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According to the new market research report “Aerosol Cans Market by Material (Aluminium, Steel, and Plastic), Product Type (Necked-in, Straight wall, and Shaped), Propellant Type (Liquefied Gas, and Compressed Gas), End-use Sector, and Region – Global Forecast to 2021″, The aerosol cans market size is projected to grow from USD 8.74 billion in 2015 to reach USD 10.93 billion by 2021, at a CAGR of 3.9%.
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The recyclability and reusability of aerosol cans act as an important driver for the growth of the market. Being made from metals, glass, or plastics (such as PET), these cans are infinitely recyclable. It also helps can users in obtaining a cost advantage in packaging, while at the same time addressing concerns about disposability, as they are manufactured in accordance with environmental regulations for decomposition. Additionally, recycling metal cans can save up to 74% of energy, leading to reduced energy consumption in product recycling. As a result, recycled cans are priced cheaper than newly manufactured cans.
The aerosol can industry has undergone many changes and advancements in terms of the technologies and applications. Materials that are used in the manufacture of aerosol cans are relatively more expensive than their traditional alternatives. In addition to that, manufacturing cost also adds to the total cost of the product, along with disposing cost. For applications that do not necessarily require spray dispensing, cheaper alternatives in the form of tube, thermoform, other flexible packages, and rigid plastic and metal packages. For spray applications, aerosol cans are being replaced by refillable spray bottles. Moreover, refillable spray bottles are cheaper in comparison to aerosol cans, as they do not need disposing. This also makes them more environmentally friendly. This factor might restrict the growth of this market during the forecast period. Furthermore, the prices of aluminum are rising; with aluminum being one of the most used materials for manufacturing aerosol cans, this will lead to an increase in the price of the final product. This increased price of the aerosol can may give the manufacturers a need to find alternatives.
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The aerosol cans market is witnessing an increase in demand from end-use industries such as cosmetic & personal care, food & beverages, and healthcare. The personal care industry accounted for nearly 58.6% of the aerosol cans market; growth in this industry highlights the growth potential for aerosol cans. Factors such as rising disposable income, change in consumer lifestyles, product presentation & differentiation, and rising demand for personal care products such as deodorants, hair sprays, and face & body creams will increase the consumption of aerosol cans. The retail industry, which is currently witnessing a shift from unorganized to organized retail, will also augment the demand for aerosol cans.
The aerosol cans market is growing rapidly in accordance with the growth in the packaging market, globally. Factors such as portability, recyclability, and growth in demand for personal care products have largely contributed to the growth of the aerosol cans market. This market is classified on the basis of product type, material type, propellant type, end-use sector, and region. It has experienced continuous progress with regard to technological advances and innovations in the packaging industry. According to MarketsandMarkets, the global market for aerosol cans, in terms of value, is projected to reach USD 10.93 billion by 2021, at a CAGR of 3.9%.
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Asia-Pacific, Europe, the Americas, and emerging markets. Crown Holdings is among the leading manufacturers of aerosol cans for many of the markets it serves. In April 2015, Crown Holdings, Inc. through its subsidiary, Crown Aerosol Packaging North America (U.S.), entered into a partnership with Unilever (U.K.), to introduce its new hair-spray line. This partnership expanded Crown’s business horizon in U.K., increased its local talent pool, and widened its product portfolio.
Ardagh Packaging Holdings Limited (Luxembourg) is engaged in the production and distribution of glass and metal packaging products. It manufactures and delivers a broad range of metal and glass packaging products. Ardagh Packaging Holdings Limited adopted new product launches to gain a competitive advantage in the market. In December 2016, Ardagh launched a distinctly shaped aerosol can for L’Oreal’s Puma branded cosmetic products. The 150 ml cans were designed to contain a range of deodorant body sprays. This helped Ardagh to cater to the needs of customers, and expand its product portfolio by offering extensive range of deodorant body sprays.
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