Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.88 Billion | USD 18.08 Billion | 5.81% | 2023 |
The global aerosol cans market size was worth around USD 10.08 billion in 2023 and is predicted to grow to around USD 18.08 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.81% between 2024 and 2032.
Increasing demand from end-use industries such as cosmetic & personal care, food & beverages, and the health care sector is very much evident. Almost 58.6% of the market was occupied by the personal care industry in 2018; growth in this sector shows potential growth of aerosol cans. The consumption of aerosol cans is increasing due to factors such as increasing disposable incomes, changing consumption lifestyles, product presentation and differentiation, and growing demand for products of personal care, such as deodorants, hair sprays, and face & body creams.
In addition, the retail sector, which now experiences a shift from unorganized to organized retail, will increase the demand for aerosol cans over the foreseeable years.
Based on material, the market is classified into plastic, steel, aluminum, and others. Among these, aluminum held a major chunk of the global market owing to increased demand for deodorants, hair sprays, and other medical spray products. This segment is anticipated to witness the fastest growth over the forecast period.
Based on type, the market is bifurcated into shaped, straight walls, and necked in. The necked-in segment accounted for the largest market share; however, the shaped segment is projected to witness the fastest CAGR over the forecast period. Increasing usage of aerosol cans in medical sprays is driving the growth of the necked-in segment. Necked-in aerosol cans are ergonomic and cost-effective in terms of usage and production.
Considering the type of propellant, the liquefied gas propellant segment dominated the global market in 2018 with more than three-fourths of the total market. This segment is however expected to witness declining growth over the forecast period. Increasing demand for compressed gas-based propellants across the paints & coatings industry is expected to boost the demand for compressed gas propellants over the coming years.
Based on end users, the personal care segment succeeded in dominating the global market in 2018 owing to the rising demand for aerosol cans from antiperspirants and deodorant manufacturers. Additionally, rising disposable incomes, an increasing number of deodorant manufacturers as well as rising competition in the personal care industry are leading to an increased usage of aerosol cans. The industrial segment is projected to foresee significant growth, especially in the Asia Pacific and Latin American regions owing to rapid industrialization as well as the increasing inclination of manufacturing companies in these regions.
Report Attributes | Report Details |
---|---|
Report Name | Aerosol Cans Market |
Market Size in 2023 | USD 10.88 Billion |
Market Forecast in 2032 | USD 18.08 Billion |
Growth Rate | CAGR of 5.81% |
Number of Pages | 110 |
Key Companies Covered | Ball Corporation, Crown Holdings Inc., BWAY Corporation, Spray Products Crop., MidasCare Pharmaceuticals Pvt. Ltd., DS Containers, Inc., Aerobal, S.A. de C.V., ITW Sexton Can Company Inc., Aero-pack Industries, Inc., and Avon Crowncaps & Containers (Nig.) Plc among others |
Segments Covered | By Material, By Type, By Propellant Type, By End User and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe is projected to record a stable growth over the forecast period. Concentrating on the reduction of packaging waste, the aerosol cans market is expected to increase in Europe. In addition, cost-efficiency and waste reduction by enhancing the product's shelf life are also expected to bolster market growth. AEROBAL annually promotes innovative ideas for aerosol cans through the World Aluminum Aerosol Can Award. In 2018 in Düsseldorf where Tubex, a German aerosol can manufacturer won the award for its personal care product: Nivea Body Mousse.
Countries such as Spain and France have responded positively to the changing fashion trends and have adopted the format for aerosol can packaging. The steady increase in personal care industry is mainly due to the steady growth in the production of hair mousses, deodorants/antiperspirants, and shaving gels. As a result of economic growth in Asian countries such as China & India, the demand for aerosol cans is expected to be higher than average over the next 7 years. The Asia Pacific is, however, anticipated to foresee the fastest growth of nearly 4.3% in the global market.
The global aerosol cans market is dominated by players like:
Global Aerosol Cans Market: Material Segment Analysis
Global Aerosol Cans Market: Type Segment Analysis
Global Aerosol Cans Market: Propellant Type Segment Analysis
Global Aerosol Cans Market: End User Segment Analysis
Global Aerosol Cans Market: Regional Segment Analysis
FrequentlyAsked Questions
Aerosol cans are pressurized containers that are employed to disperse liquids, powders, or gels in a thin mist, spray, or foam form. They are frequently employed in a diverse array of products, such as domestic cleaners, paints, insecticides, personal care items (such as deodorants and hair sprays), and medical products (such as inhalers).
The significant driver is the increasing consumption of personal care products, including deodorants, hair sprays, and shaving lotions. The convenience and efficacy of aerosol cans in delivering a fine, even spray are the primary reasons why these products are frequently packaged in them.
The global aerosol cans market size was worth around USD 10.08 billion in 2023 and is predicted to grow to around USD 18.08 billion by 2032.
The global aerosol cans market a compound annual growth rate (CAGR) of roughly 5.81% between 2024 and 2032.
Europe is projected to record a stable growth over the forecast period. Concentrating on the reduction of packaging waste, the aerosol cans market is expected to increase in Europe. In addition, cost-efficiency and waste reduction by enhancing the product's shelf life are also expected to bolster market growth. AEROBAL annually promotes innovative ideas for aerosol cans through the World Aluminum Aerosol Can Award.
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