Market Analysis
The global aerosol can market is likely to touch USD 7,644.6 million at a 6.5% CAGR in the forecast period 2020- 2027, according to the latest Market Research Future (MRFR) analysis. Aerosol cans, put simply, are packaging products that includes the use of propellants with the mixture of contents or products of the packaging like paints, coatings, and deodorants which make a suspension of mixture and hence gives rise to aerosol particles in the packaging product. Such containers are mostly hand-held and safeguard the contents of the package against external conditions like protection from contamination and heat.
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Various factors are fuelling the global aerosol can market share. As per the recent MRFR market estimates, such factors include reusability and recyclability of aerosol cans, growing need from end use industries like healthcare, food and beverage, and cosmetic and personal care, increasing disposable income, consumer’s change in lifestyle, product differentiation and presentation, growing demand for personal care products, rapidly increasing need for aerosol cans across developing countries, growing need for easy to use portable products in household sprays, increasing need of products like furniture cleaners, bug sprays, and mosquito repellents, rising modernization, rising RD activities, and increasing technological advances.
On the contrary, environmental and health concerns resulting from disposal of aerosol cans, adverse effect of the COVID-19 pandemic due to lockdowns, restrictions, pausing of production units and manufacturing, and unavailability of labor, and the availability of alternatives in terms of price and packaging may limit the global aerosol market growth over the forecast period.
Primary Drivers and Top Challenges
A noteworthy growth booster in the market of aerosol can includes the surge in the modern retail formats. The upward trajectory of the modern retail has prompted the FMCG companies to concentrate more on the packaging format, in an attempt to expand their customer reach within the restricted shelf space. Another equally important factor that induces market growth is the easy portability of aerosol cans give their light weight, easy to hold and unbreakable properties during the transport.
The recyclable nature of aerosol cans also add to its appeal among end-users and consumers in the market. The rapidly increasing demand for aluminum aerosol cans is touted to be a prevalent trend among manufacturers in the aerosol cans market during the estimation period.
With the surging disposable income of people across the emerging regions and the subsequent increase in their purchasing power has also led to substantial market growth. More and more companies are now compelled to indulge in activities like research and development along with technological advancements to achieve a better position in the aerosol cans market.
Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global aerosol can market based on material type, product, application, and propellants.
By material type, the global aerosol can market is segmented into plastic, steel, and aluminium. Of these, the aluminium segment will lead the market over the forecast period.
By product, the global aerosol can market is segmented into straight wall and necked-in. Of these, the straight wall segment will dominate the market over the forecast period.
By propellants, the global aerosol can market is segmented into compressed gas propellants and liquefied.
By application, the global aerosol can market is segmented into automotive, pharmaceutical, industrial, personal care, and others.
Regional Analysis
By region, the global aerosol can market covers the recent trends and growth opportunity across North America, Europe, the Asia Pacific (APAC), and Rest of the World (RoW). Of these, Europe will be driving force in the market over the forecast period. The region being the leading producer of aerosol cans, increasing need from the personal care industry, high demand for cosmetics, increased growth of the fragrance industry, and increasing purchasing power of consumers are adding to the global aerosol can market growth in the region.
In the APAC region, the global aerosol can market is predicted to have promising growth over the forecast period for the governments in China and India giving a push to favorable investments.
In North America, the global aerosol can market is predicted to have healthy growth over the forecast period. The developed economies of US and the growing adoption in different end use industries such as healthcare, automotive, and personal care are adding to the global aerosol can market growth in the region.
In the RoW, the global aerosol can market is predicted to have notable growth over the forecast period for the population spending a good amount on hair care products and skincare regimes.
Key Players
The notable players profiled in the global aerosol can market report include AkzoNobel N.V., Crabtree Evelyn, Ltd, Thymes, LLC, S. C. Johnson Son, Inc., Reckitt Benckiser Group plc, Henkel AG, Unilever PLC, Proctor Gamble, Nussbaum Matzingen AG, TUBEX GmbH, Presspart GmbH Co. KG, Exal Corporation, CPMC Holdings Ltd., Kian Joo Can Factory, Crown Holdings Inc., and The Ardagh Group, among others.
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Industry Updates
April 2021- LINDAL Group has launched its 3D Aerosol Configurator that will offer customers access to a suite of design and editing tools for creating 3D aerosol packaging. This tool will enable customers in selecting any overcaps and standard actuators of the company with the commonly used aerosol cans.
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