Aerosol Cans Market by Material (Aluminium, Plastic), Product Type (1-piece cans, 3-piece cans), Type (Liquefied Gas, Compressed Gas), End-use Sector (Personal care, Healthcare, Household care), & Region-Global Forecast to 2028
In 2023, the worldwide aerosol cans market was valued at USD 11.2 billion, with forecasts indicating a rise to USD 13.6 billion by 2028. This suggests a Compound Annual Growth Rate (CAGR) of 4.0% over the 2023-2028 period. This growth is fueled by increasing demand across various sectors, including personal care, household care, automotive, healthcare, and more.
Global Aerosol Cans Market Trends
To know about the assumptions considered for the study, Request for Free Sample Report
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.
Ecosystem of Aerosol Cans Market
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.
To know about the assumptions considered for the study, download the pdf brochure
Key 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.
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
:
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
|
Report Metric |
Details |
|
Years Considered |
2021–2028 |
|
Base year |
2022 |
|
Forecast period |
2023–2028 |
|
Unit considered |
Value (USD Million/Billion), Volume (Million Units) |
|
Segments |
Type, Material, Product Type, End-Use Sector, and Region |
|
Regions |
Asia-Pacific, North America, Europe, South America, and Middle East & Africa. |
|
Companies |
The major players are Ball Corporation (US), Trivium Packaging (Netherlands), Crown (US), Mauser Packaging Solutions (US), and Toyo Seikan Co. Ltd. (Japan) and others are covered in the Aerosol Cans market. |
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
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):
What growth prospects does the aerosol cans market present?
Emerging markets, notably the BRIC (Brazil, Russia, India, and China) and CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa) countries, are forecasted to drive a significant portion of the global aerosol cans market growth. The impetus behind this expansion is rooted in these nations' favorable demographics, escalating household incomes, and evolving consumer lifestyles, all converging towards a heightened inclination for aerosol-packaged products.
How do material choices influence the aerosol cans market dynamics?
The market is categorized based on materials into segments like aluminum, steel, plastic, among others. Aluminum, due to its myriad beneficial properties - including being lightweight, durable, airtight, flexible, resistant to corrosion, and recyclable - has emerged as the leading material choice. Its capability to effectively seal and prolong the shelf life of volatile contents further cements its dominance.
Which end-use sectors predominantly utilize aerosol cans?
Segmented by end-use sectors, the market spans personal care, household care, automotive, healthcare, and more. The personal care segment claims the largest market share, with aerosol cans being the chosen packaging for diverse products ranging from deodorants and perfumes to face and body creams.
Which companies are at the forefront of the aerosol cans market?
Major market players include Ball Corporation (US), Trivium Packaging (US), Crown(US), Mauser Packaging Solutions (US), Toya 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), among others.
What are the pivotal factors poised to influence the market in the forecast period?
The ascending demand from sectors like personal care, household care, automotive, and healthcare is propelling the aerosol cans market forward. Key contributors to this growth trajectory include the eco-friendly nature of aerosol cans, the variety in shapes and sizes enhancing product allure, and the convenience they offer in application. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
This research involved the use of extensive secondary sources and databases, such as Factiva and Bloomberg, to identify and collect information useful for a technical and market-oriented study of the Aerosol Cans market. Primary sources included industry experts from related industries and preferred suppliers, manufacturers, distributors, technologists, standards & certification organizations, and organizations related to all segments of the value chain of this industry. In-depth interviews have been conducted with various primary respondents, such as key industry participants, subject matter experts (SMEs), executives of key companies, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects.
Secondary Research
In the secondary research process, various sources such as annual reports, press releases, and investor presentations of companies; white papers; and publications from recognized websites and databases have been referred to for identifying and collecting information. Secondary research has been used to obtain key information about the industry's supply chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market-and technology-oriented perspectives.
Primary Research
The Aerosol Cans market comprises several stakeholders in the supply chain, which include suppliers, processors, and end-product manufacturers. Various primary sources from the supply and demand sides of the markets have been interviewed to obtain qualitative and quantitative information. The primary participants from the demand side include key opinion leaders, executives, managers, directors, and CEOs of companies in the Aerosol Cans market. Primary sources from the supply side include associations and institutions involved in the Aerosol Cans industry, key opinion leaders, and processing players.
Following is the breakdown of primary respondents—
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the global Aerosol Cans market. The research methodology used to estimate the market size includes the following:
- The key players in the industry were identified through extensive secondary research.
- The supply chain of the industry and market size, in terms of value, were determined through primary and secondary research.
- All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of key industry players along with extensive interviews with key officials, such as directors and marketing executives.
Market Size Estimation: Bottom-Up Approach
To know about the assumptions considered for the study, Request for Free Sample Report
Market Size Estimation: Top-Down Approach
Data Triangulation
After arriving at the total market size from the estimation process explained above, the overall market was split into several segments and subsegments. To complete the overall market size estimation process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. In addition, the market size has been validated by using both the top-down and bottom-up approaches.
Market Definition
Aerosol cans are typically pressurized containers that utilize propellants to expel the product contents in the form of a fine spray, mist, or foam when the valve or nozzle is actuated. These cans are used across multiple areas, including personal care, household, automotive, healthcare, and industrial sectors, to package a wide range of products such as cosmetics, cleaning agents, paints, lubricants, pharmaceuticals, and more.
Key Stakeholders
- Material Suppliers and Producers
- Regulatory Bodies
- End User
- Research and Development Organizations
- Industrial Associations
- Aerosol Cans manufacturers, dealers, traders, and suppliers.
Report Objectives
- To define, describe, and forecast the global Aerosol Cans market in terms of value and volume.
- To provide insights regarding the significant factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To analyze and forecast the market based on type, material, product type, end-use sectors, and region
- To forecast the market size, in terms of value and volume, with respect to five main regions: North America, Europe, Asia Pacific, South America, and Middle East & Africa.
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape.
- To strategically profile key players in the market.
- To analyze competitive developments in the market, such as new product launches, capacity expansions, and mergers & acquisitions.
- To strategically profile the leading players and comprehensively analyze their key developments in the market.
Available Customizations:
Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of the companies. The following customization options are available for the report:
Product Analysis:
- Product Matrix which gives a detailed comparison of the product portfolio of each company
Regional Analysis:
- Further breakdown of the Rest of the APAC Aerosol Cans market
- Further breakdown of the Rest of Europe’s Aerosol Cans market
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Aerosol Cans Market