The Asia Pacific aerosol cans market was valued at US$24.712 billion in 2019 and is projected to expand at a CAGR of 5.49% over the forecast period to reach US$35.924 billion by 2026.
An aerosol can is a self-contained dispensing system in which a substance is saved interior a small metallic canister and driven out as an excellent mist, a spray, or a foam. This mini dispensing system includes 5 key factors that paintings collectively supply a steady product. Used to package deal the whole thing from meals and deodorant to laundry and car merchandise, necked-in metallic aerosol cans are extraordinarily long-lasting and serve as an automobile for emblem proprietors to beautify their merchandise at the retail shelf. Despite the small size, every aerosol can incorporate a complicated ecosystem, and that is the cause that many aerosol cans want to be shaken earlier than you could use them. Shaking the can mixes the lively element with the propellant and solvent. In addition to this, it's miles a corrosion-resistant material, which guard the cans content material towards deterioration. Gases that are used as aerosol propellants are Co2, propane, and butane. Apart from their fundamental usage, aerosol cans have huge printable floor vincity that offer 360-diploma billboards for manufacturers to outshine the competition due to which they are used as a device for advertising. Consumers around the globe are demanding metal cans instead of plastic cans due to the rising environmental concerns. The metal can be easily recycled due to which metal cans are in high demand and is the major driver for the market growth. Stringent government regulation on the plastic ban and growing innovation in food and beverage industry in economies like India and China has increased the demand for aerosol metal can which will further drive the growth of the market.
The rise in disposable income, changes in consumer lifestyles, product presentation & differentiation, as well as rising growth in the personal care and cosmetics industry due to rising adoption of beauty products by the population, rising demand for easy-to-use portable products for use in household sprays are the major factors driving the market growth. Furthermore, rising modernization and technological improvements in packaging machinery, as well as increased research and development activities, will generate new chances for the aerosol cans market throughout the projection period. Market players in the industry are making efforts to improve their manufacturing capabilities to manufacture innovative products in the market. For instance- Cipla, a pharmaceutical company has manufactured ‘Naselin’ which is an anti-viral aerosol can Nasal spray. It has povidone Iodine which helps to give protection against coronavirus and respiratory tract infections.
However, the presence of cheaper alternative packaging options and the presence of harmful chemicals in aerosol cans that are used as a propellant, as well as growing environmental and health concerns, are among the major factors restraining market growth and further challenging the growth of the aerosol cans market.
One of the primary reasons driving the market's growth is the continually increasing demand for cosmetics and personal care products around the world. This can be due to expanding consumer spending power, as well as changing lifestyles, which are resulting in increased sales of high-quality personal care items including deodorants, hair sprays, and body mists. Furthermore, the increased use of spray paints in the automotive industry for vehicle protection and personalization is boosting the market growth. In addition, increased consumer awareness of the recyclability and reusability of aerosol cans is fueling growth. Aluminum aerosol cans are made from recyclable aluminum, making them extremely eco-friendly, cost-effective, and energy-efficient due to which their demand is high in the market. Other drivers, including widespread product use in agriculture for spraying fertilizers and insecticides, are expected to fuel the market growth during the forecast period.
Ball Corporation has acquired Tubex Aluminum aerosol packaging to expand its aerosol packaging in the Asia-pacific region and to increase its revenue by introducing innovative products in the market. (AUG 2020).
The COVID-19 pandemic, however, is expected to act as a restraint to this market growth because of the pandemic, several countries around the world went into lockdown, which completely disrupted the supply chain. Also, work stoppages, labor shortages, and preventive quarantines to curb the spread of the virus is expected to have a negative impact on the market.
The increasing demand for Asia Pacific aerosol can solutions has led to the entry of several new players in the Asia Pacific aerosol cans market. Now, to increase their clientele as well as increase their market share in the upcoming years, many of these market players have taken various strategic actions like partnerships and the development of novel solutions, which is expected to keep the market competitive and constantly evolving. Major market players like Crown, BWAY Corporation, and Avery Dennison Corporation among others 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 Asia Pacific aerosol cans market.
|Market size value in 2019||US$24.712 billion|
|Market size value in 2026||US$35.924 billion|
|Growth Rate||CAGR of 5.49% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Can Type, Material Type, Propellant Type, Application, Industry Vertical, And Country|
|Regions covered||China, India, Japan, South Korea, Australia, Others|
|Companies covered||Ball Corporation, Crown, BWAY Corporation, Avery Dennison Corporation, Exal Corporation, Shanghai Nansen Industry Co., Ltd., Shanghai Sunhome Industrial Co., Ltd., Jamestrong Packaging, Zenith Spray and Aerosols Private Limited, Aero-pack Industries, Inc.|
|Customization scope||Free report customization with purchase|
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Function
4.4. Function Value Chain Analysis
5. Asia Pacific Aerosol Cans Market Analysis, By Can Type
5.2. Straight wall
6. Asia Pacific Aerosol Cans Market Analysis, By Material Type
7. Asia Pacific Aerosol Cans Market Analysis, By Propellant Type
7.2. Liquefied Gas Propellant
7.3. Compressed Gas Propellant
8. Asia Pacific Aerosol Cans Market Analysis, By Application
8.4. Grooming Products
9. Asia Pacific Aerosol Cans Market Analysis, By Industry Vertical
9.2. Personal Care and Cosmetics
9.3. Food and Beverage
10. Asia Pacific Aerosol Cans Market Analysis, By Country
10.5. South Korea
11. Competitive Environment and Analysis
11.1. Major Players and Strategy Analysis
11.2. Emerging Players and Market Lucrativeness
11.3. Mergers, Acquisitions, Agreements, and Collaborations
11.4. Vendor Competitiveness Matrix
12. Company Profiles.
12.1. Ball Corporation
12.2. Crown Holdings Inc.
12.3. BWAY Corporation
12.4. Avery Dennison Corporation
12.5. Exal Corporation
12.6. Shanghai Nansen Industry Co., Ltd.
12.7. Shanghai Sunhome Industrial Co., Ltd.
12.8. Jamestrong Packaging
12.9. Zenith Spray and Aerosols Private Limited
12.10. Aero-pack Industries, Inc.
Avery Dennison Corporation
Shanghai Nansen Industry Co., Ltd.
Shanghai Sunhome Industrial Co., Ltd.
Zenith Spray and Aerosols Private Limited
Aero-pack Industries, Inc.
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