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Aerosol Cans Market worth $13.6 billion by 2028 | Key players Ball Corporation (US), Trivium Packaging (Netherlands), Crown (US), Mauser Packaging Solutions (US), Toyo Seikan Co. Ltd. (Japan), Nampak Ltd. (South Africa).

11-01-2023 08:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Aerosol Cans Market, Aerosol Cans, Cans Market, Cans, Beverage Cans, APAC Aerosol Cans Market

Aerosol Cans Market, Aerosol Cans, Cans Market, Cans, Beverage Cans, APAC Aerosol Cans Market

According to recent market research the "Aerosol Cans Market by Material (Aluminium, Plastic), Product Type (1-piece cans, 3-piece cans), Type (Liquefied Gas, Compressed Gas), End-use Sector (Personal care, Healthcare, Household care), & Region-Global Forecast to 2028", size is estimated to be USD 11.2 billion in 2023, and it is projected to reach USD 13.6 billion by 2028 at a CAGR of 4.0%. Rising population, improving living standards, and rising urbanization led to an increase in demand from end-use sectors such as personal care, household care, healthcare, automotive, and others, which drives the market of Aerosol Cans during the forecast period. Apart from this, technological advancements and increasing awareness towards sustainability also help in driving the market of Aerosol Cans during the forecast period. The availability of alternatives in terms of packaging and price is becoming the main restraining factor in this market. However, growing opportunities in emerging economies and the development of eco-friendly packaging provide lucrative opportunities for aerosol cans producers. Stringent government regulations are the major challenge of this market.

Browse 254 market data Tables and 50 Figures spread through 216 Pages and in-depth TOC on "Aerosol Cans Market - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/aerosol-cans-market-48885732.html

The aluminum material segment held the largest market share in the global aerosol cans market throughout the forecast period. Aluminum is a highly favored material for packaging due to its extensive array of advantageous properties. It boasts attributes such as being lightweight, shatterproof, impermeable, flexible, corrosion-resistant, and recyclable. Aluminum aerosol cans effectively contain volatile components within the contents and maintain the product's integrity over an extended period, contributing significantly to its substantial market dominance in the global aerosol cans industry.

The segment of liquefied gas propellant type held the dominant position in the global aerosol cans market for the duration of the forecast period. With liquefied gas propellants, the advantage lies in their ability to ensure a consistent pressure remains in the space above the product, even as the product level decreases. This unique feature contributes significantly to sustaining the spray's performance throughout the entire lifespan of the aerosol can, thereby underpinning the substantial market share of liquefied gas propellants.

Within the global aerosol cans market, the 1-piece aerosol cans product type segment secured the largest market share throughout the forecast period. This segment is experiencing an upward trajectory in its growth due to the array of benefits it provides. These advantages encompass leak-proof, airtight, and lightweight properties, the capacity to withstand elevated pressures, resistance to corrosion and heat, as well as the seamless and unbreakable nature of the cans.

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Asia Pacific is the the fastest-growing market during the forecast period. The robust growth of the aerosol cans market in the APAC region can be attributed to multiple factors, including the rising disposable income levels in developing economies like China and India. Key drivers encompass industrialization, the expansion of the convenience food industry, increased manufacturing activities, elevated disposable incomes, heightened consumption levels, and a surge in retail sales. Furthermore, heightened spending on packaged foods and beauty care products has contributed to the escalating demand for aerosol cans within the region.

The Aerosol Cans chemicals market comprises major players such Ball Corporation (US), Trivium Packaging (Netherlands), Crown (US), Mauser Packaging Solutions (US), Toyo Seikan Co. Ltd. (Japan), Nampak Ltd. (South Africa), CCL Container (US), Colep Packaging (Portugal), CPMC Holdings Ltd. (China), and Guangdong Sihai Iron-Printing and Tin-Making Co., Ltd. (China). Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Aerosol Cans market.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=48885732

Ball Corporation (US) provides metal packaging for beverages, foods, and household products. It operates through the following business segments, namely, Global Beverage Packaging, Aerospace, Aerosol Packaging, and Aluminum Cups. The Global Beverage Packaging includes beverages cans, Beverage Ends & Tabs, Beverage Bottles, Household & Personal Care Bottels, and Aluminum Slugs. In the Aerosol Packaging segment, the company offers several aerosol cans which can be used by various end-use sectors i.e., personal care, household care, etc. For government and commercial customers, the company designs, develops, and manufactures innovative aerospace systems and related technologies such as instruments and sensors, spacecraft and space science, electronic warfare, aerospace technology and components, radio frequency systems and components, antennas and microwave systems, and data exploitation solutions.

Trivium Packaging (Netherlands) is a metal packaging manufacturer for the beauty, beverage, food, home care, industrial, and pharmaceutical industries. The company provides sustainable metal packaging products such as cans, bottles, kegs, slugs, and end components for major global brands of various companies by utilising a few shaping technologies, including mechanical expansion and blow moulding, to develop standard and custom shapes based on product requirements, thereby helping to protect and promote the identity of its partners.

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