Aerosol Cans Market is expected to generate an incremental $ opportunity of US$ 3.8 Bn between 2022 and 2030
Category: Packaging Published Date : July 2022 ID: CVC-00144-PKG Format: PDF Pages: 290
Aerosol Cans Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Aerosol Cans Market was worth US$ 10.7 Bn and is expected to grow at a CAGR of 3.9% over the forecast period. The market is expected to hit US$ 14.5 Bn by 2030 end.
Manufacturers are meeting the demand for customized packaging alternatives such as aerosol cans by incorporating new and creative goods such as inserting a plastic inner bag to separate products and fuels. The need for many personal care items packed in aerosol cans, such as deodorants and hair sprays, is increasing, which is likely to drive the growth of the worldwide aerosol cans market.
What factors are driving the increase in demand for aerosol cans?
Aerosol cans have great recyclability and reusability, which is a primary driver of market growth. Because they are constructed of glass, metals, or plastics, they may be infinitely recycled. Aerosol cans also allow Can users to save money on packaging while addressing disposal concerns at the same time. It is because aerosol cans are created per environmental rules and breakdown policies.
What opportunities exist in the Aerosol Cans Market?
Emerging economies are likely to contribute significantly to the global Aerosol Can market growth in the future. Favorable demographic regions, rising household incomes, changing consumer lifestyles, and living standards contribute to a growing preference for canned goods. As a result, the aerosol cans market in the countries is expanding. These causes triggered lifestyle changes that increased the demand for convenience in terms of packaging and use.
What are the primary obstacles that the Aerosol Cans Market faces?
Aerosol cans are convenient to use, but they cause problems when discarded. They may contain goods or fuels classified as hazardous waste when discarded. Cans that have not been completely emptied yet still retain some propellant. It might be deemed hazardous waste. The regulatory has issued guidance on properly disposing of partially opened aerosol cans.
Propane, carbon dioxide, and butane are the most common aerosol propellants. These type of greenhouse gas contributes to global warming and smog generation. Organizations have expressed concerns about the ozone layer and climate impact caused by aerosol propellants.
Why is it predicted that aluminum cans will grow at the fastest CAGR?
During the anticipated period, the aluminum material segment is expected to be the fastest expanding material section of the worldwide aerosol cans market. Aluminum is often regarded as the most desirable material for producing metal cans.
Another element driving market demand for aluminum aerosol cans is increased consumer awareness of environmentally friendly packaging choices. Because creating recycled aluminum uses less energy than making new metal, the method of recycling aluminum will be used in the production of aerosol cans.
Aluminum is preferable to other materials due to its lightweight and much higher recycling rates. It is simple to employ during the fabrication process. Aluminum cans play an important part in packaging since they are safer, easier, quicker, effective, and competent in canning various products. Aluminum aerosol cans are also environmentally friendly and long-lasting.
Why is the liquefied gas propellant category expected to develop the fastest during the projection period?
During the forecast period, the liquefied gas propellant type segment will likely be the fastest expanding type sector of the global aerosol cans market. If the product level drops in a liquid gas propellant, more propellant evaporates to maintain constant pressure in the region above the product. Because of this event, the Aerosol can retain the spray’s performance throughout its lifetime. It is because liquefied gas fuel is the fastest increasing type segment.
Which End-Use segment will likely grow the most rapidly throughout the forecast period?
During the anticipated period, the personal care end-use segment is expected to be the fastest expanding end-use sector in the worldwide aerosol cans market. Personal care items are frequently found in the health and beauty areas.
Deodorants, fragrances, facial makeup, hair colors, and toothpaste are available in the health and beauty area. Aerosol cans are used for storage and transportation in various forms and sizes. Because aerosol cans take up less room, they are perfect for usage in the retail industry.
Why is the Europe region cementing its global dominance in the Aerosol Cans Market?
Europe is predicted to grow steadily over the projection period, with major economies like Germany and the United Kingdom leading the way. The emphasis on reducing packaging waste is expected to stimulate the development of the aerosol cans business in Europe.
Furthermore, reducing cost-effectiveness and reducing waste by increasing product shelf-life will benefit the market.
Which region has promising opportunities in the Aerosol Cans market?
Because of increasing consumer income and greater industrialization, expansion in the convenience food business, enhanced manufacturing activities, increased disposable income, increased consumption levels, and changes in retail sales, the Asia Pacific area controls the highest market shares.
The global Aerosol can market is moderately consolidated, with only a few international and regional competitors. To increase their market position, these organizations have implemented a variety of growth tactics. Acquisitions, expansions, new product developments, and partnerships/collaborations/agreements are the primary growth tactics used by these players to improve their product portfolio and regional presence to meet the rising demand for aerosol cans from emerging economies.
Some of the key developments that have taken place in the Aerosol Cans Market include:
A list of some of the critical suppliers present in the market are:
Market Segments Covered in Report
By Product Type:
By Region and Country:
Global Aerosol Cans Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Material, Product Type, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|