"Overview of Aerosol Cans Market"
The Demand For Aerosol Cans Market Was Estimated At US$ 12.6 Bn In 2018. It Is Projected To Witness A CAGR Of 4.6% During The Forecast Period (2019-2027).
High adoption of aerosol cans in cosmetics and automotive industry is expected to support the growth of the market. Aerosol cans are widely used in various product formats/applications such as hair sprays, deodorants, spray paints, lubricants, brake cleaners and degreasers.
Aerosol Cans are chemically inert and possess excellent barrier properties further fueling the market demand. Manufacturers find steel and aluminum aerosol cans very beneficial as they have a larger shelf life and can be recycled multiple times. Moreover, Brands use aerosol cans as a tool for advertising and promoting on the billboards to outshine their competitors.
Another factor positively influencing the growth of aerosol cans market is rise in modern retail market. Moreover, various benefits offered by aerosol cans such as ease of usage, storage and transportation are also very common factors boosting the demand of aerosol cans. Light weight aerosol cans are made up of plastics which is also high in demand due to reduced transportation costs as plastics are lighter than aluminum. However, government regulations regarding the use of plastic is expected to restrain the growth of plastic aerosol cans market during the forecast period (2019-2027).
By Application, Cosmetic and Personal Care Industry Is Expected To Witness High Demand during Forecast Period
Cosmetic and Personal Care Industry had accounted for a significant share of 38% in 2018 and is expected to remain dominant during the forecast period.
Aerosol Cans are used for many purposes in cosmetic and personal care industry apart from just hair and body sprays. Cream foundation, self tanner, sunscreen, makeup setting spray, dry shampoo and hydrating creams are few of the personal care items where aerosol cans are widely used. Recently, many manufacturers have started using steel while manufacturing aerosol cans. Currently many brands in cosmetic and personal care are offering the refill facility to the consumers on discounted prices to reduce wastage. Manufacturers in cosmetics and personal care industry are adopting various strategies to remain competitive in the market.
The increasing competition among cosmetic brands to innovate and supply environmental friendly packaging is positively fueling the market. Leading cosmetic brands prefer well packaged products that prove to be a reason for the growth of aerosol cans in the cosmetic and personal care industry.
Skincare and toiletries along with hair care and fragrances stay as the most prominent categories.
By Material Type, Aluminum Is Expected To Witness High Demand Witnessing A CAGR of XX% during the Forecast Period
In 2018, Aluminimum accounted for a significant share of xx% and is expected to remain dominant during the forecast period. Aluminum is one of the most used packaging materials in aerosol cans market. Growing environmental concerns and use of premium packaging is one of the major factors driving the demand of aerosol cans. Aluminium cans are preferred as these are lighter in weight and recyclable. Also production of recycled aluminum is more energy efficient than fresh aluminum so it can be recycled endlessly without any loss of quality. These factors contribute to the growth of aluminum aerosol cans market across the globe.
Europe Is Likely To Dominate the Global Aerosol Cans Market
Europe held a considerable share of 43% in 2018 and the trend is anticipated to continue during the forecast period. Europe is anticipated to record high growth over the forecast period with urbanized economies such as France, Germany and the United Kingdom leading from the front. In addition to this, strategies adopted by manufacturers in Europe related to cost-effectiveness and waste reduction by extending the product's shelf-life will also fuel the market. In 2018, more than 2 billion cans were sold across the U.K. in personal care industry. Asia-pacific region is also witnessing a huge growth in the aerosol cans market owing to improved lifestyle of consumers. Middle East and Africa are expected to witness an average growth during the forecast period.
Competitive Landscape Analysis
Aerosol cans market comprises of large and medium players and it is a highly competitive market. Competitors in the aerosol cans market are majorly indulged in product launches, mergers and acquisitions and collaborations to cope up with the rising demand. Manufacturers are creating elegant shaped aerosol cans to stir up consumers’ desire of buying the product. The major players operating in global aerosol cans market are Crown Holdings Inc., BALL CORPORATION, Spray Products Corp, DS Containers Inc., BWAY Corporation, MidasCare Pharmaceuticals Pvt. Ltd., Aerobal S.A. de C.V., ITW Sexton Can Company, Avon Crowncaps & containers (Nig) Plc and Aero-Pack Industries Inc., Nampak, Aryum aerosol cans Ltd., Bharat Containers
Aerosol Cans Market Segmentation:
- Cosmetics and Personal Care
By Product Type:
- Straight wall aerosol cans
- Necked in aerosol cans
- Shaped aerosol cans
- North America
- Latin America
- Asia Pacific
- Middle East and Africa