AEROSOL CANS MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2023 - 2028)

Aerosol Cans Market Analysis

The aerosol cans market is anticipated to register a CAGR of 3.13% over the forecast period. During the forecast period, the global aerosol cans market is anticipated to be driven by consumers' expanding purchasing power.

• Aerosol cans make many industrial processes, such as painting, polishing, and lubricating, easier. Additionally, aerosol cans are used for domestic packaging products, including deodorants, hairsprays, and detergents. Aerosol sprays are used in air purification and pest control techniques.
• The practicality of use and convenience that aerosol cans offer users is the primary factor contributing to their popularity worldwide. Additionally, cans with specialized forms and simple branding possibilities are now produced due to product development, which has significantly increased the market.
• The main drivers of demand for aerosol cans are the ease of use, portability, recyclability, safety & strength, and greater aesthetic appeal of the product. Furthermore, this market has a tremendous possibility to expand in the future due to the expansion of the personal care sector and the rise in demand for cosmetic goods.
• Furthermore, the fast adaptation of spray paints in the automotive industry for personalization and maintenance purposes has created numerous opportunities for the growth of the aerosol cans market.
• However, using aerosols poses significant health and environmental concerns, which significantly negatively impact the market growth for aerosol cans. Further, growing concerns about adequately disposing of aerosol can trash are anticipated to prevent businesses from adopting these products, which might negatively affect the growth prospects in the global market.
• The COVID-19 effect has reduced employment in the manufacturing sector and hampered the expansion of the global aerosol cans industry. Additionally, several producers in the global aerosol cans market needed help to satisfy orders owing to the lockout and the reduced availability of their workforces, which has caused a delay in the delivery of the goods or cancellation of the orders. The severity of the market was further worsened by the impact on supply chains and the rising cost of raw materials like crude oil, which is used to produce volatile hydrocarbons like propane, used as a propellant. The market is anticipated to expand throughout the forecast period due to several factors, including the growth of e-commerce and the elimination of COVID-19's ban on importing and exporting completed goods and raw materials. Further, the Russia-Ukraine war has an impact on the overall packaging ecosystem.

Aerosol Cans Industry Segments

An aerosol can is a self-contained dispensing mechanism that releases a chemical as a fine mist, spray, or foam after being stored inside a compact metal canister. The Aerosol Cans Market is tracked by the revenue accrued from the metal can sales offered by various vendors in the market. The market also tracks the consumption trends of aerosol cans in terms of Volume (million units). The study assesses the key market parameters, underlying growth influencers, the impact of COVID-19, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period.

The Aerosol Cans Market is segmented by Product Type (Aluminium, Steel-Tinplate), End-users (Cosmetic and Personal Care, Household, Pharmaceutical/Veterinary, Paints and Varnishes, Automotive/Industrial), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

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Aerosol Cans Market Trends

This section covers the major market trends shaping the Aerosol Cans Market according to our research experts:

Growing Demand from the Cosmetic Industry may Drive the Market Growth

• The cosmetic and personal care sector uses metal aerosol cans for various goods, including deodorants, shaving foams, and other items. To preserve the product quality and extend shelf life, airtight aerosol cans are employed. ​
• The current generation is mainly concerned with appearance, fitness, and health. Cosmetics are increasingly used to enhance one's individuality by restoring skin tone, texture, and attractiveness, notably in Asia-Pacific and Latin America. Additionally, during the past several years, there has been a sharp increase in hair treatment. Due to their simplicity, aerosol cans are used for many cosmetics and hair care items.
• One of the primary drivers fueling the market's expansion is the continually rising demand for cosmetics and personal care products worldwide. It is primarily due to increased consumer spending power and evolving lifestyles, fueling the increasing demand for high-end personal care items, including deodorants, hairsprays, and body mists.
• According to ITC, last year, the global exports of personal deodorants and antiperspirants were valued at around USD 3.9 billion, a 10.6% rise in exports from the previous year, valued at USD 3.53 billion. The significant rise in exports would increase the opportunities for various aerosol can vendors globally.

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