April 24, 2024
Aerosol Cans Market

Aerosol Cans Market: Market Dynamics and Industry Insights

The aerosol cans market comprises aluminium and steel cans with a compressed propellant inside that allows the product stored within to be dispensed as an aerosol spray or foam. Aerosol cans provide easy, consistent and portable delivery of products like deodorants, hair sprays, air fresheners, insecticides and cleaners. The growing need for personal grooming and household cleaning products has boosted the demand for aerosol packaging globally.

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.

Key Takeaways

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. Key players are focusing on capacity expansion plans and new product launches to strengthen their market position.
The demand for Aerosol Cans Market Growth is growing due to the expanding personal care and home care sectors. Rising incomes have increased consumer spending on personal grooming and household cleaning products. New product innovations catering to changing consumer preferences are also driving sales of aerosol products.
Global manufacturers are exploring emerging markets in Asia Pacific and Latin America to tap the high-growth potential. Several developing nations are witnessing rising living standards and growing middle-class populations, making them lucrative markets for consumer goods. Countries like India, Indonesia, Brazil and Mexico are likely to emerge as key revenue generators for aerosol can suppliers.

Market key trends

One of the key trends gaining traction in the Aerosol Cans market is the increasing use of aluminium as a can material. Aluminum provides excellent barrier properties, is lightweight and highly recyclable. The growing emphasis on sustainability is prompting brands to switch to aluminum cans from steel variants. Consumers are also willing to pay premium prices for products packaged in recycled aluminum. This shift towards aluminum cans is expected to continue and accelerate over the forecast period.

Porter’s Analysis

Threat of new entrants: New entrants face high capital requirements to build production plants and distribution networks in this market.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of product substitutes.

Bargaining power of suppliers: Suppliers have moderate power due to differentiated inputs and customer switching costs.

Threat of new substitutes: Substitute products like pouches and bottles pose minimal threat due to product preferences for aerosol packaging.

Competitive rivalry: Intense competition exists among existing players to gain market share.

Geographical regions with high market value

North America accounts for the largest share of the aerosol cans market, in terms of value. Growth in industries such as personal care & cosmetics, home care, and automotive refinish coatings is driving the demand for aerosol cans in the region. Rising consumer preference for easy-to-use, portable, and compact packaging is also driving the market.

Fastest Growing Geographical Region

Asia Pacific is projected to be the fastest-growing market during the forecast period. Rapid industrialization, growing populations, and rising disposable incomes are driving the demand for aerosol products in industries such as personal care & cosmetics and household in the region. Additionally, emerging economies such as China and India offer lucrative growth opportunities with their expanding middle-class population.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research.
2. We have leveraged AI tools to mine information and compile it.