June 13, 2024
Aerosol Cans Market

Aerosol Cans Market Is Expected To Be Flourished By Rising Demand For Beauty And Personal Care Products

Aerosol cans are commonly used containers that help dispense various products in a controlled spray manner. Cans have different types of valves and systems that allow propellants like compressed air or hydrocarbon gases to force out liquid or suspension products as a spray. Aerosol cans are extensively used in the beauty and personal care industry for hair sprays, deodorants, disinfectant sprays, and many more such daily use items. They provide improved portability, ease of application, and precision dosage compared to regular containers.

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.

The aerosol packaging format enjoys strong preference among consumers due to advantages like controlled dispensing, precision application, long shelf life of products. The beauty and personal care segment accounts for the dominant share in the aerosol cans market attributable to the growing focus on personal grooming and appearance globally.

Market Dynamics

Rising Demand for Beauty and Personal Care Products (mentioned in the heading): The global personal care industry has been witnessing stable growth on the back of rising incomes, increasing urbanization, and changing lifestyles across emerging economies. Rapid expansion of organized retail and e-commerce sectors has further boosted the accessibility and availability of premium beauty brands to consumers. This growing demand from the personal care segment is driving the consumption of aerosol cans for packaging an array of cosmetic formulations like moisturizers, hair dyes, deodorants, and others.

Growth in Pharmaceutical Applications: Aerosol dispensers offer accurate dosing along with minimal product wastage, which makes them suitable for various pharmaceutical products like pain relief sprays, respiratory drugs, and nasal decongestants. Manufacturers are utilizing this delivery technology owing to advantages like targeted delivery of drugs to specific areas, alternate route of drug administration, and innovative product offerings. Rising healthcare spending along with increasing prevalence of respiratory illnesses and other such conditions is propelling the demand for medical aerosols, thus benefiting the aerosol cans market.

Segment Analysis

The global Aerosol Cans Market Size is dominated by the personal care segment. Personal care products like deodorants, hair sprays and cosmetics account for more than 35% of the total aerosol cans market. The demand for aerosol packaging from personal care segment is high as aerosol cans provide advantages like convenience of use and ease of application to end products.

PEST Analysis
Political: Stringent regulations regarding the usage of propellants and viability of raw materials used in aerosol production impact the market.
Economic: Volatility in prices of raw materials due to fluctuations in crude oil prices can affect the cost of aerosol cans.
Social: Growing preference for sustainable and eco-friendly packaging solutions is a key trend.
Technological: Advances in aerosol valve technology aid in development of more efficient aerosol products with reduced propellant usage.

Key Takeaways
The global Aerosol Cans Market Size is expected to witness high growth over the forecast period of 2024 to 2031. 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.

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. BASF S.E. and Akzo Nobel N.V. have leading market shares due to their diversified product portfolio and extensive global presence.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it