Aerosol Cans Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

Aerosol Cans Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The aerosol cans market is anticipated to register a CAGR of 3.13% over the forecast period. Aerosol cans make many industrial processes, such as painting, polishing, and lubricating, easier. Additionally, aerosol cans are used for domestic packaging products, including deodorants, hairsprays, and detergents. Aerosol sprays are used in air purification and pest control techniques.

• The reusability and recyclability of aerosol cans are key factors driving the growth of the aerosol can market. These cans can be recycled indefinitely because they are made of metal, glass, or plastic (such as PET). Manufactured per environmental regulations, users benefit from the cost advantages of packaging while eliminating disposal concerns. It helps the vendors contribute to sustainability goals through their products.
• Further, the growing cosmetics and personal care industries are significant factors behind the market's growth. Aerosol cans will likely be consumed by rising disposable incomes, changing consumer lifestyles, product presentation and differentiation, and increased demand for products such as deodorants, hairsprays, and more. Due to high demand, aluminum is rapidly gaining acceptance in the markets studied.
• Aluminium aerosol cans offer high flexibility, a crucial industry aspect. Additionally, the eased recyclable material availability adds to its usability, thus driving the demand. With companies innovating in design, material savings enable companies to produce more aluminum cans with limited material.
• Consumers have high bargaining leverage in the cosmetics and personal care industry. This is owing to increased competition and the availability of cosmetics from different manufacturers. Because these products are highly substitutable, consumers buying competitors' products can force manufacturers to lower their product prices which is a significant limitation for the aerosol cans market.
• A positive development in the aerosol market during the pandemic was the development of COVID-19 sprays that can be inhaled. Furthermore, the growth of e-commerce as a sales channel further expanded the reach of the products that use aerosol cans to more households.

• The beauty and personal care sector is changing dramatically due to increased demand for cosmetics and skin care products because of technology and product breakthroughs, high-profile mergers and acquisitions, the advent of virtual try-on, and the emergence of online marketplaces.
• With the significant influence of western styles and the rise of aerosol cans providers, many domestic and international manufacturers have progressively increased their presence. The beauty and retail industry has seen more items developed over the years.
• The increased sensitivity of customers about their appearance is one of the critical elements driving aerosol cans market expansion. Color cosmetics, Skincare, and hair care are among the beauty and personal care goods millennials use daily. The emergence of cosmetics, including natural, non-toxic, and organic components, has also aided market expansion.
• The growing personal care and cosmetic industry in developed and developing regions contribute to market growth. The rising population, shifting concern of people toward appearance, and rising consumer purchasing power is some factors driving the market growth.

• The increasing use of aerosol cans in the perfume and scent industry is a significant factor of growth for the market in France, as French Fragrance Industry is one of the most popular segments in the global cosmetics industry. The fragrance market in France witnessed substantial growth over recent years. The increase results from ongoing innovation in terms of new product launches. Extensive research, development, and collaboration by the world's leading perfume producers drive the fragrance industry.
• With the growing automotive industry in Germany, the country's demand for aerosol cans is increasing. Steel cans are widely recognized worldwide as an excellent packaging solution for paint and coatings, being robust and able to offer the kind of protection a chemical product, such as paint, needs. In addition, they have a high diffusion barrier required for special high-solvent paints. The market is also expected to grow with the expansion of the machinery industry in a broad sense, including general machinery, electronic motors, vehicles, precision appliances, etc.
• The Italian cosmetics market offers many opportunities, and international businesses invest in promoting their products and brands in the country. Also, companies can effectively promote their brand and appeal to Italian tastes and fashion preferences. The main imports are make-up and skin care products, Italy imports almost all cosmetic ingredients, and demand for raw materials will continue to grow. All such factors leverage the market for aerosol cans in the country.
• Growing need from end-user industries is driving the aerosol cans industry in Spain. The recent surge in demand for cosmetics and pharmaceutical packaging and the trend toward sustainable and environmentally friendly packaging materials are opportunities anticipated to expand the packaging market over the forecast period.
• The United Kingdom is undergoing demand for aerosol cans with rising income, ease, and convenience. Consumers demand cans, owing to their low environmental impact due to the increasing environmental concerns. The high recyclability of cans is one of the significant drivers for the market studied.

The intensity of competitive rivalry in the aerosol cans market is high and expected to remain the same throughout the forecast period due to the presence of established players. Prominent players in the market include Ball Corporation, Crown Holdings Inc., Nampak Ltd., CCL Containers, Trivium Packaging B.V., etc. In August 2022, Ball Corporation introduced a new aluminum aerosol can made with its lightweight ReAl alloy while incorporating 50% recycled content and aluminum smelted using renewable energy sources in a bid to half the pack’s carbon footprint.

In August 2022, Colep Packaging acquired a 40% stake in ALM Envases, an aluminum aerosols provider from Spain. The acquisition was to enlarge the packaging solutions of the company. This is one more step in the strategic implementation that gives the company a more effective answer to the market and a strengthened partnership with its customers. Also, the acquisition will allow Colep to use ALM’s technology and expertise to cater to the more challenging market in aerosol cans.

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support