Global Aerosol Cans Market is Anticipated to Create Billion Dollar Opportunities in Packaging Industry
The global aerosol cans market continues on a striking course, with worldwide sales assessed to increase by nearly 1.2x by 2027 over 2019, according to a recent study published by Fact.MR. The implementation of fresh and innovative products such as the incorporation of a plastic inner bag to keep product and propellant separate is enabling manufacturers to meet the demand for tailored packaging alternatives such as aerosol cans. There is an increase in the demand for several personal care products packed in aerosol cans, including deodorants and hair sprays which is expected to boost the growth of global aerosol cans market. The presence of established retailers requiring fast-moving consumer goods (FMCG) companies to innovate in packaging solutions is expected to drive the market. The burgeoning cosmetics and personal care industry is another factor responsible for the growth of the global aerosol cans market. Furthermore, the rapid adoption of spray paints in the automotive industry for maintenance and personalization purposes and in the food packaging industry is creating numerous opportunities for the growth of the global aerosol cans market.
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Another factor driving demand for aluminum aerosol cans in the market is the growing awareness of environmentally friendly packaging alternatives. As producing recycled aluminum is more energy efficient than new aluminum, the practice of recycling aluminum is to be used for the manufacturing of aerosol cans. Steel and aluminum aerosol cans are made up of 100% recyclable material. Manufacturers prefer aluminum aerosol cans as aluminum is a so-called continuous material, which can be recycled endlessly without any loss of quality.
Personal Care & Cosmetics to Garner the Maximum Share within the Application Segment
Rapidly increasing demand for aerosol cans across the developing countries of Asia Pacific and Latin America are likely to create remunerative opportunities for key manufacturers in global aerosol cans market. Moreover, volume sales of styling agents remain horizontal globally, as consumers prefer other styling products, coming in a different packaging.
The growing aging population, combined with higher disposable income, contributes to the development of the worldwide personal care industry. The recent launch of packaging steel is being widely used in the production of aerosol cans. Skincare and toiletries, followed by hair care and fragrances, stay the most significant product categories. In personal care and cosmetics, metal aerosol cans are on the increase and are predicted to see further development. With Brazil and India, the most significant contributors to growth, deodorants dominate beauty aerosol applications. Aerosol cans are also competing with spray options in hair styling agents. The increasingly competitive environment leads brand owners and packaging suppliers to innovate with more environmentally friendly packaging, while at the same time providing differentiation on shelves.
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Europe to Remain the Most Lucrative Pocket during the Forecast Period
Europe is expected to record stable growth over the forecast period with developed economies such as Germany and the United Kingdom leading from the front. It is anticipated that the focus on decreasing packaging waste will boost the development of the aerosol cans industry in Europe. In addition, cost-effectiveness and the reduction of waste by enhancing the product’s shelf-life will also give the market a boost. In the U.K., there were more than two billion cans produced by manufacturers who dominated the personal care industry. Countries such as France and Spain reacted favorably to changing fashion trends and adopted the format of aerosol cans packaging. The continuous gain in the personal care segment is primarily due to the continuous rise in the manufacturing of hair mousses, antiperspirants & deodorants, and shaving gels that have shown steady growth over the years.
Recycling Activities Will Append Aerosol Cans in the Ambit of Universal Waste Regulations
Aerosol cans are commonly used to supply a wide variety of products, including pesticides, solvents, paints, personal care and food products and many others. The Consumer Specialty Products Association (CSPA) estimates that more than three billion aerosol cans were utilized for household, business, and industrial use in the United States. Aerosol cans accounted for almost 45% of retail products that are managed in big retail centers as dangerous waste. The EPA proposes adding hazardous waste aerosol cans to those controlled “universal waste.” Once completed, the regulatory expenses of a broad range of aerosol cans generation and management facilities can be reduced in the retail sector.
Aerosol Cans Market – New Areas of Application
The market for aerosols cans is strongly consolidated with the presence of a few major players on the market. As the aerosol cans market is price-sensitive, so it is difficult to sustain the market, and there are a large number of barriers to entry. New competitors are developing double-bag systems that allow the formulators to keep the product separate. Some of the other developments occurring in the global aerosol cans market are:
In 2019, Ball Corporation launched a fresh technology offering creative shapes to generate client appeal at every angle of the can by introducing its custom aerosol cans at the ADF&PCD exhibition in Paris.
In 2018, Colep worked with Henkel AG to supply the hairstyling professional brand Syoss with lightweight tinplate cans. The aerosol cans supplier developed the new packaging solution in a move to provide a more balanced packaging solution that uses fewer materials, less energy, and less water for customers.
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