Packaging has become a vital
component in modern lifestyle due to its storage, transportation and
increasing consumer inclination towards convenient products on the
backdrop of fast paced lifestyle. Moreover, the rising demand of
personal care and manufacturing products have witnessed improvements in
terms of consumption over the last few years and are more easily
available due to its effective packaging solution. Aerosol cans are one
of the effective packaging solution that provide all the features
related to high performance during storage, transportation and
convenient features to consumer.
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Aerosol cans are a type of dispensing
system which creates an aerosol mist of liquid particles. These aerosol
cans are primarily made up of steel or aluminum, wherein aluminum is
steadily gaining market share because it act as a perfect barrier
against air, light, humidity, germs and other gases. In addition to
this, it is a corrosion resistant material, which protect the cans
content against deterioration. Commonly used gases for aerosol
propellants is carbon dioxide, propane and butane.
Apart from its basic usage, these
aerosol cans are used as a tool for promotion or advertising, due to its
large printable surface area that provide 360 degree billboard for
brands to outshine the competition. These aerosol cans provide a
graphics solution which includes matte, gloss, matte-gloss, pearlescent,
hot stamping, tactile ink and eyeris, which make the product stand out
in today’s competitive scenario.
Aerosol Cans Market- Market Segmentation:
The aerosol cans market can be segmented
on the basis of product type, material type, propellant type and end
use. On the basis of product type, aerosol cans market can be segmented
into straight wall aerosol cans, necked in aerosol cans and shaped
aerosol cans. On the basis of material type, aerosol cans market can be
segmented into steel, aluminum, plastic and glass, wherein, aluminum are
gaining traction among consumers due to its lightweight for an
increasing mobile society which gives aluminum cans an edge and provides
an optimal solution for manufacturers due to its recyclable nature.
On the basis of propellant type, aerosol
cans market can be segmented into compressed gas propellant and
liquefied gas propellant. On the basis of end use, aerosol cans market
can be segmented into personal care, home care, healthcare, automotive
industry and others, wherein, automotive industry is expected to be one
of the largest market of aerosol cans due to its wide application as
paint, lubricants, brake cleaners and degreasers.
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Aerosol Cans Market- Market Dynamics:
One of the significant factors
contributing towards the growth of aerosol cans market is the rise in
the modern retail formats. The upwards trend in modern retail drives the
FMCG (Fast Moving Consumer Goods) companies to focus on the packaging
format in order to increase their presence towards the customer within
the limited available shelf space. Another factor that is fueling the
growth of aerosol cans market is the portable nature of aerosol cans due
to its light weight, unbreakable and easy to hold properties while
carrying it.
Moreover, the rising disposable income
of the individual is another important reason towards the growth of
aerosol cans market. In addition to this, the increasing usage of
aerosol cans due to the fast paced lifestyles is expected to be the
prominent aspect towards driving the growth of aerosol cans market and
pushing the companies to opt for technological advancement to command a
higher share in the aerosol cans market.
Another factor that contributes towards
the growth of aerosol cans market is the recyclability of aerosol cans.
Furthermore, a shift towards aluminum aerosol cans are considered as a
prevailing trend among the manufacturers of aerosol cans. However, the
government regulation towards the use of plastic is expected to hinder
the growth of aerosol cans market. Another important restraining factor
towards the growth of aerosol cans market is the high price of the
aerosol cans. Moreover, the environmental consequences related to the
usage of aerosol cans are expected to hamper the growth of aerosol cans
market.
Aerosol Cans Market- Regional Outlook:
Geographically, the aerosol cans market
can be segmented into North America, Latin America, Europe, Asia Pacific
(APAC) and Middle East & Africa (MEA). The growth of global aerosol
cans market is expected to witness a healthy CAGR over the forecast
period of 2016-2024. Moreover, Europe is expected to dominate the global
aerosol cans market, wherein, U.K. is expected to be the largest
manufacturer of aerosol cans followed by Germany which is expected to
growth at a steady rate due to the rising demand for home and personal
care products. The demand of the aerosol cans market is expected to
witness an above average growth in Asia Pacific due to its growing
economies such as China & India, wherein the number of consumer are
increasing.
Aerosol Cans Market- Major Players:
Some of the major players identified across the globe in the Aerosol Cans Market
are Crown Holdings Inc., BALL CORPORATION, Spray Products Crop., BWAY
Corporation, DS Containers, Inc., MidasCare Pharmaceuticals Pvt. Ltd.,
ITW Sexton Can Company Inc., Aerobal, S.A. de C.V., Avon Crowncaps &
Containers (Nig.) Plc and Aero-pack Industries, Inc
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