The report "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", size is estimated to be USD 11.2 billion in 2023, and it is projected to reach USD 13.6 billion by 2028 at a CAGR of 4.0%.
Browse 254 market data Tables and 50 Figures spread through 216 Pages and in-depth TOC on "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"
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Rising population, improving living standards, and rising urbanization led to an increase in demand from end-use sectors such as personal care, household care, healthcare, automotive, and others, which drives the market of Aerosol Cans during the forecast period. Apart from this, technological advancements and increasing awareness towards sustainability also help in driving the market of Aerosol Cans during the forecast period. The availability of alternatives in terms of packaging and price is becoming the main restraining factor in this market. However, growing opportunities in emerging economies and the development of eco-friendly packaging provide lucrative opportunities for aerosol cans producers. Stringent government regulations are the major challenge of this market.
Aerosol Cans Market Key Players Analysis
The Aerosol Cans chemicals market comprises major players such Ball Corporation (US), Trivium Packaging (Netherlands), Crown (US), Mauser Packaging Solutions (US), Toyo Seikan Co. Ltd. (Japan), Nampak Ltd. (South Africa), CCL Container (US), Colep Packaging (Portugal), CPMC Holdings Ltd. (China), and Guangdong Sihai Iron-Printing and Tin-Making Co., Ltd.(China). Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Aerosol Cans market.
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Ball Corporation (US) provides metal packaging for beverages, foods, and household products. It operates through the following business segments, namely, Global Beverage Packaging, Aerospace, Aerosol Packaging, and Aluminum Cups. The Global Beverage Packaging includes beverages cans, Bevarage Ends & Tabs, .Beverage Bottles, Household & Personal Care Bottels, and Aluminum Slugs. In the Aerosol Packaging segment, the company offers several aerosol cans which can be used by various end-use sectors i.e. personal care, household care, etc. For government and commercial customers, the company designs, develops, and manufactures innovative aerospace systems and related technologies such as instruments and sensors, spacecraft and space science, electronic warfare, aerospace technology and components, radio frequency systems and components, antennas and microwave systems, and data exploitation solutions.
Trivium Packaging (Netherlands) is a metal packaging manufacturer for the beauty, beverage, food, home care, industrial, and pharmaceutical industries. The company provides sustainable metal packaging products such as cans, bottles, kegs, slugs, and end components for major global brands of various companies by utilising a number of shaping technologies, including mechanical expansion and blow moulding, to develop standard and custom shapes based on product requirements, thereby helping to protect and promote the identity of its partners.
Crown (US) Crown is a packaging solutions company. It develops, manufactures, and distributes metal packaging products for consumer goods. Beverage cans, glass bottles, food cans and closures, aerosol cans, specialised packaging goods and transportation packaging are all part of the company's product portfolio. It also sells industrial items like paper-based protective packaging, steel and plastic strap consumables, and plastic film consumables. It caters to a variety of markets, including food, beverages, industrial, personal care, luxury products, metals, promotional, and domestic items. Crown operates through production factories and sales service centres located in the Americas, Europe, the Middle East, and Asia-Pacific.
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Aerosol Cans Market Segments
By Type
- Liquefied Gas Propellant
- Compressed Gas Propellant
By Type, Liquefied Gas Propellant accounted for the largest share in 2022
The segment of liquefied gas propellant type held the dominant position in the global aerosol cans market for the duration of the forecast period. With liquefied gas propellants, the advantage lies in their ability to ensure a consistent pressure remains in the space above the product, even as the product level decreases. This unique feature contributes significantly to sustaining the spray's performance throughout the entire lifespan of the aerosol can, thereby underpinning the substantial market share of liquefied gas propellants.
By Product Type
- 1-Piece Cans
- 3-Piece Cans
By Product Type, 1-piece aerosol cans accounted for the largest share in 2022
Within the global aerosol cans market, the 1-piece aerosol cans product type segment secured the largest market share throughout the forecast period. This segment is experiencing an upward trajectory in its growth due to the array of benefits it provides. These advantages encompass leak-proof, airtight, and lightweight properties, the capacity to withstand elevated pressures, resistance to corrosion and heat, as well as the seamless and unbreakable nature of the cans.
