Aerosol cans are metal containers equipped with valves that dispense their contents in an atomized spray. They are widely used in several industries including personal care, household care, automotive, food and beverages and healthcare. Aerosol cans allow for easy and uniform application of sprays which makes them popular for products ranging from deodorants and hair sprays to cleaning solutions, paints and medicines. The aluminum material used in cans provides a protective barrier to contents while being lightweight and recyclable. The global aerosol cans market is estimated to be valued at US$ 18.54 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period of 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The rising demand across industries owing to the convenience of aerosol packaging represents the primary driver for the aerosol cans market. Aerosols allow for precise dosing without spillage thus increasing preference among household and personal care sectors. Additionally, the growing automotive refinish paints market along with increasing consumption of personal grooming products such as deodorants, dry shampoos and hair sprays especially in developing regions of Asia Pacific and Latin America will support the business opportunities for aerosol cans over the forecast period.
SWOT Analysis
Strength:
Aerosol cans are widely used packaging solution for various end-use industries such as personal care, home care, healthcare, automotive, etc. They offer effective sealing and prevent contamination of the product. Moreover, aerosol cans provide ease of use as they allow consumers to dispense the product in a controlled manner.
Weakness:
High costs associated with manufacturing and raw materials of aerosol cans. Regulations regarding propellants used in aerosol cans are becoming stringent which increases compliance costs. Storage and transportation of pressurized aerosol cans also requires special equipment and handling.
Opportunity:
Growing demand for packaged and convenience products from increasing health-conscious population especially in developing countries. Personal care product manufacturers are introducing innovative products in aerosol cans to target new customers.
Threats:
Availability of alternative packaging solutions such as pumps and trigger spray reduces the attractiveness of aerosol cans. Strict regulatory norms around the globe to ban hydrofluorocarbons (HFCs) propellants used in aerosol cans pose challenges.
Key Takeaways
The Global Aerosol Cans Market Size is expected to witness high growth over the forecast period of 2023-2030. Regional analysis indicates that Asia Pacific region currently dominates the market and is expected to continue its dominance over the forecast period due to high consumption of packaged consumer goods in countries like India and China. Key players operating in this region include LG Chem, Hanmi Pharmaceutical Co., Ltd., Boryung Pharmaceutical Co., Ltd., Novartis AG, EirGenix, Inc., Biocon Limited, G.L. Pharma GmbH, Daewoong Pharmaceutical Co., Ltd., Sandoz International GmbH and Boryung Pharmaceutical Co., Ltd.
The global aerosol cans market provides immense opportunities for key players. Personal care and beauty brands are introducing premium products in innovative aerosol packaging to target luxury segment. Additionally, recyclability and sustainability have become top priorities for packaging manufacturers as well as end-use industries which is encouraging them to develop eco-friendly aerosol packaging solutions made from recyclable materials.
Key players operating in the aerosol cans market are LG Chem, Hanmi Pharmaceutical Co., Ltd., Boryung Pharmaceutical Co., Ltd., Novartis AG, EirGenix, Inc., Biocon Limited, G.L. Pharma GmbH, Daewoong Pharmaceutical Co., Ltd., Sandoz International GmbH, Boryung Pharmaceutical Co., Ltd., VHB Life Sciences Limited, HanAll Biopharma, Taiba Healthcare, Huons Co., Ltd., and Dong-A ST Co., Ltd.
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