by Aerosol cans are pressurized metal containers used to dispense various products in an atomized form. They are widely used for packaging personal care products such as hair sprays, deodorants, room fresheners, household cleaners, and food products among others. Aerosol cans provide effective product distribution and convenient handling for consumers. The rising demand for personal care and homecare products is driving the growth of the aerosol cans 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.
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.
The key opportunities in the market include growing demand from emerging economies of Asia Pacific and Latin America. Several countries in these regions are witnessing rising disposable income and changing lifestyles leading to increased consumption of personal care products.
Technological advancements such as the development of eco-friendly aerosol products using propellants other than chlorofluorocarbons (CFCs) are further expected to drive the demand. CFC-free aerosol cans are being widely adopted owing to stringent environmental regulations.
Market Drivers
The rising demand from the personal care industry is a major market driver. Growing focus on personal grooming and appearance coupled with increasing disposable incomes has been fueling the sales of deodorants, shampoos, hair sprays and other personal care products that employ aerosol packaging. Rapid urbanization is also expected to boost the uptake of homecare and personal care products in developing nations thereby driving the aerosol cans market.
Challenges in the Aerosol Cans Market
The Aerosol Cans Market is facing challenges like rising raw material prices and stringent government regulations regarding volatile organic compound emissions. Raw materials used in manufacturing aerosol cans like steel, aluminum and paints have witnessed a significant price rise in recent times putting pressure on margins. Further, various governments across regions have imposed strict norms on VOC emissions from paints, adhesives and other chemical products packaged in aerosol cans. Non-compliance can attract heavy penalties forcing companies to invest in newer technologies to curb emissions.
SWOT ANALYSIS
Strength: Durable and portable packaging solution for various consumer and industrial products. Wide application base across paints, personal care, household and automotive industry.
Weakness: Raw material price volatility poses margin risk. Concerns over increasing scrap generated from steel and aluminum cans.
Opportunity: Shift towards sustainable materials like bioplastics for valves and actuators present new opportunities. Growing Do-It-Yourself culture and focus on home improvement post pandemic boosting demand.
Threats: Stringent regulations on VOC emissions require investment in newer technologies. Rising environmental consciousness and ban of plastic caps in some regions pose challenge.
Europe currently holds the largest share in the global aerosol cans market in terms of value due to strong personal care and paints industry. North America is another major region driven by DIY culture and home improvement activities. However, Asia Pacific is witnessing the fastest growth on back of burgeoning middle class population, economic development and increased spending on cosmetics and grooming products. China dominates the APAC market
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals.
