North America Aerosol Cans Market Size

North America Aerosol Cans Market Analysis

The North America Aerosol Cans Market size is estimated at USD 4.30 billion in 2024, and is expected to reach USD 5 billion by 2029, growing at a CAGR of 3.05% during the forecast period (2024-2029).

• Aerosol cans are in high demand from end-use industries such as Cosmetics and Personal Care, Food and Beverage, and Healthcare. The cosmetics and personal care industries are significant factors behind the market's growth, with rising disposable incomes, changing consumer lifestyles, product presentation and differentiation, and increased demand for products such as deodorants and hairsprays driving consumption.
• Beauty product vendors across the United States are probably looking for a standard packaging solution. The players in the market are focusing on the launch and creating innovative products in the form of Aerosol Spray. For example, in January 2023, Aptar Beauty expanded its portfolio of sustainable dispensing solutions with two aerosol actuators and fine mist spray, now qualified in up to 46% post-consumer recycled resin (PCR). The EuroMisttechnology is North America's best-selling fine mist spray and is suitable for many formulas.
• Increased consumer spending on laundry and cleaning products indicates increased demand. Household spray metal cans are often used to clean and disinfect products such as air fresheners, furniture polishes, and surface cleaners. In 2023, the net sales of Procter & Gamble (P&G) in the United States amounted to USD 38.7 billion, up from USD 27.3 billion in 2018. P&G is known for its household and personal care products, including cleaning agents, air fresheners, and unique hygiene products. A boost in P&G's sales could indicate increased demand for these products, some of which come in aerosol cans.
• However, cosmetics and personal care consumers hold significant negotiating power due to increased rivalry and the availability of interchangeable products from various producers. As a result, producers may be compelled to lower their pricing, posing a substantial barrier for the aerosol cans industry. Additionally, supply chain interruptions hampered the expansion of the aluminum sector due to rising energy prices.
• Moreover, aluminum aerosol cans provide considerable flexibility. Furthermore, the increased availability of recyclable materials increases their use, fueling demand. According to the Aluminum Association, the aluminum industry recycled more than 40 billion cans annually. Also, the United States can save up to USD 800 million per year by recycling the amount of aluminum that goes into landfills presently. The robust strategies and plans by the associations also drive the market’s growth. According to the Can Manufacturers Institute (CMI), its member companies are committing to increase the United States aluminum beverage can recycling rate to 70% by 2030 and capitalize on the metal's sustainability attributes. CMI is also targeting recycling rates of 80% by 2040 and over 90% by 2050.