North America Aerosol Cans Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

North America Aerosol Cans Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The North America Aerosol Cans Market size is estimated at USD 4.17 billion in 2023, and is expected to reach USD 4.85 billion by 2028, growing at a CAGR of 3.05% during the forecast period (2023-2028).

Key Highlights

• The North American aerosol cans market shipment was estimated to be 4.03 billion units in the year before. The market is expected to reach a shipment value of 4.85 billion units over the next five years. The reusability and recyclability of aerosol cans are key factors driving the growth of the aerosol can market. These cans are made of metal, glass, or plastic (such as PET) and can be recycled indefinitely, benefiting users by providing cost advantages while eliminating disposal concerns. Moreover, by adhering to environmental regulations, vendors can contribute to sustainability goals through their products.
• Additionally, the cosmetics and personal care industries are significant factors behind the market's growth, with rising disposable incomes, changing consumer lifestyles, product presentation and differentiation, and increased demand for products such as deodorants and hairsprays driving consumption. Due to high demand, aluminum is rapidly gaining acceptance in the markets studied.
• The market is predicted to expand further due to rising demand for personal care products, including antiperspirants, deodorants, hair sprays, hair mousses, and shaving mousses. For instance, the consumer price index (CPI) of perfume, cosmetics, nail preparations, baths, and implements in US cities averaged 186.93 in January 2023, up from 176.82 in January 2022, as reported by the Bureau of Labor Statistics.
• However, consumers in the cosmetics and personal care sector hold significant negotiating power due to increased rivalry and the availability of interchangeable products from various producers. As a result, producers may be compelled to lower their pricing, posing a substantial barrier for the aerosol cans industry. Additionally, supply chain interruptions during COVID-19 hampered the expansion of the aluminum sector due to rising energy prices.
• Finally, the growing demand for spray products with antiviral and antibacterial properties was a significant trend spurred by consumers' fear of contracting COVID-19. Companies resumed production activities when lockdown restrictions were lifted, introducing and manufacturing smaller-sized aerosol cans due to widespread customer fear of the pandemic.

North America Aerosol Cans Market Trends

Automotive/Industrial Segment to Drive the Market

• The packaging industry has enhanced the functionality of aerosol cans for storage, transportation, and consumer convenience. These efficient packaging solutions meet most requirements for storage, transportation, and convenience.
• The United States' personal care sector's growth is expected to boost the demand for aerosol cans. Consumers' increased disposable income and ability to purchase luxury goods are primarily responsible for the personal care industry's expansion. Aerosols are used in various personal care products, and their rising sales are expected to benefit the market.
• Over the last few years, the high production demands for deodorants/antiperspirants have resulted in an increasing number of production lines being installed in North America. North America accounts for a significant share of the market, primarily due to the increasing demand from the personal care segment, which includes products like deodorants, antiperspirants, hair mousses, hair sprays, shaving mousses, etc.
• Aluminum cans have a higher recycling rate and contain more recycled content than other competing packaging types. According to the Aluminum Association, it is one of the most recycled materials on the market, saving more than 90% of the energy required to produce new metal and reducing production costs. In the United States, two aluminum cans are recycled for every three cans shipped across the region.
• Moreover, 70% of plastic collected for recycling in the United States ends up in landfills. One of the factors driving the growth of aerosol cans in the region is the increasing emphasis on reducing carbon footprints to prevent climate change.
• In July 2022, California experienced a shortage of aluminum cans due to various factors, including pandemic lockdowns that limited manufacturing. The state's recycling program has been unable to collect enough cans due to redemption center closures and outdated policies, making recycling challenging for people. The shortage has further increased the demand for aerosol cans in the United States.

United States is Expected to Account for the Largest Market Share

• The packaging industry has increased the utility of aerosol cans for storage, transportation, and convenience of use, making these packaging solutions efficient and fulfilling most requirements. The demand for aerosol cans is expected to increase due to the expansion of the personal care sector in the United States, which is related to consumers' increased disposable income and ability to purchase luxury goods. Aerosols are commonly used in personal care products, and the market is projected to profit from their increased sales.
• Moreover, the high production demands for deodorants and antiperspirants have led to the installation of more production lines in North America in recent years. North America accounts for a significant share of the market due to the increasing demand from the personal care segment, which includes various types of products such as deodorants, antiperspirants, hair mousses, hair sprays, shaving mousses, and more.
• Aluminum cans have a higher recycling rate and more recycled content than other competing package types. According to the Aluminum Association, it is one of the most recycled materials on the market, saving more than 90% of the energy required to produce new metal, and reducing production costs. In the United States, two aluminum cans are recycled for every three cans shipped across the region.
• Moreover, the increasing emphasis on lowering carbon footprint and preventing climate change is one of the driving factors behind the growth of aerosol can demand in the region, as 70% of the plastic collected for recycling in the United States ends up in landfills.
• In July 2022, California registered a shortage in the supply of aluminum cans, driven by various factors such as pandemic lockdowns that curtailed manufacturing. California's recycling program has not been able to collect enough cans due to redemption center closures and outdated policies that have made recycling difficult for people. The shortage is further driving demand for aerosol cans in the United States.

North America Aerosol Cans Industry Overview

The North American aerosol cans market is fragmented, with the presence of major players such as Crown Holdings Inc., Ball Corporation, CCL Container Inc. (CCL Industries Inc.), Mauser Packaging Solutions (Bway Holding Company), and Ardagh Group SA. These players are adopting strategies such as partnerships, innovation, and acquisitions to enhance their product offerings and gain sustainable competitive advantages.

In February 2022, Trivium Packaging announced an investment of USD 40 million in its facilities in the United States and Brazil to expand the production of aluminum aerosol cans and beverage bottles. Such investments by a major player are expected to boost the studied market by increasing the production of aerosol cans.

Additional Benefits:

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