The global aerosol cans market size is projected to grow from USD 10.2 billion in 2021 to USD 12.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 3.7% during the forecast year. Aerosol can is a self-dispensing pressurized packaging form, with a permanently attached continuous or metering valve that dispenses the required product formulation in the form of aerosol sprays, streams, gels, foams, lotions or gases, as the contents are introduced and contained in the cans under high pressure and are released with the help of a valve that forces them out through a small orifice.
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The manufacturing of aerosol cans was stopped because of the sudden lockdown imposed in the countries causing the shutdown of manufacturing facilities along with their operations. Expect for healthcare, majority of the aerosol can products fall under the catehorgy of non-essential products except for healthcare. As an implication to this the companies had to stop the production of aerosol cans. Companies shifted their focus to the production of facemasks, sanitizer bottles, and other essential products to recover the losses incurred due to the worldwide pandemic. As the lockdown restrictions were lifted, companies resumed their manufacturing operations. They introduced and initiated the production of small-sized aerosol cans, compared to the average size of the aerosol cans. This change in the idea arised due to the prevalent uncertainty of the pandemic in the minds of the customers. Customers are willingly investing in the same for immediate and short-time use, thus reducing the average can size. The resson being that most of the aerosol cans packaged products fall under the non-essential category.
Beauty spa, saloon, personal care parlor, and others are posing a reduced demand of personal care products. However, the demand has increased at homes. There has been an increase in the usage of personal care products at homes. This has eventually increased the demand for aerosol cans. A similar consumer behaviors has been encountered in the case of users of household care and automotive products, across the world. The leverage of having spare time is enabling people to involve themselves in taking care of their house along with their vehicles by themselves. The third-party service providers are witnessing a decrease in demands for aerosol can packed products in household care and automotive. However, the above described commutative increase in demand for aerosol cans is considerably low to fill the reduced demand gap which has arised due to the pandemic. Healthcare aerosol can products are included into the essential products category, and hence, their demand has been witnessing an increase, as compared to the other aerosol can products (such as personal care, household, and automotive).
APAC is the fastest-growing market for aerosol cans market.
APAC is projected to be the fastest growing market for aerosol cans during the forecast period and is projected to register the highest CAGR among all the regions. The growth in aerosol cans market in APAC region is attributed to increasing disposable income in the developing economies such as China and India. Key factors such as industrialization, growth of the convenience food industry, rise in manufacturing activities, increase in disposable income, rise in consumption level, and the growth in retail sales have contributed to the growth of the aerosol cans market during the forecast period in the region. Moreover, the spending on packed food and beauty care has increased, which is driving the demand for aerosol cans in the region.
Ball Corporation (US), Trivium Packaging (US), Crown (US), Mauser Packaging Solutions (US), Toyo Seikan Co. Ltd. (Japan), Nampak Ltd. (South Africa) CCL Container (US), Colep (Portugal), CPMC Holdings Ltd. (China), Guangdong Sihai Iron-Printing and Tin-Making Co.,Ltd. (China), and others are the key players operating in the aerosol cans market.
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