London, April 10, 2024 (GLOBE NEWSWIRE) -- Global aerosol cans market is estimated to develop at a steady CAGR of 4.8 between 2023 and 2030. The market is predicted to garner a revenue of US$15.9 Billion by the end of 2030, up from a revenue of US$11.5 Billion in the year 2023.
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REPORT SCOPE
| Report Attributes | Details | |
| Base Year | 2022 | |
| Forecast Year | 2023 – 2030 | |
| Market Size in 2022 | US$15.9 Bn | |
| Estimated Market Size in 2030 | US$11.5 Bn | |
| CAGR | 4.8% | |
| Growth Drivers |
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| Segmentation |
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| Regional Coverage |
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Key Research Insights
- North America is leading in the aerosol cans market.
- Asia Pacific is experiencing high growth in the market.
- The straight wall material has captured the largest market share in the market.
- Aluminum aerosol cans has captured the largest market share in the market.
Insights into Segmentation Analysis
Straight Material Continues to Surge Ahead
- The straight wall material has captured the significant market share in the aerosol cans market due to its versatility and suitability for various applications.
- Straight Wall cans, often made from materials like aluminum or steel, offer a classic and efficient cylindrical design that accommodates diverse products, from personal care items to automotive products.
- The straightforward construction allows for easy manufacturing and labeling, making it a preferred choice for both consumers and manufacturers.
- The simplicity, cost-effectiveness, and compatibility with different materials contribute to the dominance of straight-wall cans in the aerosol cans market.
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Aluminum has Witnessed Notable Market Share in the Aerosol Cans Market
- Aluminum has captured significant market share in the market due to its advantageous properties.
- Aluminum aerosol cans are lightweight, corrosion-resistant, and possess excellent barrier properties, preserving the integrity of the packaged products. They are also recyclable, aligning with growing environmental concerns and sustainability preferences among consumers.
- Aluminum offers a visually appealing surface for branding and printing. T
- The material's versatility, combined with its positive environmental profile and consumer-friendly attributes, has contributed to its dominance in the aerosol cans market across various industries such as personal care, household, and automotive.
Personal Care Applications Take the Lead
- The personal care application has captured the largest market share in the aerosol cans market due to the widespread use of aerosol products in categories like deodorants, hairsprays, and shaving creams.
- Aerosol cans offer convenient, precise, and controlled dispensing, aligning with consumer preferences for these personal care products.
- The aerosol format ensures hygienic and efficient application. The versatility of aerosol packaging, coupled with the demand for on-the-go products in the personal care sector, has propelled the dominance of personal care applications.
Key Report Highlights
- The aerosol cans market serves diverse industries including cosmetics and personal care, household, automotive, healthcare.
- Economic growth, particularly in emerging markets, has led to higher disposable incomes, driving the demand for aerosol products.
- Sustainability will remain a key focus area, with manufacturers investing in recyclable materials.
Insights into Regional Analysis
North America Witnesses a Flourishing Trend of Eco-Friendly Packaging
- North America has captured significant market share in the aerosol cans market owing to several factors.
- The region's robust industrial and manufacturing sectors, coupled with a high standard of living, contribute to a substantial demand for aerosol-packaged products across various applications.
- Stringent environmental regulations have spurred innovation in eco-friendly aerosol packaging solutions, driving market growth.
- The presence of key players and technological advancements further bolster the aerosol cans market in North America. Consumer preferences for convenient and versatile packaging also play a role.
Asia Pacific Received Strong Tailwinds from the Flourishing Personal Care Industry
- Asia Pacific region is experiencing the highest CAGR in the aerosol cans market due to several key factors such as increasing disposable incomes, and a burgeoning middle-class population.
- The region's expanding manufacturing sector, coupled with rising awareness of personal care and household products, contributes to the growth.
- The adoption of innovative technologies and the entry of multinational companies fuel the aerosol cans market in Asia Pacific.
Key Companies Profiled in the Global Aerosol Cans Market
- Ball Corporation
- CCL Container
- Linhardt GmbH & Co. KG
- Crown Holdings, Inc.
- Exal Corporation
- DS Containers, Inc.
- TUBEX Group
- Nampak Ltd.
- Ardagh Group
- ITW Sexton
- Bharat Containers
- Casablanca Group
- Massilly Group
Global Aerosol Cans Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - (By Product Type Coverage, By Material Coverage, By Application Coverage, By Geographic Coverage and By Company): https://www.fairfieldmarketresearch.com/report/aerosol-cans-market
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