The Brainy Insights launched a study titled "Aerosol Cans Market Size by Type (Straight Wall Aerosol Cans, Necked-In Aerosol Cans, Shaped Aerosol Cans), Material (Aluminum, Steel, Plastic, Others), Propellant Type, End-use Sector, Regions”, Global Industry Analysis, Share, Growth, Trends, and Forecast 2019 to 2026".
The global aerosol cans market is expected to grow from USD 9.4 billion in 2018 to USD 13.13 billion by 2026, at a CAGR of 4.1% during the forecast period 2019-2026. Aerosol cans are one of the effective packaging solutions that provides all the features related to high performance during transportation, storage, and convenient features to the consumer. The recyclability and reusability of aerosol cans act as a major driver for the growth of the aerosol cans market. Being made from metals or glass these cans are infinitely recyclable. This also helps can users in obtaining a cost advantage in packaging, while at the same time addressing concerns about disposability, since they are manufactured in accordance with environmental regulations for decomposition. Also, recycling metal cans can save up to 74% of energy, leading to reduced energy consumption in product recycling. Consequently, recycled cans are priced cheaper than newly manufactured cans. Materials used in the manufacturing of aerosol cans are relatively more expensive than their traditional alternatives. Also, refillable spray bottles are cheaper in comparison to aerosol cans, as they do not need disposing. This also makes them more environmentally friendly. This factor might restrict the growth of this market during the forecast period.
The straight-wall aerosol cans segment led the aerosol cans market with the largest market value of around 3.95 billion in 2018
The product segment is divided into straight wall aerosol cans, necked-in aerosol cans and shaped aerosol cans. The straight-wall aerosol cans segment emerged as the leader in the global aerosol cans market with the largest market value of around 3.95 billion in 2018.
The aluminum segment led the aerosol cans market with a market value of around 2.91 billion in 2018
The material segment includes aluminum, steel, plastic and others. The aluminum segment led the aerosol cans market with a market value of around 2.91 billion in 2018 due to its lightweight for an increasingly mobile society which gives aluminum cans an edge and offers an optimal solution for manufacturers due to its recyclable nature.
The liquefied gas propellant segment led the aerosol cans market with the largest market value of around 6.02 billion in 2018
The propellant type segment is divided into compressed gas propellant and liquefied gas propellant. The liquefied gas propellant segment emerged as the leader in the global aerosol cans market with the largest market value of around 6.02 billion in 2018.
The personal care segment led the aerosol cans market with a market value of around 3.57 billion in 2018
The end-use segment includes personal care, household care, healthcare, automotive and others. The personal care segment led the aerosol cans market with a market value of around 3.57 billion in 2018 due to the growing demand for hair care products and deodorants. The demand for personal care products is increasing in emerging economies owing to rising consumer spending, changing lifestyle, and emphasis on gender-specific products.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The North America region led the global aerosol cans market with a revenue of USD 3.29 billion in 2018. The large share of this market can be attributed to the developed economies of US coupled with growth in applications of aerosol cans in the personal care, automotive, and healthcare industries.
Major players in the global aerosol cans market are Aerobal, S.A. de C.V., Aero-pack Industries, Inc, Ardagh Packaging Holdings Limited, Avon Crowncaps & Containers (Nig.) Plc, Ball Corporation, BWAY Corporation, CCL Industries, Inc., Crown Holdings, Inc., DS Containers, Inc., Exal Corporation, ITW Sexton Can Company Inc. MidasCare Pharmaceuticals Pvt. Ltd. and Nampak Ltd. among others.