Aerosol Cans Market: Current Analysis and Forecast (2021-2027)

Aerosol Cans Market: Current Analysis and Forecast (2021-2027)

Global Aerosol Cans Market is anticipated display a CAGR of around ~3% over the forecast period (2021-2027). Consumer preferences are changing, which has an impact on the overall market situation. Their preference for environmentally friendly packaging is driving demand for recyclable and reusable aerosol cans. Steel, glass, and polymers are used to make these cans, which are indefinitely recyclable. The major players are working to make their production methods more environmentally friendly. The popularity of this type of packaging has grown because to its improved simplicity of use, accurate product application, and extended shelf life. Aerosol cans have found new usage in food distribution and other specialized applications thanks to innovative spray processes. The introduction of compressed aluminum aerosol canisters, which use roughly 50% less propellants and 30% fewer raw materials, is also helping the business thrive. The availability of lightweight goods, the recyclability of bottles, and the utilization of recycled materials are all expected to drive market development in the future years.

Insights Presented in the Report

“Amongst Material, Aluminum segment dominated the market in 2020”

Based on material, the market is segmented into Aluminum, Steel and Plastic. The Aluminum segment is expected to grow at a higher CAGR during the forecasted period. Because of its vast variety of characteristics, aluminum is one of the most used materials for packaging. It's light, shatterproof, impervious to water, flexible, corrosion-resistant, and recyclable. Aluminum aerosol cans keep the contents fresh for a long period by preventing high volatile ingredients from escaping. Aluminum has a considerable market share in the worldwide aerosol can market due to these considerations. The increased awareness of ecologically friendly packaging choices is another element boosting demand for aluminum aerosol cans in the industry. Because recycling metal is more energy efficient than generating new aluminum, the method of recycling aluminum will be utilized to manufacture aerosol cans.

“Amongst Type, Liquefied Gas Propellants segment dominated the market in 2020.”

Based on type, the market is segmented Liquefied Gas Propellants and Compressed Gas Propellants. The Liquefied Gas Propellants segment is expected to grow at a higher CAGR during the forecasted period. Even when the product level declines, additional liquefied gas propellant evaporates to maintain a constant pressure in the space above the product in the case of liquid gas propellant. This helps to keep the spray's performance over the life of the aerosol can. This is attributable to the liquefied gas propellant's significant market share.

“Amongst End User, Personal Care segment dominated the market in 2020.”

Based on End User, the market is segmented Personal Care, Healthcare, Household, Automotive and Others. The Personal Care segment is expected to grow at a higher CAGR during the forecasted period. Aerosol cans are used to package a variety of items in the personal care end-use industry, including deodorants, face and body lotions, shaving foams, and fragrances. People in emerging nations have higher disposable income, which allows them to spend more on personal care items, which helps the aerosol cans industry flourish. Skincare and toiletries remain the most important product categories in Europe, followed by hair care and fragrances.

“Europe represents as the largest market.”

For a better understanding of the market adoption of Aerosol Cans, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. Europe is expected to grow at a higher CAGR. Europe, which includes mature economies like Germany and the United Kingdom, is expected to grow at a steady pace throughout the projection period. Aerosol cans are predicted to gain in popularity in Europe as a result of a focus on decreasing packaging waste. Additionally, cost-effectiveness and lowering wastage by extending the product's shelf life increase the market. Countries such as Spain and Paris have adopted the aerosol packing type as a way to adapt to shifting fashion trends. The steady expansion in the manufacturing of hair mousses, deodorants/antiperspirants, and shaving gels is largely responsible for the personal care segment's consistent growth. This has been steadily increasing over time. Some of the major players operating in the market includes Crown Holdings, Inc., Aero-pack Industries, Inc, Trivium Packaging, Midas Care Pharmaceuticals Pvt. Ltd, Aerobal, Toyo Seikan Co. Ltd., CCL Container, ITW Sexton, Ball Corporation, Mauser Packaging Solutions etc.

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