Aerosol Can Market Overview
Aerosol Can Market size was valued at $8,994 million in 2020, growing at a CAGR of 5.3% during the forecast period 2021-2026. Aerosol cans are the kind of dispensing system that helps to protect the package from external conditions such as heat, contamination. Aerosol cans provides simple and convenient way to package variety of household chemicals that are mostly made up of steel or aluminum. Increasing demand for various personal care products such as deodorants and hair sprays and rising awareness of environmentally friendly packaging are some of the factors increasing the growth of Aerosol Can Market. Moreover, rising development in personal care industry increases the production of Aerosol can products and rising adoption of spray paints in automotive industry increases the growth of this market.
The report: “Aerosol Can Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Aerosol Can Market.
By Material: Aluminum, Tinplate, Plastic and Glass.
By Fabrication: Monobloc, 2-piece and 3-piece.
By Type: Straight Walled, Necked-in and Shaped.
By Applications: Agriculture, Automotive, Personal Care, Household, Commercial, Food, Pharmaceuticals, Industrial and Others.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, Australia and Others), South America (Brazil, Argentina and Rest of South America) and RoW (Middle East and Africa).
- Factors such as hygiene awareness, growing disposable income, and low per capita consumption are set to increase the penetration of Aerosol in different applications are driving the growth of the market during the forecast period 2021-2026.
- The increasing prevalence of products with high barrier properties along with rising awareness among the people regarding the usage of eco-friendly packaging solutions and is anticipated to be the major driving factor for the market’s growth.
- Asia-Pacific region is estimated to grow at a fastest CAGR during the forecast period 2021-2026. This is owing to improving consumer lifestyle and increasing trend in recycled empty Aerosol cans in the normal household waste packaging that enables an effective stream without causing a hazard.
Aerosol Can Market Segment Analysis - By Material
In 2020, by Material, Aluminum accounted for a major share and is set to be fastest growing segment at a CAGR of 5.7% during the forecast period 2021-2026. This is owing to the fact that properties of aluminum such as strong, durable, flexible, corrosion-resistant, and 100% recyclable, increased the demand for aluminum Aerosol cans among consumers and it became the preference for the manufacturers. As, manufacturers prefer aluminum for Aerosol cans owing to the fact that it can be recycled less expensively than aluminum produced from virgin ore. Furthermore, aluminum Aerosol cans offer substantial cost benefits that appeal to manufacturers as well as end-users. Apart from this, aluminum Aerosol cans continue to be the container of choice for consumers owing to the innovative form and reliable functionality also, it creates an impression of upscale quality that is different from other packaging materials.
Global Aerosol Cans Market By Type, 2020(%)
Aerosol Can Market Segment Analysis - By Fabrication
3-piece segment accounted for major share in 2020. This is owing to fact that lightweight Aerosol cans is the leading supplier of advanced can-making machinery with a working range perfectly covering all sizes of 3-piece. Aerosol cans with a production speed of up to 500 CPM and forms another benchmark for Aerosol can production. Furthermore, 3-piece Aerosol cans are used for storage and preservation of food that is regarded as one of the most efficient methods available and it also finds application in the beverage packaging industry and is preferred by a growing number of consumers across the world. These are the major factors that are driving the growth of the Aerosol Can market.
However, 2-piece segment is set to be the fastest growing segment and is projected to grow at a CAGR of 5.9% during the forecast period. This is owing to the fact that 2 piece cans are made by forming a cup-shaped container with steel or aluminum. It is produced by two manufacturing processes including the draw-redraw process and the draw-and-iron process. Moreover, it was developed as a replacement for 3 piece cans and has various advantages over 3 piece cans. Consumers use 2-piece Aerosol cans for a variety of purposes and are a wide container worldwide. About more than 100 million 2-piece Aerosol can are consumed each day within U.S alone and produces billions of cans per year. Furthermore, 2 piece cans are hermetically sealed containers designed to keep food inside fresh in texture and taste hence, increasing the growth of the Aerosol Cans market.
