Aerosol Cans Market

Updated on : October 10, 2024

Aerosol Cans Market

The global aerosol cans market was valued at USD 11.2 billion in 2023 and is projected to reach USD 13.6 billion by 2028, growing at 4.0% cagr from 2023 to 2028. This growth is fueled by increasing demand across various sectors, including personal care, household care, automotive, healthcare, and more.

Aerosol Cans Market Size, Forecast & Trends

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Aerosol Cans Market Dynamics

Driver: Growth of the cosmetic & personal care industry

The burgeoning growth of the cosmetics and personal care industry stands as a significant driver for the aerosol cans market. As urbanization accelerates and disposable incomes rise globally, more consumers are investing in personal grooming and beauty products. This global trend is amplified by the pervasive influence of social media and digital platforms. Platforms like Instagram and YouTube have become instrumental in shaping beauty standards and consumer preferences, with influencers and makeup artists showcasing an array of products and routines. The industry's dynamism is further highlighted by its frequent innovative product launches, catering to a vast range of skin types, tones, and preferences. Notably, the market for male grooming products has also seen a substantial uptick. Given this context, aerosol cans, with their convenience and efficacy in packaging products like hairsprays, deodorants, and shaving foams, have become increasingly vital. Their ability to offer a hygienic, sealed environment ensures product integrity, making them a preferred choice for many cosmetics and personal care brands.

Restraint: Rising Preference for Cost-Effective and Sustainable Packaging Alternatives**

The materials integral to the aerosol can production tend to carry a heftier price tag compared to their conventional counterparts. When combined with manufacturing and disposal costs, the overall expense for aerosol cans becomes notably higher. For many applications not mandating spray dispensing, there's a pivot towards more economical options such as tubes, thermoformed packages, and other flexible or rigid plastic and metal containers. Even within spray applications, there's a noticeable shift towards refillable spray bottles. Not only are these bottles more wallet-friendly – given their reduced disposal needs – but they also champion a more eco-conscious approach by minimizing waste. This burgeoning preference for sustainable and cost-efficient alternatives could potentially dampen the aerosol can market's expansion in the upcoming years.

Opportunity: Untapped Potential in Rapidly Growing Economies

The accelerating economic landscapes of nations like those in the BRIC (Brazil, Russia, India, and China) and CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa) clusters present a golden opportunity for the aerosol cans industry. The momentum in these nations is propelled not just by their evolving economic stature but also by factors like demographic shifts, swelling middle-class populations, and enhanced purchasing power. As household incomes rise and consumer behaviors evolve, there's a noticeable tilt towards products that offer convenience and modernity, underpinning the allure of aerosol-packaged goods. Moreover, urbanization trends and increasing market penetration of global brands in these regions further amplify the demand for sophisticated packaging solutions like aerosol cans. Harnessing this potential could be pivotal for stakeholders looking to tap into new growth frontiers in the aerosol can sector.

Challenges:  Navigating the Maze of Regulatory Compliance

The intrinsic convenience of aerosol cans is juxtaposed with the complexities surrounding their disposal. Aerosol cans, if not entirely emptied, can house propellants deemed hazardous by entities like the US EPA, necessitating strict adherence to defined disposal guidelines. Commonly used propellants in these cans, such as propane, carbon dioxide, and butane, are also recognized greenhouse gases, implicated in exacerbating global warming and smog proliferation. Renowned institutions, including the likes of NASA and the NSF's CAICE, have voiced concerns about the detrimental effects of such propellants on both the climate and the ozone layer. The amalgamation of these environmental and regulatory challenges presents a tangible hurdle to the unabated growth of the aerosol cans market. As the global emphasis on environmental sustainability intensifies, the industry must innovate and adapt to ensure both compliance and market viability.

Aerosol Cans Market Ecosystem

Dominance of Aluminum in the Aerosol Cans Material Segment;

Within the aerosol cans market, the aluminum material segment emerges as the predominant player. This dominance can be attributed to aluminum's multifaceted advantages, positioning it as a favored choice for packaging. Aluminum boasts properties that make it an ideal packaging solution: it's lightweight, ensuring ease of transportation and reduced shipping costs; its shatterproof nature guarantees product safety; and its impermeability ensures the contents remain uncontaminated and are preserved for extended periods. Moreover, aluminum's inherent flexibility allows for innovative design possibilities, while its corrosion-resistant quality ensures longevity. Importantly, in an era increasingly focused on sustainability, aluminum stands out for its recyclability, aligning with global trends emphasizing eco-friendly solutions. These collective advantages underscore why aluminum leads the charge in the global aerosol cans material segment.

