Growing Demand for Eco-Friendly Aerosol Cans
Posted by Stephen Lobo on April 26th, 2023
Aerosol cans are widely used in the packaging industry for various applications such as personal care, household products, automotive, and paint. The market for aerosol cans is expected to witness moderate growth in the coming years due to the increasing demand for these cans in emerging economies, rising disposable income, and the growing trend of convenient packaging.
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. The aerosol cans market growth is the increasing demand for convenient and portable packaging solutions. Aerosol cans are lightweight, easy to use, and have a long shelf life, making them ideal for a wide range of applications. In addition, the rising demand for personal care and home care products is expected to boost the growth of the aerosol cans market.
Furthermore, the growing trend towards eco-friendly packaging solutions is driving the development of new and innovative aerosol can technologies that are more sustainable and environmentally friendly. This is expected to further drive the growth of the aerosol cans market in the coming years.
In terms of regional demand, Asia-Pacific is expected to be the fastest-growing market for aerosol cans due to the increasing population and rising consumer demand for personal care products. The market in North America and Europe is expected to grow at a steady pace due to the already established markets for these cans.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=48885732
However, the aerosol cans market is facing challenges due to environmental concerns over the use of propellants, which has led to the development of eco-friendly alternatives. The increasing focus on sustainability and the need for eco-friendly packaging options may also impact the demand for aerosol cans in the future.
Aerosol Cans Market Key Players
The aerosol cans market has thousands of companies which thrive in their domestic as well as global market. A few of the major manufacturers are 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), amongst others. These players have adopted various growth strategies, such as acquisitions, expansions, new product developments, and partnerships/collaborations/agreements to increase their market shares and enhance their product portfolios.
“Rapid Growth in Personal Care & Cosmetics Industry Driving Product Demand”
The rapid growth in the personal care and cosmetics industry is driving the demand for aerosol cans in the market. The personal care and cosmetics industry includes a wide range of products such as deodorants, hair sprays, shaving creams, perfumes, and body sprays, among others, which often require aerosol packaging for ease of use and convenience. In addition, the cosmetics industry is also a significant consumer of aerosol cans for packaging products such as hairsprays, body sprays, and perfumes.
Furthermore, the demand for eco-friendly packaging solutions in the personal care and cosmetics industry is driving the development of new and innovative aerosol can technologies that are more sustainable and environmentally friendly. This is expected to further drive the growth of the aerosol cans market in this industry.
"Liquefied Gas Propellant is the largest type segment of the aerosol cans market"
liquefied gas propellant is one of the largest types of propellants used in the aerosol cans market. Liquefied gas propellants are commonly used in aerosol cans because they are efficient and effective in delivering the product. These propellants work by exerting pressure on the product in the can, forcing it out through the valve and into the atmosphere.
Liquefied gas propellants can be divided into two categories: hydrocarbons and fluorocarbons. Hydrocarbons such as propane, butane, and isobutane are commonly used as propellants due to their low cost, high vapor pressure, and flammability. Fluorocarbon propellants, such as chlorofluorocarbons (CFCs) and hydrofluorocarbons (HFCs), were once commonly used in aerosol cans but are now being phased out due to their harmful effects on the environment.
The use of liquefied gas propellants is especially prevalent in industries such as personal care, household products, automotive, and industrial products. For example, aerosol cans containing liquefied gas propellants are used for products such as deodorants, air fresheners, lubricants, and spray paints.
"APAC is the fastest-growing market for aerosol cans market"
APAC (Asia-Pacific) is one of the fastest-growing markets for the aerosol cans market. The region is experiencing significant growth due to factors such as rapid urbanization, changing lifestyle patterns, increasing disposable income, and a growing demand for convenience products.
APAC is home to some of the world's largest and fastest-growing economies, including China, India, and Japan, which are driving the growth of the aerosol cans market in the region. According to a report by MarketsandMarkets, the Asia-Pacific aerosol cans market is projected to grow at a CAGR of 5.5% from 2018 to 2023, driven by the increasing demand for aerosol cans in various industries, including personal care, automotive, and household products.
The personal care industry is one of the largest consumers of aerosol cans in the APAC region, with products such as deodorants, hair sprays, and body sprays driving the demand for aerosol cans. The growing demand for eco-friendly and sustainable packaging solutions is also driving the development of new and innovative aerosol can technologies in the region.
Furthermore, the increasing focus on industrialization and manufacturing in countries such as China and India is also driving the demand for aerosol cans in the automotive and industrial sectors. These sectors are major consumers of aerosol cans for products such as lubricants, anti-corrosion sprays, and degreasers.
Like it? Share it!
About the AuthorStephen Lobo
Joined: November 18th, 2022
Articles Posted: 135
More by this author