The Global Aerosol Cans Market size is expected to reach $14.5 billion by 2030, rising at a market growth of 3.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 20,979.1 million units experiencing a growth of 4.0% (2019-2022).
Many personal care products are available in travel-sized aerosol cans, making them convenient for consumers on the go. Manufacturers can easily customize these cans through printing and labeling to communicate their brand identity and product information effectively. Consequently, the Personal Care segment would generate approximately 1/2th share of the market by 2030. It provides a convenient and precise way to dispense products like deodorants, hairsprays, and body sprays. The fine mist they produce ensures even and efficient application, which is essential for personal care products. Aerosol cans help extend the shelf life of products by protecting them from exposure to air and contaminants. This is especially important for cosmetics and personal care items that may deteriorate over time. Some of the factors affecting the market are emerging economics offer high growth potential, recyclability of aerosol cans, and availability of alternatives packaging and price.
Emerging economies often experience rapid urbanization and a growing middle class, leading to increased consumption and demand for various products. As disposable income levels rise in emerging economies, consumers have greater purchasing power, enabling them to afford a broader range of products, many of which are packaged in aerosol cans. The shift from rural to urban living is a common trend in emerging economies. Urban environments rely more on convenience and packaged products, driving the demand for aerosol cans. Moreover, as global awareness of environmental issues and sustainability increases, consumers and businesses are seeking packaging solutions that have a reduced environmental impact. Recyclable aerosol can align with these sustainability goals. Many consumers prefer products in recyclable packaging. They are more likely to choose eco-friendly products that can be easily recycled after use. As consumers, manufacturers, and governments increasingly prioritize recycling and sustainability efforts, recyclable aerosol cans have become a prominent market feature and are driving its growth.
However, Alternative packaging options, such as plastic bottles, glass containers, and pouches, compete with aerosol cans for market share. These alternatives are preferred for specific products based on factors like cost, sustainability, or functionality. Depending on factors like production materials and processes, alternatives can sometimes be more cost-effective than aerosol cans. Cost-conscious consumers and businesses may opt for these alternatives. Sustainable packaging alternatives, such as biodegradable or compostable materials, are preferred by environmentally conscious consumers and brands. The environmental impact of aerosol cans, especially with certain propellants, can be a concern. Due to the aspects mentioned above, the market growth will decline in the coming years.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
On the basis of type, the market is segmented into liquefied gas and compressed gas. The compressed gas segment acquired a substantial revenue share in the market in 2022. Compressed gas propellants are generally considered safe because they are non-flammable or have low flammability. This safety characteristic reduces the risk of fire or explosion when the aerosol can is used correctly. Compressed gas propellants provide consistent pressure, ensuring that the product dispenses with a reliable and predictable flow rate. This is important for maintaining product quality and user satisfaction. Some compressed gases used as propellants, such as nitrogen (N2), are environmentally friendly and do not contribute to ozone layer depletion or have a significant impact on global warming.
Based on product type, the market is fragmented into 1-piece cans and 3-piece cans. In 2022, the 1-piece cans segment held the highest revenue share in the market. Monobloc cans have a seamless design since they are manufactured as a single piece. This eliminates the need for a separate seam or joint, which can be a potential point of weakness or leakage in two-piece cans. The seamless design provides enhanced product integrity and safety. The seamless construction of monobloc cans reduces the risk of leaks, ensuring that the contents of the aerosol can remain sealed and protected until use. This can result in cost savings for manufacturers. Monobloc cans can be made from materials resistant to corrosion, making them suitable for products that require long-term storage or use in challenging environmental conditions.
By material, the market is categorized into steel, aluminum, plastic, and others. The steel segment recorded a remarkable revenue share in the market in 2022. Steel is an exceptionally durable material, providing robust protection for the contents of aerosol cans. Steel cans are highly resistant to impact, making them suitable for products that may be exposed to rough handling during storage, transport, or use. Steel is a non-reactive material that doesn't interact with the contents of the aerosol can, ensuring product safety and quality. This is important for products like food, pharmaceuticals, and industrial chemicals. They are commonly used for industrial and commercial products, as well as consumer goods, where these characteristics are highly valued.
On the basis end-use, the market is classified into personal care, household care, healthcare, automotive, and others. In 2022, the personal care segment generated the largest revenue share in the market. Aerosol cans are a popular choice for packaging deodorants and antiperspirants. Shaving foams, gels, and creams are often packaged in aerosol cans. The foam created by aerosols helps to soften hair and lubricate the skin, facilitating a smooth and comfortable shave. Aerosol cans are favored in personal care because they offer controlled and hygienic dispensing, reduce waste, and ensure that the product remains sealed until use. They are also ideal for products that require even and precise application, allowing users to achieve the desired results with ease and convenience.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 10.9 Billion |
| Market size forecast in 2030 | USD 14.5 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 3.7% from 2023 to 2030 |
| Number of Pages | 409 |
| Number of Table | 890 | Quantitative Data | Volume in Units, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, Product Type, Material, End-use, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The Europe region acquired a substantial revenue share in the market in 2022. The increasing use of aerosol cans in the deodorants and perfume industry is a significant growth factor for the market in European countries such as France. The French fragrance industry is one of the most popular segments in the global cosmetics industry. The fragrance market in France has witnessed substantial growth over recent years. The United Kingdom is undergoing demand for aerosol cans with rising income, ease, and convenience. The end-user industries demand aerosol cans, owing to their low environmental impact due to the increasing environmental concerns. The elevated recyclability of aerosol cans is one of the substantial drivers for the market studied.
Free Valuable Insights: Global Aerosol Cans Market size to reach USD 14.5 Billion by 2030
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Amcor Plc, Mondi Plc, The International Paper Company, DS Smith Plc., Rengo Co., Ltd., Sealed Air Corporation, Berry Global Group, Inc., CCL Industries Ltd., Sonoco Products Company, and Smurfit Kappa Group plc.
By Type (Volume, Million Units, USD Million, 2019-2030)
By Product Type (Volume, Million Units, USD Million, 2019-2030)
By Material (Volume, Million Units, USD Million, 2019-2030)
By End-use (Volume, Million Units, USD Million, 2019-2030)
By Geography (Volume, Million Units, USD Million, 2019-2030)
This Market size is expected to reach $14.5 billion by 2030.
Emerging economies offer high growth potential are driving the Market in coming years, however, Availability of alternatives of packaging and price restraints the growth of the Market.
Amcor Plc, Mondi Plc, The International Paper Company, DS Smith Plc., Rengo Co., Ltd., Sealed Air Corporation, Berry Global Group, Inc., CCL Industries Ltd., Sonoco Products Company, and Smurfit Kappa Group plc.
In the year 2022, the market attained a volume of 20,979.1 million units experiencing a growth of 4.0% (2019-2022).
The Aluminum segment is leading the Market by Material in 2022, thereby achieving a market value of $8.5 billion by 2030.
The North America region dominated the Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.6 billion by 2030.
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