The global aerosol cans market is primarily driven by the expanding homecare and personal care products industry. Aerosol cans are widely used as packaging solutions for various household cleaners like glass cleaners, bathroom cleaners, disinfectants, air fresheners, and insecticides. Moreover, they are the preferred packaging type for personal care products like deodorants, hair sprays, and shaving creams due to their ease of use. Aerosol cans allow controlled and targeted Dispensing of liquid, creamy, or granular products without the risk of spillage.
The Global Aerosol Cans Market is estimated to be valued at US$ 21.36 Bn in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031.
Key Takeaways
Key Players: 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 launches, mergers, and acquisitions to strengthen their market position. For instance, In April 2018, AkzoNobel acquired Mapaero to expand its aerospace coatings and packaging coatings business.
Key Opportunities: Rising demand for sustainable and eco-friendly packaging solutions is creating opportunities for Aerosol Cans Market Growth manufacturers to develop aluminium cans coated with BPA-free lining. Also, growth in pharmaceutical and medical sectors will boost the demand for pressurized metered dose inhalers and topical formulations packed in aerosol cans.
Global Expansion: Key players are expanding geographically to tap the growth opportunities in developing economies of Asia Pacific and Latin America. For example, Ball Corporation, a leading supplier of aluminium beverage cans extended its footprint in China with the acquisition of Tianjin Canpacking Co. Ltd in 2022.
Market Drivers
Increasing Popularity of Do-It-Yourself (DIY) Cleaning Products: Consumers are increasingly opting for affordable home cleaning products like multipurpose sprays, furniture polishes that can be used for regular cleaning, driving the sales of aerosol cans.
Rising Disposable Income: Growing disposable income has boosted consumer spending on personal grooming and homecare products. This increased spending on household and personal care products is propelling the adoption of aerosol dispensed products.
Market Restrains
Stringent Regulations Regarding VOC Emissions: Environmental agencies across regions have implemented stringent regulations regarding the use of volatile organic compounds (VOC) in paints, coatings, and cleaning products packed in aerosol cans which acts as a market restraint.
Strict Regulations Pertaining to Non-Essential Products: During the COVID-19 pandemic, sale and distribution of non-essential consumer goods like air fresheners faced restrictions in many countries which negatively impacted the sales of aerosol cans for some period.
Segment Analysis
The aerosol cans market is segmented based on material type, end use application and container type. Based on material type, aluminium is the dominating sub segment as it is lightweight and durable material. Aluminium has high barrier properties which helps in protecting the contents within the can for longer duration.
Based on end use application, the personal care segment dominates the market. Personal care products like deodorants, hair sprays and dry shampoos widely use aerosol cans for product dispensing. Ease of use and portability drives the consumption of aerosol packaged personal care products.
Global Analysis
Regionally, North America holds the major share in global aerosol cans market. U.S. is the key market owing to high consumption of packaged foods, household products and personal care products which utilize aerosol packaging. Europe is another major regional market led by countries like Germany, U.K., France and Italy. Growing health awareness and demand for packaged consumer goods have impelled the aerosol cans market in Europe. Asia Pacific region is anticipated to witness fastest growth during the forecast period. Improving living standards, rising disposable incomes and burgeoning population in countries like China and India will augment the demand for aerosol packaged products and subsequently the cans market in Asia Pacific.
Get more insights on Aerosol Cans Market
