Aerospace Cans Market to Grow at Highest Pace Owing to Rising Usage of Aerosol Formulations
Aerosol cans find widespread usage across various end-use industries like personal care, household, automotive, and others. The convenient packaging and dispensing format of aerosol cans makes them suitable for a plethora of formulation types including air fresheners, cleaners, deodorants, pain sprays, insecticides and more. The need for effective yet affordable packaging for various liquid, cream and gel-based products has propelled the demand for aerosol cans over the years.
Global aerosol cans market is estimated to be valued at US$ 21.36 billion in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031.
Key Takeaways
Key Players Analysis: 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.
Growing Demand: Wide acceptance of Aerosol Cans Market Share packaging across major end-use sectors like cosmetics, healthcare, automotive and household is a key factor driving the aerosol cans demand. Growing need for multi-purpose and convenient packaging is further augmenting the market growth.
Technological Advancements: Ongoing developments in aerosol filling technologies aimed at improving production efficiencies and developing eco-friendly cans with less material usage without compromising the structural integrity will further support the aerosol cans industry growth.
Market Trends
Increasing Adoption of Reusable/Recyclable Cans: Growing environmental concerns have triggered widespread shift towards reusable and recyclable packaging materials. Reusable aerosol cans are gaining traction owing to minimum material usage and eco-friendliness.
Rising Popularity of Specialty Aerosol Cans: Continuous product innovations are fueling the demand for specialty aerosol packaging catering to unique industrial and consumer applications. Specialty aerosol cans made from metal, glass and plastic are note-worthy market trends.
Fastest Growing Region for Aerosol Cans Market:
Asia Pacific region is poised to witness the fastest growth in the aerosol cans market over the forecast period from 2024 to 2031. Rapid urbanization, rising consumer disposable incomes and growth in end-use industries are the key factors driving the market in Asia Pacific. In particular, developing economies like India and Indonesia are presenting lucrative opportunities due to increasing population, changing lifestyles and rising demand for personal grooming products. Moreover, shifting of production facilities from developed regions and expansion of local manufacturing capabilities by major players in Asia Pacific will further propel the regional market at an accelerated pace during the projected years.
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