The global aerosol cans market is evaluated at US$71.879 billion for the year 2019 and is projected to grow at a CAGR of 3.65% to reach a market size of US$92.372 billion by the year 2026.
The aerosol cans market is expected to witness steady growth during the forecast period owing to a drastic shift in consumer preferences as the packaging factor for a product is not just about aesthetics but about creating value for storage, transportation, and ease of use.
Furthermore, the recyclability and reusability of aerosol cans act as an important driver for the growth of the market. Being made from metals, glass, or plastics (such as PET), these cans are infinitely recyclable. It also helps can users in obtaining a cost advantage in packaging, while at the same time addressing concerns about disposability, as they are manufactured in accordance with environmental regulations for decomposition. Additionally, recycling metal cans can save up to 74% of energy, leading to reduced energy consumption in product recycling. As a result, recycled cans are priced cheaper than newly manufactured cans. In addition, rising penetration of the product in household applications including stain removers, pre-wash sprays, shoe polish, starch, water repellents for leather & fabric is expected to drive the market growth over the forecast period.
Additionally, the strong urge in the aging population to retain a youthful appearance is further nurturing the growth of the cosmetics industry. Hence, with the growing demand, and thereby, production of cosmetics and hygiene products, the demand for aerosol has also been increasing from the personal care industry. The demand for aerosol cans is expected to be driven by factors such as ease of use, portability, recyclability, safety & strength, and the increased aesthetic appeal of the product. Furthermore, the growth in the personal care industry and the increase in demand for cosmetic products present a great opportunity for this market to grow in the future.
Furthermore, with the ongoing recycling trends globally, the use of recycled empty aerosol cans in normal household waste packaging enables an effective stream without causing a hazard. The FEA advocates due to empty aerosols in the recycling schemes.
The advent of COVID-19 had an adverse impact on the global Aerosol cans market. The immense downturn in the global manufacturing industry has been a significant reason for the decline in the demand for Aerosol cans at a global level. The industry was impacted with lockdowns imposed in several countries across the globe with only the necessities being allowed during the period. This resulted in a significant decline in the demand during the initial months. The demand during the period was majorly driven by the rise in demand from the healthcare sector as the end-user. This was due to the possibility of airborne transmission in specific circumstances is expected to leverage the demand for aerosol can packaging. This is due to the advantage of convenience, and accurate dosing without spillage and airtight packaging provided by the aerosol cans eliminates the likelihood of contamination.
The segmentation of the global Aerosol cans market has been done into the type of can, type of material, propellent type, industry vertical, and geography. By type of can, the classification of the market has been done into Straight Wall, Necked-In, Shaped. By type of material, the classification of the market has been done into Aluminium, Steel, Glass, Plastic. By propellant type, the classification of the market has been done into Liquefied Gas Propellant, Compressed Gas Propellant. By industry vertical, the classification of the market has been done into Personal Care And Cosmetics, Food And Beverage, Healthcare, Automotive, Others. Furthermore, based on geography, the global market has been distributed as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Infrastructural developments in the Asia Pacific is expected to drive the market in the forecast period
Increasing urbanization coupled with rapid infrastructural development in emerging economies of Asia Pacific is expected to drive the demand for such cans, leading to the increasing growth of the market in the forecast period. In addition, increasing technological developments leading to the production of advanced aerosols are expected to benefit growth. The growing use of products such as adhesives & sealants, industrial cleaners, and lubricants is expected to propel demand during the forecast period. In addition, favorable policies aimed at promoting investments in construction and automotive industries are likely to drive the demand for aerosol in the coming years.
Various government regulations are expected to fuel the use of aerosol cans in the future
The current recycling trends going on across the globe are expected to fuel the market even further during the forecast period. The rising environmental concerns across the globe have resulted in stringent government regulations in order to promote the use of recycled products.
The global Aerosol cans market players are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the market.
|Market size value in 2019||US$71.879 billion|
|Market size value in 2026||US$92.372 billion|
|Growth Rate||CAGR of 3.65% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type of can, Type of material, Propellant Type, Industry Vertical, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Ball Corporation, Crown Holdings Inc., Nampak Ltd., CCL Container (Hermitage), Inc., Exal Corporation, Arminak & Associates LLC, Colep Scitra Aerosols, Spray Products Corporation, Mauser Packaging Solutions, DS Containers, Inc.|
|Customization scope||Free report customization with purchase.|
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