With growing demand for convenient packaging across various industries such as personal care, homecare and pharmaceutical, aerosol cans have emerged as a popular packaging solution. Aerosol cans allow for uniform and consistent dispensing of products in a targeted stream through pressurized propellants. They are easy to use, resealable and compact which make them ideal for personal and household products.
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, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The demand for aerosol cans has been rising steadily over the past few years driven by growing demand for convenient packaging formats. Personal care products such as deodorants, hairsprays and cosmetic products dominate the aerosol cans market. Rising disposable incomes and changing lifestyles have been fueling the sales of personal care products which in turn is driving the growth of aerosol cans market. Moreover, aerosol cans allow for uniform and consistent dispensing of viscous products easily which makes them suitable for various applications. This advantage along with resealable and compact nature is encouraging manufacturers across industries to opt for aerosol packaging. The aerosol cans market is expected to continue benefiting from growing product applications going forward.
Segment Analysis
The global aerosol cans market is dominated by the aluminum segment. Aluminum provides excellent barrier properties that help protect the formulated products from oxygen, moisture, and other external factors. Its lightweight and malleability allow aluminum to be shaped into any form during manufacturing. Aluminum being fully recyclable also gains preference among manufacturers. The growing demand for personal care and household products is fueling the uptake of aluminum cans in the aerosol packaging market.
Key Takeaways
The global Aerosol Cans Market Size is expected to witness high growth over the forecast period from 2024 to 2031. With rapid urbanization and changing lifestyles, the demand for personal care products and household items is increasing globally. The personal care segment holds the largest share of the aerosol cans market and is expected to maintain its dominance during the analysis period. 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.
Regional analysis: North America currently accounts for the largest share of the aerosol cans market owing to the well-established personal care and cosmetics industry and high living standards in countries like the US and Canada. However, Asia Pacific is projected to lead the market over the coming years credit to rising incomes, growing middle-class population, and expanding retail infrastructure in India and China.
Key players: Key players operating in the aerosol cans market include 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. These companies are focusing on strengthening their production capabilities and distribution networks to better cater to the surging demand from personal care, household and industrial end-use industries.
Explore more related article on this topic: https://www.ukwebwire.com/aerosol-cans-market-driven-by-rising-demand-from-personal-care-cosmetic/
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