DUBLIN--(BUSINESS WIRE)--The "Aerosol Cans Market by Material (Aluminum, Steel, Plastic), Product Type, Type (Liquefied Gas, and Compressed Gas), End-use Sector (Personal Care, Healthcare, Household Care, Automotive), and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global aerosol cans market size is projected at USD 10.2 billion in 2021 and is projected to reach USD 12.2 billion by 2026, at a CAGR of 3.7%, between 2021 and 2026.
The growth in the market is attributed to growing demand from end-use industries such as personal care, household care, automotive, healthcare, and others.
Aerosol can is a self dispensing pressurized packaging form, with a permanently attached continuous or metering valve that dispenses the required product formulation in the form of aerosol sprays, streams, gels, foams, lotions or gases, as the contents are introduced and contained in the cans under high pressure and are released with the help of a valve that forces them out through a small orifice. These cans are primarily made up of aluminum, steel, plastic, and glass. Aerosol cans are used in various end-use sectors such as personal care, household care, healthcare, automotive, and others.
"Aluminum is the largest material segment of the aerosol cans market."
Aluminum material segment accounted for the largest share in the global aerosol cans market during the forecast period. Aluminum is one of the most preferred materials for packaging due to its wide range of properties. It is lightweight, shatterproof, impermeable, flexible in nature, corrosion-resistant, and recyclable. Aluminum aerosol cans prevent high volatile constituents of the contents from escaping and preserve the contents for a long time. These factors attribute to the large market share of aluminum in global aerosol cans market.
"Liquefied Gas Propellant is the largest type segment of the aerosol cans market."
Liquefied Gas Propellant type segment accounted for the largest share in the global aerosol cans market during the forecast period. In case of liquefied gas propellant, even when the product level drops, more propellant evaporates to maintain a continuous pressure in the space above the product. This helps to maintain the performance of the spray throughout the lifespan of the aerosol can. This attributes to the large market share of liquefied gas propellant.
"1 piece aerosol cans is the largest product type segment of the aerosol cans market."
1 piece aerosol cans product type segment accounted for the largest share in the global aerosol cans market during the forecast period. This segment is witnessing growth due to the advantages it offers, such as it is leak, light & air proof, can sustain higher pressures, is unbreakable, resistant to corrosion and heat, and seamless.
"Personal Care is the largest end-use sector segment of the aerosol cans market."
The personal care end-use sector segment accounted for the largest share in the global aerosol cans market during the forecast period. For the personal care end-use sector, aerosol cans are used for the packaging of different products such as deodorants, face & body creams, shaving foams, and perfumes. The increasing disposable income of people in developing economies allows them to spend more on personal care products, thereby helping the aerosol cans market to grow.
"APAC is the fastest-growing market for aerosol cans market."
APAC is projected to be the fastest growing market for aerosol cans during the forecast period and is projected to register the highest CAGR among all the regions. The growth in aerosol cans market in APAC region is attributed to increasing disposable income in the developing economies such as China and India.
Key factors such as industrialization, growth of the convenience food industry, rise in manufacturing activities, increase in disposable income, rise in consumption level, and the growth in retail sales have contributed to the growth of the aerosol cans market during the forecast period in the region. Moreover, the spending on packed food and beauty care has increased, which is driving the demand for aerosol cans in the region.
The key companies profiled in this report on the aerosol cans market include Ball Corporation (US), Trivium Packaging (US), Crown (US), Mauser Packaging Solutions (US), Toyo Seikan Co. Ltd. (Japan), Nampak Ltd. (South Africa), CCL Container (US), Colep (Portugal), CPMC Holdings Ltd. (China), Guangdong Sihai Iron-Printing and Tin-Making Co.,Ltd. (China), and others are the key players operating in the aerosol cans market.
Market Dynamics
Drivers
- Growth of the Cosmetic & Personal Care Industry
- Recyclability of Aerosol Cans
- Convenience in Terms of Shapes & Sizes and Product Appeal
- Convenience in Terms of Application
Restraints
- Availability of Alternatives in Terms of Packaging and Price
Opportunities
- Emerging Economies Offer High Growth Potential
- Challenges
- Stringent Government Regulations
Companies Mentioned
- Alucon Public Company Limited
- Ball Corporation
- CCCL Container
- Colep Portugal, S.A.
- CPMC Holdings Ltd.
- Crown Holdings, Inc.
- Daiwa Can Company
- Ds Containers
- Envases UK Limited
- G. Staehle GmbH U. Co. Kg
- Graham Packaging Company
- Guangdong Sihai Iron-Printing and Tin-Making Co. Ltd.
- ITW Sexton
- Jamestrong Packaging
- Kian Joo Can Factory Berhad
- Massilly Holding S.A.S
- Mauser Packaging Solutions
- Nampak Ltd.
- Soonthorn Metal Can Company Limited
- Spray Products
- Swan Industries (Thailand) Company Limited.
- Takeuchi Press Industries Co. Ltd.
- Toyo Seikan Co. Ltd.
- Trivium Packaging
- Tubex Holding Gmbh
For more information about this report visit https://www.researchandmarkets.com/r/7mwlou
