The aerosol cans market has witnessed significant growth over the past decade. Aerosol cans find wide usage for packaging of various consumer goods such as personal care, homecare, and automotive products. The advantages of aerosol packaging include ease of use, being hermetically sealed which enables longer shelf life of products, and ability to spray precise quantities of product. Rising demand for aerosol packaged cosmetic and personal care items along with increasing usage in household cleaning products is driving the need for aerosol cans.
The global aerosol cans market is estimated to be valued at US$ 21.36 billion in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period of 2024 to 2031.
Key Takeaways
Key players operating in the aerosol cans market are BASF S.E., Suez S.A., Kemira OYJ, BWA Water Additives, Ecolab Inc., Cortec Corporation, DowDuPont Inc., Baker Huges Incorporated, Akzo Nobel N.V., and Solenis LLC. These players are focusing on new product development and capacity expansion strategies to capitalize on market opportunities.
The expanding application scope of aerosol packaging across various industries offers lucrative growth opportunities. Rising demand from the pharmaceutical industry for packaging of inhalers and nasal sprays is a key growth driver.
Growing international trade of Aerosol Cans Market goods along with rising export activities by manufacturers is facilitating the global expansion of the aerosol cans market. Major players are investing in developing economies to cater to the rapid growth in demand.
Market Drivers
One of the key drivers for the aerosol cans market is the expanding application base. Aerosol packaging offers ideal solution for an array of consumer goods spanning food, paints, medical products, personal care etc. Innovation in products is also driving demand as manufacturers opt for modern aerosol packaging for differentiated offerings.
Market Restraints
Stringent regulations pertaining to use of certain gases as propellants can hamper the market growth. Many countries have stipulated guidelines regarding type and quantity of propellants used in aerosol formulations considering environmental and safety factors. This poses a key challenge for manufacturers to identify eco-friendly propellant alternatives.
Segment Analysis
The aerosol cans market can be segmented based on material into aluminum and tinplate. Aluminum is the dominating sub segment accounting for over 65% of the market share owing to its light weight and rust resistant properties. It allows packing more product into less space and reduces transportation costs significantly.
Global Analysis
The North America region dominates the aerosol cans market with a share of over 35% owing to developed personal care and cosmetics industries in the US and Canada. The region witnessed increased demand for spray products for household cleaning, personal hygiene and automobile care. The Asia Pacific region is expected to grow at the fastest rate during the forecast period led by population growth, rising incomes and expanding consumer base in China, India and other developing economies. This has increased consumption of personal care products packaged in aerosol cans.
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