ID: MRFR/PNT/1565-CR | October 2020 | Region: Global | 150 pages
Aerosol can market is expected to increase at a 4,70% CAGR by the end of the global forecast year in 2030. The market valuation is expected to rise to USD 10,163 million by the end of the forecasted year.
The aerosol can market includes a widespread consumption of personal care products catering to individual needs like shaving creams, body, as well as, hair sprays, along with deodorants for daily use purpose. The aerosols are known as the colloidal systems that help the collision of either solid or liquid particles suspended freely in gas. There is a huge variety of applications available as a part of the aerosol can market that is inclusive of individual care, industrial, food, and paints, medical and automotive sectors, apart from the household one. The ease and convenience in the use of the cans along with an aesthetic and trendy product design is what is pushing the market’s demand during recent years.
The aerosol can market size has been adversely affected due to the global COVID 19 pandemic outbreak globally. The obnoxious spread of the pandemic has come along with the temporary and permanent lockdowns, curfews, restrictions, unavailability of labor, and pausing the manufacturing and production units of various businesses. The pandemic has affected the demand for the raw materials used in the production, as well as, processing of the aerosol cans. The end-users of the aerosol can market like the automotive, transportation units, consumers, logistics, as well as, industrial equipment are the most affected ones.
However, post the COVID 19 pandemic the government is coming up with strategies and initiatives to help the research and development sector grow at an emerging rate. The companies are opting for different types of attractive packaging and eco-friendly products to help the market recover the losses post the era of a pandemic.
The aerosol can market analysis portrays that the global market has a high degree of competition involved. The main reason behind this is the elaborated functioning of the key market players in the market. Also, witnessing the steps being undertaken, the report helps in drawing a competitive landscape of the market. The prominent players of the market are:
The aerosol can market trends are witnessing an increased demand from the end-users of the industry. Mainly the industries like cosmetics, individual and personal care, healthcare, along the food industry are demanding these cans in large numbers. The personal care industry accounts for approximately 58.6% of the demand for cans. The global report predicts a very high potential for the cans by the end of the global forecast period. There is an increase in the disposable income of the potential audience that is stimulating the lifestyle changes and higher demand for product differentiation, as well as presentation. All these factors are highly responsible for the growth of the market size by the end of 2025.
An increased price of aluminum is likely to affect the price range of the aerosol cans in various markets of different geographical locations. Aluminum is one of the most important raw materials for the production of cans and if the prices increase, the market is going to witness restraints in the process of growth by the end of the future forecast in 2025.
The beauty care, personal hygiene, and care application are moving towards an elaborated use of the aerosol cans. Also, the changing lifestyle of people and awareness related to the need for a healthy and comfortable environment for functioning, are stimulating both the key players for large-scale production, as well as, the customers for large-scale demand and purchase of the cans. However, the key players need to come up with better alternates in comparison to the refillable spray bottles that are eco-friendly in nature. Alternates need to be developed so that the market is able to reach the predicted market valuation and grow at the expected CAGR rate.
The aerosol can market value is estimated to grow at a 6.5% CAGR by the end of the global forecast in 2025. The market is segmented based on the following:
Different kinds of raw materials like aluminum, steel, as well as, plastic are used to manufacture aerosol cans.
Type of product
The different type of aerosol cans is available in the necked-in, shaped, as well as, the straight wall shapes.
Liquefied, as well as compressed gas propellants, are used in compiling the aerosol cans.
The market is currently working in 5 major locations namely North America, Latin America, Asian Pacific nations, Middle East and Africa (MEA), as well as, the European nations.
Considering the volume terms, the European nations are likely to have the largest market share summing up to 33%. The European region is emerging as the leading producer of aerosol cans. The main reason behind this is the increasing demand of the personal care industry. Also, the market is witnessing a high demand for cosmetics, along with the increased growth of the fragrance industry. Also, the purchasing power of the consumers is increasing which is giving the market, a much-needed boost.
The Asian Pacific market is expected to emerge as the highest gross earner in terms of revenue collection. The Indian, as well as, the Chinese government are giving a push to the favorable investments that are likely to create excellent opportunities for growth by the end of the global forecast in 2025. Based on the regional segments, the Middle East and African region are expected to reach good growth by the end of the global forecast in 2025. The population in such regions is spending a lump sum amount on skincare regimes, as well as, hair care products. The personal care segment is expected to have maximum growth in countries like UAE, as well as, Saudi Arabia.
The global aerosol can market report predicts the revenues, as well as, the voluminous growth of the market operations and transactions. The report depicts the impact of coronavirus on its operations and hampering the potential elements of the market. The market dynamics are discussed at the regional, country, as well as, global levels. This is done to provide a clear picture and analysis of the latest trends and recent developments prevailing in the market. These have a major role to play in depicting the market valuation by the end of the global forecast in 2025. The growth of the market segments is also discussed in 5 major geographical locations of the world. This will help in analyzing the growth prospects and expected rate of CAGR at which the market is expected to grow by the end of the future forecast in 2025.
|Market Size||USD 10,163 Million 2030|
|CAGR||4.70% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Product Type, Propellant Type and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Toyo Seikan Group Holdings Limited, Crown Holdings, Reckitt Benckiser, CCL Industries, Honeywell International Inc., Ball Corporation, Ardagh Group, Unilever|
|Key Market Opportunities||Increase usage of Aerosol Can in beauty and personal care application|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Global aerosol can market expected to reach a notable value of USD 10,163 million by forecast 2030
North America is accounted for the largest share and has always been a cornerstone in the innovation and development of personal care, hygiene, and beauty products.
Kian Joo Can, Toyo Seikan, CPMC, Crown Holdings are the leading players in the global aerosol can market.