The aerosol can market research analysis presents estimations of growth, size, and projections for each market segment, accompanied by trends and forecasts based on revenue (in USD million). This report encompasses historical, current, and prospective analyses and appraisals for the Aerosol Can Market. The global aerosol can market size was USD 10.02 billion in 2022. The market is set to rise from USD 10.52 billion in 2023 to USD 15.42 billion by 2030, recording a CAGR of 5.62% from 2023 to 2030.
An independent dispensing device called an aerosol allows a substance to be held in a container and released as a tiny spray, mist, or foam. The growing usage of these cans in the food industry to prevent product contamination and spills, such as frosting of pastries and cheese foam, is increasing their demand in this sector. Market growth is attributed to the increasing need for aerosol cans in the automotive, paints, and personal care industries due to their many benefits. Fortune Business Insights™ shares this information in its report titled “Aerosol Can Market, 2023-2030.”
Segmentation
Aluminum Segment Dominates the Market due to its Affordability
By material, the market is categorized into aluminum, steel & tinplate, and plastic. Aluminum is the leading segment of the global market. Aluminum is the leading segment of the global market. Due to its superior physical qualities over other materials, aluminum is preferred by producers, retailers, and most importantly, purchasers. It is portable, easy to use, and affordable to ship domestically and internationally.
Surging Need for Necked-In Cans in the Industrial Sector is Fostering Segment Growth
On the basis of product type, the market is classified into straight wall, necked-in, shaped, and others. The necked-in segment accounts for the highest global market share. The content of necked-in cans is safe since they are sealed, protecting them from infection. The increasing need for necked-in cans in the industrial sector to remove residue from engines and enhance shine is boosting segment growth.
Increasing Demand for Personal Care Products Fueling Segment Growth
In terms of application, the market is divided into personal care, home care, pharmaceutical, automotive & industrial, paints, and others. The personal care segment is commanding the global market. The personal care segment is extremely competitive and offers a large variety of products. The increasing demand for personal care products as a result of rising hair and body care product usage is augmenting segment growth.
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.
Source- https://www.fortunebusinessinsights.com/aerosol-cans-market-102724
Drivers and Restraints
Increasing Demand for Aluminum CansDue to theirRecyclability is Boosting Market Development
One of the preferred solutions for firms trying to develop their circular projects is metal packaging. The main benefit of metal is that it can go through numerous recycling processes without compromising its purity or quality. Aluminum aerosol cans are made from highly pure aluminum, which adds to their high value, high level of efficacy, and special metal properties. They provide superior packaging and a competitive edge over other packaging types, propelling market growth. Recycling metal makes aluminum can production 20 times more energy-efficient than using raw materials. The capacity to be recycled and increased awareness about sustainability are changing people’s attitudes toward aluminum cans.
Nevertheless, the ability of aerosol cans to ignite other harmful chemicals and substances in the workplace is hampering market growth.
Regional Insights
Increasing Consumer Awareness about Skin Benefits of Personal Care Products is Driving Market Growth in Europe
Europe holds the highest aerosol can market share. Increasing awareness among individuals about good health and the several skin benefits of personal care items are the key factors boosting market expansion in the region.
North America is the second-largest market. The presence of a well-known pharmaceutical industry and the rapid expansion of the automotive industry are augmenting market growth in the region.
Competitive Landscape
Top Market Players Focus on Product Innovations to Remain Dominant in the Market
The market is quite competitive and fragmented. Leading companies are constantly working on increasing their customer base to maintain their positions. Some market players are also focusing on product innovations to make a mark in this industry.
Key Industry Development
- January 2022: One of the biggest aerosol can manufacturers in North America, Ball Metalpack, was acquired by one of the prominent sustainable packaging firms, Sonoco Product Company. This acquisition will strengthen Sonoco’s existing flourishing metal packaging business.
List of Key Players Profiled in the Market Report
- Ball Corporation (U.S.)
- Crown Holdings (U.S.)
- CCL Industries (Canada)
- Trivium Packaging (U.S.)
- Sonoco Products Company (U.S.)
- Nampak (South Africa)
- Alucon (Thailand)
- Mauser Packaging Solutions (U.S.)
- Hindustan Tin Works Ltd. (India)
- Alltub Group (France)
Market Scope of the Report:
The market estimates presented in the report result from a comprehensive research approach involving various research channels such as primary research, secondary research, and subject-matter expert consultations. These market estimates consider the influence of existing market dynamics and a range of economic, social, and political factors on the Aerosol Can Market. Additionally, the market data is shaped by regulations, government expenditures, and advancements in research and development. Both positive and negative market changes are factored into these estimations.
Market Segmentation:
The study offers detailed segmentation of the global Aerosol Can market based on Type, End User, and region. The report provides in-depth discussions of these segments and their sub-divisions, supported by tables and figures. Market players and investors can strategize their approaches based on the high-revenue and rapidly growing segments highlighted in the report.
Research Approach:
The report incorporates primary information collected directly from key stakeholders through quantitative and qualitative analyses utilizing the Porter Five Force model’s parameters. The report emphasizes macroeconomic indicators, trends within the parent market, and growth drivers. A comprehensive understanding of the market is achieved through both primary and secondary research. Rigorous checks were performed on the data used in the report to ensure its authenticity and quality. The credibility of evaluations and market segments is established using both bottom-up and top-down methodologies.
Key Inquiries Addressed in the Aerosol Can Market:
- What is the global market size for the Aerosol Can market?
- Which screen size is most preferred by Aerosol Can consumers?
- What distribution channel is preferred by Aerosol Can manufacturers?
