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Global Aerosol Can Market Size study & Forecast, by Type, by Product, by Material, by End Use Sector and Regional Analysis, 2024-2032

Global Aerosol Can Market Size study & Forecast, by Type,...

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Global Aerosol Can Market Size study & Forecast, by Type, by Product, by Material, by End Use Sector and Regional Analysis, 2024-2032
Global Aerosol Can Market Size...
Report Code
RO3/103/2433

Publish Date
06/Sep/2024

Pages
200
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Global Aerosol Can Market is valued at approximately USD 10.77 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.00% during the forecast period 2024-2032. An Aerosol Can constitutes a self-contained dispensing mechanism wherein a substance is enclosed within a small metal canister and dispensed as a fine mist, spray, or foam. Comprising five essential components, this compact dispensing system operates synergistically to ensure uniform product delivery. The major market driver is considered as the Growth of the Cosmetic and Personal care Industry where the consumers are becoming more aware of grooming themselves due to the availability of disposable income. Moreover, the high usage of spray paints in the automotive and Packaging industry is also a factor contributing to driving the Aerosol Can Market.

The rise in disposable income among consumers prompts heightened attention to personal care, particularly within developing nations. The U.S. Bureau of Labor Statistics reported that, in 2022, The average annual expenditures for all consumer units increased by 9.0% compared to 2021. During this period, the Consumer Price Index for All Urban Consumers rose by 8.0%, while average income before taxes increased by 7.5%. To highlight, there was a 12.3% increase in spending on personal care products and services. Countries with emerging economies have significant potential in penetrating the Aerosol Can Market due to urbanization and the changing lifestyle of the consumers. Technological advancements have facilitated the recyclability of steel cans, thereby potentially catalyzing market growth during the forecast period.. However, the environmental impact of the Aerosol Cans is unavoidable, which produce hazardous waste if it is recycled properly, and can be subjected to the regulations posing a challenge to the growth of the market during the forecast period 2022-2030.

The key regions considered for the Global Aerosol Can Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022,

due to heightened consumer awareness regarding health and grooming products, coupled with their utilization to enhance overall well-being, there has been an increase in their usage in this region. Asia Pacific is expected to grow significantly over the forecast period, due to various factors, including the emergence of a robust economy with a well-educated consumer base adopting novel lifestyles and habits, the market has been able to penetrate effectively within this region.

Major market player included in this report are:
Ball Corporation
Trivium Packaging
Crown Holdings Inc.
Mauser Packaging Solutions
Toyo Seikan Co, Ltd.
CCL Industries
Sonoco Products Company
Nampak Ltd.
Alucon Public Company Limited
Hindustan Tin Works Ltd.
Recent Developments in the Market:
In December 2023, Mauser Packaging Solutions Intermediate Company, Inc. (Mauser) has concluded a definitive agreement to acquire all newly issued shares, representing 100% of the voting shares, of Taenza, S.A. de C.V. (Taenza). Specializing in the production of aerosol cans, tin-steel general line products, sanitary items, and steel pails, Taenza operates within the manufacturing sector in Mexico. Mauser anticipates this transaction to yield significant strategic advantages.
In February 2022, Trivium has earmarked a USD 40 million investment to enhance production capacities for aluminum aerosol cans and beverage bottles across its facilities located in the United States and Brazil.This initiative stems from enduring partnerships with key customers in the Aerosol and Beverage sectors, who recognize the benefits of metal packaging and align with Trivium's environmental preservation goals.
In June 2022, Ball Corporation introduced a novel aluminium aerosol can with a reduced carbon footprint. The newly introduced Ball aerosol can boast a weight reduction of 30% compared to a standard aluminium can, while maintaining its strength and structural integrity entirely.
Global Aerosol Can Market Report Scope:
Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2024-2032
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Product, Material, End Use Sector, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Liquified Gas Propellant
Compressed Gas Propellant
By Product:
1-Piece Cans
3-Piece Cans
By Material:
Steel
Aluminum
Plastic
Others
By End Use Sector:
Personal Care
Household Care
Healthcare
Automotive
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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