CHICAGO, May 14, 2021 /PRNewswire/ -- According to the new
market research report "Aerosol Cans
Market by Material (Aluminum, Steel, Plastic),
Product Type, Type (Liquefied Gas, and Compressed Gas), End-use
Sector (Personal Care, Healthcare, Household Care, Automotive), and
Region - Global Forecast to 2026", published by
MarketsandMarkets™, the Aerosol Cans Market is projected to
reach USD 12.2 billion by 2026, with
an expected CAGR of 3.7% between 2021 and 2026. The aerosol cans
market size is projected to grow from USD
10.2 billion in 2021 to USD 12.2
billion by 2026, at a CAGR of 3.7%. The aerosol cans market
is witnessing growing demand from end-use industries such as
personal care, household care, automotive, healthcare, and
others.
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Browse in-depth TOC on "Aerosol Cans
Market"
242 – Tables
62 – Figures
216 – Pages
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Aluminum is the largest material segment of the aerosol cans
market.
Aluminum material segment accounted for the largest share in the
global aerosol cans market during the forecast period. Aluminum is
one of the most preferred materials for packaging due to its wide
range of properties. It is lightweight, shatterproof, impermeable,
flexible in nature, corrosion-resistant, and recyclable. Aluminum
aerosol cans prevent high volatile constituents of the contents
from escaping and preserve the contents for a long time. These
factors attributes to the large market share of aluminum in global
aerosol cans market.
Liquefied Gas Propellant is the largest type segment of the
aerosol cans market.
Liquefied Gas Propellant type segment accounted for the largest
share in the global aerosol cans market during the forecast period.
In case of liquefied gas propellant, even when the product level
drops, more propellant evaporates to maintain a continuous pressure
in the space above the product. This helps to maintain the
performance of the spray throughout the lifespan of the aerosol
can. This attributes to the large market share of liquefied gas
propellant.
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1 piece aerosol cans is the largest product type segment of
the aerosol cans market.
1 piece aerosol cans product type segment accounted for the
largest share in the global aerosol cans market during the forecast
period. This segment is witnessing growth due to the advantages it
offers, such as it is leak, light & air proof, can sustain
higher pressures, is unbreakable, resistant to corrosion and heat,
and seamless.
Personal Care is the largest end-use sector segment of the
aerosol cans market.
The personal care end-use sector segment accounted for the
largest share in the global aerosol cans market during the forecast
period. For the personal care end-use sector, aerosol cans are used
for the packaging of different products such as deodorants, face
& body creams, shaving foams, and perfumes. The increasing
disposable income of people in developing economies allows them to
spend more on personal care products, thereby helping the aerosol
cans market to grow.
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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