Aerosol cans are portable metal cans that contain pressurized gas to dispense a liquid or powdered product as mist or foam. Aerosol cans are lightweight, spill-proof, and provide products like personal care products, household cleaners, and paints in an easily usable format. The global Aerosol Cans Market is estimated to be valued at US$ 18.54 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing demand for convenient product packaging has propelled the aerosol cans market in recent years. Aerosol cans allow products to be applied or dispensed with ease of use compared to traditional packaging formats. The ability of aerosol cans to package a range of products like cosmetics, food, household items and others in an affordable and user-friendly format has increased their popularity among consumers. Innovation in aerosol can design to improve features like ease of use, product freshness, and customization has further fueled the demand. Sustainable and environment-friendly aerosol cans incorporating recycled aluminum and steel are also gaining traction driven by rising environmental consciousness.
SWOT Analysis
Strength: Aerosol cans are lightweight, portable and provides safe and effective way of storing and dispensing a wide range of products. They help in providing uniform dosage of products.
Weakness: Rise in environmental concerns regarding proper disposal of used aerosol cans. Dependency on fossil fuels for propellants is also a weakness.
Opportunity: Growing use in personal care and healthcare sectors present opportunities for growth. Product innovations related to propellants also present opportunities.
Threats: Stringent regulations regarding usage of certain propellants pose threats. Availability of alternative packaging also poses threat.
Key Takeaways
The Global Aerosol Cans Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
North America region currently dominates the global market due to high consumption of personal care and healthcare products. Asia Pacific is expected to be the fastest growing region owing to rising income levels and changing lifestyles.
Key players operating in the aerosol cans market are LG Chem, Hanmi Pharmaceutical Co., Ltd., Boryung Pharmaceutical Co., Ltd., Novartis AG, EirGenix, Inc., Biocon Limited, G.L. Pharma GmbH, Daewoong Pharmaceutical Co., Ltd., Sandoz International GmbH, Boryung Pharmaceutical Co., Ltd., VHB Life Sciences Limited, HanAll Biopharma, Taiba Healthcare, Huons Co., Ltd., Dong-A ST Co., Ltd.
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