Market Trends of Latin America Aerosol Cans Industry
This section covers the major market trends shaping the Latin America Aerosol Cans Market according to our research experts:
Cosmetic and Personal Care is Expected to Account For Significant Market Share
- Metal cans provide a high-temperature resistance, allowing cosmetic products and personal care products to retain the product quality without compromising on the characteristic loss. The usage of metal aerosol cans in the industry is also dedicated to controlling moisture due to linings. The aerosol cans are used for deodorants, shaving foams, and other cosmetic and personal care products. The airtight aerosol cans are used to retain the product quality, thus providing a longer shelf life.
- Companies manufacturing deodorants are a significant user of metal aerosol cans owing to their ability to retain freshness, extend shelf life, and be lightweight. Like Axe (a Unilever brand), many-body spray manufacturers leverage metal cans for better marketing strategies.
- Further, according to the National Institute of Statistics and Geography(INEGI), in June 2020, sales of spray deodorant produced in Mexico amounted to nearly 5 million units, up from 3.23 million units recorded in April 2020. January was the month with the highest sales volume of Mexican deodorant within the first half of 2020, with a total of 5.52 million units sold.
- Moreover, various key manufacturers of the studied market offer a wide range of products for the region's cosmetic and personal care industry. For instance, Ball Corporation provides aerosol cans in two options, namely one, two, and three-piece cans, and caters to personal care and household packaging, alongside other industries.
- Further, Latin America accounts for a significant share in the market studied, due to the increasing demand from the personal care segment, throughout the leading Latin American economies. Additionally, the higher production demands of deodorants/antiperspirants have led to a rising number of production lines in Mexico over the past few years. Increased personal care spending is the major contributor to this growth.
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Brazil Accounts for the Largest Market Share
- The Brazilian automotive sector is driving the aerosol cans market in Brazil. Brazil has a relatively broad customer market base. The automotive industry has spread its wing far across to assembling and making Formula 1 racing cars. The automotive sector is a significant contributing sector to the Brazilian economy. The industry has undergone a considerable transformation with globalization.
- Furthermore, the fast adaptation of spray paints in the automotive industry for personalization and maintenance purposes in Brazil has created numerous opportunities for the growth of the aerosol cans market.
- Moreover, the aerosol can manufacturers in Brazil are focused on packaging everything from food and deodorant to laundry and automotive products. Necked-in steel aerosol cans are incredibly durable and serve as a vehicle for brand owners to enhance their effects on the retail shelf.
- In June 2021, Reckitt has launched their innovative Dupla Proteção aerosol insecticide in Brazil under the SBP brand. Additionally, DCA is delighted to have been involved from the earliest stages of the design and development process of this unique 2 in 1 pest control product. Further, the aerosol incorporates a rotating cap that rapidly selects the best option for targeting different types of insects.
- Further, with the expansion of the personal care industry in Brazil, the demand for aerosols is also expected to increase. The development of the personal care industry is mainly attributed to the rising consumer disposable income, which is enabling them to spend on luxury products. As several personal care products contain aerosols, their increasing sale is likely to benefit the market.
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