possess excellent barrier properties, thus are used across various end-use industries. A growing trend of easy to use, easy to handle products followed by rapid expansion of the retail sector is contributing the market growth.
The latest report by Value Market Research expects the Global Aerosol Can Market to reach USD 19.49 billion by 2022. It was valued USD 28.58 billion in 2030. The report foresees a 4.9% CAGR from 2022 to 2030.
METAL DOMINATED THE PRODUCT SEGMENT
On the basis of product, metal grabbed the leading position by accounting the highest market share in the year 2018. Growing adoption of lightweight packaging with design modification to cater end-user’s need is driving the segment growth. Also, rising concern regarding recyclability of the material is further pushing the demand for metal aerosol cans.
PERSONAL CARE LED THE APPLICATION SEGMENT
By application, personal care emerged as the leading segment in 2018. The growing trend of beautification has resulted in an increase in demand for skincare, haircare, personal care products especially by the female population is driving the segment demand. Ongoing urbanization, increasing awareness regarding beauty products, rise in spending towards self-care is boosting the segment growth.
NORTH AMERICA LED THE REGIONAL MARKET
Geographically, North America dominated the regional market owing to rising demand from end-users. Rising disposable income coupled with an increase in funding for manufacturing recyclable and sustainable aerosol cans is further fueling the market growth.
KEY PLAYERS OF THE MARKET
Major vendor of the market are ARDAGH PACKAGING, Ball Corporation, BWAY, CCL Container, Colep Portugal, Crown Holding Inc., DS Container, EXAL, ITW Sexton Can Company, Inc., Jamestrong Packaging and Nampak
As per this study the Global Aerosol Can Market was valued USD 19.49 BN (by revenue) in 2022 and is anticipated to reach USD 28.58 BN by 2028 with a CAGR of 4.9%.
Aerosol can is the type of container that stores substances such as paint, polish, pesticides, deodorant, foam, etc. under high pressure. These are generally made up of metals such as aluminum, steel, tin along with plastic and glass. Such cans are easy to use, portable and chemically inert and thus used for personal care, home care and industrial use.
Market Dynamics
The increasing usage of aerosol cans for storing personal care products such as shaving foams, deodorants, dry shampoos, hair sprays, and others is driving market growth. The rising demand for aerosol cans from medical, food and beverages, paint and coating and other end-users is fueling the market growth. Also, increasing demand for recyclable packaging is another factor boosting the demand for aerosol cans. Advantages such as lightweight, easy to use and excellent shielding from external conditions are also boosting the adoption of aerosol cans across end-user industries. in spite of this, fluctuating price of raw materials and availability of cheaper substitutes may hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of aerosol can.
Market Segmentation
The broad aerosol can market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Material Type
- Steel
- Aluminium
- Other Materials
By End-user Industry
- Personal Care
- Household Care
- Automotive
- Healthcare
- Other End-user Industries
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for aerosol can in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Aerosol Can Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the aerosol can market includes Ball Corporation, Crown Holdings Inc., Nampak Ltd., CCL Containers, Trivium Packaging B.V.. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.