The aerosol cans market provides several advantages over other packaging solutions including ease of use, improved safety, and portability. Aerosol cans are used to package and dispense a wide variety of products across various industries such as personal care, homecare, healthcare, automotive, and others. The growing demand for packaged food and increasing disposable income levels have significantly contributed to the rising demand for personal care and homecare products, which is driving the growth of the aerosol cans market.
The Global aerosol cans market is estimated to be valued at US$ 21.36 Mn in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the aerosol cans market are BASF S.E., Suez S.A., Kemira OYJ, BWA Water Additives, Ecolab Inc., Cortec Corporation, DowDuPont Inc., Baker Huges Incorporated, Akzo Nobel N.V., and Solenis LLC.
The key opportunities in the Aerosol Cans Market Share include developing eco-friendly cans using recycled aluminium and developing innovative product formulations and capabilities to meet the diverse needs across industries. Technological advancements such as the incorporation of smart packaging technologies and Internet of Things (IoT) provide opportunities for real-time product monitoring and tracking in the supply chain.
Market Drivers
The rising demand for packaged, portable, and easy-to-use products across industries is a major market driver. Aerosol Cans packaging solutions provide improved product safety and prevent wastage. The increasing adoption of water-based coatings and growing end-use industries such as homecare and personal care further contribute to the growing demand for aerosol cans. Aerosol cans prevent the wastage of contents and dispense products in a metered format, which ensures improved product efficacy. These factors are expected to fuel the growth of the global aerosol cans market during the forecast period.
Current Challenges in the Aerosol Cans Market
The aerosol cans market has been facing various challenges in the recent past years. One of the major challenges has been the rising prices of raw materials such as aluminium and steel which are the key materials used in manufacturing aerosol cans. Aluminium and steel prices have increased substantially over the past year owing to rising demand from various end-use industries and supply constraints. This has increased the overall production costs for aerosol cans manufacturers. Secondly, stringent government regulations regarding the usage of propellants is also a challenge. Many countries and regions have banned or imposed restrictions on the usage of certain hazardous propellants such as CFC and HCFC. This requires manufacturers to explore alternative propellants which add to production challenges and costs. Environmental concerns regarding non-recyclability of some aerosol packaging materials is also an issue that needs to be addressed through innovation.
SWOT Analysis
Strength: Lightweight and portable packaging solution for various product applications. Does not require pre-mixing of product and is convenient for on-the-go usage.
Weakness: Production cost increases due to volatility in raw material prices. Some aerosol packaging materials are non-recyclable.
Opportunity: Growing demand for aerosol packaging from food, personal care and household product sectors. Alternative propellants can be explored to replace banned ones.
Threats: Stringent regulations regarding usage of certain propellants. Growing popularity of alternative packaging formats like pump bottles.
Geographical Regions with High Market Concentration
The North American and European regions collectively accounted for over 60% of the global aerosol cans market value in 2024. Within North America, the United States represented the largest market owing to strong demand from the personal care, household products and food sectors. Major European countries like Germany, United Kingdom, France and Italy also contributed significantly to the regional market. This is attributed to high per capita consumption of aerosol packaged products and strong presence of global aerosol cans manufacturers.
Fastest Growing Regional Market
The Asia Pacific region is projected to be the fastest growing market for aerosol cans during the forecast period of 2024 to 2031. This can be attributed to rising living standards, growing middle-class population and expanding product application industries in countries like China, India and other Association of Southeast Asian Nations (ASEAN) countries. Changing consumer lifestyles and shift towards packaged goods is also driving the adoption of aerosol packaging in personal care and household products. Factors such as industrialization and urbanization are further projected to propel the Asia Pacific aerosol cans market.
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1. Source: Coherent Market Insights, Public sources, Desk research.
2. We have leveraged AI tools to mine information and compile it.