Aerosol Cans Market To Witness Significant Growth Due To Rising Application In Food & Beverage Industry
Aerosol cans are cylindrical metal canisters with a spray mechanism on one end that contains and dispenses products such as deodorants, hairsprays, air fresheners, insecticides and others. These cans allow for convenient and uniform product dispensing, which has led to their widespread use across various industries including personal care, household care, automotive, food & beverages and others. The technology used in aerosol cans makes it easy to store, carry and apply products in a precise manner.
The global aerosol cans market is estimated to be valued at US$ 21.36 Mn in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
One of the key drivers for the growth of the aerosol cans market is the rising application of aerosol cans in the food & beverage industry. Aerosol cans provide an innovative and hygienic packaging solution for various food items including whipped cream, cheese products and culinary products. They help extend the shelf life of products and ensure freshness. Moreover, the convenient dispensing feature of aerosol cans makes portioning and usage easy. This is supporting the increasing demand from food companies. Furthermore, aerosol cans allow manufacturers to customize their product format and attributes like aroma release according to customer needs. The widespread adoption of aerosol cans for dairy, culinary and other food segments is expected to support the market growth over the forecast period.
SWOT Analysis
Strength: Aerosol cans provide easy and convenient packaging for various consumer goods like deodorants, hairsprays, paints etc. Their pressurized mechanism allows for application of product without manual pumping. This makes their use very simple for consumers. They protect products from contamination and allow for even distribution of contents.
Weakness: Aerosol cans are not environment friendly as they are made mostly from aluminium and steel which are non-renewable resources. Their disposal adds to solid waste. Their propellants like gases are greenhouse emissions. Production of cans is also energy intensive which adds to carbon footprint.
Opportunity: With growing awareness about environment protection, companies can invest in developing more sustainable can designs using recycled materials. They can also opt for propellants with lower global warming potential. Rising health consciousness may boost demand for personal hygiene products packaged in aerosol cans.
Threats: Strict regulations around greenhouse gas emissions from propellants can impact production costs. Growing preference for packaging-free personal care may reduce their usage over long-term. Economic slowdowns can dampen demand from industries like paints where aerosol cans are widely used.
Key Takeaways
The global Aerosol Cans Market Size is expected to witness high growth over the forecast period of 2024 to 2031. Rising consumerism, health awareness anddemand from industries like paints, automotive will drive the market. The global aerosol cans market is estimated to be valued at US$ 21.36 Mn in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031.
Regional analysis: Asia Pacific region currently dominates the market and is expected to maintain its leading position during the forecast period as well. China, India and other developing countries will drive the growth in this region due to expanding middle class population, rapid urbanization and improving standards of living. North America and Europe are established markets while growth will be higher in developing regions.
Key players: Key players operating in the aerosol cans market are BASF S.E., Suez S.A., Kemira OYJ, BWA Water Additives, Ecolab Inc., Cortec Corporation, DowDuPont Inc., Baker Huges Incorporated, Akzo Nobel N.V., and Solenis LLC.
Explore more related article on this topic: https://www.pressreleasebulletin.com/the-global-aerosol-cans-market-share-analysis/
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