Market Size of Asia Pacific Aerosol Cans Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Aerosol Cans Market Analysis
The Asia-Pacific aerosol cans market is expected to register a CAGR of 6.5% during the forecast period. An aerosol can is a self-contained dispensing system that stores a substance inside a small metal canister and pushes it out as a fine mist, a foam, or a spray. As these cans are convenient to use and offer accurate dosing without risk of spillage, their demand is growing across various end-user industries.
- Beverage producers are selling mini-cans in reduced amounts. Increased unit consumption is driving the demand for metal cans. Due to an emphasis on branding, products in the region that come in metal packaging are offered at a premium price.
- The increasing disposable income in developing economies such as China and India, industrialization, the growing convenience food industry, and rising consumption level are driving the aerosol cans market in Asia-Pacific. However, the dosage forms are costly for aerosol cans, which may negatively impact the market's growth, as price sensitivity is relatively higher in the Asia-Pacific region.
- As consumer dynamics in the region are changing, with customers increasingly adopting convenient and sustainable product, the demand for aerosol cans is expected to witness steady growth.
- Apart from personal care, the demand for aerosol cans is also increasing across the pharmaceutical sector of the region. According to Invest India, the Indian pharmaceutical industry is expected to reach USD 65 billion in 2024. The industry's growth is expected to present new opportunities for the market vendors offering aerosol cans in the country.
- However, the increasing presence of cheaper alternatives for packaging and the growing presence of harmful chemicals in aerosol cans amid growing concerns about the environment and health are restraining the market's growth.
- The COVID-19 outbreak significantly impacted various industries in the Asia-Pacific region, including the aerosol can industry, as widespread lockdowns and restrictions on workforce utilization in factories significantly impacted demand and production.