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By Material
- Steel
- Aluminum
- Plastic
- Others
By Material, Aluminum accounted for the largest share in 2022
The aluminum material segment held the largest market share in the global aerosol cans market throughout the forecast period. Aluminum is a highly favored material for packaging due to its extensive array of advantageous properties. It boasts attributes such as being lightweight, shatterproof, impermeable, flexible, corrosion-resistant, and recyclable. Aluminum aerosol cans effectively contain volatile components within the contents and maintain the product's integrity over an extended period, contributing significantly to its substantial market dominance in the global aerosol cans industry.
By End-use Sector
- Personal care
- Household care
- Healthcare
- Automotivel
- Others
By End-use Sector, Personal Care accounted for the largest share in 2022.
During the forecast period, the personal care end-use sector segment took the lead in the global aerosol cans market. Within the personal care end-use sector, aerosol cans play a crucial role in packaging various products, including deodorants, facial and body creams, shaving foams, and perfumes. The growing disposable income in emerging economies has led to increased spending on personal care products, which, in turn, has fueled the growth of the aerosol cans market.
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By Region
- Asia Pacific (APAC)
- North America
- Europe
- South America
- Middle East & Africa
Asia Pacific is the fastest-growing market for the Aerosol Cans market
Asia Pacific is the the fastest-growing market during the forecast period. The robust growth of the aerosol cans market in the APAC region can be attributed to multiple factors, including the rising disposable income levels in developing economies like China and India. Key drivers encompass industrialization, the expansion of the convenience food industry, increased manufacturing activities, elevated disposable incomes, heightened consumption levels, and a surge in retail sales. Furthermore, heightened spending on packaged foods and beauty care products has contributed to the escalating demand for aerosol cans within the region.
Aerosol Can Market Growth, Size of USD 7,644.6 Mn, Future Scope and Industry Forecast to 2022 | Global Aerosol Can Market Information by Type (Straight wall, Necked-in, and Shaped), by Material (Metal, Glass, and Plastic), by Application (Personal Care, Industrial, Pharmaceutical, and Automotive) and by Region - Global Forecast till 2022Market ScopeMarket Research Future (MRFR) in its current “Aerosol Can Market” report asserts that the market is likely to thrive at a 4.27% CAGR and is poised to increase to a size of USD 7,644.6 million by 2025.Market HighlightsMRFR reveals that the aerosol can market is expected to experience a substantial rise in its revenue by the end of the forecast period.
In addition, the growth of end-user industries, such as food, beverages, cosmetic, personal care, and healthcare can also augment the market growth.
On the contrary, the availability of alternatives to the packaging at better price can hinder the expansion of the aerosol can market in the years to come.Get Free Sample @ https://www.marketresearchfuture.com/sample_request/2097Market Segmental OutlineThe aerosol can market segmental study is based on propellant type, product type, material, and application.By material type, the market is segmented into plastic, steel, aluminium, and others.
Dynamics of the straight-wall segment is expected to direct the aerosol can market’s course of progress for the assessment period.
The increase in application of aerosol can in the cosmetic industry and the growing inclination of people towards enhancing personal appeal are expected to surge the straight wall shaped segment growth.By propellant type, the market is divided into compressed gas propellant and liquefied gas propellant.The liquefied gas propellant segment is expected to grasp a major portion of the global market.By application, the market is segmented into pharmaceutical, industrial, personal care, and automotive.The personal care segment to dominate the global aerosol can market.
Factors, such as growing awareness about personal hygiene and self-beautification are expected to drive the expansion of the market.Detailed Regional OutlookNorth America, Asia-Pacific, Europe, and the Rest of the world (RoW) are the regional segments of the global aerosol market.North America has always been a focus region for innovation and development of personal care and beauty products.
