by Aerosol cans are pressurized containers that are designed to dispense substances such as paints, cleaning products, personal care products, food products. They are ideal for delivering various kinds of substances as a compressed gas or a liquefied gas propels the substance in a finely divided form upon actuation. Aerosol products are used widely across industries such as personal care & cosmetics, household, automotive, healthcare, and agriculture. The personal care and cosmetics industry has seen steady growth rates over the past few decades and has emerged as a key end-user of aerosol cans. This is owing to the rising demand for deodorants, hair sprays and gels, dry shampoos, and other personal care products in aerosol packaging. Additionally, protective characteristics offered by aerosol packaging in terms of preventing contamination of product contents makes it suitable for various cosmetic and personal care applications.
The global Aerosol Cans Market is estimated to be valued at US$ 21.36 Mn in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends
One of the key trends gaining traction in the aerosol cans market is the rising demand for eco-friendly and sustainably packaged personal care products. Companies are investing more in developing aluminum cans that use less material, as aluminum production is a highly energy-intensive process. Lightweighting of aerosol cans by reducing can weights while maintaining structural integrity is a major focus area. Players are coming up with innovative designs to reduce aluminum usage by 15-20% per can. Furthermore, manufacturers are focusing on increasing the usage of post-consumer recycled aluminum content to produce cans. There is also a rise in demand for plastic-coated aluminum cans as they allow for more product designs and graphics while being 100% recyclable. Such trends are expected to drive the demand for sustainable aerosol packaging solutions over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate in the aerosol cans market. High capital requirements and knowledge barriers protect the industry from new competition. However, low brand loyalty facilitates entry of new local players in emerging markets.
Bargaining power of buyers: The bargaining power of buyers is moderate in the aerosol cans market. Large retail buyers can negotiate lower prices from suppliers but product differentiation restricts full substitution between competing brands.
Bargaining power of suppliers: The bargaining power of suppliers is moderate. Raw material suppliers have some bargaining power due to consolidated sourcing by existing players. However, the supplier base is fragmented reducing dependence on individual suppliers.
Threat of new substitutes: The threat of substitutes is low. Though pouches and other alternative packages are available, aerosol cans are still most convenient for spraying applications across industries. Alternative packages lack certain functional advantages of aerosol cans.
Competitive rivalry: The aerosol cans market features strong competition among major global players. Players compete based on product quality, innovation, and pricing.
Key Takeaways
The global Aerosol Cans Market Size is expected to witness high growth. The demand for aerosol packaging from household, personal care, automotive and other industrial sectors drives the market. The global Aerosol Cans Market is estimated to be valued at US$ 21.36 Mn in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031.
Regional analysis: North America accounts for the largest share in the global aerosol cans market led by the US and Canada. This is attributed to robust demand from household, automotive and personal care sectors in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period with China and India emerging as highly lucrative markets.
Key players: Key players operating in the Aerosol Cans Market are BASF S.E., Suez S.A., Kemira OYJ, BWA Water Additives, Ecolab Inc., Cortec Corporation, DowDuPont Inc., Baker Huges Incorporated, Akzo Nobel N.V., and Solenis LLC. These players are focusing on capacity expansion and new product launches catering to diverse end-use applications.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
