Aerosol Can Market Size, Competitors Strategy, Regional Analysis and Industry Growth by Forecast to 2027
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.
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 R&D activities, and increasing technological
advances.
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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.
Market Segmentation
The market for aerosol cans has been exhaustively researched
and the primary segments listed in the report are material, product type,
propellant type and application.
The different types of materials based on which the aerosol
can market has been segmented include plastic, steel, aluminum, and others.
Between these, the aluminum segment leads the market, thanks to the material’s
rising use in the personal care industry.
The product types enlisted in the report are necked-in,
shaped and straight wall. The largest share in the market belongs to the
straight-wall segment because of the rapidly mounting demand generated in the
beauty and personal care sector.
Various propellant types are liquefied gas propellant as
well as compressed gas propellant, with liquefied gas propellant recognized as
the top segment in the market.
The primary applications of aerosol cans are industrial,
personal care, automotive, pharmaceutical, and more. Personal care industry has
forged ahead of other application-based segments in the aerosol can market,
thanks to the increasing focus on personal hygiene as well as beautification.
The application areas of aerosol cans in the industry include foams & gels,
hair care, deodorants & antiperspirants, skin care products and gel
toothpaste.
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.
Top Market Participants
The top market participants profiled in the MRFR report are
Al-Can Exports Pvt Ltd. (India), CPMC Holdings Ltd (China), Kian Joo Can
Factory Berhad (Malaysia), Toyo Seikan Group Holdings, Ltd (Japan), Ardagh
Group (Luxembourg), Ball Corporation (US), Crown Holdings Incorporated (US),
Shanghai Sunhome Industrial Company (China), CCL Industries (Canada), Exal
Corporation (US), to mention a few.
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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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