Latin America Aerosol Cans Market Size

Latin America Aerosol Cans Market Analysis

The Latin American aerosol cans market is expected to register a CAGR of 3.1% during the forecast period (2021 - 2026). The impact of the outbreak of COVID-19 halted the aerosol cans manufacturing due to the sudden lockdown of the countries and shutdown of manufacturing facilities and their operations. It will cause the demand and supply system to be suboptimal and reduce the profit margins. But, in the long run, with businesses restarting normally and e-commerce trends on the rise, the market is expected to rebound. Further, the possibility of airborne transmission in specific circumstances is expected to leverage the demand for aerosol can packaging. This is because the advantage of convenience and accurate dosing without spillage and airtight packaging provided by the aerosol cans eliminates the likelihood of contamination.

• Aerosol cans provide many benefits, such as rigidity, stability, and high barrier properties. In the Latin American region, aerosol cans made up of steel and aluminum are mostly preferred. These materials have significant properties, such as being softer and lightweight, due to which the manufacturers can save costs associated with logistics.
• Additionally, The packaging has increased the value of these cans from aesthetic purposes to value creation to the application of the product for storage, transportation, and ease of use. They are effective packaging solutions that fit all the features related to execution during storage, transportation, and convenience to the consumer.
• Stringent government regulations and standards are responsible for the increased proliferation of metal cans in the region. Heavy consumption of deodorant in Latin America is also responsible for the increase in the growth of the metal aerosol can packaging industry.
• Additionally, aerosol cans enable 360 degrees application and consume 25% less substance for relative area coverage. Furthermore, the fast adaptation of spray paints in the automotive industry for personalization and maintenance purposes has created numerous opportunities for the aerosol cans market in Brazil and Mexico. In addition, spray paints are used as art supplies and as a part of residential painting. The pandemic has forced people to stay at home, which indirectly has encouraged people to take up various renovation activities on their own, including spray paints and conventional painting, which has imparted to the increase in demand for metal aerosol cans.
• Further, increasing investments in infrastructure development and positive economic trends are expected to support the industrial demand over the forecast period. Moreover, owing to the convenience and strength offered by aerosol packaging, aerosol cans have become the standard packaging used in many industries. Besides, constant innovations by the companies in the market and technological developments in packaging are expected to drive market growth.