Global Aerosol Cans Market Size Expands at Steady CAGR of 3.45% to Reach USD 14.18 Billion by 2030
Global Aerosol Cans Market is flourishing due to the rising convenience and ease of use, increasing protection and shelf life, and a growing demand for aerosol cans in key industries.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Aerosol Cans Market size at USD 11.18 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Aerosol Cans Market size to expand at a CAGR of 3.45% reaching a value of USD 14.18 billion by 2030. The growth of Global Aerosol Cans Market is propelled by the increasing consumer demand and the expansion of the cosmetic and personal care industry. Other key drivers include rising disposable income, evolving consumer lifestyles, and a surge in demand for personal care products like deodorants, hair sprays, face creams, and body creams. The market also benefits from the transition of retailers from chaotic to organized structures. Also, the automotive sector contributes to the market growth, utilizing aerosol cans for protective coatings and personalization. Increased awareness about recyclability and reusability of aerosol cans further stimulates market expansion. The use of aluminum aerosol cans, recognized for their eco-friendly and cost-effective properties, is expected to contribute to the market's positive trajectory over the forecast period.
Opportunities - Personalization and customization
The recyclability of aluminum cans significantly boosts the growth of Global Aerosol Cans Market. A preferred choice for circular initiatives, metal packaging, particularly aluminum, ensures repeated recycling without compromising quality. High-purity aluminum in aerosol cans provides superior packaging, leveraging its unique properties. Aluminum recycling consumes 95% less energy than primary production, with 97% greenhouse gas emissions savings. Notably, CMI and HCPA's Aerosol Recycling Initiative, supported by industry leaders, aims for widespread aerosol cans recycling and on-pack recyclability messaging. The cosmetic industry's escalating demand, driven by rising disposable incomes among consumers, fuels the growth of Global Aerosol Can Market growth, especially in premium segments, where visual appeal, safety, and convenience play pivotal roles.
Impact of Geopolitical Tensions on Global Aerosol Cans Market
The Global Aerosol Cans Market is impacted by geopolitical tensions in several ways. The ongoing aluminum can shortage, a consequence of diverse challenges, is now defining a new trajectory for the market. These challenges include geopolitical tensions related to the Russia-Ukraine war, dynamic shifts in consumer buying behavior, and constraints in container freight availability. Industries like beer and food, heavily reliant on aluminum cans, face disruptions due to increased demand and unexpected buying patterns. A power crisis, resulting in significant smelting capacity offline, intensifies the predicament. Major aerosol cans manufacturers in the United States respond to the persistent shortage by implementing minimum order sizes, affecting breweries and prompting a reconsideration of alternative packaging solutions. This scarcity of aluminum cans, heightened by geopolitical complexities, signifies a paradigm shift in the aerosol cans market influenced by global events and industry responses.
Global Aerosol Cans Market
Segmental Information
Global Aerosol Cans Market – By Application
On the basis of application, the Global Aerosol Cans Market is divided into Personal Care, Home Care, Pharmaceutical, Automotive & Industrial, and Paints segments. The personal care segment holds the highest share in the Global Aerosol Cans Market by application. The personal care sector is undergoing significant transformations driven by heightened demand for cosmetics and skincare products, technological advancements, notable mergers, the advent of virtual try-on experiences, and the prominence of online marketplaces. With the pervasive influence of Western trends and the increasing presence of aerosol can providers, both domestic and international manufacturers have expanded their footprint in the industry. The beauty and retail landscape has witnessed a surge in product development. Consumer awareness about appearance has become a pivotal factor fueling the expansion of the aerosol cans market. Millennials, in particular, regularly use color cosmetics, skincare, and hair care products, while the introduction of cosmetics with natural, non-toxic, and organic ingredients has further propelled market growth. The diverse segments within cosmetics and personal care, including fragrances, color cosmetics, skincare, haircare, among others, have demonstrated positive growth between 2021 and 2022. The burgeoning personal care and cosmetic industry in developed and developing regions are significant contributors to this market growth, fueled by the growing global population and their focus on personal appearance, and increasing consumer purchasing power.
Global Aerosol Cans Market – By Region
The in-depth research report on the Global Aerosol Cans Market covers the market in a number of major countries across five regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Europe dominates the Global Aerosol Cans Market and is expected to maintain its dominance throughout the forecast period. The utilization of aerosol cans in the fragrance industry propels market growth in European countries, particularly in France, where the fragrance sector accounts for 16% of the European cosmetic and personal care market. France stands as the second-largest national market globally for cosmetics and personal care. The German automotive industry's expansion contributes to a growing demand for aerosol cans, with Germany being Europe's largest automotive market. Steel aerosol cans, known for robustness and protection, find applications in the paint and coatings industry, aligning with the machinery industry's growth in various sectors. Italy presents opportunities in cosmetics, while the UK witnesses rising aerosol can demand due to increasing income, environmental concerns, and high recyclability.
Competitive Landscape
The Global Aerosol Cans Market is fragmented, with numerous players serving the market. The key players dominating the Global Aerosol Cans Market include Ball Corporation, Crown Holdings, Inc., Ardagh Group S.A., Trivium Packaging B.V., CCL Containers, BWAY Corporation, Massilly Group, Chumxin Metal Packaging (Group) Co., Ltd, Botny Chemical (Fujian) Co., Ltd, DS Container, James Briggs & Sons Ltd, and TUBEX GmbH. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the Global Aerosol Cans Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Aerosol Cans Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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