“Liquefied Gas Propellant is the largest type segment of the aerosol cans market.”

The Liquefied Gas Propellant segment emerges as a frontrunner in the aerosol cans market. The inherent properties of this propellant ensure that even as the product diminishes, evaporation sustains a consistent pressure within the can. This dynamic ensures that the spray's performance remains steadfast from the first to the last use, elucidating the dominant market position of liquefied gas propellants.

“Personal Care is the largest end-use sector segment of the aerosol cans market.”

Delving into end-use sectors, Personal Care stands out as the principal segment. Aerosol cans are increasingly becoming the go-to packaging solution for a spectrum of personal care commodities, spanning from deodorants and perfumes to face and body creams. The buoyancy in this segment is undergirded by rising disposable incomes, particularly in burgeoning economies. As affluence grows, so does the consumer propensity to invest in personal care, giving a fillip to the demand for aerosol cans.

“APAC is the speediest-growing market for aerosol cans market.”

The Asia-Pacific (APAC) region is poised to be the torchbearer in terms of growth rate for the aerosol cans market. This surge is forecasted to outpace other regions, with a remarkable CAGR. The nexus of factors driving this growth encompasses burgeoning disposable incomes, particularly in powerhouses like China and India, coupled with industrialization trends. The escalation in the convenience food industry, amplification in manufacturing endeavors, and robust retail sales are other pivotal drivers. Furthermore, as consumers in the region exhibit an uptick in spending on packaged food and beauty care, the aerosol cans market is set to benefit, cementing APAC's position as a growth hotspot.

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Aerosol Cans Market Players

Key stakeholders steering the trajectory of the aerosol cans market include Ball Corporation (US), Trivium Packaging (US), Crown (US), Mauser Packaging Solutions (US), Toyo Seikan Co. Ltd.(Japan), Nampak Ltd. (South Africa), CCL Container (US), Colep (Portugal), CPMC Holdings Ltd. (China), and Guangdong Sihai Iron-Printing and Tin-Making Co.,Ltd (China). To solidify their positions in this competitive market, these industry frontrunners have judiciously employed a range of growth strategies. This encompasses acquisitions, diversifying their product lineup, geographical expansions, and forging productive partnerships, collaborations, and agreements. Through these strategic maneuvers, they aim to cater to the escalating demand for aerosol cans, particularly from dynamic emerging markets.

Aerosol Cans Market Report Scope

This research report categorizes the global Aerosol Cans market on the basis of Type, Application, and Region.

Aerosol Cans Market by Type:

• Liquefied Gas Propellant
• Compressed Gas Propellant

Aerosol Cans Market by Product Type:

• 1-Piece Cans
• 3-Piece Cans

Aerosol Cans Market by Material:

• Steel
• Aluminum
• Plastic
• Others

Aerosol Cans Market by End-use Sector:

• Personal care
• Household care
• Healthcare
• Automotivel
• Others

Aerosol Cans Market by Region:

• Asia Pacific (APAC)
• North America
• Europe
• South America
• Middle East & Africa

The market has been further analyzed for the key countries in each of these regions.

Recent Developments

• In March 2021, Trivium Packaging (Argentina) expanded the recycling and reuse of aluminum from aerosol cans in Latin America through the Creando Concienca Partnership. This is a groundbreaking recycling initiative in Argentina, which aims to raise awareness and accelerate sustainability practices for customers and the planet, further driving company toward sustainability.
• In August 2020, Crown Holdings, Inc. announced its plans to start its operations at a new one-line beverage can plant in Rio Verde, Brazil.
• In July 2020, Ball Corporation signed two virtual power purchase agreements to strengthen 100% European renewable energy goals.
• In May 2020, Ball Corporation entered into a partnership agreement with Acosta, the leading marketing and sales agency in the consumer-packaged goods industry to represent the company's aluminum cups in retail and on-premises outlets.
• In January 2020, Ball Corporation announced its plans to build a new aluminum end manufacturing facility in Bowling Green, Kentucky, US.

Frequently Asked Questions (FAQ):

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