Aerosol Can Market Segment Analysis - By Region
In 2020, North America is the major region dominating the Aerosol can market with global share of 28.21%. This is owing to increasing cosmetic and personal care industry and increase in funding in U.S based companies. Furthermore, the key players are adopting strategies such as collaboration, product launch, partnership and acquisition with other players to gain competitive advantage in the regional Aerosol can market.
However, Asia Pacific region is projected to be the fastest growing CAGR during the forecast period 2021-2026. This is owing to improving consumer lifestyle and increasing trend in recycled empty Aerosol cans in the normal household waste packaging that enables an effective stream without causing a hazard.
Aerosol Can Market Drivers
Rise in the Modern Retail Formats Along With Technological Advancements
The market for Aerosol Can is anticipated to rise at a rapid pace during the forecast period 2021-2026 owing towards the upward trend in modern retail pushes FMCG businesses to concentrate on the packaging format to maximize their customer reach within the limited shelf space availability. The lightweight design of Aerosol cans is another aspect that fuels the growth of the Aerosol cans market. Along with the light weight properties, they also have unbreakable and easy to hold properties when holding it. For instance, Colep partnered with Henkel AG to supply lightweight tinplate cans to the hairstyling specialist brand Syoss in 2018. In a bid to provide a more balanced packaging solution that uses less products, less energy and less water for consumers, the Aerosol cans supplier created the latest packaging solution. In addition, owing to fast-paced lifestyles, the growing use of Aerosol cans is anticipated to be the key factor in driving the growth of the demand for Aerosol cans and forcing companies to opt for technological innovation to control a higher share of the market for Aerosol cans. For instance, in 2019, at the ADF&PCD exhibition in Paris, Ball Corporation unveiled a new technology offering innovative shapes to create consumer appeal at any angle of the can by launching its custom Aerosol cans.
Aerosol Can Market Challenges
Alternatives in Terms of Packaging and Price:
In terms of technology and applications, the Aerosol industry has experienced numerous improvements and advances. Relatively more costly than conventional alternatives are the materials used in the manufacturing of Aerosol cans. In addition to that, processing costs, along with disposal costs, also contribute to the overall cost of the product, this is anticipated to restrict the market for Aerosol cans to some extent. Furthermore, extreme temperatures can also cause cans to break or rust (in case of moisture) resulting in the release of content with the potential to harm air, water and land. In addition, refillable spray bottles, since they do not require recycling, are cheaper compared to Aerosol cans. This also makes them more environmentally friendly, limiting the production of the product. In addition, aluminum prices are increasing, with aluminum being one of the most commonly used products for the manufacture of Aerosol cans, contributing to a rise in the price of the finished product. Also, High initial set-up costs results in higher commodity prices influencing the penetration rate of the product and high capital investments needed for the manufacture of Aerosol Can and limited technological developments in emerging economies is projected to restrict the growth.
Aerosol Can Market Landscape
Product Launches, Merger & Acquisition, joint ventures, and R&D activities are key strategies adopted by the players in the Aerosol Can Market Industry. Aerosol Can Market top 10 companies include Ball Corporation, CCL Industries Inc., Crown Holdings Inc., Ardagh Packaging Holdings Limited, Mauser Packaging Solutions, Colep Portugal S.A., Nampak Ltd., Euro Asia Packaging (Guangdong) Co. Ltd., Exal Corporation, Casablanca Industries Pvt. Ltd. and among others.
- In October 2020, Ball Corporation and Kroenke sports & Entertainment announced a global partnership for advanced sustainability in sports & entertainment by aluminum beverage packaging.
- In July 2020, CCL Industries Inc., has announced its acquisition of InTouch Label and Packaging Co., Inc., the enterprise value of transaction is approximately $10.9million.
Report Code: CMR 86047
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